Wharton Infosys Business Transformation Awards Salute Global 2000 Enterprises and Individuals
Capital One, Warner Home Video, GreenPoint Mortgage, NTT DoCoMo, National Stock Exchange of India and Schlumberger Among Winners
NEW YORK, May 21, 2002: Infosys (Nasdaq: INFY) and the Wharton School of the University of Pennsylvania today announced the winners of the inaugural Wharton Infosys Business Transformation Awards. The awards recognize Global 2000 organizations and leading visionaries who have revolutionized their business or industry through the creative application of technology in three categories: Organization - wide Transformation, Initiative - led Transformation and Technology Change Leader.
North American winners were presented awards at the Waldorf - Astoria Hotel in New York. The winners in the Europe and Asia - Pacific category were felicitated and presented the awards at the Wharton - INSEAD Economic Forum at the Chateau de Versailles in France on May 16, which was attended by more than 350 people.
Capital One received the North America award in the Organization - wide Transformation category for transforming the credit card industry through its Information Based Strategy, which uniquely integrates different aspects of its IT, operations and marketing functions for comparative advantage. "Capital One has successfully demonstrated how enterprises can use creative and practical technology to reduce risk and make not just themselves but their entire sector more efficient," said Esther Dyson, chairman of EDventure Holdings and Wharton Infosys Business Transformation Award panelist, while announcing the winner.
National Stock Exchange of India Limited (NSE) won the award in the Organization - wide Transformation category for the Europe and Asia Pacific region for harnessing technology to create a world - class exchange and using it as an instrument of change for the industry as a whole. NSE pioneered the use of parallel computation coupled with cutting edge financial economics in real - time risk management. "National Stock Exchange of India has successfully demonstrated how enterprises supported by creative use of technology can revolutionize the growth of an industry," said Sir Paul Judge, corporate leader, political luminary and Wharton Infosys Business Transformation Award panelist, while announcing the winner.
Within the best Initiative - led Transformation category, GreenPoint Mortgage won the award for North America. Utilizing new technologies, GreenPoint captured new business and reduced the cost of existing business processes, making them the model wholesale mortgage origination company. Announcing the award, Dr. Harbir Singh, co - director of the William and Phyllis Mack Center for Technological Innovation, Professor in Wharton's Management Department and Wharton Infosys Business Transformation Award panelist, said, "This project exemplifies the highly effective transformation of an organization through technological innovation, resulting in significant improvements in its competitive position."
For best Initiative - led Transformation in Europe and Asia Pacific, Schlumberger Oilfield Services won the award for innovative and large - scale use of technology to provide technical solutions to satisfy its customers' every changing need and environment. Schlumberger's InTouch program demonstrates the use of technology for knowledge management and technical support, touching the lives of employees and customers, wherever they are. Announcing the award, David Boyles, chief operating officer, Australia and New Zealand Banking Group (ANZ) and Wharton Infosys Business Transformation Award panelist, said, "This project exemplifies the positive impact of technology on organizational excellence and in gaining market share."
In the Technology Change Leader category for North America, Warren Lieberfarb, president of Warner Home Video, U. S., was the winner for driving the creation and adoption of the DVD, and rejuvenating the home video industry. Convinced the future was digital, he led the movement for developing high - quality movies on CDs. Commenting on this achievement, N. R. Narayana Murthy, chairman and chief mentor, Infosys Technologies Ltd. and Wharton Infosys Business Transformation Award panelist, said, "Warren's vision was vital for leading a coalition of industries toward a product that now realizes consumer expenditures of $10 billion."
Takeshi Natsuno, managing director, i - Mode Strategy, NTT DoCoMo, Japan was presented the Technology Change Leader award in the individual category for Europe and Asia Pacific for driving the i - mode initiative, the world's biggest wireless Internet service that generated more than 32 million new subscribers. Commenting on this achievement, Dyson said," Natsuno - san's initiatives are a testimony to the power of one individual's vision and aspiration, transformed into reality through technology."
Applications were judged by a panel of eminent thought leaders including Harbir Singh, co - director of the William and Phyllis Mack Center for Technological Innovation at the Wharton School of the University of Pennsylvania; N. R. Narayana Murthy, chairman and chief mentor, Infosys Technologies Ltd. ; Patricia B. Morrison, CIO of Office Depot; Michael Eskew, chairman and CEO of United Parcel Service; Sir Paul Judge, corporate leader and political luminary; David Boyles, chief operating officer, Australia and New Zealand Banking Group (ANZ); and Esther Dyson, chairman of EDventure Holdings.
"The Wharton Infosys Business Transformation Award salutes companies and individuals who use technology to transform their businesses and set new trends in the industry," said Murthy, speaking at the gala award ceremony in New York. "The fact that we received applications from all parts of the world demonstrates that technology as a business driver is a global reality."
"As a leader in the field of business education, the Wharton School is deeply interested in the impact of technology on business," said Patrick Harker, dean of the Wharton School. "Judging by the response received, we are convinced about the positive impact of technology enabled business transformation on the global community," he added.
More details on the jury and selection criteria are available at www.infosys.com/wibta