India remain so for the foreseeable future and it has been at the forefront of the development of the knowledge process outsourcing or KPO. A number of other viable Knowledge Process Outsourcing or KPO sourcing hubs have emerged in the Asia-Pacific region. The Ovum finds that the new Knowledge Process Outsourcing delivery locations, this includes China, the Philippines and Sri Lanka. This is unlikely to challenge India’s dominant position in the market, however they have enabled many vendors to pursue a multi-shore strategy.
The range of services being provided has expanded as the market has developed in the Knowledge Process Outsourcing and it is already maturing. Its initial beginnings in research and analytics. The definition of Knowledge Process Outsourcing currently includes a variety of services. This includes the legal process outsourcing and clinical trial management.
The Ovum analyst and author of the report said that a major challenge facing life sciences companies is growing cost of R$D. The growing number of pharma companies are turning to outsourcing and offshoring as way of reducing the costs. The attractive location for companies that run and manage all phases of the clinical trial process. It offers a significant pool of potential patients in an important emerging market is China. The Philippines was also becoming an increasingly important player in the Knowledge Process Outsourcing or KPO market along China. In a number of key areas, it has started to carve out a niche for itself, this includes healthcare outsourcing, it provides an industry-specific services to hospitals and healthcare providers.
With a notable increase in demand coming from the US as a result of the recent reforms in healthcare regulations, the market is expected to grow significantly during the next few years. On developing skills around specific service lines, Sri Lanka focused on it. For an instance here, the country has a significant number of a qualified accountants that is capable of providing the kind of high-end complex tasks that is associated with the service like the equality and credit research.
China is recent emergence of countries, the Philippines and Sri Lanka as a viable locations for Knowledge Process Outsourcing delivery that has been a positive development for vendors. IT has enabled them to begin offering a blend of offshore and nearshore delivery while also giving an access to sizeable and previously untapped talent pools.
Outsourcing keep the industry as a strong and stable. Countries who is a destination of outsourcing becomes more active because outsourcing helps the country to become a better one. It makes the people to become more responsible enough in doing their work. When you speak in outsourcing there are lots of responsibilities, opportunities and money that you can get. It is difficult to find a job nowadays though there are lots of jobs that are waiting. Sometimes, the jobs offered in your area will not meet the expenses by your family. Through outsourcing, people can find a lot of employment opportunities. There are lot of different companies that using outsourcing to satisfy the needs of the clients to improve also the work flow of the company.
REFERENCE:
http://www.cfoinnovation.com/content/china-philippines-sri-lanka-are-emerging-locations-knowledge-process-outsourcing
http://state-unemployment.com/2831/outsourcing-opportunity-for-employment-for-those-who-need-a-job/
