Bangalore - 1 Smile Dental
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Written by Compared with other cities in the study, Bangalore executives are overwhelmingly optimistic about the local environment for digital transformation. Measured business confidence there surpasses the other 44 cities by a significant margin, with an overall score of 8.25 out of 10. Barometer scores are the highest of all cities in all five individual categories. 1 “India now ranks third globally in number of incubators, accelerators: Report”, VC Circle, May 6, 2017. Despite their bullishness, Bangalore survey respondents point to a number of weaknesses in the city environment. While executives give high marks to local education institutions’ ability to equip students with relevant digital skills, 40% say that a shortage of digital talent and skills is a serious inhibitor of their companies’ own digital transformation efforts. Cyber attacks are an increasingly pressing threat as well. It comes second as the toughest challenge businesses deal with, as indicated by three in 10 respondents. Cyber security tops the list of skill areas employers deem the most needed in Bangalore’s workforce. Respondents are extremely positive about the local support for their digital transformation initiatives. Innovation labs are cited as particularly helpful in this respect (36%), as are business associations and their events (24%), hackathons (20%) and incubators and accelerators (20%). According to a recent study, Bangalore accounts for a large number of the more than 140 incubators and accelerators in India 1 . Aside from home-grown players, the city is now home to several accelerators established by multinational technology giants such as Amazon, Google and Cisco. Bangalore India
Transcript of Bangalore - 1 Smile Dental
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Compared with other cities in the study, Bangalore executives are overwhelmingly optimistic about the local environment for digital transformation. Measured business confidence there surpasses the other 44 cities by a significant margin, with an overall score of 8.25 out of 10. Barometer scores are the highest of all cities in all five individual categories.
1 “India now ranks third globally in number of incubators, accelerators: Report”, VC Circle, May 6, 2017.
Despite their bullishness, Bangalore survey respondents point to a number of weaknesses in the city environment. While executives give high marks to local education institutions’ ability to equip students with relevant digital skills, 40% say that a shortage of digital talent and skills is a serious inhibitor of their companies’ own digital transformation efforts. Cyber attacks are an increasingly pressing threat as well. It comes second as the toughest challenge businesses deal with, as indicated by three in 10 respondents. Cyber security tops the list of skill areas employers deem the most needed in Bangalore’s workforce.
Respondents are extremely positive about the local support for their digital transformation initiatives. Innovation labs are cited as particularly helpful in this respect (36%), as are business associations and their events (24%), hackathons (20%) and incubators and accelerators (20%). According to a recent study, Bangalore accounts for a large number of the more than 140 incubators and accelerators in India1. Aside from home-grown players, the city is now home to several accelerators established by multinational technology giants such as Amazon, Google and Cisco.
BangaloreIndia
Most needed skills Main sources of financial assistance
Toughest challenge
Most helpful local resources
Equipping people with the right skills
Overall environment
out of 45 cities
out of 45 cities
out of 45 cities
out of 45 cities
Supply of people & skills
Development of new technologies
ICT infrastructure
Business confidence in the digital transformation environment
Innovation & entrepreneurship
Financial environment
out of 45 cities
out of 45 cities1st
1st 1st 1st
1st 1st
40% 42% 36%
Very effective Innovation labs and centresTalent/skills shortages
Digital security skills Banks or other financial institutions
Big data analytics skills Investors, e.g. private equity and venture capital
40% 62%
42%33%
Bangalore
