India uniquely positioned to capture 35-50% of global CIH market: BCG

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India uniquely positioned to capture 35-50% of global CIH market: BCG - Economic Times

Quick Summary:

Sreyssha George, Managing Director & Partner at BCG, says that global capability and innovation hubs’ spend is currently estimated at $265-290 bn and is expected to grow to $390-420 bn by 2027.

CIHs are centres that provide access to high quality talent and advanced technology to help businesses grow by playing a prominent leadership role in formulating and driving business priorities across the enterprise.

They must also work towards being the custodian of digital innovation and emerging tech with the help of cross-functional talent that leads to end-to-end product development, enabling synergies across business units.“CIHs enable cross-border collaboration with standardised workflows and unified data lakes.