With increased utilization of Industry 4.0 comes a greater need for IT assistance. People Matters said, "Some are still reveling in the past glory days of IT boom, not realizing the urgency to transform to navigate the next." IT professionals are a vital part of Industry 4.0, and their skills are going to become even more valuable. "Global enterprises are progressively moving towards Industry 4.0, which has internet of things, automation, artificial intelligence, cloud computing, cybersecurity at the core of its functioning."
Last year, World Bank President, Jim Yong Kim was reportedly quoted saying that about two-thirds of jobs in the developing world may be lost to automation. Significant strides have been made in technology domain of computing, artificial intelligence, and robotics. This reality will enable machines to take over human tasks! In an article published in the Hindu Business Line, DD Mishra, Research Director at Gartner, “Ongoing reductions of headcount in outsourced businesses (due to automation) will eventually result in a scenario where (only) 30 percent of the workforce will remain relevant”. Tech analysts are predicting a tectonic shift in future workplace moving away from traditional pyramid to inverted pyramid, with a lean base at the bottom and heavy on the top. Read More