The Paradigm Shift in the Business World

The services that are usually outsourced to third party companies include, transcription services,

chat support, customer care and data entry services to name a few. The main reason behind

outsourcing non-core business processes and tasks to another firm is to reduce overall costs and

turn a profit. How the profit for a company is actually turned when practicing outsourcing is due to

the fact that most companies that are hired to perform the said or assigned tasks are usually

situated in an entirely different part of the world. The significant differences between the economies

and monetary values of the two countries can exponentially boost the profits for the hiring company

significantly. Usually it has been witnessed that many companies that are situated in first world

countries are keen to hire outsourced BPO service providers that are usually situated in a third world

country. Though there are many opinions that outsourcing business processes to third world

countries is draconian in nature because the hired companies are not paid their proper dues, the

more popular consensus is that outsourcing business processes is a win-win situation for both the

hirer and the hired. The company that contracts another firm to handle its business processes gains

access to a qualified team of experts who are really good at what they do, and the hired firm is able

to get work that usually according to their own countries economy is very lucrative. The practice

Business Process Outsourcing (BPO) is not very old and has seen a recent rise in popularity within

the business world.

Application development services are a prime example of outsourcing in today’s digitally adept

world. A strange artificial metamorphosis of sorts has taken place within the human race within the

last decade with the arrival of mobile devices such as smartphones and tablet PCs. Metamorphosis is

the best word that can be metaphorically used for this new phenomenon where such digital devices

have become an active and vital part of human life. Application development servicesare extremely

popular in today’s world because the paradigm of traditional advertisement is changing. Nowadays

companies focus more and spend more on developing unique mobile applications for their

businesses that can actively become part of daily life of a person through his or her cellphone, rather

than spend significant amount of money to advertise its products through commercials on the

television. This is no way means that the television commercial era is at an end, rather it means that

companies are starting to approach alternate means of advertisement for their business that have

till now appeared to be extremely cost effective and productive.

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