Bengaluru has been rated 8th among major technological innovation centres outside Silicon Valley, San Francisco, in the next four years as per KPMG research. Further, India has been ranked third among nations and jurisdictions that show the most promise for producing disruptive innovations.
The report titled “Technology innovation hubs” notes that Covid-19 has swiftly propelled new methods of working, but the world’s ‘technology hubs’ are here to stay, even if they are not in Silicon Valley. It is based on inputs of more than 800 industry executives.
Around 39 per cent of industry experts predict that ahub cities such as London, Singapore, and Tel Aviv will continue to play an important role in allowing talent to congregate and cooperate in communities with strong digital infrastructure.
Only 22 per cent feel hubs are no longer necessary. Nearly 80 per cent of executives indicated they would not reduce their physical presence, while just 26 per cent said they would recruit mostly remote workers.
The study comprised respondents from 12 countries, with roughly two-thirds (66 per cent) of them being C-level executives. The information for this article was gathered between March and May of 2021.
