The companies will build an integration roadmap between Cognizant’s TriZetto healthcare products with Microsoft Cloud for Healthcare…reports Asian Lite News
IT major Cognizant on Saturday announced to expand healthcare collaboration with tech giant Microsoft to bring Cloud-based technology solutions to the growing healthcare market.
The companies will build an integration roadmap between Cognizant’s TriZetto healthcare products with Microsoft Cloud for Healthcare.
“Through our strategic partnership with Microsoft and building on our advanced TriZetto healthcare solutions, we are empowering clients to adapt to shifting market trends, regulatory changes, and operational demands,” said Surya Gummadi, EVP and President, Cognizant Americas.
The companies will also collaborate to develop and run Cognizant’s current and future healthcare SaaS solutions on Microsoft Azure, migrate new and existing clients from on premises environments to streamlined functions managed on the Microsoft Cloud, and support future technologies.
“TriZetto customers can harness the innovative features and capabilities across the entire Microsoft Cloud, empowering them to unlock growth, tap into new revenue streams, and transition their existing services to the cloud,” said Tom McGuinness, Corporate Vice President, Global Healthcare & Life Sciences, Microsoft.
TriZetto offers a portfolio of software solutions that help organisations enhance revenue growth, drive administrative efficiency, improve cost and quality of care, and improve the member and patient experience.
Microsoft Cloud for Healthcare brings together capabilities for customers and partners to enrich patient engagement, connect caregiving teams, and improve collaboration, decision-making and operational efficiencies.
Meanwhile, the Public Cloud services market in the Asia-Pacific region is likely to reach $153.6 billion in 2026, a report has shown.
IDC expects the Asia/Pacific excluding Japan (APeJ) Public Cloud market will grow at a year-over-year (YoY) rate in 2022 at 25.9 per cent in comparison to 36.3 per cent in 2021, as cloud migration continues to accelerate.
However, the YoY growth rates will slow down, beginning from 2023 with a YoY growth of 24.1 per cent, to 21.4 per cent in 2026.
“Organisations in the APeJ region are progressing their cloud adoption along the advancements offered by the cloud market segment. Organisations will continue to invest in these adjacent technologies to enhance their customer experience and business outcomes,” said Shahnawas Latiff, Research Manager, Cloud Services, IDC Asia/Pacific.
Infrastructure as a service (IaaS) will achieve a market value of $65.6 billion and make up 42.7 per cent of the Asia/Pacific Public Cloud services market in 2026.
Platform as a service (PaaS) will reach a market value of $29.8 billion, contributing to 19.4 per cent of the market.
Software as a service (SaaS) will grow almost more than double from $22.9 billion in 2021 to $58.1 billion in 2026, contributing to 37.8 per cent of the entire Asia/Pacific Public Cloud market market, said the report.
“SaaS growth is attributed to organisations who want to streamline their operations and process by transforming their applications into scalable modules,” it added.