Evolution of Quinary Services
With the rise of knowledge processing outsourcing (KPO) and “home shoring,” the quinary sector has witnessed remarkable evolution. KPO involves highly skilled workers engaged in information-driven knowledge outsourcing, which is different from traditional business process outsourcing (BPO).It includes diverse domains such as research and development, e-learning, business research, intellectual property, legal services, and the banking sector.
KPO promotes business innovation and creates new avenues for growth. Considering future trends in quinary services, such as the growing importance of data analytics, artificial intelligence, and sustainability practices, which will shape the evolution of decision-making roles in the 21st century.
Chapter 6 Quinary Activities| Class 12 Geography Notes
Quinary activities are a type of service that involves creating, reorganizing, and interpreting new and existing ideas. They also include interpreting data and using and evaluating new technology. Quinary activities are a subset of the tertiary sector and are often called “gold collar” professions. These activities include executives, government officials, and research scientists. They play an important role in shaping policies and driving innovation in advanced economies.
In this article, we will look into the meaning of Quinary Activities. We will also discuss the evolution of quinary activities, outsourcing and challenges and opportunities. It is an important concept of Class 12 Geography. Students can go through this article to get comprehensive notes on “Quinary Activities”.
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