RELEASE: Cognizant introduces AI-powered Innovation Assistant

(Information sent by the signatory company).

RELEASE: Cognizant introduces AI-powered Innovation Assistant

(Information sent by the signatory company)

- Cognizant introduces AI-powered Innovation Assistant, in collaboration with Microsoft, enabling Cognizant employees to innovate

TEANECK, N.J., Jan. 16, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) announced its collaboration with Microsoft on the launch of Innovation Assistant, an AI-powered generative tool built on Microsoft Azure OpenAI Service, which will augment the program Cognizant's internal innovation team, Bluebolt.

Innovation Assistant is a pioneering tool designed to assimilate business knowledge and enable greater creativity and innovation among teams of Cognizant employees working to solve customer challenges across industries. The launch exemplifies Cognizant's commitment to transform human-machine collaboration through AI and advance knowledge and innovation by leveraging the company's vast technical and industrial knowledge.

"The creativity and ingenuity of Cognizant people is one of the things that sets us apart in our industry, and we see our Innovation Assistant as a game-changer in the way we generate and implement ideas," said Ravi. Kumar S, CEO of Cognizant. "Together with Microsoft, we are harnessing the power of generative AI to revolutionize our approach to innovation, aiming to ensure we and our customers stay ahead in a rapidly evolving business environment."

The Innovation Assistant is an integral part of Cognizant's Bluebolt grassroots innovation movement, which provides a framework for Cognizant employees anywhere and at any level to contribute to the innovation process from idea to implementation. Harnessing the power of generative AI for Bluebolt will help Cognizant employees develop a unique combination of virtual guidance and real-world support that can utilize all of the company's expertise and co-innovation to benefit customers.

"It is amazing to see how the power of Gen AI enables innovation at different levels of an organization with Cognizant's Innovation Assistant. They have used AI to create a platform that unlocks the potential of individuals and teams," said Puneet Chandok , CEO of Microsoft, India and South Asia. "Built on the Microsoft Azure OpenAI service, Cognizant's platform is a force multiplier that aims to enable customers to gain access to enterprise data insights and stay ahead in the ever-evolving digital landscape."

Cognizant is dedicated to maintaining the highest standards for responsible and ethical AI, focusing on security, privacy, transparency and inclusion. The Innovation Assistant is designed to generate context-based ideas and solutions while safeguarding sensitive information and client confidentiality.

To learn more about Cognizant's approach to generative AI and the company's commitment to responsible AI, visit here.

About CognizantCognizant (Nasdaq: CTSH) designs modern businesses. We help our clients modernize technology, reimagine processes, and transform experiences so they can stay ahead in our rapidly evolving world. Together, we are improving everyday life. See how at www.cognizant.com or @cognizant.

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