No, emerging technologies such as artificial intelligence and automation are not taking away jobs. They are generating more jobs which are quite lucrative too. Emerging technologies poses a big threat to traditional business of the companies so they are forced to look for employees who are conversant with the new technological trends.
As the tech business is being redrawn, it has generated demand for employees in key domains related to emerging technology. According to a report by Simplilearn, one of the leading global e-learning companies, a large number of jobs have been generated in 2018 in the emerging technologies. The study titled ‘Digital Transformation & Future of Tech Jobs in India, identifies five domains — data science, artificial intelligence, cloud computing, cyber security and digital project management — — and reveals how many jobs were generated in these domains in which cities in the country in 2018.
According to the study, the median salaries for these domains are quite high: data scientist: 25,00,000 per annum; artificial intelligence: 20,00,000 pa; cloud architect: 18-30,00,000 pa: cyber security expert: 22-32,00,000 pa; and digital project manager: 15-24,00,000 pa.
Bengaluru, Delhi and Pune lead in generating jobs in these five domains, followed by Chennai, Hyderabad and Mumbai.
As more and more businesses adopt new-age tech, IT companies are tweaking their business models. There are fewer jobs in traditional fields such application maintenance and infrastructure services. More jobs are being generated in automation, cloud computing, artificial intelligence, machine learning and robotics. No wonder, employees with knowledge of these skills also get high salaries.