Knowledge process outsourcing or KPO for brief is a type of outsourcing the place data and knowledge related work are outsourced to a distinct firm in the identical nation or in an offshore location. Popularly outsourced KPO features embody business evaluation, technical evaluation, analysis and development and monetary consultancy companies amongst others.
Firms mainly outsource KPO companies to cut back value and save on different assets. Over the previous ten years India and Japanese Europe have been the 2 most outstanding KPO outsourcing areas. Information course of outsourcing is a good way for an organization with a scarcity of expert professionals to rent the companies of low-cost however expert KPO consultants from one other nation.
How is KPO different from BPO?
Compared with BPO (Business process outsourcing), KPO tasks are more intellectual, knowledgeable and analytical in nature, requiring the skills of educated professionals. While BPO services only require a good command of the English language and some primary computer skills, the same cannot be stated about KPO.
Knowledge process outsourcing work is often built-in with the core competencies of a company. KPO associated work is advanced in nature and is often carried out by licensed professionals who’ve more than one superior diploma. Accounting, legal research, market analysis, web design and content development are some examples of KPO companies.
Top 4 reasons why companies outsource KPO
Over the years, the KPO outsourcing industry has grown by leaps and bounds, as KPO contains information-based business actions that kind an integral a part of a company’s business chain. Here are 4 the reason why firms outsource KPO services:
- Outsourcing KPO helps companies to drastically cut down on cost
- Professional KPO companies provide a company with additional value creation
- Outsourcing gives easy entry to specialized knowledge and expertise
- By outsourcing KPO companies to India, firms needn’t rent or prepare in-house KPO professionals
Types of KPO services
Almost any kind of analysis and data gathering service falls under the class KPO. Here’s a list of some in style information course of outsourcing companies:
- Intellectual property research
- Equity research
- Business research
- Market research
- Legal research
- Medical research
- Research and development (R&D) in fields related to Biotechnology, Pharmaceuticals, Design and Animation amongst others
India – the world’s leading KPO destination
Within the year of 2006, the NASSCOM (National Association of Software and Service Companies) estimated that the whole market measurement of the KPO sector in India was round $1.5 billion. By the year of 2010, Evalueserve estimated that India had taken over 15% of the global KPO market. Ever, since then, there was no looking back for the KPO sector in India. Highly educated professionals, experience in research, fluency in English, low labor cost and a favorable time zone are a few of the components which have result in India’s success in providing KPO companies.
Have you ever outsourced KPO companies earlier than? Which KPO service would you like to outsource? Share your ideas, views and questions on outsourcing with us. We, at Qadra love to hear from you!