Courage Defines 2011 IT Project Awards

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The willingness to embrace new technology and methods are traits prominently featured among this year's prestigious CIO Asia CIO Awards winners. The winners - selected by a panel of independent judges from a 'Roll of Honour' short list, the CIO 100 2011 Index - are Singapore's Land Transport Authority (LTA), Standard Chartered Bank, and three companies from India; Mahindra and Mahindra Financial Services (Mahindra Finance), Marico and RedBus.in.

The willingness to embrace new technology and methods are traits prominently featured among this year's prestigious CIO Asia CIO Awards winners.

The winners - selected by a panel of independent judges from a 'Roll of Honour' short list, the CIO 100 2011 Index - are Singapore's Land Transport Authority (LTA), Standard Chartered Bank, and three companies from India; Mahindra and Mahindra Financial Services (Mahindra Finance), Marico and RedBus.in.

The judging panel was impressed by Mahindra Finance, Marico and Standard Chartered, all who were willing to experiment and introduce mobile devices as well as applications to their business. RedBus.in scored points when it bravely moved its traditional and paper-based business completely onto the public cloud, while LTA's unique adoption of analytics to help in strategic urban transport planning received kudos from the judges.

The annual CIO 100 index, coordinated by leading regional enterprise IT magazine CIO Asia, published by Fairfax Business Media Asia, recognises regional enterprises and organisations that have excelled through creative and innovative IT projects in the past 12 months.

Here are the CIO 2011 Award winning projects:

  • Mahindra and Mahindra Financial Services (India) - 'Biz Connect': This US$14.4 million 'Biz Connect' project combined technology including unified communications, RFID, green IT and biometrics, enabling financial services to be delivered to remote towns and rural villages via officers toting a hand-held GPRS - GSM based business device.
  • Marico (India): A comprehensive upgrade of this global beauty and wellness products company's IT platform created strategic benefits across the company's entire value chain in the fast moving consumer good industry.
  • RedBus.in (India): This private inter-city bus operator moved its entire business onto the cloud to facilitate and drive its growth.
  • Land Transport Authority (LTA) (Singapore): The PLANET (Planning for Land Transport Network) project is a data warehousing initiative designed to carry out advanced predictive algorithms of travelling patterns in Singapore whether by car, bus or train and the impact of traffic analytics on commuting.
  • Standard Chartered Bank (Singapore): The bank introduced new mobile capabilities that include switching to iPhone as corporate device and creation of iPhone apps that serve internal users and customers.

The eleventh annual CIO 100 Index and CIO Awards were announced and presented in Singapore on 8 March, at the day-long CIO Asia magazine Conference and Awards ceremony at Singapore's Fairmont Hotel. The award winners will be profiled in CIO Asia magazine's April-May 2011 edition, due to hit desks in the second week of April.

Fairfax Business Media Asia Managing Editor and Editor of CIO Asia magazine, Ross O. Storey, said the latest CIO Award winners have demonstrated that they have broken new ground by using IT systems, initiatives and projects to provide added value to their customers and organisations.

"Our 2010 CIO award winners have been selected as prime examples and role models for how to effectively use ICT to generate competitive advantage," Storey said. "Our independent judges have selected them because the firms made exemplary use of technology to derive strategic value and maximum returns for their businesses."

The expert panel of experts judged all entries, based on the details provided, relating to best practice, in areas including knowledge management, e-business innovation, people management, and value chain excellence. Other criteria included customer service, security, resourcing, cost management and quantifying IT value.

About CIO Asia Magazine - This respected magazine links CIOs and senior executives with business strategy and technology innovation. It builds the IT business case for the highest-level members of the executive suite, and is aimed at the C-level leader who needs to know the business essentials of IT, with enough technical information for informed decision-making. CIO Asia magazine gives the budget proposers (for example, the CIO) the means to drive strategy and the budget gatekeepers (such as the CFO and CEO) the means to judge its value.

About Fairfax Business Media Asia - Fairfax Business Media (FBM), a Fairfax Media company, publishes market leading technology, business and finance titles. In Asia, these include CIO Asia, MIS Asia, Computerworld Singapore and Computerworld Malaysia. In Australia, FBM's stable of publications includes The Australian Financial Review, BRW, CFO, MIS and AFR Smart Investor.

For inquiries on the CIO Index and CIO Awards contact:
Jack Loo - Tel: +65 6395 8062

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