Tough time for IT sector

Vastavam Web: Automation in every sector is going help the investors more but it would damage the dreams of employees and job seekers in India. An organization conducted research in this aspect and told that around forty percent of jobs will be cut off due to automation especially in IT sector by 2021.Automation is the new norm across sectors and will affect the bottom of pyramid so much so that four out of every 10 jobs globally would be lost due to this by 2021, experts say. Automation is the new normal in sectors like engineering, manufacturing, automobiles, IT and banking. As automation adoption increases, all high transaction and labour intensive jobs will take a hit. According to PeopleStrong CEO and Founder Pankaj Bansal, there will be a visible change in the next 3-4 years, first major effects will be seen in the sectors like manufacturing, IT and ITeS and security services and agriculture.”We predict that by 2021, 4 out of every 10 jobs globally would be lost because of automation. And of these, one in every 4 will be from India. That sums up to 23 per cent of job loss in India,” Bansal said. India produces 5.5 million jobs (across levels) every year, but this number falls short of jobs needed to employ available talent and automation is further increasing the gap.