CloudFactory is a new startup that is trying to make it easier for smaller software companies to outsource work. The company aims to create an assembly line of workers in impoverished countries who will complete mundane tasks, such as data entry and content editing.
Outsourcing is something no business wants to publicly be a part of, but in the software field it's a necessity. Entering content and data takes time, which costs money. CloudFactory lets companies outsource such work, with results being completed rapidly, thanks to the startup's global workforce that can work 24 hours a day on a single project. Businesses using the service can post a one-time job, or an ongoing project, and a worker's performance can be tracked using analytics.
CloudFactory may sound like it's rife for exploitation, but the startup was actually founded by Mark Sears, an entrepreneur currently living and working in Nepal. The service aims to help workers from developing countries receive job training and a decent living wage. The company is also donating 10 percent of all of its profits to Nepalese charities.
Digital Assembly Lines
Cloudfactory Makes It Simple for Software Companies to Outsource Work
Trend Themes
1. Outsourcing Solutions - CloudFactory offers a platform for software companies to outsource mundane tasks to a global workforce, providing a cost-effective and efficient solution.
2. Global Workforce - CloudFactory's assembly line of workers in impoverished countries presents an opportunity to tap into a 24-hour workforce, accelerating project completion times.
3. Socially Responsible Entrepreneurship - CloudFactory's emphasis on job training and providing a decent living wage to workers from developing countries demonstrates an opportunity for businesses to engage in socially responsible practices.
Industry Implications
1. Software Development - CloudFactory's outsourcing platform offers software companies a streamlined solution for completing time-consuming tasks, increasing productivity in the industry.
2. Data Management - CloudFactory's global workforce can help businesses handle data entry tasks efficiently, disrupting the data management industry by reducing costs and improving speed.
3. Social Impact - CloudFactory's business model aligns with the growing demand for socially responsible practices, providing an opportunity for companies in industries across the board to make a positive impact while achieving business goals.