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7 September 2017
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IT Jobs (The Total Investment & Insurance
Solutions)
About
7 lakh low skilled workers in IT and BPO industry in India are likely to lose
their jobs to automation and artificial intelligence by 2022, says a report by
US-based research firm HfS Research. The
Total Investment & Insurance Solutions
However, it is not a bad news for everyone,
as the report predicts that medium and high skilled jobs will see a rise during
the said period.
Due to a rise in adoption of automation and
artificial intelligence, the number of low skilled workers in India's IT and
BPO service sectors could fall from 2.4 million in 2016 to 1.7 million in 2022,
it said. The Total Investment &
Insurance Solutions
However,
the number of medium skilled jobs in IT/BPO industry in India could rise from
900,000 to 1 million by 2022, while the number of high skilled jobs could rise
to 510,000 in 2022 from 320,000 in 2016.
The trend in India reflects the global
scenario, as globally low skilled IT/BPO jobs are expected to fall by 31 per
cent, while medium skilled jobs may increase by 13 per cent and high skilled
jobs may rise by 57 per cent.
Following the adoption of automation, the net
job loss in Indian IT/BPO sector across skill levels is expected to be around
450,000, from 3.65 million in 2016 to 3.2 million in 2022. The Total Investment & Insurance
Solutions
The report noted that following the adoption
of automation, globally total jobs in the IT/BPO space are expected to fall by
7.5 per cent with major countries like India, the US and the UK being hit. The Total Investment & Insurance
Solutions
According to the report, Robotic Process
Automation (RPA) is merely accelerating the elimination of rote jobs (routine
jobs).
"The emergence of RPA is eventually
going to sound the death knell for most high-throughput, high-intensity jobs,
as both service providers and enterprises master the ability to apply these
technologies effectively," it said.
It further said, "the next five years we
can manage, it's the five after that when the impact on labour becomes much
more challenging."The Total
Investment & Insurance Solutions
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