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CHENNAI: A new study by Cognizant Technology Solutions shows that on an average, 12 per cent of business software applications in most large enterprises are redundant and can be either consolidated or eliminated.

The study, which was released on Monday, also shows that Cognizant's customers across its industry practices in insurance, financial services, healthcare and media have reduced their information technology maintenance costs by a 30 per cent to 40 per cent, after using the `portfolio analysis service' of the company and leveraging Cognizant's offshore capabilities.

Clients saved an average of 12 per cent even before moving applications management offshore by using Cognizant's portfolio analysis service to develop and implement a strategy for streamlining their systems, says a company release from Cognizant, provider of IT services.

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