Wednesday, June 3, 2015

#Wipro wins Wall Street Tech Innovation award

Outsourcing Institute has announced that AltexSoft, Luxoft, and Wipro Limited have been named the winners of this year's Best Outsourcing Thought Leadership (BOTL) Awards for Wall Street Tech Innovation.  The winners were being recognized at the Wall Street Tech Innovation Conference being held June 2, 2015 in NYC.
A judging panel of eight independent senior sourcing executives and business decision makers from Fortune 1000 enterprises, facilitated by Jerry Luftman Ph.D, from the Global Institute for IT Management, evaluated the nominations for the Wall Street Tech Innovation awards in three categories based on a scorecard that measured timeliness, overall quality, uniqueness, usefulness and creativity.

Award Winners

Best Practices Thought Leadership - Wipro Limited for its best practices recommendations on "Semantics and Ontology - The Future of Data Aggregation."

Real World Use Case - Innovation - Luxoft for its development of an advanced data visualization (ADV) framework for the BFSI industry, that taps into existing data sources and delivers an executive dashboard that tells the story behind the numbers.

Real World Use Case - Cost Saving - AltexSoft for drastically cutting its client's costs by reducing its IT footprint and overall risk via implementation of a single client version and data center with a consistent schema.

"The challenges for tech executives on Wall Street and within the BFSI space in trying to balance cost, innovation, best practices, time to market while balancing regulatory concerns, emerging technologies and process automation are tremendous," said Frank Casale, founder of The Outsourcing Institute. "The Outsourcing Institute and the BOTL awards recognize the dedication and innovative work that these providers have delivered to their clients and applaud the contributions they have made in enabling their clients to meet their challenges head-on."

Previous BOTL award winners include AltexSoft  & VueWise, Capgemini & Client, Dell & Client, and Parasoft & NEC .

Currently 82% of Wipro's revenue are coming from Europe & the US.