Healthcare to consumer goods manufacturer Royal Philips Electronics has struck a deal with Cognizant as a strategic partner to help it rationalise its IT infrastructure. Cognizant will supply the manufacturing giant with a range of consulting and application services to consolidate systems to a managed service that supports multiple business units. Although the details of the strategy were not explained in the announcement, the companies said the move was intended to help Philips cut IT infrastructure costs, obtain deeper visibility into its demand chain by giving a real-time insight into business performance, so that it can respond more effectively to the needs of its markets. Last October, the company cut its IT workforce by 4,000 amid falls in profits. At the time it pledged to save £699m in part through savings in IT costs. In a statement, Philips CIO and Executive VP Jeroen Tas said: In implementing a paradigm shift in our IT delivery model, [we] will create solutions that enable Philips to capitalize on business opportunities, and win in the marketplace. By optimising the speed, cost and quality of our value chain, we are confident of further strengthening the trusted Philips brand globally and delivering ever greater innovation.” Cognizant has a history of supporting global manufacturing IT projects. Last November, it won a large programming and reporting outourcing deal with pharmaceutical giant AstraZeneca. Related content brandpost The steep cost of a poor data management strategy Without a data management strategy, organizations stall digital progress, often putting their business trajectory at risk. Here’s how to move forward. By Jay Limbasiya, Global AI, Analytics, & Data Management Business Development, Unstructured Data Solutions, Dell Technologies Jun 09, 2023 6 mins Data Management feature How Capital One delivers data governance at scale With hundreds of petabytes of data in operation, the bank has adopted a hybrid model and a ‘sloped governance’ framework to ensure its lines of business get the data they need in real-time. By Thor Olavsrud Jun 09, 2023 6 mins Data Governance Data Management feature Assessing the business risk of AI bias The lengths to which AI can be biased are still being understood. The potential damage is, therefore, a big priority as companies increasingly use various AI tools for decision-making. By Karin Lindstrom Jun 09, 2023 4 mins CIO Artificial Intelligence IT Leadership brandpost Rebalancing through Recalibration: CIOs Operationalizing Pandemic-era Innovation By Kamal Nath, CEO, Sify Technologies Jun 08, 2023 6 mins CIO Digital Transformation Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe