A recent announcement by Cognizant (Nasdaq: CTSH) stated that it is had created a new business group, Cognizant® Ocean, which would focus on helping clients in the “Blue Economy” to apply digital technologies, such as AI and data analytics, with a view to improving their business outcomes, reducing their carbon output and decarbonizing the oceans.
The aim of Cognizant Ocean is to drive efficiency, sustainability, and growth in the Blue Economy. This encompasses a wide range of sectors that operate in and around the world’s oceans, which include marine transportation, shipping, offshore oil and gas, marine renewables, marine conservation an aquaculture among others. These industries play a vital role in the global economy since they provide various goods and services. They also however, face significant challenges related to climate change, sustainability and environmental impact.
Rob Walker, President of Global Growth Markets, Cognizant, said that Businesses that rely on a healthy ocean for their livelihood are facing unprecedented challenges. These are on account of climate change and over-exploitation on their industry. He added that they created Cognizant Ocean to combine their deep expertise in digital transformation with their understanding of the unique dynamics of ocean industries to deliver solutions that would simultaneously improve business outcomes and reduce carbon output. Their clients could in collaboration with Cognizant Ocean, help their businesses become more resilient and future-proof. This would also make them part of the solution of one of the biggest problems that humanity was faced with – that of making the oceans healthier.
The four key industries that Cognizant Ocean focuses on are : Blue Carbon, Blue Energy, Blue Transport, and Blue Food.
Decarbonizing the oceans, and this involves reducing greenhouse gas emissions, mitigating climate change impacts, and promoting sustainable practices in the ocean industries will be the focus of Blue Carbon.
Harnessing renewable ocean power, including offshore wind, tidal energy, and wave energy will be the focus on Blue Energy.
Developing efficient and sustainable transportation solutions for maritime and coastal activities, as well as ocean liners will be the aim of Blue Transport.
Promoting sustainable and responsible practices in marine food production and aquaculture will be the objectives of Blue Food.
The company also announced a new partnership as part of the introduction of Cognizant Ocean that would start with Blue Food industry and aim at helping the acceleration of decarbonization,
# Cognizant Ocean # Cognizant # Rob Walker # Blue Economy #Climate Change # Ocean Industries