Cognizant's AI Study Reveals 93% of Jobs Affected by Rapid Changes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Significant AI Impact: Cognizant's study reveals that AI can process $4.5 trillion in U.S. job tasks, potentially affecting 93% of existing positions, highlighting AI's critical role in workforce transformation.
- Human Skills Essential: Despite AI's vast potential, the report emphasizes that human judgment and skills are crucial for unlocking the full value of AI, urging companies to focus on human-machine collaboration to enhance productivity.
- Rapid Adaptation Required: Cognizant points out that businesses must build flexible systems to absorb new AI capabilities and prioritize employee learning and development to translate AI investments into tangible results.
- Future Work Outlook: The report underscores that the true value of AI lies in enhancing employees' creativity and higher-order thinking skills, with new roles expected to emerge to leverage these capabilities, driving business 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: 84.820
Low
78.00
Averages
85.27
High
100.00
Current: 84.820
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.
