Information is Knowledge. Today’s digital economy continues to be a knowledge economy. Knowledge processing is a continuous process of creation and dissemination of information by bringing together the information industry leaders to create knowledge and see meaning in information and its context.
This Information-driven Knowledge outsourcing in known as Knowledge Processing Outsourcing (KPO). It includes a range of sophisticated research and analytics services designed to support businesses, financial services firms, market research and consulting firms, and other information-intensive industries.
While businesses are increasingly faced with various competitive pressures, they are looking at different types of information (or data) to make sound decisions. This data is available from various internal as well as external sources. Businesses need high quality vendors who can drive their business strategy through analytics.
With our strong background in IT consulting, Financial Doctors is ideally positioned to deliver on your KPO needs, by deriving synergies between all of our practices. Take advantage of our extensive experience and expertise in business and technology consulting and IT services. Our Knowledge Services include information services, research services, along with high end analytics.
Advantages of KPO
- Cost-effectiveness: One of the biggest advantages of a KPO is obviously the cost advantage. The company does not have to set up any infrastructure or bear any operational or running costs. And it gets effective, expertise services at a fraction of the cost
- Access to the best talent: KPO’s provide the company with the best, most knowledgeable and skilled professionals available in the global talent pool. And if the KPO is in a developing country like India then the cost of such talent is also relatively low.
- Focus: Outsourcing some of the processes, allows the company to focus on its core functions. The KPO handles the peripheral functions, and the company can better focus on its core functions and improve their efficiency and results.
- Better Utilization of Resources: If the company outsources the process that is not at the core of their business strategy, it can use the resources it saves in better places. Say a company outsources its supply chain management. Then the resources it saves on this can be utilized to streamline the manufacturing process, R&D activities, better marketing etc.