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The latest ANSR Quarterly Global Capability Centers (GCCs) report is here. Our report highlights findings from over 100 GCCs, showcasing key trends for 2024, including: 📈 Increasing focus on integrating "AI Everywhere" into the enterprise via the GCC. 80% of all GCCs are spearheading AI-related initiatives. 📈 Escalating competition for top talent: With India commanding over 50% of the global GCC market, companies are vying for skilled professionals to drive innovation and growth. 📈 Emphasis on emerging tech hubs: Tech centers like Bengaluru and Hyderabad continue to solidify their positions, attracting significant investments and talent. This report is a must-read for understanding the factors driving success for global centers in 2024. I couldn't be more excited about the industry's phenomenal growth and our role as market leaders. Download now to grasp the future of GCCs 📈 https://bit.ly/3Q2xjCh #GCCInsights #Innovation #DigitalTransformation Smitha Hemmigae Prem Kumar Ashutosh Bisht Shekhar Anand

Why are India's GCCs driving global innovation? In an exclusive interview with ITPV Magazine - Techplus Media - Namita Adavi, Partner & Head of GCCs (India) at Zinnov, reveals how Indian GCCs have transformed from back-office operations to strategic innovation hubs: - 70% of #GCCs are now driving digital transformation - 90% have evolved into multi-functional centers - 15% are leveraging advanced #AI capabilities - #Tech, #BFSI, and #Automotive sectors are leading the AI revolution Want to discover how India became the "GCC Capital" of the world and what's next in this transformative journey?   Read the full interview here - https://bit.ly/3OyB4i1 Amit Singh | Nilesh Thakker | Karthik Padmanabhan | Amita Goyal | Mohammed Faraz Khan

Insightful! Reflects deep understanding of the market and a detailed forecast. 👏 India's involvement in the strategic functioning and decision making of international/foreign entities has overly increased in the recent years and continues to grow. The industry (rather, a sector in itself) has scaled at an unanticipated rate and has actually transitioned from back office work to exceptional value addition to the overall ecosystem. It is one of the few markets that is growing vertically as well as horizontally! The industry has been witnessing radical shifts in its operate and commercial model, is offering exponential innovation opportunities, and its involvement in its client's business is increasing continuously. #GlobalCapabilityCentres #GCC #ManagedServices #Outsourcing #Globalisation

Relevant and timely views by Mr. Amitabh Kant. From execution-support centers to ownership-innovation hubs, India is rapidly becoming an integral part of the global talent and innovation value chain. And much more to come over the next many years.......

In reflecting on this remarkable transformation, it's evident that GCCs in India are not just supporting global enterprises but are actively shaping technological and business strategies worldwide. Their evolution from basic service functions to centers of excellence in AI and research is a testament to India's talent pool and innovative capabilities. This shift underscores the strategic role India plays in the global market, highlighting our potential to host more such centers that drive future technological advancements and economic growth. #GlobalCapabilityCenters #AccountTreeGlobal #GCC #AI #IndiaGrowth

The transformative impact of Global Capability Centres (GCCs) on India's economic landscape is remarkable. Here's a quick dive into how GCCs are reshaping India's position in the global market: Evolution: From back-office operations to innovation hubs driving AI and R&D for MNCs. Employment: GCCs employ 3.2 million professionals in India. Economic Contribution: Contributing $121 billion in revenue. Growth: Over 1,580 GCCs in India, primarily in Bengaluru, Hyderabad, Pune, and Gurugram. Specialization: 60% specialize in engineering, R&D, data analytics, IT services, and business process management. Technological Focus: Emphasis on AI, machine learning, blockchain, and end-to-end product development. New Entries: In 2023, 10 new GCCs were established, with a strong focus on the semiconductor sector. Key Advantages: Cost-Effectiveness: Offering high-quality output and adaptability to market changes. Talent Pool: Leveraging India's young and growing workforce, with 2.3 million STEM graduates annually. Strategic Shifts: Moving towards tier-II and tier-III cities for economical living and skilled professionals. Challenges & Opportunities: Education Reform: Moving from rote-based to creative and analytical thinking. Gender Inclusivity: Encouraging more women in tech and STEM fields. Regulatory Compliance: Navigating transfer pricing, SEZ regulations, and labor laws. To sustain this momentum, India must invest in: Talent Management: Enhancing education platforms and digital infrastructure. Regulatory Clarity: Streamlining processes for smoother operation. Innovation: Fostering a culture of continuous improvement and strategic alignment with global trends. Amitabh Kant’s insights provide a clear roadmap for capitalizing on the immense potential of GCCs, solidifying India's position as a global hub for end-to-end service delivery. #India #Innovation #GCCs #EconomicGrowth #AI #Tech #Business #R&D #TalentManagement #EducationReform #RegulatoryCompliance Amitabh Kant

A good read from former CEO NITI Aayog (Planning body of Govt. of India) on how the GCCs are fueling the India story! Apart from the sheer number of GCCs that have sprung up (~1600) in major tech-hubs, also worth noting is the drastic SHIFT in the nature of work - from back-office outsourcing to cutting edge innovation & RnD in the area of AI, Blockchain, engg. solutions etc. This phenomenon is more or less similar for other countries like Philippines, Vietnam, Malaysia etc. And the best part - this phenomenon is entirely symbiotic : MNCs get to tap into specialized talent for their sustenance & growth, in the process, rewarding skilled talent with better opportunities!

According to a latest report by ANSR Global, multinationals are using their India global capability centres (GCCs) as proof-of-concept (PoC) hubs for generative artificial intelligence (GenAI) applications due to the availability of digital talent, ability to adapt to technological changes, and build scale. It added that GenAI and GCCs are forging a powerful alliance. Companies are utilising GCCs as a sandbox environment to develop PoCs that accelerate their digital journey by leveraging GenAI across relevant domains. Full story here: https://lnkd.in/g-P9Ytm7 #GenAI #DigitalIndia #GCCs #AIInnovation #TechTrends #ProofOfConcept #ANSRGlobal #AITalent #TechHub #ArtificialIntelligence #TelecomIndia #TelecomSector #TelecomInfrastructure #TelecomTechnology

Fueled by rapid adoption of emerging technologies, India’s #GCCs are transforming from transaction-focused centers to innovation hubs. They are advancing #GenAI capabilities and streamlining governance for global organizations #nasscom This sure makes #gatewAI right time, right place. https://lnkd.in/grCywqrY #timesofindia

Did you know? India's Global Capability Centers (#GCCs) are rapidly emerging as hotbeds for #innovation in #GenerativeAI! These centers are transforming into dynamic hubs for developing and testing #GenAI applications, acting as #sandboxes that accelerate digital transformation. With about 90% of GCCs expected to adopt AI technologies within the next few years, major players like Siemens and Thryve Digital Health LLP are already leveraging AI-driven solutions to enhance productivity. India is set to attract over $60 billion in AI investments, solidifying its status as a leader in the global AI landscape. #Innovation #GCC #GlobalCapabilityCentres #Healthcare #healtharkinsights #GCCinIndia