Cognizant acquires AI, ML services firm Inawisdom

Bengaluru: Cognizant has acquired Inawisdom, a UK-based consultancy that specializes in artificial intelligence, machine learning, and data analytics led services.

Inawisdom focuses on delivering cloud-native, full-stack solutions leveraging proven consulting methodologies and an analytics and machine learning platform built using Amazon Web Services (AWS).

Inawisdom marks Cognizant’s ninth acquisition in 2020 to expand capabilities for clients globally in the key focus areas of data and artificial intelligence, cloud, digital engineering, and internet of things, said the company in a press release.

Cognizant has invested more than $1.1 billion this year alone for acquisitions in these areas.

“Businesses succeed or fail by the speed and quality of their decisions, and the best business decisions are informed by data and AI. Cognizant and Inawisdom’s clients will benefit from our shared, deep relationships with AWS and our combined expertise with AI, machine learning, cloud, and data analytics,” Malcolm Frank, President, Digital Business, Cognizant, was quoted saying.

Inawisdom has developed the Rapid Analytics and Machine Learning Platform (RAMP) based on AWS cloud technology to provide a continually evolving and reusable code repository and accelerate AI-driven business outcomes.

Using RAMP, coupled with its agile consulting approach, Inawisdom helps clients across multiple use cases from enhancing supply chain efficiency to improving customer service and reducing operating costs, often achieving results within weeks, said Cognizant.

Inawisdom’s customers include businesses in a broad range of industry sectors across Europe and the Middle East.

“Our combined strength will further support customers in embedding data-driven decision-making into their organization, increasing their speed to business value and long-term market differentiation,” Neil Miles, chief executive officer, Inawisdom, was quoted saying.

Cognizant acquires AI, ML services firm Inawisdom Cognizant acquires AI, ML services firm Inawisdom Reviewed by TechCO on 12/22/2020 Rating: 5

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