Making the Transition to Industry 4.0

How do executives around the world use AI to power business success? We commissioned Oxford Economics to conduct a study of 4,000 C-suite and senior executives. These are the five themes that emerged from the research and analysis.

While the coronavirus lever is a tragic one, it’s a lever nonetheless – one that’s prompting businesses to solve problems that affect people’s everyday lives. Here are some examples of IoT applications within manufacturing, goods delivery and employee safety.

A new study by Forrester points to the potential of strategic enterprise IoT to transform operations and boost performance. Learn more about the key findings.

While many enterprise leaders are well aware of the benefits and potential of Industry 4.0, they may struggle with rolling out their company’s digital transformation. The larger an organization, the more challenging it can be to get started. Below we identify the most common barriers, and we explain how manufacturers can move forward.

The full promise of a smart, connected industrial enterprise cannot be realized with disconnected, dysfunctional processes. This is how Cognizant helped three manufacturers lay the digital foundation to lower costs, boost revenues and enable market agility.

Accounts payable processes are excellent candidates for automation. Reengineered processes, combined with AI and intelligent automation, can minimize costs, create efficiencies and improve compliance. These are the three key levers needed to succeed.

Global businesses are experiencing major disruptions driven by digitalization, and the HR departments are at the front line. What will HR of the future look like? Will operational tasks to be taken over by robots? How can outsourcing of HR processes empower a more strategic approach? Download our whitepaper with a focus on HR in the Nordics.

More businesses are moving to the cloud, especially so due to the new landscape shaped by Covid. However, concerns about complexity and security are slowing down cloud migration. With these six parameters, enterprises can ensure they orchestrate an effective and accelerated cloud migration.

Often overlooked, the O2C cycle is an opportunity to reduce costs and working capital requirements. We explain how AI can be infused in the cycle to enable better decisions, drive automation, and reduce exceptions.

How can artificial intelligence (AI) improve supply chains? Watch this video where Aurelio D’Inverno, who is leading the AI and analytics practice for Cognizant Europe, describes four areas where AI, machine learning and natural language processing can be used to improve forecasting, inventory management and responsiveness.

Why are AI projects failing so often? According to Aurelio D’Inverno, who is leading the AI and analytics practice for Cognizant Europe, it has to do with traditional development approaches where the IT and the business side don’t always correspond. The POD approach, with its multi-disciplinary teams, short sprints, and constant measuring, offers a more agil methodology. Learn more in this video.

How do you start your supply chain transformation journey? Learn about what could be your first step: a joint Microsoft/Cognizant workshop where we look at your particular situation and identifies immediate actions. Aurelio D’Inverno, who is leading the AI and analytics practice for Cognizant Europe, explains more in this video.

How are companies resolving business problems with data and AI? Currently, we see many customers taking proactive steps, according to Anoop Sharma who is leading Cognizant’s Data and Analytics practice in the Nordics. They use real-time data capturing and AI to understand their clients, to improve interactions and prevent churn, but also to cross-sell and cut costs. Watch video to learn more.

How are companies adopting data and AI to solve problems in post-Covid world? We see that our clients focus on a two-front agenda: understanding end-consumers better to improve their experience and applying operational intelligence to improve processes, get responsiveness, and identify opportunities? Watch this video with Anoop Sharma, who is leading Cognizant’s Data and Analytics practice in the Nordics.

Watch this video with Anoop Sharma, who is leading Cognizant’s Data and Analytics practice in the Nordics, as he shares his experience from three Nordic companies that are using data and AI to solve complex business problems.

The rise of digital finance capabilities enables finance and accounting (F&A) data to be leveraged in new, valuable ways. Levers like smart analytics, intelligent automation, and experience design can realize real-time enhancement of company-wide operations and smoother execution of business strategies. Learn the essential steps to take and get examples from our clients’ F&A functions.