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IDC Honors 3 Outstanding Enterprises With Special Distinction Mention For Exemplary Dynamic IT At Its Asia/Pacific CIO Summit Held In Singapore Today

Source: IDC亚太区  Date: 2008-09-24

IDC announced today that CLSA Asia Pacific Markets, CPF Singapore, and NTUC Income Insurance Co-Operative Limited, are the top 3 organizations that have excelled in the use of IT in highly innovative ways to deliver competitive advantage to their organization and enabled business growth. The IDC-Enterprise Innovation awards, in its 2nd year, pay tribute to the top 10 CIOs and their organizations that have used technology, IT projects and systems IT in innovative ways to derive the highest strategic value and yielded the greatest returns for their businesses, whether by creating competitive advantage, optimizing business processes, enabling growth or improving relationships with customers. And from amongst these 10 winners, the top 3 were awarded special distinction mention for their exemplary dynamic IT.

"These top 3 organizations have either excelled in customer service support, executed well in building infrastructure and business performance improvements, or aligned IT and business with the right approaches to engage customers," explained Dr. Patrick Chan, Chief Technology Advisor at IDC's Asia/Pacific Emerging Technology Council, who led the Dynamic IT Benchmark survey and award winner selection. "It is extremely important to be able to fuse existing technologies and assets with business values. At the same time, the ability to cast a holistic framework to sustain and guide business improvements over the years with the right IT execution and strategy must be in place. We at IDC congratulate all winners and are confident that they have positive salient traits and exemplary IT and business practices to share with other CIOs who are looking to improve their dynamic IT execution."

Some 490 leading businesses across Asia/Pacific participated in the Dynamic IT Benchmark survey, conducted between June to August this year, aimed at identifying how businesses have progressed across various dynamic IT principles. This is the follow up to IDC's inaugural Dynamic IT Benchmark survey and awards in 2006, which assessed how businesses were aligning their IT investments with corporate strategies and business goals. The survey this year covered 11 markets in the Asia/Pacific region consisting of Australia, New Zealand, PRC, Hong Kong, India, China, Indonesia, Korea, Malaysia, Taiwan, Thailand, Vietnam, Philippines and Singapore.

Dynamic IT, defined by IDC, as the creation of a high-performance IT capability that effectively supports the rapid pace of business change, is increasingly becoming a key consideration for enterprises wanting to become more flexible and responsive to evolving business needs and the unpredictable competitive environment. IDC research shows that less than 30% of companies had clear IT benchmarks in place. But for the leading 20% of firms, they are now accurately measuring and benchmarking their IT services and, through standardizing of the infrastructure, able to identify areas for outsourcing and improvements.

"The need to be agile and dynamic must relate to business goals and be sustainable," added Dr. Chan. "There is a lot of opportunities to leverage existing IT technologies to help improve business as exemplified by the winners. At the same time, CIOs today must understand the implications of emerging technologies so as to leverage them for the blueprint of improving tomorrow's business. The pace of execution for both business and IT has accelerated at an amazing rate and CIOs with their enterprises must keep up."

The Dynamic IT Benchmark survey, is part of IDC's overall awards program to recognize leading CIOs and their organizations in their use of dynamic IT to drive business value and innovation, centered around Six Pervasive Principles, IDC’s blueprint to building Dynamic IT:

1. Flexible operating cost model
2. Flexible internal/external sourcing model
3. Virtualized resource model
4. Modular components/standards-based
5. Service-oriented architecture
6. End-to-end design and management

The other top 7 winners are:

1. Applied Materials India Pvt Ltd (India)
2. Li and Fung (Hong Kong)
3. Macmahon Holdings (Australia)
4. Mahindra & Mahindra Financial Services Limited (India)
5. Ocimum (India)
6. Ping An Insurance (China)
7. SingHealth (Singapore)

According to IDC's predictions, Asia/ Pacific firms will spend US$154 billion on IT in 2008; hence this year's IDC CIO Summit is designed to explore spending patterns, best practices, and IDC's top ten IT trends ahead while reflecting on the strategic innovations made over the past year in the region. Attended by CIOs from across various industry practices, IDC's Asia/Pacific CIO Summit 2008 explores innovative IT reform strategies and plans, discusses adjustment of corporate policies, and looks into cutting edge enterprise architectures through adoption of emerging IT products and trends.

About The IDC-Enterprise Innovation Awards
IDC collaborated with Enterprise Innovation magazine to interview the 10 winners of which many salient and outstanding dynamic IT practices and approaches were identified. Under IDC's panel of judges which include a team of senior analysts lead by Dr. Patrick Chan, some over 200 submissions were reviewed, with the selected undergoing further interviews with Dr. Chan. IDC accepted direct submission for the IDC-Enterprise Innovation awards via IDC Circle, its online community of IT professionals and through email invitations. Primary and secondary researches were also conducted in the judging process to validate the submissions.

Dynamic IT elements that the IDC judging panel have looked for in the winners include:

1. Commitment in human capital resourcing and technology innovation in creating business growth sustainability
2. Implementation of game-changing business infrastructure and process discipline to align with corporate goals and directions
3. Empowering business with innovative/emerging IT technologies and processes.
4. Substantial project push for the conversion of capital infrastructure expense into operational expenditure
5. Innovations in outsourcing models, IT management solutions, corporate governance, Green IT projects, etc.
6. Service-orientation and re-engineering of corporate processes for positive results
7. Standardization approaches to enhance corporate agility, cost and operational efficiencies
8. Web 2.0 related strategies to rejuvenate corporate processes (eg. Marketing, HR, collaboration, changing enterprise applications, ideas creation for business, etc.)
9. Strategic transformations: becoming a world class business
10. Innovative business transparency, process control, and business automation approaches

IDC will be publishing separate reports giving details about the results and findings. In addition, more information will be revealed in the October/November issue of the Enterprise Innovation magazine (www.enterpriseinnovation.net).

About IDC's Asia/Pacific CIO Summit
IDC‘s Asia/Pacific CIO Summit is an invitation-only event that is specifically designed to provide CIOs with a clearer perspective on some of the most important trends and issues shaping the ICT industry. The content-rich summit program offers valuable insight, first-hand knowledge and the latest best practices and approaches in the ICT industry by IDC experts and industry leaders. CIO attendees from past summits have benefited from the practical advice and thought provoking content which have helped them in making well-informed business and ICT investment decisions. The summit is also a platform for extensive networking with peers, industry regulators and leaders, and potential business partners.

This year’s IDC Asia/Pacific CIO Summit, sponsored by Citrix, Juniper, Sybase, Salesforce.com and Compuware, reviews the IT spending patterns and the top ten predictions of IT trends ahead and reflects on the 2008 innovations and best practices in Asia/Pacific. CIOs will have the opportunities to share their enterprise IT reform strategies and plans, adjustment of corporate policies and enterprise architectures according to emerging IT products and trends. CIOs from different industry practices will come together in these engaging sessions.

In conjunction with the IDC Asia/Pacific CIO Summit 2008, IDC will be presenting IDC Enterprise Innovation Awards to honor the top 10 companies that demonstrate excellence and achievement in IT in the Asia/Pacific region. These companies are using IT in innovative ways to deliver competitive advantage to the enterprise and enable growth.