TEANECK, N.J., Jan. 12, 2017 /PRNewswire/ - (NASDAQ: CTSH) today announced that market intelligence and advisory services firm International Data Corporation (IDC) has named it a Digital Transformation 'Leader' in the life science industry. Two IDC reports — the IDC MarketScape: Worldwide Life Science Manufacturing and Supply Chain Digital Transformation 2016 Vendor Assessment and the IDC MarketScape: Worldwide Life Science Sales and Marketing Digital Transformation 2016 Vendor Assessment — highlight how Cognizant's digital expertise is solving some of today's most pressing business challenges for pharmaceutical, biotech and medical device companies.
Working with 27 of the world's top 30 pharmaceutical manufacturers and 9 of the top 10 biotech companies to address intense competition, changing global regulations, and evolving expectations of digitally native consumers, Cognizant is helping life sciences companies implement digital technologies from cloud computing to the Internet of Things (IoT) to better connect patients, physicians, and providers, improve health outcomes, and enhance business processes for lower costs and higher efficiency. 'Traditional business models are giving way to a new, digital economy where the agile enterprises embracing digital systems and technologies are the winners,' said Krish Venkat, President, Healthcare and Life Sciences at Cognizant. 'Cognizant's mission is to enable clients to make technology more efficient, including applying cloud-based platforms, automating processes, and creating meaningful customer experiences.
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Together, we're bringing ideas to implementation in areas like digital patient engagement, outcome-based service delivery models, and even a paperless intensive care unit. Being recognized as a Leader in digital transformation by the IDC MarketScape is a reflection of our deep understanding of the life science industry and our continued investment and innovation in IoT, analytics, and cloud, social, mobile, and platform solutions.' 'Digital transformation is occurring rapidly in the life science industry, across both the manufacturing and supply chain, and the sales and marketing spaces,' said Mike Townsend, Research Manager for Life Science Business Systems Strategies at IDC. 'As manufacturing IT platforms have migrated to the cloud, IoT and mobile devices are proliferating, helping connect far-flung manufacturing and supply chain partners in real time.
New regulatory requirements, coupled with the globalization of manufacturing, have accelerated the need to digitally transform manufacturing and supply chain processes.' Townsend continued, 'Similarly, digital transformation is imperative for sales and marketing organizations. Internal and external sources of data are being collected in the cloud, and this information is being leveraged to improve speed, efficiency, and effectiveness in reaching both healthcare providers and patients. Partnering with technology vendors such as Cognizant, with expertise in transforming business processes and leveraging digital competencies, is critical for life science companies for improved outcomes, growth, and productivity.'
Cognizant Delivers Winning Digital Solutions for Manufacturing and Supply Chain Clients The IDC MarketScape: Worldwide Life Science Manufacturing and Supply Chain Digital Transformation 2016 Vendor Assessment (doc #US40510516, September, 2016) analyzes 11 consulting and digital transformation service providers worldwide, evaluating their ability to deliver services that utilize or combine digital information or processes, and on the proportion of revenue generated by life science engagements. In the report, Cognizant was rated highly for project budget performance and for its experience in digital transformation throughout the supply chain, implementing IoT, smart manufacturing and monitoring, and smart analytics solutions that improve the quality, visibility, lead times and security of the supply chain. By coupling industry-specific supply chain and manufacturing experience with a broad range of technology capabilities to create and deliver effective digital solutions, Cognizant's Life Science and Medical Devices practice focuses on understanding the unique challenges facing clients today such as evolving global serialization and track and trace regulations, new health care delivery models, and an increasing focus on operating efficiencies driven by global pricing pressures. To read an excerpt of the report, visit: Cognizant Drives Digital Transformation of Sales and Marketing Organizations The IDC Marketscape: Worldwide Life Science Sales and Marketing Digital Transformation 2016 Vendor Assessment (doc #US40510716, July 2016) analyzes 13 vendors around the world participating in digital transformation of sales and marketing in the life science industry.
Vendors are rated on current capabilities, future strategies, and the proportion of revenue derived by life science engagements. In the report, Cognizant was rated highly for life sciences industry expertise, with particular emphasis on its digital asset management platforms. The IDC MarketScape study characterizes Cognizant as an innovative partner, citing Cognizant's integrated approach for supporting sales and marketing digital transformation. By combining the creative and design experience of a marketing agency with deep domain knowledge, commercial data analytics, data sciences capabilities, and global distribution centers for delivery execution, Cognizant enables life science organizations to better connect with patients, physicians, providers, payers and policy regulators. Leveraging its investments in platforms to enable digital transformation, Cognizant offers life science enterprises its commercial operations platform OpSERV; the data management platform BigDecisions Sales Analytics; and its brand analytics platform REVEAL, among others. To read an excerpt of the report, visit: To learn more about Cognizant's Life Sciences expertise, visit:.
About IDC MarketScape IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared.
The framework also provides technology buyers with a 360 degree assessment of the strengths and weaknesses of current and prospective vendors. About Cognizant Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process services, dedicated to helping the world's leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work.
With over 100 development and delivery centers worldwide and approximately 255,800 employees as of September 30, 2016, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at or follow us on.
BYTON Opens North American Headquarters Global presence to help brand build 'next generation smart devices for shared mobility and autonomous driving' - BYTON's North American headquarters now fully operational; responsible for developing intelligent car experience, autonomous driving and other cutting-edge technologies, as well as the North American market operations and business development - Top experts from Tesla and Apple join BYTON's core management team - N.A. Headquarters expected to employ 300 by 2018 - BYTON forms strategic partnerships with leading automotive parts suppliers Bosch and Faurecia - BYTON committed to creating 'next generation of smart devices for shared mobility and autonomous driving'; first drivable prototype to make global debut at CES 2018 Las Vegas PR Newswire SANTA CLARA, Calif., Dec. BYTON CEO & Co-Founder Dr. Carsten Breitfeld and President & Co-Founder Dr. Daniel Kirchert attended the opening ceremony, along with part of the core management team.They introduced new team members Tom Wessner, Senior Vice President of Global Supply Chain, and Jeff Chung, Vice President of Intelligent Car Experience.
Tim Grayson, Assembly Member of State of California, and Mr. Zhang Jianxin, Chinese Deputy Consul General of the Consulate General in San Francisco, also delivered remarks at the event, welcoming BYTON to Silicon Valley. BYTON used the occasion to announce it has entered into strategic partnerships with Bosch and Faurecia, two of the world's leading automotive parts suppliers, to jointly develop smart mobility solutions. Improving global presence by setting up Silicon Valley R&D center focused on developing intelligent car experience Since its inception in 2016, BYTON has made its global vision clear by establishing a strategic presence in China, Germany and the U.S.
As the global digital transformation in the mobility sector comes of age. BYTON's global operation center, manufacturing base and global R&D center are located in Nanjing, China. The R&D center responsible for the design of prototype and concept models is based in Munich, Germany. The company's North American headquarters are in Silicon Valley, the world's tech center. The key focus of the office is developing cutting-edge technologies, including intelligent car user experience, autonomous driving, whole vehicle integration as well as developing and overseeing operations in the North American market.
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A strategic global presence in three key markets helps ensure the company's access to a diverse pool of talent and other resources, as well as promote BYTON's product development and launch. Covering an area of 80,000 square feet, BYTON's North American headquarters has over more than 120 employees, bringing together a number of leading talents in smart connected technology from across the world. BYTON plans to add another 200 jobs in the next year.
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Its opening marks another milestone in the company's development journey. 'BYTON's idea of marrying the automotive industry with digital technology is well in line with the development direction of technology as represented by Silicon Valley. Silicon Valley's strength in technology and talent will provide powerful support for BYTON's R&D endeavor in intelligent driving,' said Dr. Carsten Breitfeld. Former top experts from Tesla and Apple join BYTON 'BYTON's core management team combines the R&D and manufacturing experience of traditional premium car making with strengths in digital innovation and technology thanks to our group of talents in automotive design, engineering and manufacturing, electrical powertrain, smart connectivity, autonomous driving, intelligent car experience, supply chain management, marketing, and more,' said Dr. Daniel Kirchert.
'This will serve as a critical guarantee for BYTON's quality growth and development, and differentiation. The additions of Tom Wessner and Jeff Chung further boost BYTON's technological strengths in innovative supply chain management and development of intelligent vehicle user experience.' Tom Wessner is a veteran supply chain expert with more than 30 years of experience in the automotive industry. During his service with Tesla, he established the purchasing and quality functions capable of attracting global suppliers to fuel the rapid growth and success of the Tesla Model S sedan.
His joining the BYTON team further enhances BYTON's cost control capability during product development and production. Jeff Chung is a seasoned global engineering executive and product development leader of innovative products and disruptive technologies in consumer electronics, imaging and networking. While working at Apple, Jeff led system engineering teams in designing multiple Mac products. At BYTON, his engineering team will be dedicated to combining traditional car functions with digital technologies to deliver an intelligent car experience. Strengthening supply chain by joining hands with world's leading automotive parts suppliers BYTON today inked strategic partnerships with Bosch and Faurecia, strengthening its global supply chain. BYTON will mainly work with Bosch on powertrain and braking systems.
BYTON will work with Faurecia on the development and design of advanced interior technologies that takes advantage of the latest technologies in EV architecture, connected user interface and autonomous driving features. Thanks to the strong engineering and innovation capabilities in automotive parts development at Bosch and Faurecia, the partnerships will help power BYTON's vision of changing the future of mobility through technological innovation.
First drivable prototype to debut at CES 2018 The age of the smart vehicle is coming, driven by technological innovations such as electrification, seamless interconnection, and autonomous driving. BYTON is positioning its products as the 'next generation of smart devices for shared mobility and autonomous driving,' and the all-new smart human-vehicle interface is a key feature. It includes a 49 inch by 10 inch large-size screen for shared experience, and a touch steering wheel as well as gesture recognition, facial recognition, and emotion recognition, among others, laying a foundation for truly shared and smart mobility and auto piloting. BYTON plans to launch three models on the same platform in the next five years: an SUV, a sedan and an MPV. The first production SUV model will launch in the fourth quarter of 2019, while the sedan and MPV are scheduled to hit the market in 2021 and 2022, respectively. A critical milestone for BYTON, the brand's first drivable prototype will make its world premiere at CES 2018 in Las Vegas in January 2018.
The coming prototype will offer a smart, safe, enjoyable and eco-friendly driving experience with a groundbreaking design language and vehicle-to-vehicle communication system, showcasing BYTON's innovative car building philosophy and technological capabilities. About BYTON It's not about refining cars. It's about refining life. BYTON aspires to build premium intelligent electric vehicles for the future. I ts crafted cars integrate advanced digital technologies to offer customers a smart, safe, comfortable and eco-friendly driving and mobility experience. BYTON derives its name from the phrase 'Bytes on Wheels,' with 'Bytes' representing the internet and ' W heels' symbolizing automobiles. The convergence of the two words epitomizes the seamless blending of digital technology and automobile manufacturing as well as the positioning of BYTON products as next-generation smart devices.
BYTON aims to create a premium brand rooted in China which has a global reach. Its global headquarters, intelligent manufacturing base and R&D center are located in Nanjing, China, while its N.A Headquarters, devoted to intelligent car experience, autonomous driving, whole vehicle integration and other cutting-edge technologies, is based in the Silicon Valley. The company's vehicle concept and design center is located in Munich.
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BYTON also has offices in Beijing, Shanghai and Hong Kong to handle external affairs, marketing, sales, design and investor relations. BYTON's core management team is made up of the world's top experts from China, Europe and the U.S., all of whom have held senior management positions in such innovative companies as BMW, Tesla, Google and Apple. Their expertise covers automotive design, automotive engineering and manufacturing, electric powertrain, intelligent connectivity, autonomous driving, user interface and supply chain management among other industry sectors, the sum of which represents BYTON's strengths in manufacturing premium automobiles that are equipped with high quality internet technologies. As an innovation-driven startup, BYTON has completed its series A financing. Current shareholders include BYTON's founding team, Harmony Auto, Aulton Investments, League Automotive Technologies, Legend Capital, an industrial investment fund in Jiangsu, China, and Chengtun Group among other investors. Official website.