Smart devices are likely to replace the need of having human workers at business companies, a new study has revealed.
Research company Gartner said that smart machines and systems will dramatically change the way companies do business.
Gartner said that chief information officers at companies must change their mission to address the proliferation of smart machines in a widening range of jobs and consider the impact this trend might have on their career paths and on increasing levels of unemployment, News24 reports.
According to the report, the Industrial Age resulted in the loss of many jobs and with globalization, many jobs are moving to countries where labour laws allow for the cheap manufacture of consumer goods.
Gartner said that those companies will face serious impacts who do not adapt to the changing trend of workers in the digital age being more mobile and company systems more automated.
Research Director at Gartner, Kenneth Grant observed that IT cost is typically about 4 percent of annual revenue, while the labour costs that can be rationalised by smart machines are as high as 40percent of revenue in some knowledge and service industries.
The report said that there are concerns that that as the cost of smart machines came down, and implementation followed, there would be concerted moves to oppose the loss of jobs to technology. (ANI)