Outsourcing - BPO
India a Global Platform for Knowledge Outsourcing
Outsourcing is not new for the country like India. It was started
dates back during 1960s. Business Process Outsourcing (BPO) is
the long-term contracting out of non-core business processes to
an outside provider to help achieve increased shareholder value.
BPO saves precious management time and resources and allows focus
while building upon core competencies. After BPO, India has now
set its sights on becoming a global hub for knowledge process
outsourcing (KPO). Knowledge Process Outsourcing (KPO), a new
terminology is evolved for the business related to the patents
and intellectual property.
As India has the second largest English speaking scientific manpower
pool in the world after the U.S. most of the Global competitors
are looking forward to India to outsource their IPR needs related
to patent searching, prior art search, infringement and validity
search etc,. In a survey it was found that Indian graduates cost
50%+ lower than the U.S. and initial setup cost are half those
in U.S. According to the Rick Wills, CEO, of Tektronix Inc.
"In India, free-market reforms are creating the world's
largest back office, transforming the country into a major force
in IT, outsourcing, and critical service application delivery."
Confederation of Indian Industry (CII) study saying that KPO
would grow at 46 per cent to become $17 billion sector by 2010.
The BPO industry, only 26%. Global KPO pie in 2010 will be around
$17 billion of which $12 billion (70%) will be outsourced to India.”
Thus KPO is going to be global hub for the country like India.
Areas with significant potential for KPO include pharmaceuticals,
biotechnology, and ICT, besides legal support, intellectual property
research and design and development for automotive and aerospace
industries, CII stated.
KPO involves high-end processes like valuation research, investment
research, patent filing, legal and insurance claims processing,
patents and prior-art search, etc. India with its knowledge base
and lower costs will be leading the pack in the race for KPO businesses.
The economy of an industry is fueled by its innovation and thus
there is a need to protect your innovations in order to make money
from them. The firm protection of intellectual property requires
a planned investment of both time and money. There are many ways
by which you can protect your invention to avoid others making
money from your efforts. When a company starts of thinking of
a new project or going to file a patent for a newly developed
product, it is suggested to conduct a state-of-art search or prior
art search. This service is provided by many KPO firms in India
at reasonable cost and better quality. SciTech Patent Art Services
Pvt. Ltd. Is one of the Hyderabad based firm providing a services
to the various Indian and global clients.
Thus it is assumed that KPO will be a global hub among the student
in Indian in near future, with more demand for the people expert
in this area.
Vinod Kumar Singh
Knowledge Scientist
E-mail: vinod.patent@gmail.com
Article Source: http://EzineArticles.com/
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