Posted on 07/06/2016 12:43:00 AM PDT by Cronos
India's $150 billion IT industry is one of the biggest employment generators, accounting for around 3.5 million white collared jobs in the country. However, the IT industry is experiencing tectonic shifts amid rising competition and increasing trend of automation.
A report from US research firm HfS Research says that automation has put to risk 6.4 lakh low-skilled jobs - or nearly one in five jobs - in India's IT and BPO sector in next five years. At biggest risks are more routine or repetitive tasks in the IT sector.
Automation is already making its presence felt in the Indian IT industry. Indian outsourcers are no longer relying on an army of technology workers to drive up their revenue growth.
"India has enjoyed hyper-growth in its services industry for over two decades now, and this is the first time a decline is now setting in, in terms of worker numbers. Its leading service providers will maintain high margins for several years to come, but their growth through linear employee scale addition is on the slide," wrote Phil Fersht, CEO and chief analyst of HfS Research, in a blog post.
However, job losses caused by automation are creating new opportunities in higher value work, says HfS Research. The research firm predicts that 1.6 lakh new jobs would be created in India's IT and BPO sector that require medium to high-value skills.
According to HfS Research, India needs to focus on new avenues for services job creation in IT and BPO sector. "Engineering services in a bright spot, and so is analytics," wrote Mr Fersht.
"Moreover, India has a very strong competency for process and, automation capability. So why not become a leader in helping clients access better data from better automated processes?" he asked.
A large number of jobs in other countries too are at risk from automation. 7.7 lakh low-skilled jobs in the US and 2 lakh in the UK are under threat in next five years from automation, the research firm said.
true, but I mean that many of the integration jobs included coding and those will be gone. the skills needed will be kind of like in the early days of java that you needed the libraries
Comparison of India's crime rates with the USA's shows India's at slightly lower and similar to parts of EUrope, and crime rates in Bhutan which is even poorer are much lower - it depends on the country
Among first world minorities, Asians in the US have lower crime rates than even WASPs
[Like Nigeria, they end up with a trained workforce with few job prospects...]
They will be the next wave of refuges to the U.S.
“Why is it that third worlders and first world minorities seem so highly predisposed to engaging in fraud, violent crime, and even terrorism as a routine way of life? “
They come from low-trust societies and only rely on their immediate tribe or clan. You mean nothing to them.
East Africa - or automation.
Both are already here, and more of both will continue coming...
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