The Evolution of Global Capability Centres (GCCs)

.@PhadnisShilpa & @sujitjohn write in the Economic Times that #GlobalCapabilityCentres set up by Multi-national companies in India initially in the 1990s, have transitioned from having business models based on cost arbitrage centers to #Engineering R&D value creators; developing, for example, generic malware signature generators (including by using Generative Adversarial Networks in #MachineLearning) to address issues in #Cybersecurity. The total employment in such GCCs located in India is now estimated at 1 million, with the overall value created of $28 billion.