We are in the 21st century where live revolves around the technology – round the clock and 365 days a year. Can you imagine life without the touch of technology? Surely NOT, the gas stove that you use, the fan that you switch on or the electricity you use and son on… everywhere you have the technology in place. We have accepted amenities like those as an integral part of life. So goes with the information technology (IT) which is deemed as the backbone for any communication or running systems flawless such as banking, education etc. to name a few.

In an endeavor to make things better IT too has progressed step by step with the passage of time. It has now moved into the age of cloudsourcing for quite some time.The question that may be rumbling in your belly is what cloud sourcing is all about? Let’s explore it with monomousumi.com.

What is cloudsourcing?

Cloudsourcing in simple words connotes a process through which organizations spread over a region or geographies can outsource a part or the whole of its’ business process. The company ‘X’ for example, is headquartered in Chicagoand has a branch office in Cape Town. Now, the company ‘X’ outsources some of its business processes through its Cape Town and so on.

How does this cloudsourcing help or what the purpose of cloudsourcing then?

Well, cloudsourcing helps organization in many ways, such as the following though it’s not confined to those alone. You can put the technology to your advantage based on your actual requirement. You have to be in the driver’s seat herefor your growth and development.

• Cost optimization: Input cost for the same type of job varies to a great extent from place to place. The overhead cost, forexample, will vary from country to country while all other requisite elements remain the same. Cloudsourcing overcomes this issue by way of outsourcing processes in whole or in part.

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• ROI (Return on investment):Every organization has to justify its ROI. Backward integration of a process can perhaps make life easier; but may not prove worthy in terms of investment and the subsequent costs therein such as interest on capital invested and so on. Cloudsourcing helps justify ROI through better and wise utilization of the available resources. 

• Achieving quick break even and growth:Organizations around the world are working on the specific time framein terms of achieving breakeven (a no profit no loss situation) point and then moving onto profits. Cloudsourcing helps in that direction by way of reducing costs and better resource mobilization. 

Comparative study of three companies in cloud servicing:

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