What Does It Take To Set Up An Overseas Data Science Company in India

What Does It Take To Set Up An Overseas Data Science Company in India

Setting up data science teams in India requires a variety of considerations and traditional models can present some roadblocks.

In the early days of the IT revolution, India was looked at only as an outsourcing destination — cost naturally being the prevailing factor. The IT adoption in India was slow, and people would hardly use any software themselves, even though they were making it.

Now that everything is digital, it gets consumed unknowingly. This has led to India’s adoption growth to increase drastically. To add to that, everybody has realised the importance of data. Hence the sheer volume of the Indian market has attracted many foreign companies who are data-hungry to have a presence in India.

However, setting up data science teams in India requires a variety of considerations and takes time. Traditional models of outsourcing and establishing subsidiaries in India present some roadblocks while doing the same.

Analytics India Magazine caught up with Rajendra Vaidya, CEO of Remunance, to understand the factors one needs to consider while setting up data science, AI, and machine learning companies in India and overcoming some of the roadblocks.

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