ZINNOV
Apple’s robust India quarter; Giva’s $100 million funding
Apple posted record sales in India in the September quarter. This and more in today’s ETtech Top 5.
Law firms draft special teams to help GCCs navigate India terrain
Multinational companies expanding their global capability centres in India may face multiple regulatory and operational challenges going forward. Law firms are forming specialist teams to help these companies navigate complex issues including employment laws and data localisation.
Coders out, VCs in: Investors bet billions on AI-first services
The AI-native services firms’ promise of high margins and rapid growth with fewer people has attracted the interest of VC firms. If Distyl AI raised $175 million at a $1.8 billion valuation a year ago, Wonderful raised $550 million at a $5 billion valuation in September.
AI crowds out fresh grads at Wall Street tech hubs in India
The landscape of entry-level employment for Indian graduates is shifting dramatically due to advancements in AI. As machines tackle more mundane tasks, the demand for conventional positions dwindles. This reality compels new graduates to acquire advanced skills for job acquisition. In response, universities are incorporating AI-focused programs to better equip students.
The economics of India's biggest export industry goes topsy-turvy
India’s $315-billion IT industry faces a structural shift as AI boosts productivity but puts pressure on pricing, revenue and entry-level hiring. Clients are demanding more output for less, while spending shifts towards AI, cloud and in-house capabilities.
DoorDash to create 3,000 jobs at global tech centre in India
DoorDash will create 3,000 jobs in India over the next two years through a new global technology hub in Hyderabad, its second tech office in the country after Pune. The centre will initially focus on customer support and administrative functions, adding to Hyderabad’s growing roster of global capability centres.
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Nearly 70% of India's GCCs stuck at AI pilot stage: Dell-Zinnov report
The report, titled 'India GCCs 2030: From Capability Centers to Agentic Transformation Engines', noted that while ambition remains high, approximately 55% of routine GCC work is currently exposed to AI-led automation, necessitating that nearly 60% of the workforce undergo reskilling by 2030.
70% of India’s GCCs are stuck in AI pilot mode, says report
India's Global Capability Centres are transitioning to focus on creating measurable business outcomes with AI technology. Currently, many centres are still at the pilot stage of implementation without successful transitions. The report indicates that real-world complexities are causing challenges in scaling AI projects effectively.
Happiest Minds-ITC Infotech merger driven by AI revenue pressure: Experts
Several analysts said the deal price signalled stagnant revenue growth as a key reason for the union, which provides a backdoor listing for the ITC Group subsidiary. A joint report by PwC and Grant Thornton valued Happiest Minds at Rs 405 a share and ITC Infotech at Rs 1,312 per share.
IT firms slow-footed to capture opportunity in new AI services: Study
While potential for multiple service options remains huge, new AI-led services such as physical AI, silicon engineering and SaaS replacement are seeing lower capture rates than services built around existing enterprise systems, according to the study by consulting firm Zinnov.
India GCCs move from execution hubs to strategic centres as AI reshapes work, talent and workspace
India's Global Capability Centres (GCCs) are assuming control over product ownership and advanced tech initiatives. They are becoming key players in high-level problem-solving and pioneering research and development efforts. By 2026, the AI talent in these centres is expected to nearly double. Additionally, the demand for office leasing is on the rise, particularly in Bengaluru and Hyderabad, highlighting the trend towards flexible workspaces that emphasize agility and responsiveness.
eInfochips strengthens its position in Zinnov Zones 2024 ER&D Service Provider Ratings
eInfochips retained its leadership in overall ER&D services and excelling in Industry 4.0.
eInfochips leads in 2022 Zinnov Zones Engineering R&D Services ratings
Zinnov undertook an evaluation of over 50 service providers to identify leaders across multiple competencies, verticals and geographies.
Recognition of innovators, mental well-being, childcare top priority in GCoEs' benefits: Zinnov
“With payroll costs increasing at 12% CAGR between 2017 and 2020 and Employee Benefits budget increasing at a 17% CAGR during the same period, it is clear that organizations are using benefits as a key lever of differentiation,” said Mohammed Faraz Khan, Principal and Delivery Head, GCoE Accelerator Platform, Zinnov.
Tech captives in India face rising employee cost challenge: Zinnov
According to the study, due to an increases in number of strategic alliances formed between GICs and service providers, vendor cost is set to witness an increase of 9% in 2019.
Bangalore more expensive for R&D as compared to Pune and Hyderabad: Zinnov
Bangalore continues to be more expensive for R&D as compared to Pune and Hyderabad as per a Zinnov study, "Operations Cost Benchmarking 2015".
Competition spurs R&D centres of MNCs to spend more on healthcare benefits to retain employees: Zinnov
The ‘Employee Benefits Study 2015’ found that as many as 70% conduct medical check-ups, 60% provide gym reimbursement, 45% have an in-house doctor and 42% conduct wellness talks.
eInfochips rated in the "Leadership Zone" in Semiconductor services by Zinnov's GSPR 2015
The GSPR 2015 is a result of an extensive exercise conducted by Zinnov Management Consulting on several product engineering services companies.
Wipro ranked leader in global R&D service provider survey
Wipro today said it has been ranked as a leader in the global R&D service provider survey by Zinnov Management Consulting.
India centre of telecom, networking R&D in Asia Pacific: Zinnov
India is the only country in Asia Pacific region that have research and development centres of all major telecom and networking companies.
'50 pc of Fortune 500 cos to have MNC centre in India by 2015'
India is home to about 200 wholly owned IT / ITeS centres of Multi-National Companies (MNCs), making it the most preferred offshore destination.
Headcount of organisations in India to rise by 13 pc in 2013, says Zinnov
The survey further said that, over the world, firms believe 25 per cent of their current talent will become redundant in the next 3-5 years.
Indian SME market at 4.88 cr units growing at 4.53 pc: Zinnov
The SME sector in India, which is all set to become the largest SME nation globally, has given employment to around 8.11 crore people.
CIOs look to invest 20% more in IT in FY2013-14: Study
Emerging verticals such as retail, healthcare along with manufacturing & telecom will drive the IT budget growth this year, says a study by Zinnov.
Engineering R&D outsourced to India to touch $42 billion by 2020: Zinnov
At least $42billion worth of research and development work product engineering will be outsourced to India by 2020.
Average operating costs per employee for MNC R&D firms decline by 6% in FY12: Zinnov Study
Zinnov has released the 'Operational costs benchmarking study', which states that average per employee operating costs for MNC R&D firms declined by 6% in FY12.
Culture of entitlement widely prevalent among Indian R&D professionals, says Zinnov Study
Management consulting firm Zinnov has released a study titled 'The Culture of Entitlement' to explore employees' expectations of benefits and its impact on MNCs in India.
India's domestic IT spend to reach $36 billion by 2015: Zinnov
Domestic IT market is expected to be $36 billion by 2015 driven by higher adoption in small amd medium business segment, says a study by market research firm Zinnov.
Cloud computing landscape to deliver up to 50% saving to India Inc, create 1 lakh additional jobs by 2015
The study was commissioned by EMC and executed by Zinnov Management Consulting. Its findings are based on a comprehensive survey of over 100 CIOs & IT decision makers.
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