'Employers increasingly want candidates who can take AI pilots from proof-of-concept to production-ready systems.' 'That requires governance, monitoring, and ROI measurement -- skills that go beyond coding and into business impact.'
'India has undeniably become the GCC capital of the world.'
India added over 1,300 active tech start-ups to its ecosystem in calendar year 2022, taking the total tally to between 25,000-27,000, according to a recent report. The country continues to be the world's third largest tech start-up ecosystem. The Nasscom-Zinnov Indian Tech Start-up Landscape Report 2022 found that India added the second highest number of Unicorns - companies with a valuation of at least $1 billion - in the world, with over 23 added in CY2022.
Global capability centres (GCCs) are increasingly looking to tap into revenue opportunities from the Indian market, which is already a critical talent hub. While capturing the potential of the Indian market has been in the works over the past few years, it's only of late that companies are gaining momentum. India is home to more than 1,580 GCCs, with a total market size of $46 billion and growing at a compound annual growth rate (CAGR) of 11.4 per cent, according to a Nasscom-Zinnov report.
In 2024 so far, 20 startups have already visited the campus with 80 placements.
'MNCs now recognise India's capacity for innovation and its pivotal role in substantive contributions to global product development.'
IT major Wipro on Monday said it has been ranked as a leader in the global R&D service provider survey by Zinnov Management Consulting for the fourth successive year.
The Indian startup ecosystem recently celebrated the 100th unicorn milestone. It came after a month of no big fund announcements. Compare this to 2021, when three to four unicorns were being added every month. Nevertheless, the 100th unicorn needs to be celebrated since the first unicorn was announced in 2011 - 11 years ago.
The pandemic helped many entrepreneurs including me realise the power of people who share your passion, says fashion entrepreneur Meghna Saraogi.
Over the years, start-ups are struggling more to garner funds as they pass the elementary stages of growth.
Squeezing growth prospects in IT services firms and higher compensation in technology centres run by global companies are the two factors driving this trend.
India was the third preferred centre for innovation after Silicon valley and other US cities.
Persistent, L&T Technology and TechM named among leading service providers
The 'Public Cloud Opportunity in India' study released on Thursday highlighted that the public cloud market comprises 20-22 per cent of the share, while the remaining 78-80 per cent is accounted for by private cloud.
Automotive, healthcare, industrial verticals drive captive centre growth in India, says Zinnov report
Total cloud market in India, now at $400 million, is expected to reach a market value of $4.5 billion by 2015.
Wipro has emerged as the leader followed by HCL , Patni, Infosys , Mahindra Satyam and MindTree in the rating of global R&D service providers across various countries like India, China, Russia and Eastern Europe, according to a study.
'The immediate impact would be delayed payments, followed by slowly ramping down of existing projects while retaining only the ones that are mission critical,' said Karthik Ananth of Zinnov Management. 'In the long run, it would have a trickle down effect on tier one and tier two suppliers for auto majors. They will indeed see an impact on their business, which in turn will impact the business of Indian service providers, who work with them and have them as key accounts.'
The demand for cost control will force research and development (R&D) centres in India to put a check on salary escalations for the next couple of years, a report by Zinnov Management Consulting, a leading management consulting firm, says.
Bharti Airtel has received financing commitments of up to $2.5 billion from top Chinese banks.
India is faced with a shortage of product managers and technical architects. Software product development companies are looking at expatriates to fill the void.
The average salaries for the engineering positions across product development companies in India have come down by 3 per cent. Bangalore continues to be the highest in its pay scale followed by Chennai, Pune and NCR, says Compensation and Benefit Study 2008 Report by Zinnov - a management consulting firm. The reason for the dip is the increased hiring at the junior-level.
The Indian software product sector is expected to register a 10-fold increase in revenues over the next seven years. Revenues may range between $9.5 billion and $12 billion by FY15, from the current $1.4 billion, according to a new Nasscom-Zinnov study.
According to the report, on the MNC R&D ecosystem titled 'attrition, hiring and salary increase 2013' India currently hosts 1,031 MNC R&D centers, growing at around 4 per cent year or year, with an overall employment base of 2,44,000 growing at about 11 per cent year on year.
As 8 new startups join the 2018 club, average time taken to be a $1 billion firm now stands at 5-7 years, next only to China, says a Nasscom report
US firms are seeking Indian engineers to work on technologies similar to their global counterparts
Global IT firms seeing dearth of talent in countries such as US, looking for people with such skills from countries like India
India ranks lower than most BRICS nations in terms of innovation.
India has emerged as a favoured location for captive technology units of Walmart, Lowes and Daimler.
'India cannot function the Chinese way and the sooner people realise that, the better it will be.'
India is the world's third-largest smartphone market.
The industry employs about 10 million workforce.
High return rates in the e-commerce space are making a dent in the margins of e-retailers.
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