Knowledge Process of Outsourcing

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It is the evolution in the Indian BPO's sectors that has given rise to another wave in the global scenario which in today’s time called as Knowledge Process Outsourcing. It deals with great knowledge, experience and niche skills. While BPO’s deals with size, volume and efficiency.

                  Several organizations around the world are facing great challenges in launching the product and services in the market due to shortage of less availability of time and professionals. This has also paved way for the KPO industry in the world as they provide various knowledge intensive high sectors.Knowledge process outsourcing is a form of outsourcing in which knowledge and information related work is carried out in a different company or in the subsidiary of the same company which may be in the same country or in off shore location to save cost. It also take low level business in which the procedure can be changed or stopped if there will be any conflict with higher level business plans. 

Services which are involved in outsourcing are

 > Research and development> Learning solution> Animation and design> Medical services> Business and market research> Intellectual property research> Training and consultancy> Data analytic s
> Business and technical analysis> Legal services> Network management> and content development      There are several benefits and risks also in the KPO.

Benefits of outsourcing

1.It is cost reduction.2.Shortage of skilled employees.3.It also provides many graduates at very low price.4.High end services is also provided at very low cost to decrease the unemployment and to provide benefit to their economy.

Risks in outsourcing

1.Security classified information of the company can be lost.2.The character of the employee and quality word cannot be assured.3.It is time consuming as it cannot provide quick fix to the company.4.Lack of communication between the partners due to legal and cultural barriers as it can also lead to complications.5.India is the most preferred KPO outsourcing destination due to availability of skilled work force. 6.There are large speaking population of English. 7.Government of India have also focused on this as they themselves believe knowledge can increase the economy of the country.8.There are several other nations which are interested in joining the KPO industries like Russia, Israel, China, Czech Republic, and Ireland.