Different companies have different requirements. A small company does not require huge volumes to be processed regularly. There is no constant flow of data and at times there is hardly any data to be processed. In such a situation, hiring and maintaining in-house staffs become a liability which could drain the funds and lead to a loss. Outsourcing allows the company to scale up or down at very short notice, in turn, saving the company funds.
Time zone advantage
Outsourcing online data entry jobs to India is like having an office working from 24 hours because of the time difference. Moreover, online data entry solutions cost much less when outsourced to India. Workers in European and American offices can even give the assignments at the end of the day and the work would get completed when they are back in the office next morning. The time zone difference helps companies to achieve much more than what they do locally.
Cost is an important factor to consider for all organizations. The money exchange rates and overall cheaper labor rates, compared to their home country are the main reasons for outsourcing data entry to India. For a company to hire and train people in European or American market is costly. When the same is executed on a contract basis, the infrastructure required is nil, and the funds required also reduce.
The Indian government has adopted an open market policy with laws more flexible for international trade and business. Government has set up many independent organizations to ease the outsourcing process. This industry is projected to grow in the near future too.