The ever-changing business needs in the current global market scenario makes it undeniably crucial for the organizations to focus on their core business processes and shift the burden of the non-core activities on outside agencies. Now-a-days, it is already a herculean task to keep in pace with the dynamics of the business & professional world and organizations are left with minimal time & resources to aid to the secondary business functions.
The year 2020 will mark a new horizon for the outsourcing arena as companies will start leaning in this direction to leverage the advantages. Latest trends also suggest towards the change in focus of outsourcing of non -core activities to the outsourcing of core business functions. Towards 2020 outsourcing will emerge in new strategic key areas like operational & administrative activities, managerial tasks, compliance requirements, innovation strategies, idea generation etc. Gone are those days when outsourcing was limited to data entry and payroll functions. Companies have now started realizing the disguised potential in the offshore markets. In these changing times, Outsourcing is bound to spread its wings, not only for large corporations but also for small projects, individuals and professionals globally.