ECONOMY
Robots To Steal Jobs
7 lakh Indians to go jobless in IT sector
- TEAM PT
7 lakh Indians to go jobless in IT sector



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 report says a rise in adoption of automation and artificial intelligence would lead to a fall in the number of low skilled workers in India’s IT and BPO service sectors from 2.4 million in 2016 to 1.7 million in 2022.
 
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.
 
The number of medium-skilled jobs in IT/BPO industry in India could rise from 9,00,000 to 10,00,000 by 2022, while the number of high-skilled jobs could rise to 5,10,000 in 2022 from 3,20,000 in 2016.
 
The prediction for IT and BPO/Jobs in India are in line with the global trends. Across the world, increasing adoption of automation and artificial intelligence is predicted to kill around 31% low skilled jobs in this sector, while the medium skill jobs may rise by 13 per cent and high skill jobs by 57 per cent. Globally, the adoption of automation and artificial technology are predicted to lead to a 7.5% fall in jobs, majorly hitting countries like India, the US and the UK.
 
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 report said that in order to encash the increase of high-skilled IT jobs, which are set to grow by 57% in the next five years, near about 20% of the current IT force must be reskilled while we still have time.

"While companies are taking time to build the impact of RPA into service contracts … Time is on our side to manage the transition and train staff for the future,” the report said.

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