Cognizant Technology Solutions has acquired UK-based privately-held consultancy Inawisdom, which specialises in artificial intelligence (AI), machine learning (ML) and data analytics, according to a statement.
The company, however, did not disclose the financial details of the acquisition.
This is Cognizant’s ninth acquisition in 2020 for expanding capabilities for its clients worldwide in the key focus areas of data and AI, cloud, digital engineering and the Internet of Things (IoT).
As per the statement, Cognizant has invested over $1.1 billion this year alone for acquisitions in these areas.
Inawisdom focuses on delivering cloud-native, full-stack solutions leveraging proven consulting methodologies and an analytics and ML platform built using Amazon Web Services (AWS). It 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 own 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. Inawisdom’s clients include businesses in a broad range of industry sectors throughout Europe and the Middle East, the statement said.