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- From the Tech Desk
IDG's InfoWorld 100 2001 Highlights The Most Technically Innovative IT Organizations
Top 3 Innovators are JP Morgan Chase, Procter & Gamble and Fannie Mae - Profiled in Depth in Current IssueInfoWorld Media Group, the provider of in-depth analysis of enterprise technology and strategies through its integrated online, print, research and events channels, has announced the recipients of its annual InfoWorld 100 awards which recognize the innovative use of technology by corporate IT organizations. This year's top three companies are JP Morgan Chase, P&G and Fannie Mae. These companies are profiled in-depth with coverage on their innovative use of enterprise technology to streamline business processes, cut costs, pinpoint new revenue streams and bolster e-business. "This year's InfoWorld 100 exemplify the use of innovative technology to integrate business processes and improve ROI," stated Michael Vizard, Editor in Chief of InfoWorld. "These companies have championed the effort to use the latest enterprise technology and stand out as models of success during a challenging economic time."
The InfoWorld 100
The InfoWorld 100 exemplify the best of IT. These companies are putting the latest enterprise technology to use and achieving great success. Chosen by InfoWorld editors, these 100 organizations represent 2001's greatest achievements in companies spanning 11 industries - and they reveal a shift from dot-com excess to a focus on hard-line business practices. The InfoWorld 100 was chosen based on their ability to leverage the latest technology to bolster business efforts, maximize return on investment, streamline business processes, reduce costs, save resources, improve customer service and create new streams of revenue.
The InfoWorld 100 Top Ten
1. JP Morgan Chase
2. Procter & Gamble
3. Fannie Mae
4. Sears Roebuck & Co.
7. United Parcel Service of America
8. Country Wide Credit Industries
9. Dow Chemical
10.United States Army
JP Morgan Chase
When JP Morgan merged with Chase Manhattan a major integration challenge arose. JP Morgan Chase put into place a globally integrated technology and operations platform that spans 6 continents, 50 countries, 52 major facilities, involving 2000 mission-critical applications and literally trillions of dollars in transaction flows. Among the technical challenges were the integration of Web sites, banking platforms, IT systems and customer services systems.
Procter & Gamble
P&G implemented a real-time supply chain solution designed to contribute up to a 50 percent reduction in inventory while addressing the problem of retailers running out of stock. P&G is connecting point-of-sale systems at retailers to collect transaction data. The data is aggregated and transmitted for processing by a set of intelligent algorithms that identify potential out-of-stock items on a store-by-store basis. This highly collaborative process is meant to deliver seamless integration of disparate systems and increase speed, all through the use of standards-based solutions.
Fannie Mae conducts most of its transactions online. Their CTO describes the company as possibly the biggest e-business in the world. Created by the U.S. Congress but a privately held and traded company for years now, Fannie Mae is a highly successful e-business with an extremely high value in daily transactions. The vast majority of its business is between mortgage brokers. Every part of the transaction is handled by an online application that can be reached from any browser in the world.