Hyderabad is rightly known as the high-tech city. Many call centers, Business Process Outsourcing (BPO) firms, dealing with IT and other technological services were set up in the 1990s making it the hub of BPO firms.

Not just to rest as a key BPO address, Hyderabad has fast graduated to becoming 'Back Knowledge Office' ( BKO ) of the World.

The progress of a township with state-of-the-art services called HITEC City encouraged several IT and ITES companies to setup operations in the city. A rapid growth of technology in this area has led civic boosters to call the city "Cyberabad". Hyderabad has also been referred to as the second Silicon Valley of India after Bangalore. There have been widespread investments in digital infrastructure within the city, which includes several multinational corporations having established centres in the city. The major areas where such campuses have been setup include Madhapur and Gachibowli.

Hyderabad also has the merit of being The Software Training Capital. The city offers innumerable number of software courses that are taken up by thousands from all over the world. Hyderabad is on the brink to become a global city as it has been selected as the location for India's first Fab City, a silicon chip developing facility, being setup with an investment of $3 billion by the AMD-SemIndia syndicate.