Bangalore
NASSCOM the premier trade body and the “voice” of the Indian IT industry, today showcased the shortlisted nominations in ‘Product Model Innovations’ by Indian companies for the NASSCOM Innovation Awards 2006. 10 companies shortlisted from a total of 18 short listed companies presented their world-class innovations to an elite panel and audience in Bangalore.
Shortlisted companies presenting in Bangalore: - Elitecore Technologies
- Ittiam Systems
- MIEL e-Security Pvt Ltd
- Monsoon Multimedia
- Newgen Software
- Pandora Networks
- Strand Life Sciences
- HP Labs
- Image Analyzer
- Intel Technology India
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The broad categories for 2006 are Business Model, Process and Product innovation, for both emerging companies and large and MNC companies. This forum for IT innovators in India has seen participation from 160 companies from across the industry this year. Before Bangalore, 8 out of the 18 shortlisted companies from other regions showcased their Business Model and Process Innovation in Hyderabad on December 19th. These companies include
Bharti Airtel, IBM India, Maruti Udyog, Capgemini Consulting amongst others. The winners will be felicitated at the NASSCOM India Leadership Forum 2007, its prestigious Annual conference in February 2007.
The key focus for the NASSCOM Innovation Forum has been to build innovation as the key differentiator for the Indian IT and BPO industry. In its third year now, the NASSCOM Innovation Awards is the premier recognition for Indian IT companies who have instilled innovation into existing competence and have created new ideas, products, processes or technologies that drive businesses to achieve higher margins and thus profits to re-invest in the business. Post the success of this initiative in 2006; the platform has been broad based this year to include more companies innovating at various fronts.
The Indian IT-BPO industries have achieved significant maturity and consolidation over the past few years and are now set for their next phase of evolution and momentum. Having explored various dimensions for achieving global leadership and building competitive advantage through rightly skilled, industry-relevant, specialized manpower, robust infrastructure and a favourable regulatory environment, the IT-BPO industry is on the hunt for a new success mantra. Innovation has been identified as the key imperative for the growth of the Indian IT-BPO industry that will enable India to sustain its lead in the world markets. The NASSCOM-McKinsey Study 2005 makes a strong case for innovation, suggesting that the Indian IT-BPO sector can generate over US$ 10-15 billion of additional revenues by 2010—over and above its US$ 60 billion export target—provided it makes innovation its chief growth catalyst.
Product Model Innovation
The Indian IT industry has built a strong brand as a leader in the services domain and is today ranked as the number one offshoring country. The product industry in India has also been on a growth path and is increasingly witnessing new technology and enterprise products being developed for the international and local markets. The NASSCOM Product Innovation awards received an overwhelming response with over 60 percent of the nominations being filed in this category. This is the reflection of that fact that product innovation is a key thrust area for the emerging companies, the large players as well as the R&D centers of multinational companies.
The ten companies that showcased their innovations included:
- Elitecore Technologies Limited for its Unified Threat Management (UTM) Appliance series - Cyberoam. Cyberoam provides complete Internet security by integrating a range of security features like Firewall-VPN, Anti-virus, Anti-spam, IDP, Content Filtering - in addition to enhanced productivity through Bandwidth Management and Multiple Link Manager over a single platform.
- Ittiam Systems Private Limited for its Advanced Digital Audio and Video signal processing algorithms for embedded system design of IP Video Phone (IPVP) and Portable Media Player Recorder (PMPR) products.
- MIEL e-Security Pvt Ltd for the first Indian information security product called “Helios”, which detects, eliminates and inoculates a system against such rootkits and malware.
- Monsoon Multimedia India Private Limited for HAVA – the world’s first integrated video “time-shifting” and “place-shifting” product. Place-shifting is perhaps one of the most exciting technologies for device manufacturers in the “digital lifestyle” ecosystem, bringing TV (or any video) to the device anytime, anywhere.
- Newgen Software Technologies Limited for its Cheque Truncation/Clearing product suite, which not only puts the Clearing Process on the BPM backbone but also allows banks to use the suite for drawing various other business benefits.
- Pandora Networks Pvt Ltd for Worksmart which lets SMB’s use an integrated communications system rather than multiple solutions. It offers a complete IP communications service to meet voice, video, and collaboration needs for a fraction of what customer premise hardware and software solutions cost today.
- Strand Life Sciences Pvt Ltd for its comprehensive and modular data mining and predictive modeling platform branded as avadisTM, short for access, visualize, analyze and discover.
- HP Labs India for Gesture Keypad which is a pen based input device for phonetic scripts with larger character set. Gesture keypad revolutionizes the way data is inputted.
- Image Analyzer for The Engine, developed in C++ on Windows, Linux and FreeBSD detects if an image is Pornographic in nature using complex image processing and three dimensional analysis. It works very well for standalone images and video frames.
- Intel Technology India Pvt Ltd for its Classmate PC platform which is specially designed to address the needs of secondary school children in India and other emerging market countries.
Panelists for Innovation in IT 2006
- Dr. Ganesh Natarajan - Deputy Chairman and Managing Director, Zensar Technologies
- Anil Bakht - Chairman & Managing Director, Eastern Software Systems
- Sharad Sharma
- Subash Menon - Founder Chairman, Managing Director & CEO - Subex Systems
- Dr. Deepak Phatak - IIT, Mumbai
- Sanjeev Aggarwal - Managing Director - Investment Advisor, Helion Venture Capital
Finalist Companies in 2005
Emerging Company Category:
- AISECT - Bhopal
- Encore Software - Bangalore
- Ocimum Biosolutions - Hyderabad
- Skelta - Bangalore
Mid-Sized Company Category:
- Midas Communications - Chennai
- Subex systems - Bangalore
Large Companies:
- Tata Consultancy Services Ltd
- Wipro Technologies
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Updated on:
22 Dec, 2006
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