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Here are trends in GCCs

There are about 3,200 GCCs globally, with 1,700 located in India alone. This number is expected to rise sharply in the years to come. Avinash Vashistha, founder of global strategic advisory firm Tholons,
The article from The Times of India discusses the evolving trends in Global Capability Centers (GCCs) in India. It highlights how GCCs are moving beyond traditional cost-saving roles to becoming strategic hubs for innovation, digital transformation, and advanced technology development. Key trends include the expansion of GCCs into new areas like AI, machine learning, and cybersecurity, as well as their role in driving enterprise-wide digital transformation. There's also a noted shift towards more complex functions such as R&D, product development, and customer experience management. The article points out that GCCs are now seen as talent magnets, attracting skilled professionals and fostering a culture of innovation. Additionally, there's an increasing focus on sustainability, with GCCs adopting green practices and contributing to the company's ESG (Environmental, Social, and Governance) goals. The piece concludes by noting that GCCs are not just operational centers but are pivotal in shaping the strategic direction of their parent companies.

Read the Full Indiatimes Article at:
[ https://timesofindia.indiatimes.com/technology/times-techies/here-are-trends-in-gccs/articleshow/117037821.cms ]