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New technology may make 70,000 people jobless

People working in areas like support staff, office administration, and those in maintenance will see their roles being handled by technology, says report

Policy Pulse
Publish Date: Aug 19 2016 2:45PM | Updated Date: Aug 19 2016 2:45PM

New technology may make 70,000 people jobless

 The country will lose nearly 69,000 jobs by 2021 due to the adoption of the technology, a report by consulting firm Zinnov has said. 

 
The number is above the hundreds of thousands of jobs that experts believe will be lost because of automation in Information Technology and will mainly impact unskilled and blue-collar workers. 
 
"Internet-of-things technology will impact 120,000 jobs in the country by 2021. 94,000 jobs will be eliminated, and 25,000 jobs will be created in the five-year period," Hardik Tiwari, engagement lead at Zinnov, was quoted as saying by ‘The Economic Times’. 
 
Internet-of-things (IoT) is the term used to define the accumulation of sensors and chips to machinery which permits them to the monitored and controlled over the internet. 
 
People working in areas like support staff, office administration, and those in maintenance will see their roles being handled by technology. 
 
The new works created will be robot co-ordinators, IoT product managers, network engineers and industrial programmers. 
 
Fresher technologies are anticipated to tighten job supply in some areas. 
 
Last month, research firm HfS forecast that India's IT services industry would lose 6.4 lakh "lowskilled" jobs to automation in five years.