The
business process outsourcing industry has gone through several developments in
recent times that have also helped in its expansion. Increased global
competition, new technologies, innovative ideas are driving forces that can be
incorporated in the BPO industry to run the business smoothly. During 2017, the
BPO industry had faced certain problems like shortage of skill, political
issues and other trade-related issues. This situation continued to prevail for
some time and even after this, it is noticed that the BPO industry is
optimistic about the growth of market.
By
the deployment of innovative ideas, business can be expected to benefit hugely
and some of them are cloud computing, process automation including others.
Along with this, it is also necessary to look after the matter that the company
can operate in lower costs and thus maintain consistency. Some of the latest
trends are detailed in the following part of the article.
Emergence of latest
technologies
It
has been seen that over the past few years, the BPO industry has introduced
some latest technological advancements. Some of the technologies are cloud
computing, social media, automation and software that takes growth and lower
costs into consideration. According to CreaghanHarry, technology is the basic of BPO or call centerthat takes the industry
ahead of time with chances of success.
1.
Process Automation – This technology
along with robotic process automation have significantly impacted on the
development of the BPO industry. The outsourcing service is becoming
cost-effective, efficient and speeds up. In this way, the business
organizations are adopting a new process that can easily replace human labor,
and thus it is leading to loss of jobs.
2. Social media management tools – With the help of this tool,
consumer behavior will be affected. Using social media, consumer data and
feedback plays a major role, and it helps the companies to utilize the trends
effectively.
3.
Utility of cloud computing – Virtual
storage system is of immense help to avoid problems of lack of data. For
improved business collaboration between the client and BPO Company, the cloud computing
will be helpful. It also brings facilities of high level of data security.
Moreover, people can have faster access to the data.
Introduce facilities for
multi-tasking
As
the BPO industry is investing in new technologies, there is an increase in the
level of skilled workers. As a result of this, there is a concern about the
shortage of skills. The companies should reduce the expenses of routine service
as more number of people is required in high-skilled operations. In this
relation, Creaghan Harry is of the
opinion that personal growth coupled with professional growth is required for
working in a BPO company.
Start-ups turn into BPO
customers
Start-ups tend to hire talent on a small budget,
and it is also seen that they look into overseas in need of cost-effective labor.
Thus, BPOs and start-ups are becoming mutually dependent as start-ups are
providing talent to the BPO sector in lower costs. In this way, the outsourcing
company is able to boost its work quality.