KPO Full Form

KPO Full Form: What Does KPO Stand For?

Do you want to know what is full form of KPO is? Then, here you will come to know what Does KPO stand for? Also all possible Full Form of KPO.

KPO Full Form

The term KPO has many full forms, but out of which most relevant full form is-

KPO Full Form is – Knowledge Process Outsourcing

Outsourcing of fundamental information-related operations is known as knowledge process outsourcing (KPO). KPO transfers work under contract to individuals who usually have a degree and experience in a specific field.

Information work can be performed by employees of another company or a branch of the same organization.

Key Points:

Knowledge Process Outsourcing (KPO) contracts with qualified experts in the field.

Companies use KPO when they need specialized knowledge and experience and when they lack qualified staff.

In an ideal world, businesses would resort to KPO to gain a highly qualified staff at a cheaper cost.

KPO is considered the third generation of the outsourcing revolution:

IT outsourcing is the first generation, the second generation is business process outsourcing or BPO, which appeared in 2002-2003. After they begin to enter the market, companies offering KPO services. The first countries to provide similar services are India, the USA, the Philippines, etc. In Russia, there is still no continuation -experience in its application, but the demand is steadily growing.

KPO involves the management of processes that require in-depth study or serious analytical data processing, formation and management of databases knowledge that can later be used, including for the adoption management decisions.

Geographically, the global KPO market can be divided into the following segments: North America, Asia-Pacific, Middle East, Asia, Europe and Latin America.

Developing countries such as Latin America and the Asia Pacific could become KPO service providers due to advantages such as favourable business environment, availability of qualified -specialists combined with high productivity and low-cost labour force.

These advantages do not exist in developed countries, and as a result, many companies set up businesses in emerging markets.

For companies, the advantage of using knowledge management outsourcing is initially not even the achievement of economic benefits, this type of service provides namely that, for example, the collection of statistical and analysis -technical data, competitive analysis, legal and administrative processes, which ensures the achievement of competitive advantages of companies in the market.

What Does KPO Stand For?

KPO stands for – Knowledge Process Outsourcing

Outsourcing of fundamental information-related operations is known as knowledge process outsourcing (KPO). KPO transfers work under contract to individuals who usually have a degree and experience in a specific field.

In modern times, a fairly rapid transition from an industrial economy to a knowledge economy is taking place, and knowledge is intensifying. The ever-accelerating technological progress is creating new business opportunities in the global world. Production efficiency depends on the quality of information, innovation, know-how, and highly qualified workforce, which determines the application of a new direction – knowledge management outsourcing (KPO, Knowledge Process Outsourcing).

Research shows that knowledge management outsourcing offers economic benefits to the companies that use it. But KPO is currently still developing, and not enough attention from scientists is paid to it. Therefore, although the forecasts are quite optimistic and show that the global KPO market will grow in the coming years, knowledge management outsourcing will be used more actively.

Knowledge management outsourcing as an idea emerged in early 1987 when McKinsey established its Knowledge Center in India.

The term “Knowledge Process Outsourcing” itself was first used in the report “Origins of Knowledge Process Outsourcing (KPO)” by Evalueserve; Evalueserve executive director Ashish Gupta in 2003 coined the term “Knowledge Process Outsourcing” (KPO).

Knowledge management outsourcing has been called “a new trend in the industry”, and it has been designated as “the next step up the outsourcing value chain”.

Knowledge management outsourcing allows organizations to outsource various tasks of a relatively high level to third parties, regardless of their geographic location, and draw on expertise and skills that are wholly or partially lacking in the company.

Another definition of knowledge management outsourcing describes it as outsourcing the main business activity that allows companies to be competitive or an integral part of the “chain” of creating a company’s value.

KPO is considered the third generation of the outsourcing revolution: “IT outsourcing” is the first generation, the second generation is business process outsourcing or BPO, which appeared in 2002-2003. After that, companies offering KPO services begin to enter the market.

The first countries that began to provide such services are India, the USA, the Philippines, etc. There is still no long-term experience of its application in Russia, but the demand is constantly growing. KPO assumes the management of processes requiring deep study or serious analytical data processing, formation and management of knowledge bases, which can later be used, including making managerial decisions.

Geographically, the global KPO market can be divided into the following segments: North America, Asia Pacific, Middle East, Asia, Europe and Latin America. Developing countries such as Latin America and the Asia-Pacific region have become KPO service providers due to advantages such as a favourable business environment, availability of skilled workers, and high productivity and low labour costs. Developed countries do not possess, and thus, many companies set up businesses in emerging markets.

LPG Full Form

What is Full Forms of KPO

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Final Words:

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