Archive for the ‘KPO’ Category
Educational outsourcing is on rise in India
Outsourcing is making great profits in educational field. Students from Britain, US, Canada & many other countries are outsourcing their IT Jobs to earn higher grades.
This is the reason that outsourcing is spreading to other segments besides IT, software, customer service, data management & many more.
The education industry has taken keen interest in the new trend of outsourcing. Students from various countries are now assigning their jobs to many Indian educational scholars. Most of the students are from Britain.
IT students overseas are giving their assignments to Indian scholars. The main reason being that Indian scholars are well qualified and experienced. This also benefits them by cheaper labor cost due to the ever-increasing competition among Indian IT professionals.
As per a recent survey on outsourcing educational projects, it is clear that the students who are outsourcing their IT related jobs, are mostly those who are either not competent in preparing assignments on their own, who do not have enough time or who are lazy & have the money to spend on outsourcing.
In simple words, these students are mainly outsourcing IT jobs to Indian IT professionals. These IT professionals have either individually created their own outsourcing websites or formed a group. The outsourcing educational jobs may be on the rise, but this has made many people doubt the credibility of the whole affair.
However, on a global level, outsourcing is considered to be another way to keep you one step ahead of the competition in case of higher education.
If you like to know further, please contact Mitul Bhavsar on +91-9825095314 or visit www.designwebgraphic.com now.
The basic elements that differentiate BPO from KPO
There are a number of notable differences between KPO and BPO. The six elements that separate these two processes are focus, process, specialization, driving force, activities, and client contacts.
BPO has a process which is much more simple than KPO. While BPO places an emphasis on low level processes, KPO places an emphasis on high level processes such as patent filing, investment research, and legal issues. When it comes to focus, KPO focuses on the application of knowledge rather than processes. The differences in specialization between are primary connected to their domains.
Most BPO workers do not need to have a large amount of knowledge in any specific areas. The primary requirements for BPO workers are a high command of the English language and simple computer skills.
In contrast, KPO workers are expected to specialize in specific fields. Some examples of fields where KPO workers are expected to have specialized knowledge are financial analysis. These professionals are expected to be qualified as a CA or MBA. When it comes to driving force, again, KPO companies place an greater important on knowledge rather than business processes. This is the exact opposite of BPO companies. The activities of KPOs are different from BPOs as well. Any activity that requires specialized knowledge will be connected to KPO, while BPO will use a rigid structure for handling business procedures.
KPO workers can expect to deal with international clients on a regular basis. They will be responsible for communication issues, and direct communication will be essential in situations where complicated tasks must be performed.
A number of people have said that there are few differences between KPOs and BPOs. In reality, KPOs are simply one end of the spectrum. The KPO is an extension of the BPO, and allows businesses and organizations to carry out a large number of processes. There are a number of powerful advantages that can be gained from Knowledge Process Outsourcing.
When work is outsourced to other countries, companies in the developed nations can save large amounts of money on the cost of manufacture. A number of studies have indicated that these savings are as much as 40% to 70%. In addition to this, the profits that are created by the use of KPOs are double the revenues that are obtained from BPOs.
If you like to know further, please contact Mitul Bhavsar on +91-9825095314 or visit www.designwebgraphic.com now.
A Career in KPO Industry in India
India is all set to become the most preferred destination for Knowledge Process Outsourcing (KPO) as it grows to touch the $17 billion mark by 2010, says the Confederation of Indian Industry.
In its recent study-’India in the new knowledge economy’-the CII had said that the services sector would grow at a more than eight percent and its contribution to GDP would be above 51 percent. The study affirmed that India’s transition from being a Business Process Outsourcing (BPO) destination to a KPO destination was imminent.
Everyone ranging from CAs, MBAs, lawyers and now even doctors are heading towards KPO. So what would drive the brains to KPO?
At present KPO offers an alternate career path for the educated. They pay more and the working hours are more civilized. To top all this up there is no need for speciation, a MBA degree or a plain medicine degree does the trick.
One of the biggest problems would be that of ‘attrition’. It is not easy for companies to attract and retain the right kind of employees. Most qualified professionals perceive it to be a low-grade kind of job. Besides popular perceptions about BPOs and pressures of 24×7 environments also refrain professionals from opting KPO companies as a career. “It is quite tough at times to attract professionals who have such a degree of specialization owing to the lack of institutes catering to such specialized training.
Although it is difficult to attract experts from traditional fields, much depends on the package and incentives extended to such professionals. Further, information about the work environment and well-defined policies in the organization becomes a positive factor to induce such professionals to join the organization and contribute towards its growth.
What is KPO and Role of India to Become a KPO Hub
KPO is a new phenomenon that is picking pace in India. It is “Knowledge Process Outsourcing”. In simple words it is the upward shift of BPO in the value chain. Old BPO companies that used to provide basic backend or customer care support are moving up this value chain.
KPO is involved in services like valuation and investment research, patent filing, legal and insurance claim processing, etc, explains Ranjit Singh, CEO, Techbooks, a publishing KPO.
According to a study carried out by Baring Private Equity Partners (India) Limited, a venture capital financing firm, the size of the KPO industry, the high-end services entailed in business process outsourcing (BPO) activities, has the potential to touch $16 bn by 2010 globally.
The ideal KPO employee should possess domain specialization, computer skills & English proficiency. With the Indian way of education which lays great emphasis on higher education & specialization, a talent pool with specialized knowledge in any field is readily available.
The cost advantage of Indian BPO is constantly being challenged by ever increasing might of China and Philippines. As it is mandatory for any living organism to mutate to stay alive in the ever changing environment, so is the case with business processes. Therefore change from BPO to KPO is inevitable and mandatory.
If you like to know further, please contact Mitul Bhavsar on +91-9825095314 or visit www.designwebgraphic.com now
Online Tutors works as Students in US and Math Sir in India
Indian hand had an expertise over fields such as customer support, medical transcription, reading X-rays & preparing tax returns. Indians have been solving queries of customers overseas proficiently and tasks such as medical transcription were accomplished successfully here.
American school students have now realized the importance of personal coaching to enhance their grades and SAT scores. Through the concept is a couple of years old, it has recently been honored by these students. Parents can now avail best coaching facilities for their children at cheaper rates as the Indian online tutors are available at $18-20 an hour; which is much cheaper as compared to the domestic alternatives that cost somewhere around $80-125 an hour.
An Indian software engineer Biju Mathew who was unable to afford tutors for his two children, teamed up with one of his friend based in New Jersey, Saji Philip to start growing stars Inc. the company was started successfully in January 2004 and assisted students with grades 3 to 12.
If you like to know further, please contact Mitul Bhavsar on +91-9825095314 or visit www.designwebgraphic.com now.