Cognizant launches platform to ease enterprise adoption of generative AI

IT services firm Cognizant has announced Cognizant Neuro AI platform to assist enterprises deploy generative AI in a secure, scalable, and responsible manner. 

Cognizant said it has leveraged years of AI research, development, and commercial AI applications to develop this new AI platform. It offers a library of reusable generative AI models, application programming interface (API), development tools, versioning, and access management features. 

The IT firm claims that the new platform can help enterprises identify company-specific use cases for generative AI,  create conversational and generative user experiences, enhance governance and compliance, and embed AI models into fully functional apps that can be deployed across multiple platforms and multi-cloud ecosystems

Previously, Cognizant’s AI teams have offered AI solutions for price optimization, predictive healthcare analytics, and crop science optimization.

“It is fast becoming clear that businesses must embrace AI without delay to remain competitive,” said Prasad Sankaran, EVP of Software and Platform Engineering at Cognizant. 

Sankaran added that the new platform is designed to accelerate the adoption of enterprise scale AI applications and increase ROI potential. 

Anna Elango, EVP of Core Technologies and Insights at Cognizant, noted that enterprises need scalable, flexible, end-to-end tools to accelerate responsible AI adoption. 

“By partnering human expertise, including Cognizant’s deep industry insights, with the power of generative AI, we aim to help our clients catalyze informed decisions and tackle complex business challenges to drive cost efficiencies, resilience and business revenue,” added Elango. 

Several IT firms globally and in India are looking to tap into the growing enterprise interest in ChatGPT and other generative AI platforms. 

For instance, in March, IT consultancy form Accenture announced its new center of excellence (CoE) to focus on generative AI and large language models (LLMs). Accenture said that over 1,600 workers from the company will be part of the CoE where they will develop generative AI solutions for enterprises. 

IT firms' interest in generative AI is also driven by the need to expand revenue opportunities amid the ongoing economic downturn which has led to a slump in discretionary tech spending by enterprises. 

Mint reported last month that due to a slowdown in the banking and financial services sector in the US, the revenue growth for Indian IT firms may drop to mid-single digit in FY24.