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Home > Event

The CIO Oscars
Continued from page: 2

Monday, September 17, 2007

"If you have the vision and you have the ability to execute, but you dont have the courage to execute, that doesnt get you very far, either. Thats the third tip of the diamond. It requires having to deal with ambiguity, having the confidence.

He gave Hitlers example as a leader having the first three qualities, but missing the fourth. It is said that before he died, Hitler said he was too kind. "Thats the fourth tiphaving integrity, ethics, stewardship, developing others, and how to handle power," Arora added.

Pioneer Award
Individual Category

Suresh A Shanmugam
national head, Information Systems and Technology, Mahindra & Mahindra Financial Services
This non-banking finance company, focused on the rural and semi-urban sector, won the award for having used mobile devices over a Linux platform to reach remote locations. The company provides finance for utility vehicles, tractors and cars, and has a large network of branches spread across the length and breadth of India. To be able to link all these branches with the head office, the IT department fashioned applications based on the mobile platform. Mainly used for collection purposes, the Internet-enabled device enhanced customer service and productivity of field staff to a great extent.

Contenders: Punjab National Bank, Torrent Pharmaceuticals, Mahindra & Mahindra Financial Services, SBI Life Insurance and Fortis Healthcare

Advocate Award
Individual Category

Murali G
senior VP & head IT, SBI Life Insurance
SBI Life, a JV between State Bank of India and Cardif SA of France, best showcased advocating the use of IT. SBI Life Insurance is registered with an authorized capital of Rs 1,000 crore and a paid up capital of Rs 500 crore. To aid the business, Muralis team set about bringing in change, namely in areas like scanning proposals, data entry, online policy issuance and printing. SBI Life also involved delivery coordination using multi-disciplinary teams and third-party service providers. With an effective combination of centralized and de-centralized processing, and the strategic use of an outsourcing partner, the company made optimum usage of the branch staff, reducing infrastructure and manpower requirements. "We did not want to re-create the IT solutions that other insurance companies were already having. That is where we designed our overall strategy. We took both a reactive as well as proactive strategy that would fit short-term and long-term at the same time. Today we are selling insurance policies from SBI branches across India with a faster market speed. From the seventh largest insurance player, we have climbed up to the third largest player who is profitable too. A great portion of this growth came from IT," said Murali.

Contenders: The Oriental Insurance, SBI Life Insurance, Punjab National Bank, Philips Lighting and Development Credit Bank

There are aspects of being a leader that can be taught in a business school. However, a business school is not going to teach you courage. The ethics part is perhaps something people can work on over time. Finally, vision is something like when sometimes you wake up and realize "thats what I want to do."

A good leadership diamond would create someone with a visionforward thinking and creative; executionwell informed, result oriented; attention to detail; courageability to stand alone; free and responsible; and ethicssomebody who values people, team player, principled, a good communicator, and a moral compass.

Innovator Award
Individual Category

G Radhakrishna Pillai
CIO, SRL Ranbaxy
The recipient of the Innovator award is a market leader in the field of lab medicine, corporate health checkup and clinical trials in India and Southeast Asia. SRL Ranbaxy automated its equipment testing process by bi-directionally interfacing testing equipment with the centralized lab information management system (CLIMS) to reduce manual intervention. This resulted in tremendous improvement in turnaround time, productivity and accuracy of testing at the pre- and post-analytical stages.

Contenders: Punjab National Bank, SRL Ranbaxy, SBI Life Insurance and BSES Power

Process CIO Award
Individual Category

PA Kalyanasundar
GM IT & CIO, Bank of India
Established at the turn of the twentieth century, Bank of India (BoI) is Indias leading bank with headquarters in Mumbai. BoI has about 2,645 branches including 24 branches outside India. It enhanced its process efficiency by centralizing the core banking activities using the outsourcing model. The challenges faced by Kalyanasundar were many, especially how to ensure a smooth transition to a core banking application from disparate systems without affecting day-to-day functioning. The IT team lead by Kalyanasundar worked in close tandem with partners for the same, and achieved the goal of the fastest migration to 1,000 branches, a year before schedule. Aptly, Kalyanasundar gave credit of the award to his team and lauded their efforts.

Contenders: Bank of India, Vardhman Textiles, Geojit Financial Services, Titan Industries and JK Paper

Extended Manager Award
Individual Category

Sanjeev Kumar Chanana
director & GM, IT, Oriental Insurance
Incorporated in the same year of Indias independence, The Oriental Insurance Company will is celebrating its sixtieth anniversary. The company won the award for its evangelistic efforts by extending the organizations network to agents and brokers to underwrite policies at their own locations, which earlier had to be done manually. With its head office in New Delhi, Oriental has 21 regional offices and nearly 900 operating offices in various cities of the country. The intranet-based system developed by Chananas team allowed agents and brokers to enter data using customized screens and restricted login accounts. This speeded up the whole process quite drastically, leading to higher revenues earned.

Contenders: SRL Ranbaxy, Arvind Mills, Oriental Insurance, Development Credit Bank and SBI Life Insurance

Accenture was the Presenting sponsor at the EnterpriseConnect Awards 2007. HP was the Platinum Sponsor, while Seagate and NetCore were the Associate sponsors.

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