Ask a 10 year old kid who loves computer and technology, whether he has heard of Silicon Valley or not and one shall always get a positive response. This is the unmatched popularity of the place. Well, the name has been given such that it portrays information a well along with a unique name. More or less most of the Informational Technology companies crave to open start their business in this region.
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Silicon Valley is a densely populated area with IT companies and computer chip manufacturers. It has got its name from the presence of silicon in semiconductors which are used in chips and machines. The term Silicon Valley has been contributed by Ralph Vaerst back in 1971.
There are plenty reasons for the density of IT companies in the particular location.
- It is said that success yields success. Businessmen are known to believe in the success and potential of the Silicon Valley.
- The success of the firms in Silicon Valley is so much talked about. Thus for potential customers, the reputation of even a new computer company which is located in this valley, is very excellent.
Recruiting new talents:
- While some business owners shall whine about the problem of retaining young talents, others would definitely say that it’s easier to find employees.
- Well, to be honest, everyone in this particular industry would jump on the opportunity of working in the Silicon Valley than working at remote places. Thus recruitment is not a challenge.
A tighter network:
- It is known that utility of a network depends on the number of nodes in the network.
- This region definitely has many more nodes than any other place.
- Owing to a high density of IT firms who are running or kick starting business, they are inclined to help each other.
Regions gain popularity due to its weather, location, strategic advantages and many other reasons. Ambitious, rich and talented people keep in mind all these factors which in turn attract them to this region almost like the movement of iron towards magnet. Infrastructure of this place is extraordinary due to the contribution of experienced workforce and abundant resources.
A union of research and industry
Well, this reason might not be a well known one, but the valley offers potential careers for computer navvy students who want to spent time in their novel ideas of research. The companies has now has a research wing, where young students are taken as interns or other experienced researches are allowed to carry out research work. They contribute new ideas to increase company’s sales, introduce or improve designs and layouts, quality of material and so on.
Being a member of the popular IT crowd
While everyone wants to stand out amidst a crowd, some believe that being a member of a business and technology oriented crowd also helps to boost the overall performance. Contrasting the belief that location does no longer matter if the business has the potential to run, sometimes, it does prove to be a blessing due to the long list of benefits it provides to the users.