INDIA, 15 December 2023 – In its 7^th IDC Future Enterprise Awards (FEA), International Data Corporation (IDC) acknowledged 30 of India’s excellent innovators. The Future Enterprise of the Year award went to Bennet, Coleman and Co. Ltd, and Mahindra and Mahindra Ltd. The CEO of the Year recognition went to Tapan Singhel of Bajaj Allianz General Insurance Co. Ltd. (BAGIC). Ten people had been additionally introduced because the CIO/CDO of the Year for leveraging rising applied sciences to drive strategic development for his or her respective firms.

“India is on an accelerated path of digital adoption and the country is on track to make vision of 2020s becoming a ‘tech decade’ or ‘techade’ a reality. Enterprises, irrespective of the industry and size, have realized that technology adoption and digitalization are no longer a choice but a necessity. As enterprises progress through this journey, we see a clear path for enterprises transitioning from Digital Transformation era to the dawn of the Digital Business age with growth and resiliency as pillars,” says Sharath Srinivasamurthy, Associate Vice President, IDC India.

Digital Transformation has morphed into the Digital Business period amid world financial and social challenges, pushing enterprises to scale new, sustainable digital enterprise fashions. The IDC Future Enterprise Awards, with over 500+ winners from 5,000+ nominations prior to now six years, acknowledge the pioneers of this new period, particularly these with a digital-first strategy and tech-driven working fashions.

Following a two-phased strategy, every nomination is evaluated by IDC analysts, with nation winners then qualifying for a regional competitors judged by a panel of worldwide consultants. The following are the perfect out of all of the nominations obtained from India:

Future Enterprise of the Year | Times Special by Bennett, Coleman and Co. Ltd.

Bennett, Coleman and Co. Ltd. (BCCL) has achieved outstanding digital transformation, establishing itself as a front-runner within the digital age. Adopting cloud applied sciences, agile practices, and real-time analytics, BCCL expedited its product launches by 40%. Their innovation labs and incubators fostered a tradition of creativity. This digital pivot considerably enhanced expertise acquisition, resulting in a 15% enchancment in rent high quality. Furthermore, their dedication to studying and improvement noticed a ten% surge in worker retention.

Future Enterprise of the Year | Project Aarohan by Mahindra and Mahindra Ltd.

Mahindra and Mahindra Ltd. launched into Project Aarohan, an initiative pushed by a imaginative and prescient of value management and optimized effectivity. By transitioning to a safe, managed cloud and modernizing functions, the corporate has not solely boosted developer effectivity by 35% via API and low-code platforms but in addition enhanced real-time reporting and decreased its carbon footprint, paving the way in which for a future-ready platform that elevates each buyer and worker experiences.

CEO of the Year | Tapan Singhel, Bajaj Allianz General Insurance Co. Ltd.

Under Tapan Singhel’s steering, BAGIC achieved a outstanding digital transformation. Singhel’s concentrate on worker coaching and course of reengineering enhanced effectivity and collaboration. Notably, his touch-free renewal idea revolutionized coverage renewals, eliminating paperwork and in-person hassles. This visionary strategy exemplifies BAGIC’s dedication to innovation and buyer satisfaction.

CIO/CDO of the Year | Sandeep Bansal, Manipal Academy of Higher Education

Sandeep Bansal’s visionary management revolutionized his group, positioning it as a digital transformation chief. Innovative options, from pupil administration to finance, boosted effectivity and the general expertise, pushed by his forward-thinking methods. His dedication to shaping the way forward for schooling via expertise marks it as an {industry} pioneer.

CIO/CDO of the Year | Neelima Sharma, ESL Steel Limited Vedanta

Under Sharma’s steering, ESL leveraged cutting-edge applied sciences like cloud computing, massive knowledge analytics, AR/VR, RPA, and AI, enhancing effectivity and buyer satisfaction. Cloud migration saved prices and boosted agility. A tradition of innovation empowers workers, making ESL agile and adaptable in Industry 4.0.

CIO/CDO of the Year | Kushal Kumar Varshney, Virescent Infrastructure

Kushal Varshney spearheaded a transformative IT panorama through the pandemic, paving the way in which for exponential organizational development. His imaginative and prescient shifted decision-making towards data-driven processes, leading to a 100% enchancment in reporting effectivity, 80% journey value financial savings, and a 50% discount in errors. Advanced ML-AI capabilities centralized monitoring of 20 photo voltaic farm websites, growing income by 15% and enhancing vitality era predictions.

CIO/CDO of the Year | Deepak Keni, Deepak Fertilisers and Petrochemicals Ltd.

Deepak Keni drove organization-wide transformation via digital literacy, fostering a data-driven tradition and innovation. The RAPID Data framework now locations digital and knowledge on the core, fostering a management mindset. Data literacy, governance, data mining, and execution are pillars of the info technique, structuring the group as a data-driven enterprise. Deepak additionally championed data-driven decision-making in any respect ranges, underpinned by built-in knowledge structure.

CIO/CDO of the Year | Akhil Handa, Bank of Baroda

Under Akhil Handa’s management, Bank of Baroda launched a digital transformation initiative and a monetary super-app, “Bob’s World”, consolidating 300+ companies. This initiative boosts buyer expertise, streamlining entry to banking, investing, and buying multi functional platform. As of March 2023, the app boasts 30 million lively customers.

CIO/CDO of the Year | Manish Grover, Indian Oil Corporation Limited

Manish Grover, CIO/CDO of the Year, led IndianOil’s digital transformation. He established a Digital Center of Excellence (DCOE), tripling its measurement and enhancing technical capabilities. SIS initiatives expanded, optimizing refinery models and making a metaverse platform for product advertising. Grover’s management empowers the crew, fostering innovation and high-quality product improvement.

CIO/CDO of the Year | Abhijit Chatterjee, TCG Lifesciences Pvt. Ltd.

Abhijit Chatterjee leads TCG Lifesciences in a complete digital transformation. This technique digitizes analysis, integrates AI/ML for synthesis planning, enhances collaboration, and improves drug discovery with predictive analytics. It ensures regulatory compliance, employs knowledge analytics for BI, and strengthens cybersecurity infrastructure.

CIO/CDO of the Year | Rajendra S Bisht, Bajaj Finance Ltd. – Auto Finance (BFL-AF).

Rajendra Bisht, a visionary chief, has formed Bajaj Finance’s IT technique and pushed digital improvements. His achievements embody a brand new mortgage origination system, sturdy cybersecurity, and a cloud-based mortgage administration system. Rajendra’s QR code ecosystem reworked lead seize and assortment, making BFL-AF the primary with a 100% digital course of. He fosters an progressive tradition, highlighting expertise’s position in enhancing processes, buyer experiences, and income.

CIO/CDO of the Year | Nikhil Kumar Nigam, Amity Education Group

Nikhil Nigam drives Amity Education Group’s digital transformation, enhancing processes and buyer experiences via digital platforms, automation, AI, knowledge analytics, and cybersecurity. The Campus Diagnostics Center Dashboard centralizes and automates knowledge administration and analytics, offering real-time insights for knowledgeable decision-making and steady enchancment.

CIO/CDO of the Year | Vinod Bhat, Vistara (TATA SIA Airlines Ltd)

Vistara’s digital transformation, led by Vinod Bhat, is successful story. Strategic initiatives below his management embody a sturdy cybersecurity shift to XDR, unified dashboards, and data-informed decision-making. Customer-centric internet and cell apps like DigiYatra and course of automation drive effectivity, delivering as much as 50% value financial savings.

Best in Future of Connectedness | Data Platform Modernization by Bharti AXA Life Insurance

Bharti AXA Life Insurance unveiled a cloud-based knowledge platform, specializing in seamless knowledge ingestion, storage, and processing. This platform addresses rising knowledge calls for, and integrates options like auto-scaling, container orchestration, and superior knowledge processing to cater to each OLAP and OLTP workloads.

Best in Future of Customer Experience | Digital Lending Platform to Deliver Enhanced Customer Experience by Bank of Baroda

Bank of Baroda launched a digitized lending platform, remodeling mortgage processes for buyer comfort. Leveraging inner knowledge, fintech partnerships, and AI/ML, the platform streamlines lending, underwriting, and buyer servicing, pushing for digital development.

Best in Future of Customer Experience | Insta-Verify by Bharti AXA Life Insurance

Insta-Verify, by Bharti AXA, is a groundbreaking WhatsApp-based bot for pre-issuance video verification. This customer-centric initiative permits customers to finish verifications in below 2 minutes from their gadgets, selling real-time communication, safety, and cost-effectiveness.

Best in Future of Digital Infrastructure | Visionet Digital Infrastructure Transformation Project by Visionet Systems

Visionet Systems launched a platform bolstering digital enterprise innovation via sturdy infrastructure, agility, and enhanced engagement. This pivotal transfer drives long-term digital enterprise transformation, boasting a 99.9% uptime for cloud-deployed merchandise.

Best in Future of Digital Infrastructure | GBDI-Udaan by Godrej Infotech Ltd.

Godrej Infotech’s GBDI-Udaan focuses on elevating buyer expertise utilizing software-defined datacenter expertise. The technique gives safe, agile infrastructure for knowledge mobility and analytics. It ensures safety, productiveness, and safe knowledge sharing throughout varied sectors.

Best in Future of Industry Ecosystems | Project Pragati — Digital Transformation of Supply Chain by Jindal Steel and Power

Project Pragati drives Jindal Steel and Power’s digital transformation with a concentrate on sustainability, security, and accomplice collaboration. Leveraging Government of India’s ULIP Platform and new-age applied sciences like AI, ML, and superior analytics, it reduces turnaround time by over 30%, trims logistic prices by as much as 10%, and ensures excessive OTIF for finish prospects.

Best in Future of Intelligence | TCG Enigma by TCG Lifesciences Pvt. Ltd.

TCG Enigma merges molecular transformer fashions with ML and AI, specializing in retrosynthetic route planning and response prediction. By streamlining chemical workflows, TCG Lifesciences achieves a 50% discount in artificial steps, resulting in appreciable value financial savings and effectivity.

Best in Future of Intelligence | i-DRIVE: Indian Oil’s Digital Transformation by IndianOil Corporation Limited

IndianOil Corporation Limited (IOCL) has launched Project i-DRIVE, one among India’s largest digital transformation initiatives. It leverages AI, ML, and superior analytics to deal with enterprise challenges. IOCL scales up digitalization for a disruptive future, enhancing refinery expertise for 1% gasoline consumption discount and 20% higher unit utilization.

Best in Future of Intelligence | Project John — AI-Based Industrial Equipment Predictive Maintenance by Arjas Steel Pvt Ltd.

Arjas Steel pioneers industry-first AI-based predictive upkeep for rotary machines. Specially designed sensors and IoT gadgets monitor important tools parameters. ML algorithms detect anomalies, sending alerts to key stakeholders with actionable infographics for well timed options, guaranteeing seamless operations.

Best in Future of Operations | Digital Construction Life-Cycle Management by Tata Realty and Infrastructure Ltd.

Tata Realty and Infrastructure Limited (TRIL) revolutionizes building administration with an built-in platform. Collaborative efforts amongst stakeholders guarantee value financial savings and building timeline enhancements. With 15 million sq. ft. in improvement, TRIL reaffirms its dedication to high quality life areas.

Best in Future of Trust | Cyber DARE Program by Max Life Insurance Company Limited

Max Life’s Cyber DARE framework addresses cybersecurity threats comprehensively, enhancing defensive-aggressive, responsive, and fascinating controls. The transformation program introduces structural options, new capabilities, and a tradition shift prioritizing safety. With 500+ simulations and darkish internet risk monitoring, Max Life boosts confidence in development via digital tech and buyer belief.

Best in Future of Work | My Workspace by Sheela Foam Ltd. (Sleepwell)

Sleepwell’s “My Workspace” revolutionizes work processes with AI and ML. It consolidates duties, prioritizes work, and suggests actions primarily based on historic knowledge, growing productiveness by 10–15% within the first 4 months. Employee engagement soars by 30–40%.

Special Award for Digital Innovation| Magellan by Sterlite Power Transmission Ltd.

Magellan, an in-house platform, transforms energy transmission processes from bidding to execution. The “Release for PLS CADD” (RFP) Module digitizes route conversion, sag calculation, and tower scheduling, lowering import/export time from 4–5 days to minutes. It’s a game-changer for effectivity.

Special Award for Digital Innovation| DHL Corporate Data Lake by DHL Group

As a part of DHL’s Strategy 2025 DHL is prioritizing digitalization and catering to future enterprise wants. Through the creation of a specialised DevSecOps crew, DHL revamped its Data Lake storage and Analytics Platforms ecosystem, enhancing service stability and resilience. Utilizing open-source innovation and platform methods, the ecosystem now boasts a 99.9% availability.

Special Award for Digital Resiliency | Digital Trust and Resiliency by Aegon Life Insurance

Aegon Life Insurance’s industry-leading tech infrastructure helps safe and compliant digital desktop infrastructure (VDI). It gives work-from-anywhere (WFA) and bring-your-own-laptop (BYOL) choices, enhancing digital resiliency and worker satisfaction. Seamless onboarding, useful resource optimization, and decreased operational prices exhibit its success.

Special Award for Smart Cities — Best in Citizen Wellbeing | Hospital Management Information System (HMIS) by RailTel

Indian Railway hospitals embrace expertise with a Hospital Management Information System (HMIS). Customized for numerous healthcare wants, HMIS digitizes workflows, reduces errors, and enhances transparency. It revolutionizes companies, lowering turnaround time, offering licensed EHRs, on-line stories, environment friendly stock administration, and standardized procedures throughout a number of healthcare establishments.

Special Award for Sustainability | Digital and R&D initiatives by ITC Limited, PSPD (Paperboards and Specialty Papers Division)

ITC Limited, PSPD, leads the way in which in adopting a digital tradition since 2019. Digitization of information, IoT sensors, and automation in nurseries improve financial, environmental, and social impression. Mobile apps streamline operations, from sapling bookings to FSC documentation, embracing expertise for sustainable practices.

“2023 was an amazing year for future-forward organizations. Nominations, finalists, and winners for IDC’s Future Enterprise Summit and Awards is proof of the increasing digital maturity. We’re thrilled to observe an unparalleled elevation in the quality of entries, reflecting the surge in digital innovation across India. This serves as a testament to the burgeoning digital maturity, with a rising number of digital-first pioneers making strides, embracing state-of-the-art technologies to foster resilience and catalyze growth in these transformative times,” ends Srinivasamurthy.

India winners for the 2023 Future Enterprise Awards had been introduced in Gurgaon, India on 15 December 2023 throughout IDC DX Summit, whereas the regional winners had been introduced throughout IDC’s Future Enterprise Summit and Awards on the Suntec Singapore Convention and Exhibition Centre on 31 October 2023. To be taught extra concerning the regional winners, click on HERE.

For extra details about FEA, contact Vanessa Ong at vong@idc.com. For media inquiries, contact Michael de la Cruz at mdelacruz@idc.com  or Miguel Carreon at mcarreon@idc.com.

-Ends-

About IDC

International Data Corporation (IDC) is the premier world supplier of market intelligence, advisory companies, and occasions for the knowledge expertise, telecommunications, and client expertise markets. With greater than 1,300 analysts worldwide, IDC gives world, regional, and native experience on expertise and {industry} alternatives and traits in over 110 nations. IDC’s evaluation and perception helps IT professionals, enterprise executives, and the funding group to make fact-based expertise choices and to realize their key enterprise goals. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world’s main tech media, knowledge and advertising companies firm. To be taught extra about IDC, please go to www.idc.com. Follow IDC on Twitter at @IDCAP and LinkedIn. Subscribe to the IDC Blog for {industry} information and insights.

Coverage