Knowledge Process Outsourcing

By Author: sarahjones
Total Articles: 7
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Many experts see that, within the next 10 years, Knowledge Process Outsourcing will be the big trend in the outsourcing marketplace. Outsourcing for high-end knowledge work is said to be as knowledge process outsourcing. It involves research and work on intellectual property, equity and finance, analytics, market research and data management etc: - Knowledge process outsourcing calls for the relevance of specialized realm significant knowledge of a high level. Knowledge process outsourcing is the combined set of business process outsourcing, Research Process Outsourcing and Analysis proves outsourcing. Knowledge Process Outsource Industry is handling more amount of high skilled work other than the BPO Industry. While Knowledge Process Outsourcing derives its strength from the depth of knowledge, experience and judgment factor; Business Process Outsourcing in contrast is more about size, volume and efficiency. Areas with significant potential for Knowledge Process Outsourcing includes pharmaceuticals, biotechnology, data search, integration and management services, financial services, research and analytics, technology research, ...
... computer-aided simulation and engineering design and professional services, such as business research and legal services. Off shoring research and development in pharmaceuticals and biotechnology also holds great potential for Knowledge Process Outsourcing. KPO is not an extension of BPO as the premise of a Knowledge Process Outsourcing is to include it into a global delivery team, the requisite skills that support an organization's core processes. While Knowledge Process Outsourcing is driven by the depth of knowledge, experience and judgments; BPOs in contrast are more about size, volume and efficiency, the report states. In fact, it is the evolution and maturity of the Indian BPO sector that has given rise to yet another wave in the global outsourcing scenario. The success achieved by many overseas companies in outsourcing business process operations to India has encouraged many of the said companies to start outsourcing business process operations to India has encouraged many of the companies. The expectation of high-end processes to India includes cost savings, operational efficiencies, availability of and access to a highly skilled and talented workforce and improved quality. The future of Knowledge Process Outsource has a high potential as it is not restricted to only Information Technology or Information Technology Enabled Services sectors and includes other sectors like Legal Processes, Intellectual Property and Patent related services, Engineering Services, Web Development application, CAD/CAM Applications, Business Research and Analytics, Legal Research, Clinical Research, Publishing, Market Research etc. In today's competitive environment, focus is to concentrate on core specialization and core-competency areas and outsource the rest of the activities. Many companies and organizations have come to comprehend that by outsourcing non core activities, not only cost are minimized and efficiencies enhanced but the total business improves because the focus shifts to the key growth areas of the business activity. According to earlier estimates, the BPO industry itself was expected to be about $20bn by 2008, hence a very significant portion of the sector—in excess of 50% is now projected to be knowledge based. In the report of Global Sourcing Now, it is expected that knowledge process outsourcing industry will reach USD 17 billion by 2010. And a report by Evalueserve predicts that India will capture more than 80 percent of the knowledge process outsourcing sector by 2010.