<ul><li>IT budgets are being tightened, prompting companies to insource critical tech into Global Capability Centers (GCCs) as a cost-cutting strategy.</li><li>Since Covid-19, more than 600 new GCCs have been set up in India, with a focus on IT services and digital transformation.</li><li>GCCs are seen as strategic hubs for digital innovation, offering capabilities from engineering and cybersecurity to advanced analytics and AI/ML.</li><li>The trend towards insourcing through GCCs is driven by a desire for transformation, cost management, and long-term capabilities, with a shift towards a hybrid model that combines insourcing and outsourcing.</li></ul>

Tighter IT budgets push companies to insource critical tech to GCCs

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