Cognizant Study Reveals AI Affects 93% of Jobs with $4.5 Trillion Potential
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
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Source: PRnewswire
- Accelerated AI Impact: Cognizant's latest research indicates that AI can now handle $4.5 trillion in U.S. work tasks, affecting 93% of jobs, highlighting the urgent need for businesses to adapt quickly to leverage AI's productivity potential.
- Importance of Human Skills: Despite AI's vast potential, the report emphasizes that human judgment and skills are essential for realizing AI's value, urging companies to prioritize employee training to ensure effective application and maximize returns from AI technologies.
- Capital Inflow and Tech Integration: Cognizant CEO Ravi Kumar S notes that the rapid adoption of AI technologies is reshaping workplaces, and businesses must convert investments into tangible results by integrating contextual intelligence and flexible systems to accommodate new capabilities.
- Evolution of Future Job Roles: As AI becomes more prevalent, new job roles will emerge, and companies need to enhance their workforce's digital fluency and adaptability to seize these opportunities, thereby driving business innovation and transformation.
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.
