Knowledge Process Outsourcing
Knowledge process outsourcing (KPO) deals with outsourcing of financial research, retail market analysis, business intelligence, etc. The KPO provides skilled and intellectual services to complex problems to different companies. So outsourcing has been taken to higher and more advanced level by KPO. KPO needs analytical and intellectual skills of the experts to solve problem. In comparison BPO is still providing simple work like data entry, data merging, bookkeeping, by following standard procedures
The Market of KPO
Today KPO market is about $1-3 billion and it is expected to increase to 8-10 billion by 2010. KPO covers many areas. Some of the growing areas of KPO include pharmaceutical, biotechnology research, analytical services and market research. Most of the KPO service providers are located in countries such as India, Russia, Israel and China, they employee professionals like Lawyer, MBA graduates, and Engineers. Following are some of services provided by KPO providers:
Business and Market Analysis
\r Business & Market Research
\r Pharmaceuticals and biotechnology
\r Medical Services
\r Legal solutions
\r Intellectual Property (IP) Research
\r Data Analytics
\r Training and Consultancy
\r Engineering design and development
\r R&D work on various vertical domains
\r Various educational services
KPO benefits
There are several reasons for outsourcing and most of which are also relevant for KPO. The primary benefits of KPO are 40-60% of company costs are reduced.. KPO can bring different opportunities that a business may not be aware of. By providing a independent framework the KPO team provides independent judgments that allow businesses to get benefited from their research and advice. Also the KPO providers have been working in different but similar industries they can bring in fresh and innovative ideas.
KPO providers offer their clients an opportunity to interact with some of the best brains in the profession without having to hire them permanently. Often the clients may not be able to find the skilled professionals that they need for the job and KPO provides them access to top quality and high-level intellectuals. Good KPO service providers are able to provide excellent infrastructure, multiple delivery modes such as offshore and onshore and can scale up or down their resources.\r Businesses of all sizes can benefit from KPO as it allows them to chart a course of growth and expansion with the support of the service providers. KPO allows companies from across the world to come closer and create a global business community.
The author is the cofounder of Cybelink, a company specializes in small business financial and accounting outsourcing like Bookkeeping, Tax, Accounts Payable, Accounts Receivable, etc. For more info visit
Knowledge Process Outsourcing: A Brand New Type of Outsourcing
The countries, which have established the greatest number of knowledge process outsourcing firms, are India, Philippines and ...
What is KPO, or What is Knowledge Processing Outsourcing?
Overview :Knowledge Processing Outsourcing is popularly known as a KPO. Business Processing Outsourcing or BPO Industry turni...
Knowledge Intensive Outsourcing Consultants
BPO and KPO. They may mean nothing to millions of people, but to thousands of businesses, they mean saving big money by outs...
KPO From India - The New KPO Outsourcing Destination
KPO from India - The new KPO outsourcing destination in India has now established as the most preferred KPO (Knowledge Proces...
KPO in India
Knowledge Process Outsourcing is picking pace in India. In Knowledge Process Outsourcing the focus is on knowledge expertise....
Accounting Outsourcing Nitty-Gritty that You Need to Know
Are you dreading about clearing the accounting and bookkeeping work which has piled up in your desk in view of the approachin...
Advantages of Outsourcing
There is too much talk about outsourcing of even the high caliber jobs to Asian countries especially India. Whats the point i...
Outsourcing Software - Go For IT!
Without the outsourcing of their software development, there are many international conglomerates which would be facing dwind...
Leverage Your Business With Back Office Outsourcing
Back office is that aspect of any business that takes care of all the works related to the smooth functioning of any organiza...
Software Outsourcing India - Your Tool to Growth
Growth and advancement in any field is inevitable and no one can stop this. When the entire world is heading towards advancem...
Offshore IT Outsourcing
IT (Internet Technology) companies from advanced countries are increasingly outsourcing their work to developing countries in...
Financial Benefits of Outsourcing Will Bring Huge Profit to Your Business
Outsourcing, outsourcing and more outsourcing, it seems that this has become the buzzword in business circles. So why does ev...
Engineering Outsourcing - The Next Growth Frontier
Globalization of engineering support services will be the next growth frontier for India and this is expected to create 250,0...
IT Outsourcing
Software companies are required to produce lots of software products for their clients. These software products being used fo...
Accounting Outsourcing Service Comes To Your Rescue
Are you buried up to your ears with the accounting work of your firm? Rest easy and take the simple way out of this instead o...
6 Reasons Why Should Consider Outsourcing
Companies that outsource projects to independent contractors or firms have found out that there are many benefits associated ...
Software Outsourcing India Is A Most Wanted Strategy For Any Business
Corporate business world is witnessing new horizons of success and this is all possible because of software outsourcing India...
The Rise of Philippine Business Process Outsourcing
The Republic of the Philippines has emerged as an important supplier of labor to the global offshore outsourcing market at th...
Outsourcing SEO Serves the Best Purpose
People start off with a business with the sole purpose of gaining popularity and profit. In fact, each person who starts off ...
Do You Need Back Office Outsourcing?
Have you ever imagined how important the back office process is for the success of any organization? All of us realize the im...