Escorts, Cognizant ink business transformation deal

New Delhi, June 24 (IANS) Engineering conglomerate Escorts Limited has forged a multi-year deal with IT giant Cognizant to modernize its technology for attaining digital transformation of its businesses, a press release said on Wednesday.

The deal aims to deliver innovative products, provide superior customer experience and drive growth in its businesses ranging from agri-machinery, material handling, construction equipment, railway equipment to auto components, the release added.

“This partnership will help us bring our businesses in line with global industry benchmarks and increase our ability to develop future-ready products based on digital and other cutting-edge technologies,” said Nikhil Nanda, managing director, Escorts Ltd.

Congnizant will empower Escorts to optimize control and collaboration across it value chain by mobile-enabling its workforce and integrating multiple systems used by vendors, sales partners, and customers, the release added.

As a result, Escorts will improve product quality and offer a whole range of customized, configurable, and value-added products and services and thereby strengthening existing customer relationships and building new ones.

Congnizant will establish a Transformation Office for Escorts to adopt adaptive production lines, execute demand based manufacturing practices and develop new digital capabilities in areas such as mobility, analytics, cloud, telematics and machine-to-machine communication.

“By developing new collaborative and real-time capabilities straddling shop floor and supply chain, Escorts will be able to drive transformation across products, people, processes and infrastructure,” said R. Chandrasekaran, executive vice chairman, Cognizant.

The partnership will complement traditional channels with digitals ones and better align Escorts manufacturing and business strategies and expand into newer geographies, the release added.

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