Cognizant's Bluebolt Program Delivers More Than $150M in Estimated Annualized Cost Savings for Enterprises

In This Article:

Cognizant associates have submitted more than 130K ideas via Bluebolt, a grassroots innovation program launched a year ago; more than 23K ideas have been implemented with clients

More than 220K associates are trained on Bluebolt, of which 93K are trained on design thinking

TEANECK, N.J., April 25, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading global technology company, has driven more than $150 million in estimated annualized cost savings across more than 1,100 client implementations via its Bluebolt grassroots innovation program, which launched a year ago in April 2023. Building on a decade of focus on innovation, Cognizant introduced Bluebolt to empower its global associates to devise and submit ideas – large and small – with the goal of advancing clients' success. In that time, Cognizant has seen a surge in participation from its associates worldwide, with more than 130,000 ideas submitted to date, more than 23,000 ideas implemented and more than 8,000 related projects in progress with clients.

New Cognizant Logo (PRNewsfoto/Cognizant)
New Cognizant Logo (PRNewsfoto/Cognizant)

Amidst the growing volume of proactive ideation, junior-level employees have emerged as the engine driving Bluebolt's innovations, with about 65 percent of ideas implemented with clients coming from those associates. Overall, 220,000 Cognizant associates have been trained on Bluebolt, of which 93,000 have been trained on design thinking specifically.

To date, across industries, Cognizant clients in the Manufacturing/Logistics/Energy/Utilities, Insurance, and Banking and Financial Services sectors have implemented the most Bluebolt ideas. Last year, Cognizant augmented the Bluebolt program with "Bluebolt Garage," a program that capitalizes on the company's bench capacity and entry-level talent to rapidly convert ideas to prototypes or Minimum Viable Products (MVPs) for clients. The Garage is equipped with tools and accelerators for rapid development. The Garage also provides the opportunity for employees who are transitioning between projects to stay actively engaged and to build new skills while developing MVPs.

Cognizant's Bluebolt program aims to keep clients on the cutting edge of business transformation proactively through ideation and collaboration – a growing need as they grapple with harnessing emerging technologies like Generative Artificial Intelligence (Gen AI) to drive new value. Recent research has shown that more than half (66 percent) of executives are ambivalent or dissatisfied with their company's progress on AI and Gen AI. Yet the business opportunity remains significant – a study by Cognizant and Oxford Economics found that Gen AI could inject up to $1 trillion into the U.S. economy by 2032.