Technology Advancements Revolutionizing Data Entry Services Outsourcing

Just a few years back, data entry services outsourcing projects were mostly labor intensive, requiring heavy investments in procuring and managing human resources. At that time, the percentage of labor costs contributed more than 90% to the overall cost of these projects. However, with rapid technology advancements, things have changed dramatically over the years. Now, advanced systems and equipment are readily available that not only manage data entry tasks, but also do the same much more efficiently and accurately than humans.

With advances in technology, the percentage of labor costs has decreased in most data entry services outsourcing projects. It currently varies between 65% to 75% depending on the type of project, its complexity and size. As more hi-tech systems, tools and equipment become available, it is expected that the percentage of labor costs will drop even further. Existing tools and equipment used in data entry services outsourcing projects include OCR systems (Optical Character Recognition), high-capacity scanners, automated QA software etc.

New technology implementations have helped reduce operational costs, something that favors both businesses and data entry services outsourcing providers. Improved efficiency and accuracy are other benefits that call for increased use of technology for managing data entry services outsourcing projects. Outsourcing service providers are expected to do the same in the coming years.