Imarticus Learning
India’s leading professional education institute, offering certified industry-endorsed training in Financial Services, Investment Banking, Business Analysis, IT, Business Analytics & Wealth Management
Foreseeing future innovation and preparing yourself by developing a sustainable competitive advantage over the competition by adopting the right technology at the right time is for separate great visionary business leaders from the rest. The Big Data technology has being there for quite some time, with many businesses reaping from its benefits, while there are other who are struggle to understand and adopt it. What is Big Data Analytics? The process of evaluation of a large volume of data to discover hidden patterns, customers preferences, market trends, competitor insights and various other useful statistics useful in marketing and decision making is known as Big Data Analysis. It uses technology and a combination of various data analytics courses and tools and analyse data and uncover mysterious answers for businesses. The 3Vs of Big Data Just as marketing concept has its own 4Ps i.e. product, price, place and promotion, the concept of Big Data has its 3Vs, i.e. Variety, Volume and Velocity. The volume refers to the size of the data which is growing at an incremental speed. Velocity refers to the speed at which data is being created which once again is increasing at a very fast pace. Variety refers to various forms of data ranging from personal to business data, from source, point of origin format etc. What makes Big Data Analytics so important? Big Data analytics assist companies and businesses to effective collect and utilise their data for discovering of newer opportunities, which in turn can help them plan and implement improve business strategies. With the utilisation of various data analytics tool, businesses have being able to evaluate larger volume of data and obtain a deeper insight. Companies have implemented various data analytics projects to achieve cost reduction, accessibility of data, enable faster decision making, make data more secure and relevant, improve efficiency of various business functions, enhance brand identification, develop and introduce new products and service etc. How does Big Data Work? The Big Data works by utilising various data analytics tools and data analytics processes to process large volumes of data, and obtain meaningful information from it which can be utilised by the business to improve efficiency of various business functions, enhance brand identification, develop and introduce new products and service etc. Big Data is a highly complex system and many companies implementing and using the Big Data systems, themselves do not completely understand how it works, which can be attributed to shortage of talent in the field of big data, data scientist etc. This is an excellent indication that where the future jobs will be and students and young professionals should enrol in data analytics online courses and also get hands on experience in using various data analytics tools. Where is Big Data being used today? Data analytics, Data analytics tools, data analytics courses online, data analytics projects Who are using it so far? Think of a business that completely depends on quick & smart decisions to stay ahead of its competition. Big data analytics is involved in making business competitive & strong. Here is how different industries are using big data; Retail Since ages retail industry is known for adapting new technology quickly, because they are into direct customer service & have immense competition. Shoppers need experience, not just products. Big data helps retailers to identify trends, market segment, and new product recommendation. Healthcare Big data analytics is helping healthcare industry big time. Patient records, health plans, insurance information etc. These are very important aspects related to a patient & insights in these fields are really helping healthcare service providers. Many lifesaving diagnoses and treatment options available because of those data insights. Travel & Hospitality Another service industry where customers expect something more than excellent service. By using big data companies are getting customer data, interests, travel history etc. It actually helps travel & hospitality service providers to enhance their customer service & retain old customers as well as win new. Banking, Finance and Stock Trading There are many challenges in this sector like; securities fraud early warning, tick analytics, card fraud detection, archival of audit trails, enterprise credit risk reporting, trade visibility & much more. Big Data has been used to overcome these challenges by monitoring financial market. Trade analytics is being used by many top banks & financial institutes for high frequency trading. Communications, Media & Entertainment Big data is being used to collect, analyse & utilize consumer insights. Companies use these insights to make their service more consumer oriented & they can increase their reach. By the use of big data companies leverage mobile & social media content. They can customize content & target specific group of customers. Big data is also helpful in measuring the performance. Insurance Big data is being used to get customer insights for new product development. Also is being used for claims management as well as insurance companies are using this to get faster service. Energy Smart meter readers allow data to be collected almost every 15 mins. This data is being used to analyse consumption of utilities better which allows more efficiency, improved customer service and better control. More industries are coming into picture rapidly. Conclusion Visionary organizations who think about future, uses big data for a competitive advantage. They use big data concept both in content & format. If you want to grow, you have to be adaptable as well as do experiments.
0 Comments
5 Fundamental Facts About Change Management ExplainedChange management is a specialized field of study within the context of a particular organization whereby it is a stated fact that change is essentially nothing but a state of transition from the present state of the business to a future one. Business organizations mostly look forward to one singular thing during the entire timeline of its existence: stability. But, as we already are aware of, stability is something that businesses can only dream for but never achieve, at least not in the context of the minute and fine details of the internal and external factors constantly influencing the business itself. However, each and every single organization is supposed to adapt to a particular change that may happen on a large scale basis, and since short term adaptation is just not simply possible, one may assume that the only real way to counter the negative and fatal effects of change is to predict a particular change before the actual occurrence takes place, and apply strategic management principles and methodologies to effectively influence as to what direction the company may take in light of the aforementioned change taking place. Below are some major facts that one should always consider whilst experiencing a major form of change. Addressing the “human side” in a systematic wayChange affects people one way or the other, and, as such, when there is, in fact, a major wind of change happening in relation to an organization, it is the worker and the employees who are most affected. People at the top may change, shifting in the position and responsibilities of a particular job position, learning new techniques and technologies are all in a nicely wound package that are concerned with the people of the company in question. Without having much in the way of major plans and strategies beforehand, it would be nigh impossible to deal with this kind of change effectively, no matter what business management strategy is applied. Starting at the topWhen situations appear dire, people tend to look for their respective superiors in order to find some sort of solution. It is just the case with respect to organizations whereby the members who are most responsible for the welfare of the organization should take it upon themselves to lead the way, and retain a semblance of control and hope in a situation where things might seem to be actually dire and dangerous. Involving every layer of the organizationThe workforce in any organization or company tends to work in layers divided upon a number of factors. The welfare of any organization can be seriously jeopardized if any single layer is unable to face the change happening, and, consequently drags down the company with itself. As such, the powers that be in any organization should properly and carefully analyze every aspect of these layers; this is one of the core concepts of change management. Proper communicationCommunication is very important in the context of any project management instance, and, as a result, proper realization and implementation of communication between every layer and employee of the organization in this particular case. Without proper mode and sense of communication, the people involved in the organization can never properly co-ordinate or prepare themselves to face whatever change might befall and cause a huge amount of confusion and disarray, thus leading to the implosion of the organization from its very core. Assessing the cultural landscapeOftentimes, the change that is supposed to take place can be wholly considered to be socially and culturally inducing in its nature; for instance, suppose the product that a particular brand has been churning out up until now would fall out of favor or be replaced with something new and trendier. Therefore, assessing the cultural and social backdrop that is intrinsically tied to any particular organization is also similarly important. These facts are supposed to represent change management to its very core; there are, however, many others beside this that can supposedly influence and determine if the proper measures and actions are being taken. Thus, as we can see, dealing with change is not a simple feat at all, rather it concerns itself with everything that is on the inside as well on the outside of a specific organization. People you work within Team.Like you, they’ll have come through an exacting selection and training process, and we guarantee that the vast majority will be bright and exciting high achievers who care desperately about what they do every day at work. And in the City banking attracts an international crowd, so you’ll get to know people from all around the world.
Fun at Work.There’s too much to do in this game! You’ll be working in an industry where the rapid pace of innovation keeps things fascinating, and you’ll get to read about what you’re working on in the news. Some roles will give you the chance to travel abroad extensively, and we hear that the social side of things isn’t wrong at all. Monetary Perks, and moreWhat can we say? It’s a lot more than you’ll be able to earn in most other industries. There’re other perks too — private insurance plans, pensions, in-house gyms, travel across the world and (sometimes) freshly baked cookies from your institutions own kitchens. — Wink. The question remains the same. How?We make it simpler for you. You need not necessarily study abroad. Imarticus Learning offers multiple internationally recognised training and placement opportunities for careers in financial analysis. The investment banking courses at Imarticus have been customised to impart practical, instead of theoretical knowledge to ensure no gaps in the academia and the industry. To take your career to the next level, all you need is a counselling session, where you get a chance to meet senior industry experts to guide you, keeping in mind your skills and interest to offer the best-suited training to you. Article Source : https://imarticus.org/what-are-3-reasons-to-join-an-investment-banking/ AI (Artificial Intelligence) is the simulation of human intelligence processes by machines, especially computer systems. Particular applications of AI include expert systems, speech recognition and machine vision. It (AI) is a branch of computer engineering, designed to create machines that behave like humans. Although AI has come so far in recent years, it is still missing essential pieces of human behavior such as emotional behavior, identifying objects and handling them smoothly like a human.
Artificial intelligence (AI, also machine intelligence, MI) is intelligence demonstrated by machines, in contrast to the natural intelligence (NI) displayed by humans and other animals. Machine learning is the essential part of the developing technology of Artificial Intelligence. It analyses enormous amounts of data and comes at customized predictions which can help the user to deal logically with an overload of information. A student of Machine Learning course must be aware of the need of making algorithms since these are what enhance the self-teaching capacities of the system. There are three primary techniques to design an algorithm- supervised, unsupervised and reinforced.
Here is a list of the top 10 algorithms which every Machine Learning student must know about –
While no algorithm in itself can be guaranteed for a specific result, it’s always ideal to test multiple algorithms cumulatively. The ultimate task of an algorithm is to create a target function which can process a set of input into detailed output data. Article Source: https://imarticus.org/what-are-the-top-10-algorithms-in-machine-learning/ Data analytics has emerged as the latest hotshot for companies in recent times with huge opportunities arising in the industry every day. However, everyone has to undergo a stringent recruitment process in order to get a job with a company which may comprise of aptitude tests, GD sessions and then the final interview.
Here are some of the most asked interview questions one may encounter while sitting for a data analytics job. What does a typical data analyst responsibilities consist of?A typical data analyst’s job responsibilities involve gathering and organisation of the data, finding correlations between the analysed data with the data in possession of the company and then applying the knowledge accumulated from it to solve problems creatively. What is some essential requirement to be a data analyst?A comprehensive knowledge of business-related tools along with the knowledge of statistics, mathematics and computer languages such as Java, SQL, C++, etc. are required in order to be a data analyst. One also needs the knowledge of data mining, pattern recognition and problem solving ability along with a good analytics training for the job. What does the term “data cleansing” means?Data cleansing refers to the process of detecting and removing any inconsistency or errors from the data in order to improve its quality. Data can be cleansed in many ways. Name some best tools which can be used for data analysis.Some of the most useful tools for data analysis are –
Mention some best techniques for data cleansing.Some of the best techniques for data cleansing are –
What are data validation methods?Data validation can be done in two manners –
What is logistic regression?Logistic regression or logit regression refers to a statistical method of data examination where one or more independent values are defining an outcome. Mention the various steps in an analytics project.Various steps in an analytics project –
Article Source: https://imarticus.org/what-are-top-15-data-analyst-interview-questions-and-answers/ We all commit mistakes, and there is nothing shameful about it. Learning from those mistakes is what makes your life a step ahead. But, while working as a data scientist, you have to be cautious as one number here, and there will end up giving completely different results.
Here are some of the unintended mistakes you might make while working on piles of data. As a data scientist, you must try to dodge off these mistakes.
The economic sector is now extremely digitized to the benefit of companies and organizations. The techniques to reach out to customers and have a position in the market are no more in need of a physical entity. Digital transformations along with machine learning applications have cut out on various limitations to reach out to customers.
Let’s have a look at the top 5 reasons at how machine learning is the cause for these prospects:
Article Source: https://imarticus.org/top-5-reasons-to-embrace-machine-learning-in-your-organization/ Bitcoin was created in 2007, the world’s first decentralised currency now an accepted form of payment in dozens of countries around the world. As more nations begin to adopt this innovative technology, it’s clear that Bitcoin has the potential to become the new global currency not tied to a specific state or central bank.
To learn more, check out the infographic below: The merits of agility were first pointed in good detail by Charles Darwin himself. According to his words, “In the long history of humankind (and animal kind, too) those who learned to collaborate and improvise most effectively have prevailed.”
As the world today seems to be extremely fast and up-to-date with innovations and inventions, business leaders have started to understand that everything is under constant change or transformation. The technology today is moving ahead at a very fast pace making the growth of the companies a lot volatile. If we compare the situation to the theory put forward by Darwin, we could find that only the companies which have developed the agility required to adapt to the constantly changing landscape of the business are able to survive in the industry for a longer time. Change management has emerged as a critical factor for companies all over the world today. Great business leaders possess the ability to take leverage of these changes and lead the new order rising because of it. In the modern world, the corporate models age very rapidly and in order to survive and thrive in such an unpredictable climate, one must develop the agile programming capability to reinvent at a short notice or remodel at a short span. Those who fail to do so find themselves obsolete and vanished without a trace. The leaders who acquire the ability to adapt to the new norms of agility across the industry rapidly are the ones who can anticipate and predict the changes before they actually happen and act upon these changes in order to ensure the survival and prosperity of their organization even after the change. Viable change management process can be developed and implemented in response to the changes in the market with timely and effective organization support for coping with the anticipated or predicted change. A great man always sees the changes as an opportunity, an enabler; something which can be taken advantage of to reach new heights. On the other hand, those who see the changes as hurdles or inhibitor are more likely to fall prey to the Darwinism effect with their organization ultimately failing or struggling to survive in the new order. A business leader in today’s world must learn on how to integrate and implement change management into the core foundation of their business and must possess the ability and expertise to construct a business design and strategy around it. A great leader would keep his team updated about those strategies and his resources ready at short notice. One can reap huge rewards from the agility of their enterprise by adopting a proper blueprint for integrating such agility into their business and placing the required change management tools and change management strategies in place ready for disposal at short notice. Change management is one of the most effective strategies for implementing changes in the organization. Most of the large organizations use change management systems and tools for the task. One of the most well-known and used change management systems is the Prosci system which is utilized by many Fortune 500 companies all over the world. Change management is necessary as although every leader is capable of developing a roadmap for the ecosystem of the company after the change, not all of them find it easy to execute it. Execution of an idea is difficult unless the tools and manpower associated with it are managed effectively. Adoption of change management systems or architecture rescues one from this burden by easing up the whole change management process in the ecosystem of the organization which can be achieved through agile programming. Article Source: https://imarticus.org/agile-the-art-and-science-of-change-management/ |
About ImarticusImarticus Learning is a education institute based in Mumbai. We offer certified industry-endorsed training in Financial Services, Investment Banking, Business Analysis, IT, Business Analytics & Wealth Management. Archives
December 2018
Categories |