Internet of Things to kill 94,000 jobs by 2021, says Zinnov

While Nasscom predicts that Internet of Things (IoT) is poised to be the “next big wave” as it will comprise 5 percent of global IT market and generate $15 billion by 2020, management consulting firm Zinnov reveals that IoT adoption will lead to 94,000 layoffs in the IT industry by 2021.
“Internet-of-things technology will impact 120,000 jobs in the country by 2021. 94,000 jobs will be eliminated, and 25,000 jobs will be created in the five-year period,” Hardik Tiwari, engagement lead at Zinnov, told the Economic Times.

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