Enterprise maturity, also known as organizational maturity or business maturity, is a concept that measures the level of expertise and amount of development of an organization's several operational components. It is an estimate of how effectively a business can plan, perform, monitor, optimize, and improve its procedures, policies, and systems to meet its objectives and adjust to changing conditions. It consists of 4 progressive stages, they are Business Silos, Standard Technology, Optimized Core, and Business Modularity.
Cognizant will come under the Optimized core maturity model because of its diversified outcomes and managerial Practices. The Optimized Core stage, as its name indicates, comprises digitizing key business operations into the foundation for execution. The vital management procedures in Optimized Core ensure that senior management is designing the foundation's operations and providing ongoing leadership to maintain and develop the foundation's capabilities. The factors that influence the Enterprise maturity are:
Reduced IT expenditure: IT operations Unit cost and applications maintenance, IT Responsibilities, and Increased Management Satisfaction.
Improved Risk Management: Reduced Business Risk, Increased Disaster Tolerance and Reduced Security Breaches, Enhanced Strategy Business outcomes: Better Operational excellence, More customer intimacy, Greater product leadership, and More Strategic Agility by considering the above factors Cognizant provides solutions and consulting services to assist firms in improving their core IT services and overall business maturity. For companies to be more competitive and agile in the digital age, this may include a combination of technology adoption, process optimization, and organizational change.Â