Outsourcing is a combination out & sourcing, which means outside sourcing for any service that is required. It involves contracting out with any third party or an independent professional that is ready to rent out his expertise in a particular domain or specific service(s) for changing the corporate life. This commercial practice ensures handing over the limited control of services to that third party for a short term. HR process, IT support, data processing, data cleaning, data mining, AI solutions, digital marketing, SEO, web design and development, market & business research, data analytics and knowledge consulting are a few common services that are popularly outsourced on a global platform. All of these and many more services can be outsourced onshore and offshore.
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November 2021
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