As technologies like cloud, IoT, AI, and big data continue to grow, the role of machines as “tools” to increase productivity is fading. Instead, machines are becoming workers.
“The emerging threat is not the guy in Bengaluru but the robot next door who’s going to take your job.” – Raghuram Rajan
And if your job requires repetitive work, more bad news for you. A study found that India’s IT services industry will lose 640,000 “low-skilled” jobs to automation in the next five years.
A faulty skill set
According to a report, only 17.91 percent of Indian engineers were employable for the software services sector, 3.67 percent for software products, and 40.57 percent for a non-functional role such as BPO.
Hope over the horizon
In fact, history shows us that advances in tech don’t decrease jobs over an extended period. As the workforce adjusts their skills and entrepreneurs explore alternatives based on the new technologies, the numbers of jobs rise again.
The magic you need
Speaking from a tech perspective, industries that will see high demand and lucrative salaries will be in big data, analytics, mobility, design, machine learning, IoT, and AI.