It’s a big $150 billion
Indian IT industry which is changing due to automation of processes in their
traditional businesses like business process outsourcing (BPO) and application
and infrastructure management, which means fewer engineers, will be required at
the lower end of the pyramid.
Infrastructure
management, server maintenance and client support, for which, companies hired
in huge numbers from engineering colleges across the country, which translated into the creation of thousands of
white collar jobs in the country, and a relatively easy opportunity to work
on site in the mature markets of US and Europe.
80% of offshore IT jobs
and 30%-40% of finance and accounting jobs in India will be eliminated by
robotic process automation, which is the application of technology to process a
transaction and carry out other tasks.
According to a recent
World Bank report, automation threatens seven out of 10 jobs in India.
So,now
The focus the industry had on hiring will shift into re-skilling. The entire
industry is hiring fewer freshers.
The repetitive tasks that
can be performed better by systems with artificial intelligence are the jobs
that will go away. So,what we need is, re skilling
in machine learning and artificial intelligence.
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