Wipro bags prestigious award at World Economic Forum
01 Feb 2000
In a rare honour for an Indian company, Wipro Ltd. was presented the "Technology Pioneer Award" based on the criteria of rate of growth and innovative power at the World Economic Forum in Davos on 31 January 2000.
The award was presented at the two-day meeting of Technology Pioneers unveiled by the World Economic Forum and Deloitte Touche Tohmatsu (DTT) for the world''s fastest growing, most technologically innovating companies. The participants at this two day meeting included over 50 CEOs from the world''s leading pioneering technology companies, including Wipro (India), Red Hat Software (USA), Africa Online (Kenya), TrustWorks Systems (Netherlands), DeCODE Genetics (Iceland), Autonomy (UK) and Lernout & Hauspie (Belgium) met to discuss the life lessons of managing rapid growth globally, and the key success factors required to become a technology pioneer. They shared predictions of where technology is moving and how it will impact the global economy. Veterans of the technological revolution such as Yahoo!, Sun Microsystems, Dell Computer Corporation, Novell and Vivendi were also present at this meeting.
Speaking on the occasion, Mr. Azim H Premji, Chairman, Wipro Corporation, said: "Innovation, which is applied creativity, must lead to a significant jump in what is offered to the Customer by altering the very fabric of competition. Technology Leaders have a responsibility in not just breaking familiar thinking habits that stall Innovation, but in defending Idea Generators against critics, and helping Innovators work through the system." Prof. Klaus Schwab, President and Founder of the World
Economic Forum, said at the presentation ceremony, "At a time of enormous technological change, it is important to bring together companies that are shaping our future. It is key for us to work together in engaging business in the global public interest. These companies exemplify a new breed of corporate actors and we want to help strengthen this community and incorporate it into our work."