Cognizant Study: AI Affects 93% of Jobs, Potential Value of $4.5 Trillion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Accelerated AI Impact: Cognizant's research indicates that AI can now handle $4.5 trillion in U.S. work tasks, potentially affecting 93% of jobs, highlighting the urgent need for businesses to adapt quickly to leverage AI's productivity benefits.
- Human Involvement is Key: Despite the extensive application of AI, the report emphasizes that human judgment and skills remain critical, necessitating a blend of human intelligence and AI technology to fully unlock AI's potential value and ensure effective integration of technology and human resources.
- Rising Exposure Scores: The study reveals that the average exposure score across jobs is now 39%, which is 30% higher than the original forecast for 2032, indicating that more tasks can be assisted or automated by AI, prompting businesses to adjust their strategies accordingly.
- Flexible Operating Models: The report notes that AI cannot fully replace over 40% of management and administrative tasks, urging companies to create flexible operating models that can adapt to evolving AI capabilities while prioritizing continuous employee learning for long-term growth.
Analyst Views on CTSH
Wall Street analysts forecast CTSH stock price to rise 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: 84.470
Low
78.00
Averages
85.27
High
100.00
Current: 84.470
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.
