July 14, 2020
Oman has a predominantly oil-controlled economy; oil and gas contributes to 50% of the GDP. However, plans are underway to diversify into other sectors in order to reduce its dependence on petrol. Petrochemicals, steel and mining are a major focus of investment. Oman is also interested in shaping itself as a regional logistics hub as well as a tourist destination.
Many of the businesses, organizations, and companies in these sectors often generate and accumulate large volumes of data in the form of documents, invoices, forms, excel sheets, records, receipts, and other such information forms. A streamlined process of indexing, sorting, data entry and data processing is required to ensure that business productivity and efficiency remains above par. Some industry verticals and sectors may be particularly document intensive and require efficient ways of managing their data.
One of the key non-core business functions is data entry. Managing data entry of large volumes of data in-house can be extensively time-consuming and resource intensive. However, when a non-core activity such as data entry is outsourced to a professional and reliable offshoring partner, it can help the business reap great benefits in terms of costs and productivity.
Outsourcing as a strategy to streamline business processes is on the rise in the Gulf region. It was pioneered by the banking and financial services sector. 52% of Gulf companies are outsourcing their IT or business functions. Outsourcing in Oman has enormous potential as the government is bent on diversifying into different sectors as part of its long-term planning. As an example, Oman government plans to outsource some part of the functions related to airport development. The drivers for outsourcing include improvement of quality and increase in the speed of implementation of projects.
In this regard, companies in Oman will assuredly find that a long-term cost-effective answer for managing their non-core business processes is to collaborate with an expert data entry outsourcing services provider. Data Entry Hub , an BPO with global outreach, has 10 years of experience in providing data entry outsourcing services.
It has been proven that improved quality/service outcomes can be achieved through outsourcing of non-core business tasks like bulk volume data entry and implementation of agile practices. It would help businesses develop on their core business goals and maintain their bottom-line growth.
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