The COVID-19 pandemic and the ensuing two years have not only accelerated learning, but also clearly highlighted the benefits of Globalization – for de-risking business, accelerating innovation as well as digitalization, and creating a moat against external disruptions and uncertainties on the horizon. Adding geopolitical dynamics to the mix, it became crystal clear for companies across verticals, that Globalization is not just a GOOD-to-have, but a MUST-have.
Global phenomena such as ‘The Great Resignation’ and a heightened focus on digitalization have left companies grappling to keep the business momentum at a steady pace. The resultant Talent Wars have also left many a company to go all out in their quest for the best talent in the market, to meet their digitalization objectives and fast-track their innovation agendas. The geopolitical landscape has also kept many companies on tenterhooks, thus leading them to pull back from certain sensitive geographies.
The ramifications of these collective megatrends are that – global talent hotspots or Centers of Excellence (COE) have become critical to ensure business continuity, accelerated innovation, and access to skilled digital talent pools. Hence, emerging locations like Vietnam and Costa Rica have begun to garner attention from global companies; thanks to vibrant ecosystems across technology start-ups, Service Providers, and universities, as well as the ease of doing business in these locations at affordable costs.
With multiple talent hotspots identified across the world, which are the top 5 destinations where all factors and parameters converge to create conducive ecosystems? Which of the locations have the capacity to house 100- and 1000-member software engineering teams? This report unveils these nuances and how companies can leverage the insights from this report to outline robust globalization strategies.
While all 15 countries in this analysis have proven software engineering capability, in terms of building COEs, India, Canada, China, Poland, and Mexico are the Top 5 COE Hotspots of the World.
To accelerate your organization’s growth and innovation journey, while bringing in higher efficiencies and productivity, you need access to the best global talent. We can help you establish high-performing Centers of Excellence with top-notch infrastructure, high impact HR policies, and a partner ecosystem that is conducive for innovation.
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