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
There are two significant kinds of organisational change; change imposed by circumstances and change that is planned and adapted for improvement and growth. It applies to individuals and large-scale enterprise organisations.
Change management systems are designed to help businesses plan for the change. In the following infographics, we discuss the steps to effective change management implementation in the organisation. The information as is as follows:
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From the many complex definitions, one can derive a simple explanation of the term.
To put purely, Blockchain is a technology that records, manages and confirms transactions, where all the participants connected to the transactions hold the entire record of it, through peer-to-peer verification of transactions, as opposed to a centralised platform, where information needed to be passed over to any if required. Here, there is no central recording, but each participant has the info. Bitcoin operates this system, minus any central body. Now imagine, all the complexities involved in global transactions, communication across channels and intermediaries, contracts and agreements and analysis of the same, cross-referencing and transfers if any, confirming authenticity and identity and conducting all this along with managing the security. All these activities and checkpoints would keep loads of people, like accountants, lawyers and admin staff, busy for innumerable hours. With the introduction of Blockchain, the maze of such communication and staff would be non-existent, at least in theory, as all the documentation mentioned above would be automatically recorded and verified and accessed by all participants over the same secured platform. The bureaucracy will be eliminated. Everything will be streamlined and united on one big database. The blockchain is a complex set of computers, which authenticates, that a transaction has been taken place, before recording it on a ‘chain’ of computer codes. The beauty is that the details of the transactions are recorded on a ledger that can be viewed by anyone who is on the network. Article Source : https://imarticus.org/infographics-what-is-blockchain/ How Is the Life of a Financial Analyst?The industry of financial services offers a number of exciting career opportunities for candidates. Among these, there are some opportunities which tend to bend towards more rigorous use of your mental ability. One such career option is the position of a financial analyst. Many of us who are interested in this career option already are aware of the various types of educational qualifications and skill set required to enter this field, as well as the scope of it. But not a lot of us are really aware about the life of a professional financial analyst, or what they do all day long.
The work day of any financial analyst depends greatly upon the kind of experience that they have in the field. For instance, those professionals who just have just started off in this field and have junior level positions usually deal with a lot of data collection, financial modelling and spreadsheet maintenance. While on the other hand, the senior level executives usually are involved in preparing investment theses and then coordinating with the management team of the company as well as other investors and their market ideas. Financial analysts are divided into two kinds, one who work on the buy side and the other who work on the sell side. The first few years of a Financial Analyst’s life are usually spent gathering all sorts of relevant data, making comparisons between spreadsheets and then updating them, helping in piecing together financial models and going through the news and magazines of varied relevance to the field. The ultimate aim of all of these objectives is development of a solid understanding, which outlines all of the fundamentals of any business sector or industry. This will prove extremely helpful for their career ahead in the future and help them in formulating the various types of schemes and helping in making investment decisions. There are a majority of financial analysts who, when in their junior stage opt for certifications like the Chartered Financial Analyst or CFA. There is a three tiered exam which these professionals have to actually give in order to receive the professional license through this credential. Senior analysts are called so because they have developed a proper understanding of the business as well as have generated many contacts over the years, working for their respective companies. The professional life of such individuals involves using the data to formulate investment decisions. When they aren’t trying to put together the most suitable investment options for any firm, they are looking out for developing relationships with industry and company contacts as well as marketing the team’s work. There are many senior analysts who flourish in mentorship roles and take up the responsibility of passing ahead the wisdom of their field. Many of these professionals progress over the professional ladder through attending meetings, talking to traders and sales people, dealing with marketing team and so on. On the other hand there are also professionals who jumpstart their career through professional training courses like the ones offered by institutes like Imarticus Learning. These days with the kind of momentum that the industry of data science is growing at, it has become quite the golden time to pursue a career as a Data Scientist. It has become quite the pan-industry career, spanning various different sectors and creating multiple opportunities for professionals to derive insights through data.
Did you know that technology sector alone compromises of about 41% of the data scientists in the sector? Whereas 13% of the data scientists are seen working in the marketing sector, then 11% function in the corporate world and 9% perform consultative duties. Apart from these mainstream options, there are also data scientists working in the health care and pharmaceutical sectors, they measure up to 7%. Now that we have fairly established what a hot and happening career data science is, let us talk about some of the best career options where a data scientist can flourish. Now it is important to keep in mind the highly valuable nature of data science and the various things that it can actually result into. Which is why we will be breaking away from the run of the mill, ordinary kind of career and shift to a little more interesting bundle of the same. The first career in our list is the industry of Biotechnology, surprised aren’t you? But you shouldn’t really be, mainly because since the beginning of time, the field of science and medicine have been interdependent on each other. History is witness to the fact that as technology improved, almost all of the nations shifted their focus to growth and development of public health facilities. The reason why this field will require data scientists because, as a global community we are almost at the brink of decoding the human genome and unlocking all the secrets that have remained hidden so far. For this very purpose we would need data the size of a mountain, because it happens to be an unbelievable feat to achieve. Energy is one other industry which is on its path to vocalize its demands for data scientists. As time passes, new potential resources of energy are developed. And in order to harness the energy output of these modern resources. Various new campaigns like the storage of crude oil, exploration of new ways to extract energy and mineral wealth from earth and brain storming of new ways of transporting the energy sources and finding new ways to exploit solar energy and clean energy. All of these need expert data scientists to help them along the way. Another industry which will be in need of data scientists is the quality control and source inspection industry, then the transportation industry might also mirror demands of the same. Telecommunications is one very dynamic industry that will be in need of data scientists in the near future. In order to feed this demand, droves of people have decided to take up this as their career option. Some choose the path of gainful experience during employment whereas some choose the vocational training path, with comprehensive courses offered by training institutes like Imarticus Learning. Many companies today have come to realize the importance of the new and emerging field of data science. These companies also make a huge amount of investments especially in the field of business mainly in order to take way better decisions than those that were taken in keeping with the data that was accumulated in the past. The past data happens to be generated from various sources such as business people and various other fields like marketing, education, engineering, medicine, social media as well as the various transactions that take place online, whatever the sensors notice in call centres and so on.
Today we all live in an age of lightning fast speed. Here it so happens that the economic condition of our society seems to be extremely challenging and is also changing faster than ever, at the same time it is extremely critical for organizations to focus on all of their critical issues. Here it is very important to understand the nature of the various challenges that these companies face. This will be extremely important for the future of the business analyst jobs in India. As the market has an unlimited number of options available, with all the consumers always being on the lookout for finding new ones, it is difficult for companies to hold on to their existing customers. There are many experts who are of the opinion that India stands right at the heart of the leaders in the talent markets. Our country has been at the receiving end of great success in terms of the IT sector and we are replete with human resources as well. Our country entrepreneurship skills as well as the will to innovate and experiment has always been successful in keeping us ahead of the race as compared to both China and Eastern Europe in the domain of analytics. The scope for jobs in the field of business analysts is great mainly because there are so many more countries who are ready to outsource work from us. What the future needs right now is the right kind of focus, the right kind of people and the right kind of technology to work with in order for companies to find the best kind of people and technologies in the workforce. If you happen to be someone who is all geared up for a job in the career of analytics, then you need to have a certain kind of skill set ready with you. The basic skills that you must have as a part of your skillset could range from inquisitiveness, interpretation skills, understanding of tools and methods in the most through of manner, in-depth research and ability to find out and sort the most clear of insights in any sort of clusters of data and so on. While you can most definitely acquire these skills on the job, as the market right now seems to be in the most lucrative stage for all those Bas. You could also opt for a professional training course like the comprehensive ones offered by Imarticus Learning to brighten your aspects. Banking as a sector has been an extremely attractive options for aspirants from almost all the backgrounds. This was not always the case though, but this is happens to be the present scenario mainly because of the growing importance of the economic structures and the changes within, all over the world. Apart from the social importance that the banking sector has been gathering lately, other reasons for the popularity of the same are job security and the salary packages. These reasons are more than enough for the majority when it comes to getting into the field of banking, but there are others who aren’t really convinced by the same.
Be it investment banking or commercial banking these two fields are always looking for dynamic individuals. This results into a great competitive nature in both of them as they provide the professionals with a lot of scope for vertical growth once they get employed in the banking sector. Another reason for choosing a career in the field of banking, this would be that the professionals get a huge scope of opportunities to not only test their potential but also to scale new heights and achieve greater success. One of the best features of this sector is the variety that it offers. A professional can choose to be a financial expert while at the same time can try out their hand at the process of mergers and acquisitions or even financial advisory, budgeting, portfolio management, retail management, wealth management or become a personal banker to high net worth individuals. Such great choice ensures that all the aspects of a professional’s personality and aptitude are tested out and their interest is clearly satiated without giving any monotonous feeling. One can choose from a varied number of positions like financial analyst, Probationary Officer, Account Managers to Specialist IT Officer and so on. The fact that there are so many professionals’ positions available and so much variety in the work, that it is hardly ever possible that an individual would find themselves stuck in the monotonous grind or even feel any sort of exasperation. So much variety works most beneficially for all those professionals who are ambitious as the work is not just physically stimulating so is it mentally which is what makes the field lucrative for the professionals. Lastly one of the main reasons for choosing this field would be the fact that professionals get the opportunity to travel extensively as well as get the opportunity for growth of the economy. This is because all the governments find it important to keep a track of the financial institutions and policies of the society. Not to mention that the professionals are able to be handsomely paid as well. Apart from this there are many professional training institutes today like Imarticus Learning which help train candidates to be industry endorsed and enter the field of banking. In the recent years with the boom in the technology sector and by extension, the expansive growth in the fields of business and commerce, there has been a pressing need for professionals who would be the leaders in steering the various companies to success. This is also the reason why in today’s world, positions like business analyst have grown more and more in both importance as well as numbers. This is mainly because of the fact that those people who happen to have a background in this field are often credited for the great success, growth, and development of their respective companies.
The principal aim of any organization happens to be the maximization of its profits, both in terms of monetary sense and non-monetary sense. This is why many big name companies invest a lot of money in developing the various procedures and techniques of the data science industry which will then in turn help in accelerating the process which leads to decisions after the data from the past records is processed. As this field is fairly new and is getting popular by the minute, there is a high increase in both the number of people opting for the same as well as the opportunities. A business analyst in India supposedly has quite a lot of functions to perform as a part of the daily routine. At the same time, the professional is expected to be an absolutely brilliant multitasker. Anyone who wants to become a successful business analyst must know how to perfectly juggle roles of a mediator, connector, and a project communicator. These professionals are supposed to be masters when it comes to making presentations or even having discussions with various professionals. Today it has become extremely essential for various organizations to hire professionals who are expert in big data who will be able to provide essential insights for the growth of the business. When it comes to the scope of business analysts, there are various big named companies like Infosys, IBM and many others who happen to have the need for business analysts to operate their tools in order to compile intelligent business solutions for them. There are a few approaches that you need to be well aware of in order to progress better and they are, right building objectives, right technologies, right resources, right business offers, and right top management commitments. There are various ways to make it big in this industry, but one very sure way is to learn about big data analytics tools and techniques that are usually used by all the top companies around the world. A candidate who is able to thoroughly understand his role well and is able to function perfectly well with complex business issues smartly can surely gain a lot of success in this field. As the scope widens quite a lot of this field, there happen to be many takers for the same as well. While there are long term courses that train candidates, at the same time there are also professional training institutes like Imarticus Learning that offer comprehensive courses in business analysis too. 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. 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. |
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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