Ayushman Baruah | Page 4

The proposed framework for expanding GCCs into tier-2 cities marks a strategic pivot in India's tech evolution and the recognition of the immense potential of GCCs as a force multiplier to our economic growth.

Cashify currently has about 200 offline stores that also act as customer service points. As part of its expansion plans, it aims to double the number of stores to 400 in the next 2-3 years.

Under the multiyear pact, LTTS to set up a center excellence (CoE) for Digital Products & Services and Data Management

Large deals have fallen out of favour with end clients due to their tendency to create stickiness, inflexibility, and inefficiency.

Some companies have noted that such initiatives not only accelerate technological innovation but also create opportunities for international collaboration, encouraging nations like India to prioritize similar visionary initiatives.

Infosys revised its revenue growth guidance upwards to 4.5-5.0 per cent in constant currency from 3.75-4.5 per cent at the end of the second quarter.

The BFSI sector dominates GCCs in India, followed by Manufacturing and Retail/CPG. There is also a strong focus on digital technologies, with 85 per cent of GCCs engaged in digital commerce initiatives.

Industry leaders anticipate incentives for adopting emerging technologies like AI, quantum computing, and blockchain, alongside tax relief for R&D investments.

Apart from lack of transparency in the consultation process, issues related to vagueness, over-reliance on discretionary powers, weak accountability mechanisms, and unclear exemptions exist.

Initiatives such as AI-focused curriculums, public-private partnerships for skill-building, and accessible upskilling programs for workers in traditional industries are essential to bridge the skills gap.

India's data center operational capacity is expected to more than double to 2,000-2,100 MW by FY27 from 950 MW in FY24, involving investment of up to INR 55,000 crore, supported by digital explosion and data localization initiatives, according to ICRA

These technologies are driving significant changes in how GCCs operate, enhance productivity, and deliver value to their parent organizations.

Experts believe while these departures can impact business continuity, they are sometimes necessary for both the leader and the organization to thrive in changing times.

Leveraging Infosys Topaz and Google Cloud technology, the center of excellence will foster co-innovation to deliver transformative AI-powered solutions.

Increased demand for automation, advancements in natural language processing (NLP), and rising demand for personalized customer experiences are primarily driving the growth AI agents.

Cumulative investment commitments in the data center sector in India to cross USD 100 billion by 2027. Mumbai, Chennai, and Delhi-NCR to lead data center supply addition

45 per cent of startups in India originate from tier-II and -III cities, a noteworthy trend, backed by the need to solve local problems, diverse funding options, improved infrastructure, robust digital payments systems, and digital-first business models

AI/ML and analytics continue to dominate as the most in-demand job family, while cybersecurity has overtaken cloud to become the second-most sought-after domain.

The company has about 1,600 employees globally, out of which nearly 800 are based out of the India. Most of the company's R&D and product engineering talent sits out of its Bengaluru office.

GCC employees with specialized artificial intelligence (AI) and digital capabilities can secure substantially higher compensation ranging from INR 26-152 lakh per annum.

The story delves into how Experion came into existence and its fast growth trajectory thereafter to become one of the leading players in the product engineering domain

OpenText's India employee strength has grown 15 per cent annually and its Bengaluru office has almost tripled its headcount in the past two years

Nuseir Yassin, Founder and CEO of Nas Company and Nas Studios, shared five hacks for startups to succeed on the final day of the three-day Bengaluru Tech Summit.

Indian GCCs are a USD 65 billion business within the USD 254 billion IT sector in the country, employing 1.9 million people. Of this, Karnataka contributes 34 per cent to the GCC sector.

The IT services sector has shown resilience across several pivotal crises including the Y2K crisis, the dot com bust, global financial crisis (GFC), and most recently, the Covid-19 crisis.

ElasticRun is a B2B e-commerce platform for rural India that helps brands reach out to the deepest parts of the country.

India is on track to increase its workforce from 423.73 million in 2023 to 457.62 million by 2028, reflecting a net gain of 33.89 million workers.

BFSI is the largest vertical for most Indian IT services companies contributing maximum revenue.

ESDS also aims to promote data sovereignty, which implies that data within a country should comply with its laws and be stored domestically

Indian IT services companies like Tata Consultancy Services (TCS), Infosys, Wipro, and HCLTech get a lion's share of their revenue from US clients and any uptick in client spend directly boosts their topline.