India is among the most promising countries for developing disruptive technologies

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India popular for developing disruptive technologies


The Indian tech industry always comes with resilience, agility and innovation – and a latest survey from KPMG says, around twice as many global technology company leaders believe that hubs are still important in driving technology innovation as opposed to those who believe they are not and ranking the country third among jurisdictions that show the most promise for developing disruptive global technologies. KPMG ranked Bengaluru at eighth position among the top 10 cities. More than 800 industry leaders were surveyed for the report which said 39 per cent believe global 'hub' cities such as London, Singapore, and Tel Aviv will continue to play a vital role, enabling talent to coalesce and collaborate in communities with a solid digital infrastructure.



The report found that while Covid-19 has rapidly accelerated new ways of working, most of the employers know this and are striving towards flexible work arrangements including permanent hybrid workforce models. As the workforce disperses geographically, new hotbeds of technically skilled workers will emerge. The world's 'technology hubs' are here to stay although they may not be in Silicon Valley. It presents a great opportunity for India – bolstered further by the urbanisation and younger demographic trends of the country as well as the massive jump in venture capital that India has seen in the last three years. The internet and digital technology are the new superhighways of trade. Tech leaders believe the industry's future success will rely on a balance between physical workspace and greater flexibility. At the same time, engineering talent and intellectual property are the lifeblood of the tech industry and retaining top talent is a strategic imperative.

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    India popular for developing disruptive technologies


    The Indian tech industry always comes with resilience, agility and innovation – and a latest survey from KPMG says, around twice as many global technology company leaders believe that hubs are still important in driving technology innovation as opposed to those who believe they are not and ranking the country third among jurisdictions that show the most promise for developing disruptive global technologies. KPMG ranked Bengaluru at eighth position among the top 10 cities. More than 800 industry leaders were surveyed for the report which said 39 per cent believe global 'hub' cities such as London, Singapore, and Tel Aviv will continue to play a vital role, enabling talent to coalesce and collaborate in communities with a solid digital infrastructure.



    The report found that while Covid-19 has rapidly accelerated new ways of working, most of the employers know this and are striving towards flexible work arrangements including permanent hybrid workforce models. As the workforce disperses geographically, new hotbeds of technically skilled workers will emerge. The world's 'technology hubs' are here to stay although they may not be in Silicon Valley. It presents a great opportunity for India – bolstered further by the urbanisation and younger demographic trends of the country as well as the massive jump in venture capital that India has seen in the last three years. The internet and digital technology are the new superhighways of trade. Tech leaders believe the industry's future success will rely on a balance between physical workspace and greater flexibility. At the same time, engineering talent and intellectual property are the lifeblood of the tech industry and retaining top talent is a strategic imperative.

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    A recent report found that while Covid-19 has rapidly accelerated new ways of working, the world's 'technology hubs' are here to stay although they may not be in Silicon. KPMG survey ranks the country third among jurisdictions that show the most promise for tech innovation. The Indian tech industry has always stood as a byword for resilience, agility and innovation – and a latest survey from KPMG has confirmed that, ranking the country third among jurisdictions that show the most promise for developing disruptive global technologies. The annual Global Technology Industry Innovation Survey, KPMG ranked Bengaluru at eighth position among the top 10 cities.



    According to the report, almost twice as many global technology company leaders believe that hubs are still important in driving technology innovation as opposed to those who believe they are not. India's climb in the survey rankings lends credence to how we as a country are committed towards setting up strong innovation ecosystems. Bengaluru's entry in the top 10 rankings is another sign that the city is doing well in the areas of modern infrastructure, attracting skilled talent and investment funding. More than 800 industry leaders were surveyed for the report which said 39 per cent believe global 'hub' cities such as London, Singapore, and Tel Aviv will continue to play a vital role, enabling talent to coalesce and collaborate in communities with a solid digital infrastructure.

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    A report says, 83% professionals in India intend to upskill in 2023, against the global average of 74%. 71% Indian professionals are confident of retaining their jobs versus 59% professionals globally. Career growth within the same organisation and personal interest cited as top reasons to upskill.

    As technology advances, it is becoming increasingly automated, which means that machines are taking over many tasks that were previously performed by humans. Skills and competencies will drive the future rather than degrees, and old jobs have begun to vanish due to disruptive innovation and technology.

    There are many factory jobs that have been replaced by robots, and many administrative tasks can now be done by software programs. This technological disruption can be particularly challenging for workers who may have spent their entire careers in a particular field or industry that is now becoming obsolete. It can also be difficult for workers who lack the skills or education necessary to transition into new roles.

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