103. EXPORT DATA SERVICES

Any kind of outsourcing of data entry or data conversion is a good candidate for a successful start up business in India. The hottest thing these days in Bangalore is medical transcription. Doctors and hospitals in the USA send their audio transcriptions via the Internet to Bangalore, India. They send the audio file at 5:00pm which is around 5.00am in India. The workers can do their work so that the Doctor has the text document the next morning.

In Bangalore you can find good examples of companies already doing this. Go to Yahoo and type in "data entry India" or "data conversion India". You will be startled by the amount of information that is available. The potential for this type of business venture is great. Many of the Bangalore companies are growing and adding employees quickly.

The reason there is such a global demand for this kind of work is because companies want to have their documents in a digital format. This conversion may include scanning the document into the computer and then going one-step further and tagging and indexing them in HTML SGML or XML so that it can be put on the Internet and easily retrieved.

The entrepreneurs who are willing to joint venture with Indian partners to start up a business like this will not only make money but will be doing a great service for India by providing high quality skilled jobs.
The Downside: The risk is in, not maintaining top quality work for the client. This has been a complaint of many clients.