You can see most of the startups (small and big) today are outsourcing their businesses to take care of tedious tasks while also saving money as well as boosting their productivity. It’s a process that involves making an agreement out of a business process to another company. In Western countries, there are lots of businesses who are outsourcing for some of their products in the countries of the subcontinent like India or Bangladesh. Skilled manpower, low pay-scale are the reasons companies want to outsource their businesses. And how is it even possible? The answer is technology. Technology plays a big role to power the outsourcing business. Cloud computing, open sourcing the software, social media, also high speed secured money transferring technologies are inspiring those big companies to get their work done efficiently and of course with low cost.
Cloud Computing: Using cloud computing now anyone can share their processing resources to another computer on demand. Any company can share their resources with others through cloud computing. It’s a secured and fast process for file transferring. As the internet is available in most of the places, any company from the USA can get its job done by a company located in India for instance.
Open Sourcing Software: Open source software can be a great resource for the people living in the subcontinent. Using those free software many talented programmers, designers are making great products for some foreign companies. Also, some tech giants like Microsoft and Apple are open sourcing some of their software, a great initiative not only to make that software available to everyone, but also for a betterment of those companies.
Payment Gateway: While you are doing outsourcing, you should definitely expect a secure and fast payment. So, you need a simple, secure and quick online payment service for international money transfer. And you can easily do the transaction using Mastercard, Paypal, or using the bank swift code if you want. Also, payment gateways like Skrill and Stripe are getting popular these days.
Also, social media platforms like Facebook and LinkedIn are helping outsourcing grow globally. People get to know about some companies through their Facebook page and sometimes get employed through LinkedIn. However, for all those outsourcing businesses, a good internet connection is a must and unfortunately in the African and Asian subcontinent, poor internet connection is still a big issue. As outsourcing business solely depended on technology, this issue must be solved to boost the business.