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
With the growing application of the field of data science in various verticals across the industry, there is no doubt in the fact that any stone would be left unturned. This is very true especially in the context of India’s strategic policy of security. This comes right after the recent news that CISF which is also known as the Central Industrial Security Force, which happens to be a national agency has announced that there is a need to secure all of the important assets especially when it comes to evidence, which is why they have come up with a novel idea of creating a ‘media lab’ as well as a social media monitoring room at its base near Chennai. Now what is interesting is the way this is going to be achieved. Precisely through the use of social media directly. There are numerous social media trends that will be followed and tracked and then the data analytics professionals with analyse them and process the same in order to ensure as well as monitor the security of our country’s most vital assets both physical in nature like the airports, the nuclear reactors and aerospace installations as well as virtual in nature like confidential data stored in the cloud. This media lab is supposed to be created basically for the purpose of usage by the Pattern Research for Institutional Social Media (PRISM) analytics at the Chennai base of CISF. This whole project will include a team of trained professionals who are basically CISF agents. These officers would be trained in order to learn how to track social media trends, the various news and snippets available online and offline, reports and various other indicators across various platforms in order to collate them and help dish them out as pieces of vital information. These would then be referred to as pieces of “actionable intelligence” to various places of transit like airports and so on. The paramilitary forces will also be roped in this exercise and there will be various platforms that will function as their sources. These platforms would range from websites like Twitter, Facebook, YouTube, and Flickr and so on in order to keep a check on any such activity that guarantees some sort of suspicion. The Director General of CISF, Mr. OP Singh said, “WE are doing this on an experimental basis. The PRISM control room is based in the southern part of the country as we have a sizable number of units that have armed security cover in that part. Based on the experiences this smart centre will be further bolstered. There will be a special team of our men who will be keeping a track of social media trends in order to keep all of their physical assets safe and sound from any injury.” The success of this experiment would ensure that the security of our country will get a huge boost and thus at the same students will want to train more in the field of data analytics through institutes like Imarticus Learning.
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Earlier days there were quite of few things and entities that you could very surely say were present everywhere around you. Most of them happened to be intangible like air and other gases, light and so on. But the way our world has been technologically revved up and has been evolving so far, there happens to be one more addition to that list of things. This addition is of the field of data science. This field mainly deals with data and data is literally everywhere today, from your I-Pod to your savings account, there are almost no virtual spaces on the world wide web where the data or even the traces of the same do not exist. One thing is for sure, this data does not just exist, but it is continuously growing and that too at quite the rapid rate. This is because almost each and every single one of us is creating data every single millisecond. As the population grows at almost an alarming rate, the standard of living also grows simultaneously and the result is very much visible in the use of mobile phones and the free and easy access to the internet for almost everyone out there. This phase of the 21st century is rapidly being transformed in to quite a formidable era where most of the companies, earlier unwilling have chosen to adopt software analytics technologies in their very approach. As there happen to be millions and millions of great developments on the socio-economic front as well as the increasing decrease in the cost of data collection, storage and processing is why the name big data came into being in the very first place. The impact of this field of data science and the combining field of data analytics is not just on corporations or the governments, there are many others too who seem to be taking huge strides in this arena. India, one of the fastest growing economies has emerged as the third largest hub for the establishment of start-ups on the global level. At the same time Indian consumerism is also growing by leaps and bounds lately. This can be chalked up to the very feeling of entrepreneurship that is time and again experienced by the middle class. As there happens to be a push for the digitalization of the country, there is a similar push for the invention of digital payments, alternate to the various other types of payments. This is all the more true because of some of the overall changes like that of the demonetization. It is in news recently that the centre is also rapidly taking up measures to strengthen and make every single governmental institution from banks to railways accept payments that are digital in nature. With this entry of big data in the field of economics, it is soon to be seen that there will be a higher demand for industry trained professionals, only those of which institutes like Imarticus Learning would be able to provide to take the world of data a step ahead. It is a universal truth that Monday more often than not are just the worst days of the week. This day that starts the week, means that there is another mountain like load of work waiting for you to sort through at the office. This is why many individuals or professionals face what is known in today’s popular jargon as ‘Monday blues’. These refer to feelings of fatigue, irritation and total and absolute unwillingness to even start off the week because you have to go to the office. Earlier times it was just accepted as popular opinion, but Big Data Science has quite about confirmed it for us all.
The University of Vermont Complex Systems Centre has got researchers that analyse the kind of tweets that are posted by people on a daily basis. The purpose of this exercise is to find out the happiness sentiment, think of it like more of a mood calculator, but for everyone. And according to these experts it is believed that Monday happens to be the worst day of the entire week while the mood slowly increases and becomes more and more normal and lively, thus peaking on Saturdays and then following the crash and burn cycle again. All of us have watched those cat cartoons where these cats get up with drooping eyelids and irritated faces and have to go about their day. But the amount of data that seems to be generated on a daily basis today and is more so developed quite on the level of the general public coupled with the improved and advanced mechanisms of analytics, could offer various new insights on how exactly the society as a whole works. A treat for all those sociologists and anthropologists who are always ready for some or the other new findings in to the psyche of the human mind. This university’s team of researches has tried to dabble in quite the impossible by trying to pin point the happiness quotient in the human population. While trying to calculate the wealth and productivity among people is quite easy but at the same time it is quite difficult to land on the calculation of the happiness level. What this team of researchers does is they take a sample of about close to 50 million twitter posts a day which is supposed to be roughly 10% of the website’s traffic. Then they give scores from 1–9 to certain words out of the 10,000 commonly used words on Twitter and then draw a graphical analysis. Once they are done with that they come to various conclusions regarding how the map tilts or what is shown on the graphs. This technique is also used for various other days like for instance the day of the shooting at Las Vegas was supposedly the saddest day on Twitter. Such are the various possibilities and avenues opened up by the field of Data Science and with more and more professional training institutes like Imarticus Learning coming into the picture, the dream is soon becoming a reality for many. When an investment banking aspirant thinks about working in a bank, there never really is any consideration of working in a local bank or even working with any of the small-scale businesses or individuals. These golden fringed dreams usually involve big names like Morgan and Stanley, JP Morgan, Goldman Sachs, Deutsche Bank, Brain Capital, Sequoia and so on. Apart from these big guns, the dreams of many a wannabe investment bankers include strolling along the prestigious halls of Wall Street in the most gallant of manners. But the more important question here is how exactly they are able to achieve and if they are, then how many exactly reach there.
As a rule for us Indians, anything foreign, especially if it belongs to the British or the Americans is considered to be the best quality ever. Which is why we see thousands of students every single year, battling it out to get either hired by internationally recognised banks or even get an internship among these top gun institutions. Mostly the majority population follows the same old rule of going down the much-beaten path of an MBA and then go ahead and just get them some experience within one of these firms. But then again not all of those who enroll themselves in these courses really are able to achieve exactly what they set out for. Let’s take an international example first. The foreign countries are especially crazed about Ivy League schools and similarly trained professionals, mainly because of the fact that it is considered that education imparted here is the best quality. The Harvard University annually holds a stock pitching competition where it invites pitches from groups of students all over the world. These pitches are then narrowed down to just the top 15 groups who are then invited to the real and live competition. But recently there seems to be a rather unusual turn of events in this competition. For the first time, it wasn’t really an Ivy league group only party, as there was present a group of students who belonged to a non-Ivy league college. Their win was guaranteed because of this new and unconventional course that was taught to them in their college which was called Investment Banking for the Street Analyst. Similar is the case with the students of our country. While it may seem that the majority of people are all but ready to jump on the bandwagon of MBA courses as they feel that, this is one sure shot way to enter the field of finance and investment banking. While this may be true to some extent, but it is not really the only rule here. There happens to be a mushrooming of rather unconventional, vocational training courses, which are both less expensive and of lesser duration than the long drawn MBA courses. This is why quite a sizeable number of students lately have begun to opt for such training programs, which are also industry endorsed in order to become an Investment Banking Analyst. There are many such institutes available in India like for instance Imarticus Learning. These days our country in particular and the world in general are facing a huge unknown demon in terms of the issue of breach of privacy. While Snowden from the fame of Wikileaks had already released the confidential documents of the kind of secret surveillance, which the powerful countries had in place to keep a tab on developing centers of powers, in particular India. What is more baffling that maybe the capitalist brigade of our own country also has the potential to compromise our data, if they ever fall prey to the advent of various dangerous viruses like Petya or Wannacry.
With the newest run in of the Government of India with the Supreme Court regarding whether linking of our Unique Identity Cards or Aadhar Cards with our phone number, has prompted the running of a lot of questions in the minds of the general public. This is worrisome mainly because of the recent reports of data base hacking of prominent telecommunication network companies like Jio and Airtel. These databases that were hacked into and put out on public display included everything regarding the clients, ranging from their phone numbers to their address as well as their Aadhar card numbers, those very numbers that were also linked to the bank accounts. This makes one realize how easy it is to fall prey to attacks from such sophisticated viruses all due to the concept of collecting information and the not being able to protect it properly at all. Data science is basically referred to as a field of information technology, which is primarily involved in collecting of huge amounts of data, which is previously unstructured and mostly scattered too, processing it and finding out the most important parts of the same. Then this processed data is run through various data analytical tools like R Programming, SAS Programming, Hadoop and so on to find the perfect kind of insights that will be available for helping the company progress and grow both strategically and economically. While the constant fear of a data breach is perpetually looming like a sword on the heads of these companies, it is also true that the field of Data Science may have all the answers for our protection. With new and new developments taking place almost every single day, we see the professional Data Scientists, building various versions of algorithms which will help ensure that proper functioning of data, all of which are often a result of the procedural and technical approaches put in place in order to manage the risks of the various organizations, the most important of which refer to protecting of the valuable data of the people. Today it is more important for companies to shift their focus from just depending thoroughly on algorithms especially when it comes to collection of data and the sources from where it is usually collected, to the more important question of what use is it put to and how to ensure the proper processing of the same. Which is why today employers seek candidates having an edge over the general public and especially those who are able to be industry relevant like the ones churned out of professional training institutes like Imarticus Learning. Did you know that when it comes to the healthcare sector, there exists umpteen amounts of data therein? To be precise there exists about 50 petabytes of data and this data is predicted to grow substantially in the near future. There are experts who say that the data will reach close to 25,000 of petabytes by the year 2020. This clearly shows that the healthcare industry is almost spearheading in the field of collecting data, which basically is made up of various clinical records, medical care, compliance and regulatory requirements and so on.
The good news here is that the application of data analytics, especially in this field has increased manifold and is almost parallel to the growing amounts of data. This is why more and more data analysts and data scientists are employed herein who are supposed to derive insights from this enormously useful data. What worked in the favor of health sector was the fact that there was a lot of accuracy in the identification of the associations, trends and patterns which help empower the system of data analytics and similarly increase the possibility of saving more lives. This data so collected is put to use by supporting of a wide range of health services as well as in the taking of clinical decisions, the management of the population, disease detection, and pharmaceutical research and so on. These developments will almost always have a positive snowballing effect as in the development of a sound healthcare plan. As the information of public health care widens, the professionals working in this field can go ahead and filter out the various types of public data and bring out the best and the most useful of all. This in addition to the various data analytical methods is why today a lot of medical practitioners have been able to work with huge amounts of unstructured data as well as to actually figure out insights within them. Nowadays, most of the official data that people usually work with, comes from the information systems that are in place in the hospitals. These information systems refer to electronic medical record systems, laboratory information systems, picture archiving and communication systems, radiology information system, clinical decision support system and many more. While these systems do happen to be the source of all the data, but at the same time there also exists the various machines and medical devices that help in the gathering of the data. These machines could range from an ECG machine, the data from the blood banks as well as the data that is gathered from various search engines and so on. Apart from just being able to handle data efficiently, one major thing that has happened which has greatly transformed the healthcare sector, is the process of disease detection. Today we are able to not just detect diseases but also help in the prevention of the same. This has all most definitely happened owing to the kind of technology that data science has given us. There are many data scientists who have gained their knowledge either on their own or have gained it through various professional training institutes like Imarticus Learning. Companies, especially in the field of data science, are known to be quite the picky employers, for the very reason that there exists a lot of competition in the industry. There has been a study quite recently, the findings of which state that a number of data scientists who have been already working as professionals, learned to work the way they do not through a proper course of formal training but rather through either a professional training course or through those courses that are available online for free.
Professional training courses today, have been very much on the rise mainly because the industry has begun to actually be transformed into this quest for the most suited employee. This is because the companies today don’t just want anyone who can wing it, but rather want a professional who is able to sort out things and get the work done in the most effective manner possible. Which is why candidates are today looking to get thoroughly trained in order to become industry endorsed and are similarly looking to do professional training courses to achieve the same. In the context of India, there are quite a few professional training institutes like Imarticus Learning which are rising in popularity in terms of training candidates to be industry endorsed. When companies look for candidates, there are few chosen tips that they all follow
Urbanization is referred to not just a change in the way people dress as opposed to how they had been dressing in the earlier days. It refers to a more inclusive change especially when it comes to infrastructure, residence, industries and an overall change in the way of living of the residents of the particular areas. While many tout this very urbanization as the best blessing that any country can get, there are still quite a few sceptical people in whose favor the rational scale tips. This is because of the fact that there are so many downsides to this ever increasing process like rapid environmental damage, pollution, increasing gap within the rich and the poor and so on.
There are many challenges that are faced on the global level which have seemingly emerged from this very process. These challenges refer to mainly the climate and the sustainable use of energy resources as well as natural resources and at the same time ensuring the health, sanitation and development of all the citizens. While the cities grow, at the same time so do the communities. Of these very communities there is one scientific community that seems to be making progress literally by leaps and bounds. This is the community that deals with the field of data science and data analytics. As the major chunk of this data is available in the urban areas more so, this is why there are many others who are able to open up new data initiatives and creating of new opportunities for the collaboration between academia and the local government and so on. While it is true that the development of big data and the many changes portrayed by it are almost on the national level and are helping growth in various fields like security, economics, military and so on. There still happen to be a lot of questions, especially urban in nature which will only be answered when this data grows even more and even faster than the rate at which it is growing right about now. There is today a requirement of new horizons to be challenged and spatial parts of the same to be widened in order to help drive innovation in the various new devices and sources of technology. With the invention of analytics, comes the great boon of predictive analysis. Today it is possible to predict anything from the next or possible hurricane to the next movie which will win at the Oscars with almost similar certainty. This is the reason why it is important to collect as many data sources as possible as all of them hold the key to the splendid future of a data driven world. This is why a career in this field is becoming highly sought after and at the same time there also happen to be quite a number of professionals seeking the same through various professional training institutes like Imarticus Learning that will help them jumpstart their very career. When data science emerged, many believed that it would be a cup of tea for only those who were used to being confined in a single cubicle of an office, crunching away at the numbers in front of a blank computer, all day long. But it may seem that data science as a field has proved them all wrong. While the use of this concept is more often done for optimization of various process in which programming and coding plays a huge role, but at the same time this is also true that today, data science has begun to play a bigger role in the various fields like healthcare, science, military and so on.
The newest to be added to this ever growing list is the field of sports. The United States Of America’s National Basketball league or as it is popularly known, NBA has been one of the first sports leagues to having granted the permission for the entry of big data science and data analytics into the insides of the locker rooms. This is because no longer can a millennial’s father be able to recognize how the game is played as data science has literally transformed the game from being just basketball to so much more. NBA has embraced the world of numbers and statistics so very whole heartedly that there is no looking back. Nowadays every single team has a data analyst as a part of its staff pointing out to the fact that this is one more field where those belonging to the industry of data science are able to explore opportunities. These data analysts are supposed to work with coaches as well as the players in order to maximize the potential as well as help in the identification of those players who so far have just not been identified. Even most of the players these days have taken to wearing of fitness track bands and monitors that help count the number of hours they work and sleep in order to find out the time where they will be really prone or vulnerable to any sort of injury. Many of the best teams who are a part of the NBA actually go on ahead and praise the existence of data science and the improvements that it has brought ahead with itself. Did you know that there is even an annual hackathon that is organized by the basketball league in order to discover any new and potential data analyst talent? Adam Silver, the commissioner for NBA said, “Analytics are a part and parcel of virtually everything that we do now”. This goes on to say how involved the field of data analytics has actually become in the world of sports. Right now its just basketball at such an extensive level, it is surely believed that it would take no time to come about and follow in to various different types of sports in the coming years. This seems to be a great news for all of those data aspirants who usually look to get hired in this field through professional training institutes like Imarticus Learning. |
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
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