John Keells IT of John Keells Holdings, the Group’s IT arm as well as a boutique IT Consultancy and Services Organization, has won the SAP ACE Award for Customer Excellence, for the third time. This was awarded under the category, “Leveraging in-memory computing” at the recently concluded Award Ceremony hosted by SAP and INDUS at JW Marriott, Mumbai on December third.
This coveted award was presented by Debdeep Sengupta, Managing Director of SAP India to Ramesh Shanmuganathan, Group CIO and the Executive Vice President of John Keells Holdings PLC.
“We are indeed honoured and at the same time humbled by this award. Big Data and Predictive Analytics are changing the way we do things. We as an organization believe in leading from the front and have been early adopters of technology in creating new frontiers and expanding on it. In this instance too, we are glad that we have lived upto our track record and am especially proud and thankful to the great team at JKIT who continue to explore, incubate and unleash these solutions which are nothing less than cutting-edge,” said Group CIO Ramesh Shanmuganathan”.
The award was for the Predictive, Fraud Analytics solution that had been built for “Fraud Analytics” on SAP’s latest in-memory platform, HANA. This enables companies to use past and present data sets through mathematical and statistical modelling combined with Predictive Analytics in mitigating potentially fraudulent transactions.
“The Outlier Analysis tool powered by HANA, takes into consideration an entire population of data to identify any outliers, and potential fraudulent transactions. Quantitative techniques used by mainstream fraud analytics algorithms, facilitate in identifying more focused samples of transactions and outliers which may be stemming from potential frauds or errors. HANA in-memory technology enabled to execute above models in real-time within split seconds”, stated Harsha Senanayake, AVP/Head of Enterprise Applications of JKIT
The SAP ACE Awards is an annual ceremony honoring companies, businesses and individuals who demonstrate the spirit of innovation by leveraging SAP solutions to transform their businesses.