“As automation replaces operational jobs and traditional IT requirements, IT companies that have not embraced these emerging technologies are beginning to see receding guidance”
We are on the brink of a technology revolution spearheaded by emerging technologies like artificial intelligence (AI) and machine learning (MI). How this is going to change human lives?
Emerging technology is completely changing the way we live and especially impacting the job market. These technologies spanning across the gamut of automation are evolving in the form of robots, sensors, and automated decision-making systems-says Prasar Sharma, Director, Emerging Technology Programmes, SP Jain School of High Technology.
As automation replaces operational jobs and traditional IT requirements, IT companies that have not embraced these emerging technologies are beginning to see receding guidance, he adds.
According to him, the two examples that exhibit this trend are – one, the emergence of Accenture as the growth leader in the sector leaving the traditional leaders like Infosys, TCS, Wipro, Cognizant et al behind; and two – the expected major layoffs that have already been reported (e.g. Cognizant) even as annual evaluations are still in progress.
Cognizant, Wipro and other major companies are said to be looking to cut roles that have become redundant due to the impact of automation on lower-end IT jobs. As is apparent from the examples above, both companies & IT professionals who do not invest in emerging technologies will bear the brunt of this.
“Emerging technologies are omnipotent today. Internet was the first wave, which was followed by the second wave, apps (and their ecosystems). This has completely changed how humans connect, communicate and operate. We are now driven by data, and that data can be used to perform many operational tasks that were hitherto being carried out by people. The corollary of this is the need for the creation of complex technological solutions that drive automation even further. Therefore, emerging technology is not only changing human lives, it is also inextricably linked with the job market,” he tells in an interview with The Education Post.