Tuesday, September 19, 2017

The Power of AI on Indian Information Technology Companies

Most large IT service industries have been investing in automation of procedure in their conventional businesses like business processes outsourcing (BPO) and infrastructure management and application, which means fewer engineers, will be required at the lesser end of the pyramid.

At the turn of the century, a boom in the Information technology sector led by firms like TCS, Wipro, and Infosys interpreted into the creation of thousands of office jobs in the country, and a comparatively easy opportunity to work onsite in the matured markets of US and Europe.

 As these companies were concerned in boring jobs like infrastructure management, client support, and server maintenance, they hired in huge numbers from engineering colleges throughout the country.  But not now, possibly.

Person on AI poised to disrupt IT Industry:
According to a market research, 80% of the offshore IT jobs and 30-40% of finance and accounting jobs in India will be eradicated by robotic procedure automation, which is the technology application to procedure a transaction and perform out other tasks.

Around almost every industry, it is noticed that eradicating ratios is between 30% and 80% of the full time equal working in the Indian services industry because of the impact. Information Technology is open about the fact, which said recruitment of the hundreds of Indian engineering college’s graduates has deducted as they automate.

Not Technology of the Future Anymore:
On hiring features, firms are probably to shift into re-skilling. The whole industry is hiring fewer freshers. Jobs at the bottom of the pyramid are getting robotic. People are hiring more onsite, given the macro environment.  Automation has been changing each sector compressing people, and it’s now the turn of Information Technology. If you consider the several jobs, which any industry has, it is possible that repetitive tasks that can be performed better by systems with artificial intelligence are the jobs, which will go away.
   
They are enduring their constant focus on introducing automation around their projects in the backdrop of pricing pressure in conventional services and they expect this to reflect in our future hiring.

Not each position that is flagged off for hiring, first it is looked within by them. They try to re-skill and assist people move into newer parts instead hiring outwardly.

Essentially not always with negative Implications:
It’s not wholly gloomy picture, however it will force the employee to adapt. Automation will not eradicate jobs. It will bring people to focus their attention on various types of jobs, people that are high on thinking, creativity, and need human interaction. Thus while few jobs get eradicate, numerous more will be created.  


Re-skilling is a challenge. Those who cannot re-skill will be under personal pressure and it will be a matter of survival for them. 

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