Cognizant Releases AI Impact Report: 93% of Jobs Affected
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Scope of AI Impact: Cognizant's latest study reveals that artificial intelligence (AI) can take over tasks worth $4.5 trillion, potentially affecting 93% of existing jobs, indicating the growing significance of AI in future work environments.
- Human Factor Critical: Despite AI's vast potential, the report emphasizes that human judgment and skills remain crucial, and companies must integrate human intelligence with AI technology to maximize productivity.
- Need for Skills Training: Cognizant highlights that employee digital skills and adaptability are the bridge to realizing returns on AI investments, urging companies to prioritize learning and development to tackle future work challenges.
- Future Job Changes: As AI becomes more prevalent, new job roles will emerge, and companies must adapt flexibly to these changes to ensure competitiveness in a rapidly evolving market.
Analyst Views on CTSH
Wall Street analysts forecast CTSH stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CTSH is 85.27 USD with a low forecast of 78.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
6 Buy
8 Hold
0 Sell
Moderate Buy
Current: 86.700
Low
78.00
Averages
85.27
High
100.00
Current: 86.700
Low
78.00
Averages
85.27
High
100.00
About CTSH
Cognizant Technology Solutions Corporation engineers modern businesses. Its services include artificial intelligence (AI) and other technology services and solutions, consulting, application development, systems integration, quality engineering and assurance, application maintenance, infrastructure and security as well as business process services and automation. Its segments include Health Sciences (HS), Financial Services (FS), Products and Resources (P&R), and Communications, Media and Technology (CMT). HS segment consists of healthcare providers and payers, and life sciences companies. FS segment includes banking, capital markets, payments and insurance companies. P&R segment includes manufacturers, automakers, retailers, consumer goods companies, and travel and hospitality companies, as well as businesses providing logistics, energy and utility services. CMT segment includes global communications, media and entertainment, education, information services and technology companies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
