What is the Full Form of KPO?

The full form of KPO is Knowledge Processing Outsourcing. KPO refers to the outsourcing of core business activities, including data that is vital to a company’s value chain or competitively relevant. High-level technological, analytical, and professional experience skills are required for KPO.

The main forces behind KPO are growth in technological expertise, increasing value creation, cost-saving opportunities, and a lack of skilled workers. Outsourcing of the information process is most prevalent in India, Sri Lanka, and Eastern Europe, particularly Romania, Poland, and the Baltic States. KPO is a continuation of corporate process outsourcing, despite the industry being substantially more complicated.

Types of KPO 

KPO facilities include examples for all methods of information analysis and collection:

• Filing patent research on intellectual property (IPR)
• Industry, market, and equity analysis
• Legal and medical assistance
• Instruction, guidance, and research and development in, among other things, the domains of biotechnology, pharmaceuticals, design, and animation

Advantages of KPO

• Reduced cost
• Unqualified personnel
• Most graduates may be found for very little money
• KPO boosts the local economy, lowers unemployment, and offers premium services at a discount
• Allow for some freedom in time management and HRM

Limitations of KPO 

• Loss of business information with safety labels
• It is impossible to guarantee the consistency of the individual or the level of his work
• KPO requires time. Therefore, it is unable to offer the client a quick fix who requires results now
• Boundaries related to language, law, and culture could become problematic if partners are not sufficiently coordinated
• There is no guarantee of the caliber of the workforce or the work
• Lack of Skilled Workers
• The difficulty of communication limits interactions
• Incapable of defending the company’s intellectual property

Must Read: What is the full form of UPA?

This is all you need to know about Knowledge Processing Outsourcing! We hope that you have gathered enough information on the same. Also, if you want to learn more about such various short forms, then visit our page and enhance your knowledge. In addition, you can also contact Leverage Edu for study abroad opportunities.