Bengaluru, June 9 (IANS): Indian IT bellwether Wipro Ltd won the best outsourcing thought leadership award for this year from a US-based leading institute, the global software major said on Tuesday.

"The Outsourcing Institute, the largest neutral professional association dedicated to outsourcing, selected us for our though leadership article showcasing a real world use case encompassing innovation, creativity and results," the city-based company said in a statement here.

The institute's eight-member sourcing executives from Fortune 1,000 enterprises were the judging panel.

"The business process leadership awards the Wall Street technology innovation showcases the most innovative work from providers' across the outsourcing industry," the statement noted.

The company's seminal piece was recognised for its innovative work titled "Semantics and Ontology -- The Future of Data Aggregation".

"Financial institutions are giving more attention to improving quality of data and turning it into a strategic advantage, owing to competitive, regulatory and business pressures," Wipro's global head for securities & capital markets Roop Singh said on the occasion.