The “GCC in India 2023” report offers a comprehensive examination of the rapidly evolving landscape of Global Capability Centers (GCCs) in India. It explores the different types of centers, including their functionalities and operational aspects. As businesses globally aim to centralize specific functions for better efficiency, India continues to be a preferred destination due to its talent pool and cost advantages.
India’s engagement with GCCs initiated in the early 1990s, concurrent with its economic liberalization. The primary adoption was led by IT and IT-enabled service organizations aiming to tap into the rapidly expanding pool of proficient IT professionals in the country. This success in the IT sector acted as a catalyst, ushering other industries like BFSI, Pharma, and Automotive to establish their GCCs in India.
The subsequent decade saw a broadening in the scope of GCCs, transitioning from mere back-office operations to encompassing intricate processes, product development, and strategic R&D functions. Urban centers such as Bengaluru, Pune, and Hyderabad became prominent nodes, attributed to their robust educational infrastructure and growing entrepreneurial ecosystems.
In the present landscape, GCCs in India have evolved beyond being cost arbitrage units, positioning themselves as pivotal centers of innovation and strategic growth for their parent organizations.
At present, India is home to more than 1,600 Global Capability Centers (GCCs), employing over 2 million professionals. According to various projections, this number is anticipated to exceed 2,000+ GCCs by the fiscal year 2026-27.
The “GCC in India 2023” report offers a comprehensive examination of the rapidly evolving landscape of Global Capability Centers (GCCs) in India. It explores the different types of centers, including their functionalities and operational aspects. As businesses globally aim to centralize specific functions for better efficiency, India continues to be a preferred destination due to its talent pool and cost advantages.
In an era defined by the data revolution, the field of data analytics has become the backbone of decision-making across industries. As organizations strive to harness the power of data, the role of data and analytics professionals has evolved into one of paramount importance. The “Data Science Skill Study 2023” by AIM-Research delves into the multifaceted landscape of these professionals, shedding light on their skills, preferences, and the ever-evolving trends that shape their work.
In recent years, the field of text-based generative artificial intelligence (AI) has witnessed remarkable advancements, revolutionizing natural language processing and generating human-like textual content. These AI models, such as GPT-3, have demonstrated unprecedented capabilities in generating coherent stories, answering questions, and even simulating human conversation.
However, within this realm of immense promise, lie substantial challenges and obstacles that demand prudent navigation. As text-based generative AI achieves unprecedented capabilities, it simultaneously encounters complex roadblocks that necessitate careful consideration. These challenges encompass a range of intricate issues that span from accuracy and coherence to ethical considerations and contextual understanding.
This report aims to explore and dissect the major roadblocks encountered in the domain of text-based generative AI and present effective strategies to overcome them.
The report aims to explore what is Zero ETL and how organizations can utilize the Zero ETL framework to manage their data pipelines.
The report examines the state of data adoption and digitalization across different regions and industries. We have placed these regions and industries into four quadrants based on their level of data adoption and digitalization.
Our reports provide crucial insights into AI/Data Science landscape, enabling decision-makers to make informed decisions. From market size projections to growth opportunities and beyond – our detailed analyses provide key insights into how businesses can capitalize on this rapidly expanding sector.
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