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To take full advantage of the opportunities presented by the Net, you should think about establishing a permanent presence
on the Web.
KNOW ABOUT BPO-Business Process Outsourcing?
Business process outsourcing (BPO) is the act of giving a third-party the responsibility of running what would otherwise
be an internal system or service. For instance, an insurance company might outsource their claims processing program or a
bank might outsource their loan processing system. Other common examples of BPO are call centres and payroll outsourcing.
There are an estimated 300,000 mainly young people working in the roughly five-year-old outsourcing industry, which is
set to grow 40 per cent in 2005 and hit revenues of $5.1 billion, according to an industry study.
A study by the National Association of Software and Service Companies (Nasscom) projects business process outsourcing
--shifting jobs from countries like the United States or Britain to countries like India -- could quadruple to 1.2 million
jobs by 2008 and bring in revenues of $21 to $24 billion.
Outsourcing is the delegation of tasks or jobs from internal production to an external entity (such as a subcontractor).
Most recently, it has come to mean the elimination of native staff to staff overseas, where salaries are markedly lower
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