The story of outsourcing starts way back when companies were mostly taking advantage of cheaper costs of labor in manufacturing.
Today, when you hear the term ‘outsourcing,’ you don’t just think of manufacturing, but also technical support, sales representatives, programming, financial services, and even writing.
In this post, we’ll be exploring the industries that haven’t fully jumped on the outsourcing bandwagon but have a lot to gain if they did.
1. Data Security
With telematics and the Internet of Things becoming increasingly prevalent, more security breaches are also expected.
With that in mind, companies that focus on providing cyber security should be turning to other countries who have more people with specialized knowledge in advanced security systems.
Outsourced data security companies are typically more ahead of the game since their main focus is to compete with other companies out there that may have the same services.
This leads to even more innovation and a tendency for the BPO company to possess specialized skill sets that are difficult to come by within the local work pool.
2. Artificial Intelligence and Robotics Process Automation (RPA)
RPA is a new player in the BPO industry, and one that hasn’t really taken off as much as it should.
The widespread popularity of automated systems will eventually give rise to more outsourcing needs, especially when dealing with applications that require advanced programming.
Increasing RPA development will benefit other industries since the goal is to automate human tasks that are repetitive, rule-based, and tedious.
Experts in artificial intelligence will be able to finetune these specialized computer programs. The first challenge, however, is finding these experts. This is where outsourcing should come in.
3. Engineering Services
By engineering, we’re referring to the mechanical, structural, or electrical engineering needs of businesses. These services can and should be outsourced, as well.
The demand for CAD, or computer-aided design, is increasing as we approach a generation that relies more and more on computer technology to develop engineering projects and designs.
Companies who need the expertise and thorough knowledge of engineering professionals should turn to outsourcing for their needs, especially if there’s a lack of experts locally.
4. Augmented Reality and Virtual Reality Development
Not many companies have integrated a AR/VR aspect into their key business processes, especially if they’re not providing entertainment services or are not into gadget development.
However, with the rise of VR as a trend and the emerging need for virtual reality developers, it’s hard to see why this too shouldn’t be outsourced.
Some countries may have VR developers that are highly-skilled and can custom-code apps from scratch. These experts will be game-changers when the demand for AR/VR development increases.
We Need to Broaden Our Perspectives on Outsourcing
The fact is that companies and outsourced workers have everything to gain from outsourcing, and the possibilities and applications are almost limitless — if you have the right mindset.
There will be new emerging industries, better control systems, and even stronger government support as more people recognize the global potential that outsourcing creates.