How machines will change our lives in India

The world is not moving towards a dystopian future just as yet, but one can't deny the effect innovations in the robotics field will have on human life, especially when it comes to a waning workforce as a result of increased use of automation technologies. Experts have already started sounding the warning bells. As per a report published by advisory analyst firm HfS Research in July, the true impact of the emergence of intelligent automation will be felt on the global industry of 15 million IT services and BPO workers, which will see about 1.4 million job losses--a net decrease of 9%--by 2021. In India, the services industry workforce is expected to shrink by 4.8 lakh by 2021, a decline of 14%--HfS Research estimates that the IT services and BPO industry employs about 3.5 million people in the country. Last year, technology research firm Gartner predicted that one in three jobs will be converted to software, robots and smart machines by 2025.