The deal, which the companies describe as multi-year, multi-million-dollar deal, will help customers modernise and implement digital technologies to boost competitiveness, profitability and return on capital.
The deal will entail collaboration between AVEVA, a company which applies expertise in engineering and industrial software driving digital transformation across the entire asset and operations life cycle of capital-intensive industries and Cognizant. The purpose: To design and build a wide range of complex engineering and industrial software. The products will span the entire engineering lifecycle, including simulations, design, construction, commissioning, planning, operations management, monitoring and control, as well as performance optimization. Using scaled agile development methodologies and best practices, Cognizant experts will collaborate with AVEVA to accelerate time-to-market for the new software.
This latest engagement expands a 10-year relationship between the two companies, during which time they have collaborated on several innovative industry-specific solutions for customers in the oil and gas, chemicals, power and utilities, food and beverage, infrastructure and other sectors.
“Our industrial software portfolio is the result of years of industry-leading innovation and business alignment with customers worldwide,” said Andrew McCloskey, Chief Technology Officer and Executive Vice President of Research and Development at AVEVA. “Digitally transforming the engineering, operations and asset lifecycle is key for our customers to compete globally, drive growth and gain competitive advantage. Cognizant’s global presence, high-end experts, robust delivery framework, and culture of innovation complement our vision for digital transformation.”
“Industry 4.0 is here and is now transforming the world of manufacturing. As AVEVA’s largest R&D partner, our expanded collaboration will help customers accelerate their Industry 4.0 journey and transform into a ‘connected enterprise’ with greater reliability, efficiency and safety across their value chain,” said Rajaram Radhakrishnan, Global Head for Manufacturing, Logistics, Energy and Utilities at Cognizant. “As information and operational technologies converge, the combination of Cognizant’s digital capabilities and AVEVA’s deep domain expertise will strengthen our best-in-class solutions, and create new market opportunities. Cognizant and are uniquely positioned to innovate on reliable, cost-effective and easy-to-use products that transform core processes, plant engineering, and plant operations.”