In today’s digital age, data is often referred to as the “new oil,” fueling decision-making, innovation, and business growth across industries. However, raw data in its natural state is messy, unstructured, and unusable. This is where the data engineer has emerged as a cornerstone of modern organizations, especially in the context of cutting-edge technologies like Generative AI (GenAI).
In the rapidly changing technological landscape of today, firms are constantly searching for an innovation edge before it is too late. In this endeavor, many of the largest firms have successfully leveraged their Global Capability Centers (GCCs) or Global Centers of Excellence (CoE), especially in the areas of Artificial Intelligence (AI) and Machine Learning (ML). Such centers are usually located in less developed nations and offer an added…
Good credit risk management is not solely dependent on good predictive models, although they do play a significant role. Good credit risk management requires a holistic approach that incorporates multiple factors beyond just predictive modeling.
Setting up a Global Capability Center (GCC) or a Global Center of Excellence (CoE) can be a game-changer for organizations looking to leverage global talent, achieve cost efficiencies, and enhance operational capabilities. However, the process is complex and fraught with potential pitfalls. Here are the top mistakes to avoid when setting up a COE:
India today is home to many large Global Centers of Excellence (CoEs) or Global Capability Centers (GCCs), many of them with 1000+ employees. The earliest CoEs were set up almost 25-30 years ago, when they were simply offshore centers with a few employees performing a defined task. Over time they have become strategic centers with thousands of employees, playing a vital role in not only basic “run the…
Over the last decade, numerous large firms have tapped into the global knowledge pool by setting up Global Centers of Excellence (CoE) in talent-rich locations. More than 200 of the Fortune 500 companies have established CoE's in India alone. This trend is now being followed by mid-size firms and even smaller companies. The key question for these businesses is whether to set up their own CoE or leverage…