Wide penetration of Internet, reduced cost of telecommunications,
and availability of applications such virtual meetings, video
conferencing, project management tools has removed the barricades
that were inhibiting globalization. Further, Software as a Service
(SaaS), Platform as a Service (PaaS), and Infrastructure as
a Service (IaaS) models have simplified and reduced the cost
of managing projects across globally dispersed teams.
Many mid to large sized companies, worldwide, had already
been outsourcing their work to countries like India and China
to achieve better economies in business; but with the availability
of online professional networking platform at very economical
costs, even small companies and Small Office Home Office (SOHO)
are moving towards outsourcing their day-to-day needs to foreign
professionals. Engineering process outsourcing, business process
outsourcing, knowledge process outsourcing, accounting outsourcing,
and legal process outsourcing are some of the popular business
services that being outsourced to India.
SMBs (Small and Medium Sized companies) are realizing that
there are huge benefits of outsourcing
to India as the cost of hiring skilled workers, without
compromising the quality, is almost five times less than what
it costs in other international markets. India is densely populated
country and a large number of this population is highly qualified,
skilled and hard working. Capable manpower with strong English
communication skills is the prime reason that makes India a
favorite destination for companies to outsource their work to
India.
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