IDG's CIO magazine today announced that PPG Industries (NYSE:PPG) is a recipient of the 2014 CIO 100. The 27th annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology (IT). “Receiving the CIO 100 award affirms PPG Industries’ commitment to delivering innovative IT solutions to support the strategic initiatives of our businesses,” said Werner Baer, PPG vice president, information technology. “Our customers are looking to us continually for innovative products and services, and the PPG IT organization strives to exceed those expectations with groundbreaking technologies such as this digital glass visualization application.” PPG’s award recognizes technology created by the company’s flat glass business that enables the industry’s first digital glass visualization platform, which is driven by data and incorporates glass properties of color, light reflectance and transmittance. This Web-based system enables architects to digitally select and specify glass for commercial buildings by realistically rendering glass products that can be viewed at different angles and in various lighting conditions, thereby providing an accurate depiction of the visual aesthetics of the glass. The application can be accessed online at http://glasseview.ppg.com/View#. "For 27 years now, the CIO 100 awards have honored the innovative use of technology to deliver genuine business value," said Maryfran Johnson, editor in chief of CIO magazine and events. "Our 2014 winners are an outstanding example of the transformative power of IT to drive everything from revenue growth to competitive advantage." Executives from the winning companies will be recognized at the CIO 100 Symposium and Awards Ceremony on Aug. 19 in Rancho Palos Verdes, California. About the CIO 100 Recipients of this year's CIO 100 Award were selected through a three-step process. First, companies filled out an online application form detailing their innovative IT and business initiatives. Next, a team of external judges (many of them former CIOs) reviewed the applications in depth, looking for leading-edge IT practices and measurable results. Finally, CIO editors reviewed the judges' recommendations and selected the final 100.
Jefferies analysts note that recent construction spending data indicates a cycle rotation away from construction-exposed names and toward industrial- and durable goods-levered firms could be playing out.