KPMG’s report additionally ranked India third within the listing of nations and jurisdictions that present essentially the most promise for creating disruptive applied sciences.
Bengaluru has been ranked eighth within the high 10 cities listing amongst main know-how innovation hubs exterior Silicon Valley, San Francisco, within the subsequent 4 years, in keeping with a KPMG’s report that additionally ranked India third within the listing of nations and jurisdictions that present essentially the most promise for creating disruptive applied sciences.
The annual report titled, “Know-how innovation hubs”, surveyed greater than 800 trade leaders and confirmed that COVID-19 has quickly accelerated new methods of working, however the world’s ‘know-how hubs’ are right here to remain though they is probably not within the Silicon Valley.
“India’s presence among the many high three international locations, for the second successive yr, for selling disruptive applied sciences proves the nation’s large emphasis on creating well-organised know-how hubs for fostering all-round financial progress. Regardless of the pandemic, India’s Silicon Valley — Bengaluru has been ranked eighth within the listing of high ten world-class tech hubs,” stated Satya Easwaran, Accomplice and Head- Know-how, Media and Telecom, KPMG in India, in an announcement.
“The well-structured infrastructure and assets equipment of the town has enabled many world tech firms to function easily from the town. Other than expertise and funding, Bengaluru can be identified for accelerators and incubators to assist tech firms at each degree of their progress story. I’m assured that, within the coming years, Bengaluru will additional set up itself as a key tech hub globally,” Easwaran added.
About 39 per cent of trade leaders consider ‘hub’ cities together with London, Singapore, and Tel Aviv will proceed to play a significant function, enabling expertise to coalesce and collaborate in communities with a strong digital infrastructure. Solely 22 per cent consider hubs are now not vital. Practically 80 per cent leaders stated that they won’t be downsizing their bodily footprint, whereas solely 26 per cent anticipated to rent predominantly distant expertise.
“The success of the know-how sector has outpaced most different industries throughout Covid-19, with many firms rising considerably because the begin of the pandemic. This has superior the notion that creativity and innovation can now occur actually wherever as collaboration has gone extra digital and extra world. Nonetheless, an organization nonetheless wants to have the ability to innovate, and the KPMG Know-how Innovation Hubs report reveals that bodily workplaces and innovation hubs stay a key element of know-how firms’ methods, though they is probably not situated round Silicon Valley,” added Alex Holt, International Head of Know-how, Media and Telecommunications at KPMG.
The survey included 12 international locations, and about two-thirds (66 per cent) of the respondents have been C-level executives. The info for this publication was collected from March 2021 to Might 2021.