In a new report on the IT industry, JP Morgan analyst Tien-tsin Huang discussed the growing reliance on automation and its implications on the labor force. As many companies focus on trimming every last cent of costs, reducing labor expense is a key area of exploration.

Automation Numbers

According to the report, India’s IT employment could shrink by as much as 10 percent in the next three years due to the implementation of self-service IT solutions. Automated services will likely continue to replace low-end, low-skilled employees in upcoming years. In addition, up to 65 percent of business process outsourcing could likely become automated.

IaaS Spending On The Rise

Global cloud information-as-a-service (IaaS) spending is expected to…

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