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
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.
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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. When a professional begins his or her work in the field of data science, there happen to be a varied amount of roles that they need to follow and to succeed in. These various roles are most often overlapping with data science and various other disciplines like machine learning, deep learning, AI, Statistics, IoT, operations research, applied mathematics and so on. It is a widely accepted fact that data science is a broad discipline and there are a number of functions a data scientist would come across as a part of a data science setting. Read on to know the intricate difference between such very functions of a data scientist. First of all, there is no one type of data scientist, there are actually as many as nine types and could most definitely be more. There is the classic data scientist, then there is the data architect, the data engineer, the statistician, the analyst and then there are those who although work with data but don’t really have the job specific titles, like the founders of the companies and top professionals and so on. Moving ahead lets discuss the various roles of a data scientist in particular two disciplines, machine learning and deep learning. While the former refers to a set of algorithms that are supposed to train on a data, in order to predict or take actions which will happen in accordance with optimization of systems. For some the concept of deep learning usually refers to a set of neural networks. This basically means that any function which takes place within this discipline would be a kind of a machine learning technique but on a much deeper level and with a much deeper layer as well. While machine learning could be referred to as the whole, deep learning is most often referred to as a subset of the same. The latter has seemingly become quite popular as opposed to the former as it involves a particular mathematical model that is similar to a set of blocks, where a little adjustment will give out quick results. When it comes to the different roles that are supposed to be performed in machine learning and data science, the former usually refers to a kind of a learning. Here in many types of processes are involved for instance regression, naïve Bayes and clustering and so on. On the other hand when we talk about the roles that are supposed to be followed in the field of data science, then here it is usually a statistical technique that is put to use and the aim is to detect clusters and cluster structures without any sort of prior knowledge of an algorithm set to help the classification process. Some techniques used here are hybrid, whereas some are semi supervised and so on. While these many roles and functions of a professional data scientist may be different, but all of them have to undergo the same educational procedure. Where some choose to do individualistic study of data science, whereas others choose the route of professional training institutes like Imarticus Learning. These days almost every single person, regardless of them being associated with the field of information technology or not, are well aware of the concept of big data and data science. As is true for any other field, this field too keeps on continuously evolving as time passes by. So for all of those data enthusiasts who are obsessed with keeping tabs on every new development in this field, here we bring to you the newest trends in the industry.
What is meant by the term ‘predictive analytics’? Many a data aspirants must have wondered quite a lot of times in their journey in this field. When we talk about predictive analytics we basically mean to talk about the usage of various data, statistical algorithms and varied machine learning techniques that help a person to not just identify but also make optimal use of all of the data in order to realize the best outcomes in keeping with its history. The main aim herein is to actually ensure what will happen while progressing expertly from what has happened in the present stage.
For many who think that predictive analytics is a by-product of the contemporary times, they are sadly living under some pleasant misconceptions. This field was always in the existence since decades. The only difference here is that today this field has emerged as quite a force to reckon with. This new age and contemporary development and coming to the fore of this field is due to a huge number of reasons. In a nutshell, we could talk about the various reasons like growing amounts of volumes of data, while more interest seems to be growing in generation and collection of this data. Apart from this there is the availability of cheaper and faster computers and computing systems all across the globe lately, even in the most remote parts of the most remote villages. Data generation and analytics is in a lot of ways an easier to use software which adds to the ever growing competition and tougher economic conditions which make companies strive harder to become their very best versions. With the emergence of new and interactive technologies, have resulted into a huge shift in the technology and the way it works especially in the field of predictive analytics. Today it no longer remains the field of mathematicians or statisticians, but rather has soon transformed into the field of business experts and business analysts. Predictive analytics is used widely in various different types of verticals in the industry. These include detecting fraud, wherein multiple analytical systems can actually devise methods that help in improvement of the pattern of detection and help in the prevention of crime and criminalistics behavior. It can also be used in optimizing marketing campaigns. These very systems then help one in promote cross sell opportunities in order to help businesses grow and attract more and more customers as well as retain and grow the most profitable customers. These modules help prevent any kind of reducing risks and helping the companies increase their credit scores. This is why many financial firms usually follow the route of predictive analytics in terms of protecting the firms from any sort of financial debacle. Developing predictive models is a firmly strong practice followed by many. There are many professional training institutes in India as well abroad which offer a number of courses in various data analytical tools as well as predictive analytics like Imarticus Learning. Credit Analysis in simple terms is basically referred to as a type of analysis procedure which is most often opted by an investment banker or a portfolio manager. These professionals, when perform this procedure, they usually deal with examining the ability of various financial institutions in keeping with meeting the demands of its debt obligations. The various entities that this procedure usually involves is being able to identify the appropriate level of default risk, which is associated with the investments that are potentially going to go into that particular entity.
The whole process of credit analysis involves a lot of varied type of proceedings, the first of which begins with identification of the firms that are supposedly going to experience a change in their debt rating. On the basis of this then, the financial analyst gets to decide what kind of changes if followed will result into the profits and dividends for the individual. This helps the analyst of the investment manager to help derive what bonds that professional should purchase in order to not just achieve profits but also to ensure no loss whatsoever right before the credit ratings of the same begin to change. This credit analysis makes up for a smaller process in the larger spectrum of a field of work known as credit market, this happens to be a virtual marketplace where companies, governments and financial institutions alike, issue ‘debt’ to all the investors who make up the society. These debt instruments refer from various investment grade bonds, junk bonds, short term commercial papers, promissory notes, treasury bills and so on. This is basically what makes up this credit market, which is also sometimes popularly known as the debt market. It also involves a lot of other offerings such as notes and securitized obligations which range from various types of mortgage pools, collateralized debt obligations, dwarfs and so on. These credit markets come to be of greater use usually when these corporations and governments are in need of raising money. In lieu of earning money thus, they offer bonds in the market for all the investors to buy. These investors, when they buy the bonds usually lend money to those who are the issuers of these bonds. And when these very bonds, which happen to be timed perfectly mature, this results in these investors selling them to those who have issued them at face value and thus ultimately achieving profit. This is the very process that the portfolio managers and some of the investment banking professionals carry out for their clients. These professions have become quite popular in the recent times with more and more candidates looking to apply herein and advancing their career through various professional training courses, the likes of which are offered by 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
December 2018
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