Cognizant has unveiled the creation of its new business group, Cognizant Ocean, which focuses on helping clients in the ‘Blue Economy’ apply digital technologies such as AI and data analytics to improve business outcomes, reduce carbon output and decarbonize the oceans.
The new business aims to drive sustainability, efficiency and growth in the Blue Economy including a variety of sectors that operate in and around the world’s oceans, including shipping, marine transportation, offshore oil and gas, marine renewables, aquaculture and marine conservation, among others.
Cognizant Ocean focuses on four industries: blue carbon, to decarbonize the oceans and reduce greenhouse gas emissions; blue energy, referring to harnessing renewable ocean power; blue transport, which aims to develop efficient and sustainable transportation solutions for maritime and coastal activities; and blue food, to promote sustainable and responsible practices in aquaculture and marine food production.
In addition to this new business group, Cognizant has also entered into a partnership with Tidal, a project inside X, Alphabet’s Moonshot Factory, to make Tidal’s ocean information platform widely available to the aquaculture market.
“Businesses that rely on a healthy ocean for their livelihood are facing unprecedented challenges because of climate change and over-exploitation on their industry. We created Cognizant Ocean to combine our deep expertise in digital transformation with our understanding of the unique dynamics of ocean industries to deliver solutions that simultaneously improve business outcomes and reduce carbon output,” said Rob Walker, president of global growth markets, Cognizant. “Together with Cognizant Ocean, our clients can help their businesses become more resilient and future-proof while also becoming part of the solution to one of humanity’s biggest problems – making the oceans healthier.”
Speaking of the new partnership, Tidal founder and CEO, Neil Davé, said: “To preserve ocean health, we need to take an innovation-driven and collaborative approach with aquaculture companies and other businesses that make their living on and in the ocean.
“Through our collaboration with Cognizant, we hope to build on our initial success in the Norwegian aquaculture industry, and eventually expand to other sectors of the Blue Economy to make a meaningful impact in ocean health and global decarbonization.”
