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laxmipriyaa · 5 days

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The Vital Role of Financial Consultants in Modern Finance

Introduction

In today's dynamic economic environment, managing personal and business finances has become increasingly complex. Financial consultants, also known as financial advisors, play a critical role in helping individuals and businesses navigate these complexities. With expertise in financial planning, investment strategies, and risk management, financial consultants provide invaluable guidance that can lead to long-term financial success.

What Is a Financial Consultant?

A financial consultant is a professional who offers expert advice on managing money and planning for the future. Their services are tailored to meet the specific needs of their clients, whether they are individuals seeking personal financial advice or businesses looking for strategic financial planning. Financial consultants help clients make informed decisions about investments, retirement planning, tax strategies, estate planning, and more.

Core Responsibilities

Financial Planning: Financial consultants develop comprehensive financial plans based on a detailed analysis of their clients' current financial situation, future goals, and risk tolerance. This includes budgeting, savings plans, and debt management.

Investment Management: They provide recommendations on investment opportunities that align with clients' goals. By assessing market trends and economic conditions, they help clients build diversified portfolios to maximize returns while managing risk.

Retirement Planning: Consultants assist clients in preparing for retirement by analyzing their retirement needs and developing strategies to achieve those goals. This often involves advising on retirement accounts like IRAs and 401(k)s.

Tax Planning: They offer strategies to minimize tax liabilities, helping clients understand the tax implications of their financial decisions and optimize their tax situation through deductions, credits, and efficient investment choices.

Estate Planning: Financial consultants help clients prepare for the transfer of their assets to heirs. This involves setting up wills, trusts, and other estate planning tools to ensure a smooth and tax-efficient transfer of wealth.

Essential Skills and Qualifications

Financial consultants typically have a background in finance, economics, or related fields. Many also pursue certifications such as Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), or Certified Public Accountant (CPA) to enhance their credibility and expertise.

Key skills for financial consultants include:

Analytical Skills: The ability to interpret financial data, market trends, and economic indicators to provide sound advice.

Communication Skills: The ability to explain complex financial concepts in simple terms to clients.

Interpersonal Skills: Building trust and maintaining strong client relationships through effective listening and empathy.

Problem-Solving Skills: Developing innovative and practical solutions to financial challenges.

Benefits of Hiring a Financial Consultant

Engaging a financial consultant offers numerous advantages:

Professional Expertise: Consultants bring a wealth of knowledge and experience, helping clients make well-informed financial decisions.

Customized Strategies: They provide personalized financial plans that are tailored to individual goals and circumstances.

Time Efficiency: Consultants handle the detailed work of financial planning, freeing up clients to focus on their personal and professional lives.

Peace of Mind: Financial consultants offer reassurance and clarity, reducing the stress associated with financial management.

Goal Achievement: With a strategic plan in place, clients are more likely to reach their financial goals, whether it's buying a home, funding education, or retiring comfortably.

The Influence of Technology

The rise of technology has significantly impacted the financial consulting industry. Financial consultants now use advanced software for financial planning, portfolio management, and tax optimization. These tools increase accuracy, efficiency, and the ability to model various financial scenarios. Additionally, the advent of robo-advisors, which provide automated investment advice, has made financial services more accessible. However, the personalized touch of a financial consultant remains irreplaceable, especially for complex financial situations and providing emotional support during market fluctuations.

Conclusion

Financial consultants are indispensable in today's intricate financial landscape. Their expertise in financial planning, investment strategies, and risk management provides clients with the tools and confidence needed to achieve financial success. As technology evolves and financial markets become more sophisticated, the role of the financial consultant will continue to be a valuable asset for individuals and businesses striving to secure their financial future.

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plglobal · 5 months

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Finding Success in India's Export Business: Key Challenges and Solutions

Introduction:

Exporting goods from India can be a highly lucrative and rewarding venture for entrepreneurs. With its diverse range of products and a large pool of skilled labour, India offers immense opportunities in the global export market. However, navigating through the complexities of international trade and overcoming the challenges that arise can be crucial in finding success. In this blog section, we will explore some key challenges faced by exporters in India's export business and provide potential solutions to overcome them.

1. Finding the Right Export Opportunities:

One of the first challenges exporters in India face is identifying the right export opportunities. With a variety of products and markets to choose from, it can be overwhelming to determine which products have the highest demand and which countries offer the best prospects. To overcome this challenge, extensive research and market analysis are crucial. Exporters should leverage trade associations and government resources with local chambers of commerce to gather valuable market insights. Additionally, participating in international trade fairs and exhibitions can provide exposure to potential buyers and help gauge market interest.

2. Navigating Complex Export Regulations and Documentation:

The export process in India involves dealing with various regulations, licenses, and paperwork. Obtaining necessary export licenses, complying with customs regulations, and understanding documentation requirements can be a daunting task. Exporters need to ensure they stay updated with the constantly changing export regulations. Working with experienced freight forwarders or export consultants can help simplify the process and ensure compliance with all legal requirements. Additionally, investing in a robust export management software system can streamline documentation and reduce the chances of errors and delays.

3. Building Strong Supply Chain Networks:

Establishing a reliable supply chain network is crucial for successful export operations. Ensuring timely delivery, maintaining product quality, and managing logistics can be challenging in India's vast geographical landscape. Exporters need to focus on building strong relationships with reliable suppliers, freight forwarders, and shipping companies. Developing partnerships with trusted logistics providers can help overcome transportation and logistical challenges. Additionally, implementing supply chain management systems that offer transparency and traceability can help mitigate risks and enhance efficiency.

4. Managing Payment Risks and Currency Fluctuations:

Exporters face significant payment risks, especially when dealing with international buyers. Late payments, non-payment, and currency fluctuations can adversely impact profitability. To mitigate payment risks, exporters should conduct thorough due diligence on potential buyers, consider securing payment through letters of credit or escrow accounts, and include robust payment terms in their contracts. Furthermore, keeping a close eye on currency exchange rates and hedging against market volatility can help protect against currency-related losses.

Conclusion:

While India's export business presents immense opportunities, navigating through the key challenges is vital for exporters to find success in the global market. By conducting thorough market research, staying updated with regulations, building strong supply chain networks, and managing payment risks, exporters can improve their chances of success in India's export business. With careful planning, strategic partnerships, and a relentless pursuit of excellence, exporters can overcome these challenges and establish themselves as leading players in the international market.

#export #import export

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alphaequity43 · 1 year

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What Sets Alpha Equity Management Consultancy Apart from Other Accounting and Bookkeeping Companies in Dubai?

Are you in need of reliable accounting and bookkeeping services in Dubai? Look no further than Alpha Equity Management Consultancy. We are a trusted company with a team of expert professionals dedicated to providing top-notch financial solutions tailored to meet the unique needs of businesses in Dubai's dynamic market.

Our Accounting and Bookkeeping Services:

Financial Statement Preparation: Our experienced experts prepare accurate financial statements, including income statements, balance sheets, and cash flow statements. This provides you with a clear picture of your business's financial health.

Payroll Management: Alpha Equity offers comprehensive payroll management solutions, handling salary calculations, tax deductions, and employee benefit administration. We ensure timely and accurate payments to your employees while adhering to all legal requirements.

Accounts Payable and Receivable Management: We help streamline your payment processes by efficiently managing your accounts payable and receivable. Our team ensures invoices are processed and payments are made on time. We also assist with credit control to optimize cash flow.

Tax Planning and Compliance: Our tax experts are well-versed in Dubai's tax laws and regulations. We provide comprehensive tax planning strategies to minimize your tax liabilities and ensure compliance with all tax obligations.

Financial Analysis and Reporting: Our services go beyond basic bookkeeping. We provide detailed financial analysis, highlighting key performance indicators, trends, and potential areas for improvement. Our customized reports empower you to make informed business decisions.

Advantages of Our Accounting and Bookkeeping Solutions:

Accurate Financial Data: By outsourcing your accounting and bookkeeping tasks to Alpha Equity, you can ensure the accuracy and reliability of your financial data. Our experienced professionals employ industry-leading practices to maintain precise records and minimize errors.

Time and Cost Savings: Managing your own accounting and bookkeeping can be time-consuming and costly. Our services enable you to focus on core business activities while we handle your financial tasks efficiently. This allows you to save valuable time and reduce overhead expenses.

Compliance and Regulatory Expertise: Navigating the complex landscape of financial regulations can be challenging. Our team stays up to date with the latest laws and regulations in Dubai, ensuring your business remains compliant and avoids any penalties or legal issues.

Why Choose Us?

Experience and Expertise: With years of experience in the industry, our team possesses the knowledge and skills required to handle all your accounting and bookkeeping needs.

Cutting-Edge Technology: We leverage advanced accounting software and technology to enhance the efficiency and accuracy of our services. Our cloud-based solutions enable secure access to your financial data anytime, anywhere.

Client Satisfaction: Our commitment to client satisfaction sets us apart. We strive to build long-lasting relationships by delivering reliable, timely, and transparent services. Your success is our ultimate goal.

Conclusion:

When it comes to accounting and bookkeeping services in Dubai, Alpha Equity Consultancy stands out as a trusted partner. Our comprehensive range of services, coupled with our expertise and personalized approach, ensures your financial processes are streamlined and optimized for success.Contact us today to learn more about how we can support your business's financial needs.

Regenerate response

#Accounting and Bookkeeping Companies in Dubai

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sbnhealthcaresolution · 1 year

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Navigating the Complexities of Credit Balance Resolution Services in New York

In the world of healthcare billing, credit balance issues can often be a cause of frustration and inefficiency for healthcare providers. When the amount paid by patients or insurance companies exceeds the actual charges for the services rendered, it results in credit balance resolution services New York. Managing and resolving these credit balances can be a complex and time-consuming task, requiring expertise and knowledge of billing regulations. That's where SBN Health Care Solutions comes in as your trusted partner for comprehensive credit balance resolution services in New York. With our experienced team and proven methodologies, we are committed to helping healthcare providers navigate the intricacies of credit balance management and find effective solutions. In this blog post, we will explore the importance of credit balance resolution services and how SBN Health Care Solutions can streamline your billing processes and improve your financial health.

Credit balance issues can have a significant impact on the financial stability and operational efficiency of healthcare providers. When left unresolved, they can lead to inaccurate financial reporting, strained relationships with patients and insurance companies, and potential compliance concerns. Resolving credit balances is not just about returning excess payments; it's about ensuring accurate accounting, maintaining regulatory compliance, and safeguarding the financial well-being of your practice.

At SBN Health Care Solutions, we understand the challenges that healthcare providers face when it comes to credit balance resolution services New York. Our team of experts is well-versed in the complex billing regulations and reimbursement processes in New York. We have developed proven methodologies and best practices to identify, analyze, and resolve credit balances in a timely and efficient manner.

Our credit balance resolution services begin with a comprehensive analysis of your billing records and accounts receivable. We meticulously review each credit balance to determine its nature and cause. This includes identifying overpayments, duplicate payments, coordination of benefits issues, contractual adjustments, and any other factors contributing to the credit balance.

Once we have a clear understanding of the credit balances, we work closely with your team to develop a tailored resolution plan. Our approach is focused on maximizing revenue recovery while ensuring compliance with applicable regulations. We leverage our extensive knowledge of billing guidelines and payer requirements to optimize reimbursement and minimize the risk of future credit balances.

One of the key components of our credit balance resolution services New York is conducting thorough research and investigation. We leave no stone unturned in identifying the root causes of credit balances and implementing corrective actions. This may involve reaching out to patients, insurance companies, or other relevant parties to gather necessary information and resolve outstanding issues. Our team is skilled in effective communication and negotiation, ensuring that disputes and discrepancies are resolved in a professional and timely manner.

In addition to resolving existing credit balances, we also focus on implementing preventive measures to minimize future occurrences. Our team works closely with your staff to identify process gaps, implement efficient workflows, and provide comprehensive training on billing practices. By addressing underlying issues and implementing proactive measures, we aim to reduce the likelihood of credit balance issues and improve your overall billing accuracy.

At SBN Health Care Solutions, we understand that every healthcare practice is unique, with its own set of challenges and requirements. That's why our credit balance resolution services New York are customized to fit the specific needs of your organization. Whether you are a small clinic or a large healthcare system, we have the expertise and resources to support you.

By partnering with SBN Health Care Solutions for your credit balance resolution needs, you can expect improved financial performance, enhanced operational efficiency, and peace of mind knowing that your billing processes are in capable hands. Our team is dedicated to delivering exceptional results and helping you achieve sustainable financial success.

Don't let credit balance issues hinder the financial health of your practice. Contact SBN Health Care Solutions today to learn more about our credit balance resolution services in New York and how we can assist you in streamlining your billing processes. Together, let's optimize your revenue cycle.

#credit balance resolution services New York

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brittsimperial · 2 years

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Skills Required for a Successful career in International Business

To succeed in an international company today, you need a whole different set of talents than you had even a decade ago. Global professionals are confronted with a business climate that is more unpredictable, uncertain, complex, and ambiguous than ever before. The “hard talents” of analysis or accountancy, for example, aren’t required to manage this new, worldwide economic landscape. While solid technical knowledge is still necessary, in an international company, it is the “soft skills” that can make the difference between survival and actual success.

These are the skills you’ll need to succeed, whether you’re looking for a job at a top global corporation, a new position abroad, or starting your own business:

Communication abilities across cultures

MBA in international business, any career or function entails working in a varied workplace with people from many countries and backgrounds. Understanding how to communicate across cultures is an absolutely essential ability, whether it’s with a coworker, a client, or a customer.

It necessitates a high level of sensitivity, respect, and diplomacy. It also necessitates an open mind and, in many cases, some investigation. When it comes to communication, make an effort to learn, understand, and appreciate cultural variations and nuances. Knowing how people from different cultures interpret workplace confrontation or something as simple as maintaining eye contact, for example, can assist to minimize misunderstandings and improve workplace communication.

And effective communication is beneficial to business. (In fact, studies show that a lack of communication is one of the leading causes of project failure.) Listening skills, of course, are an often-overlooked component of good communication. Active listening is more crucial than ever when dealing with colleagues or customers in another country, especially if there is a language barrier.

Outstanding networking skills

If you wish to work in an international company, you’ll need to have a solid network of contacts outside of your own country. Successful networking can lead to unanticipated global business prospects, and some statistics indicate that networking now accounts for up to 80% of employment placements.

While internet networks such as LinkedIn make it simpler to create and keep professional relationships in other countries, good in-person networking abilities remain one of the most important skills for international business success. One beneficial strategy to meet like-minded individuals and expand your relationships is to master your “elevator pitch” and attend industry networking events. Of course, networking skills, like cross-cultural communication, include diplomacy, tact, and a listening ear—remember, you’re creating a connection, not just selling your services.

Going to business school is often one of the most beneficial networking chances for ambitious international business executives. The people you’ll meet on an MBA or Executive MBA programme, from your peers to your instructors, will come from all over the world and have a wide range of talents and knowledge, making them excellent prospects for future collaborators or coworkers.

Collaboration

It’s not enough to merely create a network to succeed in an international company; you must also be able to work well with people. In the corporate sector, the capacity to collaborate and work together for a common goal is critical. It necessitates humility, which entails allowing others to take the lead and share credit for accomplishments. It also takes courage to confront difficulties, provide and receive feedback, and fight for your cause respectfully.

Collaboration with team members from diverse cultures is extremely advantageous in an international corporate environment. For starters, it’s a chance to practise and improve your cross-cultural communication abilities. Second, it will introduce you to new ideas and approaches to dealing with complex business issues. The most inspiring and successful business executives are often the finest collaborators, understanding that a company’s success may be accelerated by pooling resources.

Influence between people

Whether you’re trying to persuade an investor to fund your new venture, encourage an employee to embrace a new style of working, or persuade a client to buy your product, the ability to influence others is critical to commercial success. The finest corporate leaders generate influence by cultivating positive professional relationships and earning respect from their peers, which means that communication, networking, and collaboration may all contribute to influence.

The ability to master interpersonal influence minimizes the need for a hard pitch, allowing others to embrace your ideas because they recognise the value you provide. It’s the ability to express yourself without coming across as hostile. It’s a talent that can help you pitch for new business, negotiate deals, and motivate different teams in international business.

Adaptivity

Adaptive minds thrive in a constantly changing environment, making them ideal candidates for international commercial success. But how can you improve your ability to think in a flexible manner?

Impulse control, humility, and curiosity, according to a Forbes article from 2015, create adaptive thinking. Adaptive thinking is taking deliberate action rather than succumbing to impulsion when a quick response is required in a critical business circumstance. It also entails recognising when old solutions are no longer enough.

Military commanders used to be in charge of adaptive thinking and taking decisive action in times of danger and uncertainty. It is now a tactical skill that is required of global professionals.

In today’s HR jargon, people are more likely to value “EQ” above the more traditional metric of “IQ.” When it comes to international business, strong emotional intelligence is seen as a necessary talent. This is due to the fact that it has an impact on practically every area of business contact.

People who are emotionally intelligent are self-aware and in control of their emotions, which means they can react calmly in important or difficult business situations and adjust to change more easily. They can also collaborate and communicate successfully because they have above-average interpersonal skills and a strong sense of empathy.

Resilience

Mental toughness and resilience are unquestionably required to succeed in international business. Working across time zones and cultures necessitates lengthy hours on a practical level. In the business world, failure and setbacks are unavoidable, but defeat is not. This is when tenacity comes into play.

Resilience is a critical attribute for success that allows you to rise to meet the inevitable challenges of global company, sustain drive, overcome risks, and recover fast from adversity. It goes hand in hand with emotional intelligence.

With an MBA in international business from Britts Imperial University College, you may expand your skills and talents while learning about the business world, the future, and yourself.

Britts Imperial University College

N Block, Sharjah Publishing City Free Zone, Sharjah, UAE

971522161590

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laxmipriyaa · 5 days

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The Vital Role of Financial Consultants in Modern Finance

Introduction

What Is a Financial Consultant?

Core Responsibilities

Essential Skills and Qualifications

Key skills for financial consultants include:

Analytical Skills: The ability to interpret financial data, market trends, and economic indicators to provide sound advice.

Communication Skills: The ability to explain complex financial concepts in simple terms to clients.

Interpersonal Skills: Building trust and maintaining strong client relationships through effective listening and empathy.

Problem-Solving Skills: Developing innovative and practical solutions to financial challenges.

Benefits of Hiring a Financial Consultant

Engaging a financial consultant offers numerous advantages:

Professional Expertise: Consultants bring a wealth of knowledge and experience, helping clients make well-informed financial decisions.

Customized Strategies: They provide personalized financial plans that are tailored to individual goals and circumstances.

Time Efficiency: Consultants handle the detailed work of financial planning, freeing up clients to focus on their personal and professional lives.

Peace of Mind: Financial consultants offer reassurance and clarity, reducing the stress associated with financial management.

Goal Achievement: With a strategic plan in place, clients are more likely to reach their financial goals, whether it's buying a home, funding education, or retiring comfortably.

The Influence of Technology

Conclusion

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360digitmgba · 3 years

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High 7 Knowledge Science Institutes In Hyderabad

Reviews of our college students who accomplished their coaching with us and left their reviews in public portals and our primary website of ACTE & Video Reviews. This project is to forecast gross sales for every division and increasing labelled dataset using semi-supervised classification. Hands-on Exercise -Analyzing time collection knowledge, sequence of measurements that observe a non-random order to determine the character of phenomenon and to forecast the longer term values in the series. Hands-on Exercise -Implementing predictive analytics by describing the information and explaining the relationship between one dependent binary variable and a number of binary variables. You will use glm() to construct a mannequin and use ‘Churn’ as the dependent variable. Hands-on Exercise -Creating data visualization to understand the shopper churn ratio using charts using ggplot2, Plotly for importing and analyzing information into grids.

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Learn the aspects of analyzing the information using R Programming. Become a business skilled with R Programming and use different information and patterns to get the max out of information. Learn the other ways to grasp the sample and enhance the enterprise end result by overlaying completely different matters like Evaluation methodology, Data exploration, etc. He explains every matter in a means which helps you perceive it very simply. If there is any doubt he takes an additional mile to clarify all the doubts and makes use of different actual-time situations which made the course easy to study and understand.

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You will visualize tenure, monthly charges, whole costs and different individual columns through the use of the scatter plot. It is indispensable to the banking sector as it's used to detect fraud by analyzing the behavior of monetary establishments in real time.

Our deep experience in working with Corporate from varied industries enabled us to build a mature course of and quality coaching system, enabling us to deliver greatest worth to our company customers. We are conveniently situated in a number of areas around Chennai and different parts of India. If you're staying or wanting training in any of these areas, Please connect with our profession advisors to find your closest department. ACTE conducts improvement periods including mock interviews, presentation expertise to arrange college students to face a challenging interview scenario with ease.

Getting a call from the recruiter on this pandemic has become a boon for anyone who's out of a job. After I completed my training with InventaTeq, I actually have acquired multiple calls and have been provided with a couple of corporations. It helps a person to know what knowledge says and become a data pushed individual as well. HGL is among the leading training firms’ finest training to corporates throughout the globe.

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This is a listing administration project where you will find the tendencies within the information that may assist the company to extend gross sales. In this project, you'll be implementing association rule mining, knowledge extraction, and information manipulation for the Market Basket Analysis. Data Science might help you upgrade your profession if you have the proper Course in this area. Today, almost all trade verticals, regardless of their customer orientation, are actively hiring Data Scientists making it very worthwhile to get licensed. The Data Science course could be accomplished in around six months when you dedicate a few hours day by day to learning. Any graduate who has successfully accomplished our Data Science course in Hyderabad is eligible to take part within the JobAssist program.

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Elsewhere, robots shall be used to help the elderly and the disabled gain mobility and independence. Data science makes these breakthroughs accessible to people, solves social problems and modernizes business.

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No, the JobAssist program is designed to help you to find your dream job. It will maximize your potential and probabilities of touchdown a profitable job.

Explore more on Data Science Training in Hyderabad

360DigiTMG - Data Analytics, Data Science Course Training Hyderabad

Address:-2-56/2/19, 3rd floor,, Vijaya towers, near Meridian school,, Ayyappa Society Rd, Madhapur,, Hyderabad, Telangana 500081

Hours: Sunday - Saturday 7AM - 11PM

#Data Science Training in Hyderabad #best institute for data science in hyderabad

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loginworks-blog · 4 years

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How Can You Define the Big Data?

Big data is a term that describes very large or complex data sets involving both structured and unstructured data. The data is collected from a variety of sources including mobile devices, mobile apps, emails, servers, databases, and many other means. When formatted, captured, processed, manipulated and then analyzed, this data will help a business gain insight, maintain or get clients, increase revenue and enhance operations.

What Is Big Data?

Big data is defined as the name says, in brief, the massive volume of both structured and unstructured data. Mainly, that is so large and difficult to process using traditional database and software techniques.

For the most part, big data characteristics consist of five V’s, which include volume, velocity, variety, veracity, and value, which makes big data a huge business.

What Type of Data Is Big Data?

Big data refers to the data gathered from multiple sources, which include structured, unstructured, and semi-structured data.

While, for the data in the past, usually, data could only be collected from spreadsheets and databases.

Big Data Features

Big data analysis demand cost-effective, innovative forms of information processing for enhanced insight and decision making.

It includes the process of data mining, data storage, data analysis, data sharing, and data visualization.

One of the most significant advantages of big data is predictive analysis with the most accuracy.

In conclusion, big data analytics helps companies generate more sales leads. It would naturally mean a boost in revenue.

In short, with big data insights, you can always stay a step ahead of your competitors.

Big Data Tools

Namely, the tools for big data are as follows:

Hadoop

Apache Spark

Apache Storm

Cassandra

RapidMiner

MongoDB

R Programming Tool

Neo4j

Apache SAMOA

High-Performance Computing Cluster (HPCC)

The use and working of some tools are given below:

Hadoop:

Hadoop has enormous capability of large-scale processing data.

It can run on a cloud infrastructure.

It is an open-source framework.

Apache Spark:

Apache spark fills the gaps of Apache Hadoop concerning data processing.

It handle both batch data and real-time data.

Apache Spark processes data much faster than the traditional disk processing.

R Programming Tool:

R is used for statistical analysis.

R has its own public library Comprehensive R Archive Network (CRAN).

CRAN consists of more than 9000 modules and algorithms for statistical data analysis.

High-Performance Computing Cluster (HPCC):

HPCC helps in parallel data processing.

HPCC includes binary packages supported for Linux distributions.

It maintains code and data encapsulation.

Big Data Analysis Techniques

Association rule learning: It is a method for discovering interesting correlations between variables in large databases.

Classification tree analysis: It is the method of identifying categories that a new observation belongs to.

Genetic algorithms: Though, algorithms that are inspired in such a way evolution works, that is, adopting mechanisms such as inheritance, mutation, and natural selection.

Machine learning: Machine learning includes software that can learn from data.

Regression analysis: Data Analysis involves manipulating some independent variables to see how it influences a dependent variable.

Sentiment analysis: Data Analysis helps researchers, though with determining the sentiments of speakers or writers with respect to a topic.

Social network analysis: It is a technique that was first used in the telecommunications industry, and then quickly adopted by sociologists to study interpersonal relationships.

The Big Data Analysis Challenges

Getting data into a big data structure.

Syncing across data sources.

Conversely, extracting information from the data in big data integration.

Last, miscellaneous challenges. For instance, integration of data, skill availability, solution cost, the volume of data, the rate of transformation of data, veracity, and validity of data.

Dealing with data growth, as the quantity of data is increasing with time.

Big Data Analysis Usage

Various industries use big data analytics given as following:

Health care: By using predictive analytics, medical professionals and healthcare practitioners provide personalized healthcare services to individual patients.

Academia: Big data is providing the opportunity and helping enhance the education system today.

Banking: The banking sector relies on big data for fraud detection in real-time such as misuse of credit/debit cards, archival of inspection tracks, faulty alteration in customer stats, etc.

Manufacturing: It helps in manufacturing industries to improve the supply strategies and product quality.

IT: Companies around the globe are using big data to optimize their work functioning, enhance employee productivity, and minimizing the risks in business operations.

Future Scope of Big Data as in Career Choice

High demand for data analytics professionals.

Huge job opportunities around the globe.

The salary aspects are high.

After all, big data analytics is being a top priority in a lot of organizations.

It provides the key factor in decision making.

The adoption of big data analytics in industries is growing.

Outstanding the market forecast and predictions for big data analytics.

In conclusion, big data analytics is being used everywhere.

Conclusion

Therefore, the availability of big data in the industry, with the low-cost commodity hardware, and therefore, new information management, together with, the analytic software, has produced a unique moment in the history of data analysis.

In short, the age of big data is here, and these are truly revolutionary times.

So, in case you need any consultancy regarding data analytics you can get in touch with us at https://www.loginworks.com/web-scraping-services.

We serve our clients with quality work and as per their satisfaction.

Please feel free to share your feedback and opinion about this blog. We hope you enjoyed this post. It would be very great if you could share it with your friends or share it on social sites. Thank you!

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ketan-wagh121-blog · 4 years

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Global Core Banking Software Market 2019 - Industry Analysis, Size, Share, Strategies and Forecast to 2025

Global Core Banking Software Industry

The core banking system refers to advanced software that is utilized to support bank-related operations and common transactions. Common services offered by the core banking system include opening new bank accounts, servicing all kinds of loans, processing daily cash deposits and withdrawals, calculating interest, managing consumer account, and maintaining critical transaction data. The core banking system also provides customer relationship management solutions. However, the core baking services differ depending on the requirements of particular banks. Core banking software solutions are often specialized for a specific kind of banking. Products that are designed to handle numerous types of core banking operations are commonly referred to as universal banking systems.

Try Sample of Global Core Banking Software Market @ https://www.wiseguyreports.com/sample-request/3483002-global-core-banking-software-market-size-status-and-forecast-2018-2025

Nowadays, Core Banking Software solutions have become the fundamental necessity of any financial organization. Major banking institutions, all over the globe, are actively deploying these core banking solutions for streamlining their complex business operations. Efficient core banking solutions facilitate cooperative societies and banks to effectively meet customer expectations while confronting serious challenges revolving around compliance, profitability, bad debts and more. The major reason why every banking organization must adopt core banking solutions is that it enables them to unify operational procedures, transactions, products, and services. The core banking software enables banking institutions to deliver their customers with special, targeted and tailored services at one place.

The convenience of core banking software solutions allows customers to easily access major banking facilities from any of the branches across the country. Consumers don't require to visit the home banking branch every time. There are several benefits of deploying core banking systems. This software makes the organizational staff more competent. The core banking minimizes human intervention, thereby preventing the chances of errors in financial documentation and operations. Further, this software helps in preventing theft and frauds, with real-time banking services. CBS helps in reducing the operational cost, thereby stimulating the organization's financial growth. It also helps in decision making through effective reporting and data analytics.

Industry News

Sesame Software Solutions, a trusted partner for credit societies and banks, has introduced its flagship product, BeaconPro CBS, which helps in simplifying routine banking operations. The brand reveals that this product is an outcome of innovative thinking and efficient technologies that perfectly automate banks’ operating models. The software is successfully implemented for about 200+ clients (majorly co-operative banks). It is an ideal solution that transforms banks/financial organizations into prospering businesses.Market Segmentation

The global core banking software market can be analyzed on the basis of components, mode of deployment, crucial application areas, and regional markets.

Major components-

Software Services

The core banking software has two major modes of deployment-

On-premise deployment On-demand cloud-based deployment

The cloud-based core banking solutions are attaining high traction across the globe, owing to the fact that they are highly cost-effective and easy to operate and maintain.

Major application areas-

Retail banks Private banks Co-operative banks

Banking organisation all over the world are actively adopting core banking to reduce overall operational costs and enhance business productivity. Major core banking vendors offer specialized services, such as CBS implementation, data migration, and high-quality customer support.

Regional Analysis

Based on the regional segmentation, North America, Europe, Asia Pacific, Southeast Asia, Central and South America are the major regions contributing to the growth of the core banking software market. The United States is the most prominent market, supporting the growth of the North American core banking software market. The growth of the region can be attributed to the existence of some of the leading banking and financial organizations and skilled software developers. Some other factors like improvement in R&D and product innovation strategies, and improvement in banking procedures, and technological advancements may support the growth of this regional market. Furthermore, the Asia Pacific and Europe are expected to register considerable growth owing to the rising adoption of CBM software across major banking and financial verticals.

Also Read: https://marketersmedia.com/global-core-banking-software-market-2019-industry-analysis-size-share-strategies-and-forecast-to-2025/88928350

For more information or any query mail at [email protected]

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jobsearchtips02 · 4 years

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See how Brex is staying up to date with customer requests throughout the decline

This story is available exclusively on Company Insider Prime. Sign Up With BI Prime and start reading now.

Brex, t he fintech start-up that sells mostly to other startups, simply shared its structure for managing customer assistance during the financial crisis.

Lots of start-ups have actually been recommended by investors and consultants to cut costs and extend their runway, however without clear assistance on how to do so while preserving consumer relationships.

In an analysis of start-up information, Brex found that those with the best possibility of successfully keeping consumers, and therefore maintaining revenue streams, was to standardize the consumer experience process.

Brex, which supplies credit cards to startups, evaluated data from its own customers and worked with HR business Zendesk to produce a set of client service and assistance standards

According to Brex and Zendesk, client service is an essential skill that more start-ups would do well to focus on.

” We actually have to alter our state of mind in this minute away from offering and towards retention by trying to discover growth, if possible, through that existing client base that we have,” Zendesk vice president of startups Kristen Durham said.

That is very important due to the fact that sales prospects are bleak for a lot of startups, especially those that deal with sectors hard struck by the virus.

” Among the things that truly has actually been striking for us is a few of this information around the truth that organisations are no longer selling,” Durham stated. “Sales groups are sending out about 50 percent more e-mails to potential customers than they were pre-COVID however the reactions simply keep dropping.”

The drop in raw sales numbers is a scary scenario for start-ups that have actually been recommended by their investors to cut costs and extend their runways. Without much guidance on how exactly to make that occur, start-up creators are strolling something of a tightrope– if profits drops off, they might have to turn to executive salary cuts or layoffs simply to stay upright.

Keeping consumers happy is as crucial as keeping workers delighted, Brex chief consumer officer Roli Saxena said, and needs creators to employ similar methods to sales, such transparent interaction. In general, startups require to have a standardized strategy in location to make it through the rough waters ahead, and out the opposite, Saxena said.

Here is the customer support and support strategy Brex established with Zendesk.

Brex/Zendesk.

Features BI Prime Brex Roli Saxena

Chevron icon It shows an expandable section or menu, or in some cases previous/ next navigation alternatives.

%%.

from Job Search Tips https://jobsearchtips.net/see-how-brex-is-staying-up-to-date-with-customer-requests-throughout-the-decline/

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jobswzayef · 4 years

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Finance Associate Job

Finance Associate Job Requisition ID 241797 Work Area Finance Expected Travel 0 Career Status Professional Employment Type Limited Full Time Company Description SAP started in 1972 as a team of five colleagues with a desire to do something new. Together they changed enterprise software and reinvented how business was done. Today as a market leader in enterprise application software we remain true to our roots. That’s why we engineer solutions to fuel innovation foster equality and spread opportunity for our employees and customers across borders and cultures. SAP values the entrepreneurial spirit fostering creativity and building lasting relationships with our employees. We know that a diverse and inclusive workforce keeps us competitive and provides opportunities for all. We believe that together we can transform industries grow economics lift up societies and sustain our environment. Because it’s the best run businesses that make the world run better and improve people’s lives. EXPECTATIONS AND TASKS Participates in the general administration of the finance and accounting function. For accounting this role includes all basic activities that are performed to meet accounting and financial reporting requirements that result from legal obligations or SAP internal global policies. For finance this may include administering activities such as accounting commissions order management treasury management or billing that may not be in scope of a global Finance Shared Service organization. These roles may complete transactions within a specialized area and may interact with the broader F amp A Community to achieve desired results services.

Revenue Recognition Provide revenue recognition deal support or business model innovation support for specific region territory or on a global level. Involved in fair value compliance testing activities providing revenue recognition guidance for end customer contracts or business models ensuring compliance with the SAP Revenue Recognition Policy Participate in the monthly close process. Accounting Participates in the monthly close process including posting journal entries reviewing and reconciling balance sheet and profit and loss accounts and providing detailed analysis. Creates posts and reconciles intercompany transactions while ensuring compliance with the SAP Accounting Guidelines. Assists with the annual financial audits tax audits as well as the preparation of the year end financial reporting packages.

Order Management Responsible for administration of customer contract which includes creation of customer information in SAP's systems such as customer master data creation of installations customer contact information related to the booking of a contract invoicing customers software delivery and revenue recognition of deals booked.

Treasury Supports daily treasury activities like financial risk management financial asset management FX and cash management. Provides reporting forecasting and related support to internal customers. Billing Ensures timely and accurate customer billing. Analyzes pending billing identifies potential quality issues and resolves directly with upstream personnel. Licensing Understands supports and performs all processes and tasks around third party licensing in a reliable and quality driven manner. Provides advisory services around third party licensing and the corresponding processes to internal Customers.

Credit Management Maintains and analyzes credit decision systems and data for the financial evaluation of SAP customers and prospects. Ensures accurate and timely credit checks to improve collectability and profitability and engages as necessary with internal and external customers while following clear and consistent guidelines and global best practices for the conduct of Credit Management at SAP. Endeavors to obtain a transparent view of the customer’s financial situation allocates appropriate credit limits in alignment with defined policies to reduce credit risks and implements an early warning to internal stakeholders on prospects not considered to be creditworthy Professional Experiences And Skills

Bachelor degree in Accounting Finance or related business background

0 3 years of accounting or finance experience or in required field commissions AR billing banking cash management etc

Good understanding of IFRS accounting issues and Sarbanes Oxley requirement and local accounting skills.

Experience with SAP ERP preferred

Proficient in Microsoft Excel and Word

Conversational in English What You Get From Us Success is what you make it. At SAP we help you make it your own. A career at SAP can open many doors for you. If you’re searching for a company that’s dedicated to your ideas and individual growth recognizes you for your unique contributions fills you with a strong sense of purpose and provides a fun flexible and inclusive work environment – apply now. SAP'S DIVERSITY COMMITMENT To harness the power of innovation SAP invests in the development of its diverse employees. We aspire to leverage the qualities and appreciate the unique competencies that each person brings to the company. SAP is committed to the principles of Equal Employment Opportunity and to providing reasonable accommodations to applicants with physical and or mental disabilities. If you are in need of accommodation or special assistance to navigate our website or to complete your application please send an e mail with your request to Recruiting Operations Team Americas Careers.NorthAmerica sap.com or Careers.LatinAmerica sap.com APJ Careers.APJ sap.com EMEA Careers sap.com . Successful candidates might be required to undergo a background verification with an external vendor. Additional Locations * راتب مجزي جداً. * مكافأت و حوافز متنوعة. * توفير سكن مؤثث أو بدل سكن. * أنتقالات أو توفير بدل عنها. * توفير تذاكر السفر لمن يشغل الوظيفة و عائلته. * نسبة من الأرباح الربع سنوية. * أجازات سنوية مدفوعة الراتب بالكامل. * مسار وظيفي واضح للترقيات. * بيئة عمل محفزة و مناسبة لحالة الموظف. * تأمين طبي للموظيف و عائلته. * تأمينات أجتماعية. التقدم و التواصل مباشرة دون و سطاء عند توافر الألتزام و الجدية التامة و المؤهلات المطلوبة علي: [email protected]

#وظيفة #وظائف_شاغرة #وظائف_خالية #وظائف_كوم #وظيفة_كوم #السعودية #الكويت #الأمارات #عمان #ا

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reclaimdigital-blog · 4 years

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Digital Marketing Agency NJ

The majority of the company owners dream about expanding their business in the global sector. However, some small business owners consider it like a dream rather than attempt to meet them.

To expand a company in the worldwide marketplace the very first thing business owner must do to get a website of the company. Some are reluctant to invest any cash to earn their own site. They do not know why if they spend for creating any site. However, the simple fact is an increasing number of people spend time online nowadays. Therefore, to draw interest to the prospective clients the most powerful advantage a company owner may have is a site of this company he owns. Consult your Digital marketing agency NJ firm to create a skilled and wonderful site so you can draw an increasing number of traffic and turn the traffic into clients.

To make your own business website, you have to get in touch with the best Digital marketing agency nj. There are quite a few web designing firms who’ll build a web site for you. But most of the webs designing firms aren’t exactly the exact same good. Even a superb web designing firm may not meet all of your needs. Thus, stay cautious as far as necessary whilst picking the best web designing firm that will function depending on your requisite flawlessly and efficiently.

Here I shall give you 13 essential tips to follow while picking a web designing firm:-

1. Finance — First of all you need to have a peek at your own finance. Ask yourself why you require a site. You might require a website for your online company to market your merchandise or you can simply market your company via your site. You will give all of the info regarding your company via your site, or maybe you simply offer you some advice and rest you can offer directly through telephone or some other brochure or booklet. Thus, there are various motives behind making your own site. So know about everything you need and proceed to the upcoming steps.

2. Portfolio — Once you receive the titles of several web designing firms, you need to ask their portfolio out of them. Massive quantity portfolios of a corporation can allow you to realize that the organization is well experienced in the field of web designing. Different kind of élite layouts in various site made by one firm proves that the provider is flexible and hence it may design the precise kind of site that you want. The sites designed by the firms require simple navigation as all of the traffic of your site isn’t much knowledgeable in using internet and computers.

3. Service details — The next point is about each of the services that the site designing firm supplies you, such as domain name registration, online marketing service, search engine optimization, sociable media marketing, internet hosting, technical assistance etc.

4. Deal on site possession — Some web designing firms provide permit to use the site when they’ve established your enterprise site rather than shifting the possession of you. So allow it to be certain from the contract newspaper in which it’s clearly said that the site owner is just you. So if you change to a different service provider, it is possible to take your site too with you.

So you can change your service provider if needed.

Also be conscious of their contract cancellation coverage so you don’t confront any undesirable difficulties later on.

Some web designing company might need to maintain a long-term relationship with you and consequently you need to pay them monthly or annual basis. However, if you’re disinclined to up-date any fresh data in your site, then it’s unnecessary that you pay on routine basis. So make sure about this coverage too.

5. Technical assistance — until you enroll at any organization you also need to confirm whether the business provides any technical assistance or not, so that in the event that you face any issue later on while browsing your site, the service supplier stands with you to fix each of the technical mistakes.

6. Finest web designing firm — The web designing firm ought to have a group of dedicated, experienced and lively experts. The pros are convinced enough and armed with most net tools and innovative technologies. So they might supply the very best solution to your small business and place your companies on very top.

7. On-time job delivery — Before you enroll, affirm that the business is going to finish your project in your time-frame. Some businesses are there who’ll take weeks with each other to contact you to get easy and tiny information and delay your job.

8. Logo and graphic designing — It’ll be quite valuable for your company if your web designing business may create a distinctive logo and images designed exclusively to your company bearing in mind that the products that you sell through your small business. A mind boggling emblem produces a massive effect on the customer’s head for a lifetime.

9. Request suggestions and examine them — once you’ve narrowed down the list of firms in accordance with your needs you may request proposal from the rest of the companies. This can allow you to understand more about the specific prices, offers and also the specific services that the organization is prepared to provide you with. Hence you’ll have the ability to compare each of the suggestions and choose the best suited web designing company to your company.

10. Do not get magnetized by false hopes — Don’t become allured by reduced cost and amazing offerings and wind up nowhere!! Make certain the web designing firm you decided to utilize is your very best web designing firm as well as an inexpensive web designing firm.

If your site designing firm gives you a very clear perspective happily about all of the points mentioned previously, then don’t hesitate to go together to get a bargain. It can allow you to satisfy your enterprise website need with no hassle. However, if any company isn’t inclined to provide you some idea about some of these points, then simply ignore the organization and proceed into the upcoming prospective firm.

Web design firms doing it for dwelling will take your job seriously. Ensure that your website design firm has completed enough research on internet technologies.

5 company steps for finding the Ideal Web design firm for you

1. Assess your requirements:

A professional web design company will work together with you instead of for you. It can assist you in establishing your company’s requirements. Nevertheless, you need to have a basic idea about exactly what your site can do to you. Can it function as informative catalogue? Will it catch new customers?

There are few first requirements your company should be conscious of:

The intended audience for your Web site

Anticipated budget for your Internet site

The way the job will fit into a bigger marketing/corporate scheme

The individuals/departments in your organization accountable for the Undertaking

These first requirements can assist you locating web Design Company best suited to your job. You need to document them and utilize them as a foundation for assessing each website design company. This document will act as your standard to quantify each web design company.

2. List Production:

It is possible to use a number of means to seek web Design Company. There are advantages and weaknesses on choosing a procedure to look for web designing. Combination of different strategies is your very best option in search of internet Design Company for the project.

Competitors’ sites:

Start looking for sites of organizations which you enjoy, mainly sites of the competition. Sometimes you need to search for sites aside from your own industry. You may just visit internet design business’s web site and continue your own analysis. If you cannot locate the credits on the website, don’t hesitate to contact the company and ask which Internet design company accounts for the web site? You can have any remarks relating to this internet design company from the business you’ll be contacting.

Ask friends, family, coworkers and family which website design company designed their web site, or should they otherwise suggest an internet design company. Learn what they liked or post about internet Design Company and about internet site they created for them. Few firms’ produces better outcomes when they’re awarded Start-Finish job while some are somewhat more inclined towards performing particular endeavor.

3. Short List

Assess their job:

When its stated assess, it implies you need to rate their portfolio, type of internet sites they’ve developed. If you would like to sell products on the internet, you should start looking for established ecommerce solutions website Design Company has developed.

It is crucial that you research an internet design company’s work so that you may assess their quality and potential criteria. A web site doesn’t need to be flamboyant or quite interactive to strike the deck, but you have to enjoy web Design Company’s design sense. Also, think about hiring a company familiar with your specific business.

When assessing web design companies, note geographical place of their clientele. A Web design company which has worked with customers in several geographic places will have a more international strategy to your internet website.

Ascertain what additional products/services the Internet design company can provide

In this phase, your company should get in touch with all the possible Internet design companies which are on your shortlist.

4. Get Quote/Proposals

Fantastic web Design Company will remain prepared to submit a proposition for your site along with specified timeline, deliverable and terms & conditions.

Maintain a listing for every proposal, comprising its strengths and flaws, along with also the strengths and weaknesses of the various Web design company based on its own other substances (Internet site, portfolio, booklet, case studies, etc.).

5. Evaluate Proposals

How do they fare concerning presentation? Can they present update paths for your job, moving beyond the requirements of their immediate goals summarized?

6. Think ahead

Over the last year, lots of internet design firms of different sizes have emerged closed their surgeries cut back. It is very important to ask website design firm about long-term connection.

The Digital marketing agency NJ is a top manufacturer in web design and growth in the worldwide industry.

#Digital marketing agency nj #Web Design New Jersey #Web Design NJ

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thetechmedia1 · 4 years

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Why It’s Time to Revisit Women in Technology in 2020

There’s nothing inherently masculine about cloud computing, data analytics or artificial intelligence (AI). Computers are also androgynous by nature. However, the tech sector remains heavily dominated by men, especially in the senior positions. What’s even more appalling is that despite women’s participation in tech continue to be a favorite topic at every technology forum and organizations getting serious about diversity and inclusion in the last one decade, women are massively underrepresented in top management jobs. And that’s why it’s time to revisit the women in tech narrative in 2020 and beyond.

In a recent report McKinsey researchers observe, how gender imbalances emerge from as early as the first promotion point where women account for 48% of entry-level hires but only 38% of first-level managers, with a clear knock-on effect for equality in higher positions.

This naturally explains why the overall number of women in top management roles is still painfully low. Today only 5% of CEOs of major corporations in the US are women. In India too, female representation on boards increased by just 4.3 percentage points to 15.2% in 2019 from 2014, as per the latest CS Gender 3000 report by the Credit Suisse Research Institute (CSRI). This is however significantly below the global average of 20.6%. India also has the third-lowest rank in the Asia Pacific with regard to female chief executive officer (CEO) representation (2%), as well as other ranks such as CTO, CIO and CFO.

Diversity makes good business sense

However, studies have time and again proved that diversity in leadership makes good business sense. As a Harvard Business School report mentions, having women on the board results better acquisition and investment decisions and in less aggressive risk-taking, yielding benefits for shareholders. As Sasikala Mahesh, Head of Delivery (India) at ThoughtWorks suggests, “Women are naturally empathetic and can contextually apply emotional intelligence to manage people effectively. This also explains why women leaders across the world have demonstrated their abilities to build a safe, open and conducive work environment.”

Jie Chen, an associate professor in Finance at Leeds University Business School, University of Leeds, UK, and his co-authors mention in the report, “One benefit of having female directors on the board is a greater diversity of viewpoints, which is purported to improve the quality of board deliberations, especially when complex issues are involved, because different perspectives can increase the amount of information available.”

At the same time, research has found that female directors tend to be less conformist and more likely to express their independent views than male directors because they do not belong to old-boy networks, which in turn reflects when the organization makes strategic decisions.

What has been encouraging in the last few years, however, is the coming together of the industry, academia and governments to accelerate inclusive participation of women at the workplace. Today, we’re seeing women pursue long-term careers in technology, driving innovation for the industry. There is wider recognition of the fact that true gender parity is the key to thriving economies and societies. Technology companies are more aware than ever that a diverse workforce and inclusive culture are not just critical to their evolution but are the driving forces of their growth.

Bindu Surendran, Senior Principal Delivery Management, Sabre GDC, who has been in the industry for nearly three decades says, “It is evident that we have come a long way. Today, we see increased acceptance and awareness about the expertise and experience that women bring to the workplace as well as the maturity needed to be successful in roles that are complex, require critical thinking and problem-solving techniques.”

But challenges exist…

However, Surendran also sees a number of challenges hindering women’s top position in the c-suite, the most important being not having a mentor with a strong engineering, technology and leadership background. “Mentors can play a big role in supporting women at the workplace. At the same time, organizations must offer enough flexibility for women to maintain a work-life balance. It is important to leave work at work when the day is over, unless there is a critical issue which needs attention which would occur occasionally. In any case, women should be assertive,” she says.

Huma Abidi, Senior Director – AI Software Products, Intel Corporation agrees. “When I started in the technology industry over two decades ago, opportunities for women, especially at senior levels within organizations, were very few. While women have come a long way since, substantial gaps remain when it comes to gender parity.”

She highlights the latest report by the World Economic Forum that shows women’s under-representation in emerging technology roles. In cloud computing, just 12% of professionals are women; in engineering and Data and AI, the numbers are 15% and 26% respectively. Unless the sector can balance the ledger by making roles attractive to women, we risk missing out on the full potential of the Fourth Industrial Revolution, the report says.

Read more: Gender Diversity in C-Suite Is an Ongoing Challenge

Sashikala Viswanathan, Director – Corporate Quality at CSS Corp says, “In this growing, diverse ecosystem, the roadblocks that deter women are quite often self-inflicted, rather than being a societal or professional limitation. Being able to strike the right balance between work and home, while taking time for self-care becomes inherently difficult in high tensile environments, which may cause deep-seated problems for women,” she says.

Good news is, while the percentage of women among top technology executives has risen slightly over the past year, broad cultural change is needed to keep the momentum going, according to organizational consulting firm Korn Ferry. About 18% of CIO/CTOs at big U.S. firms are women, according to a Korn Ferry analysis conducted in early 2019 covering the country’s top 1,000 public and private companies by revenue. That’s up from 16% in 2017.

According to Surendran, “When organizations invest in creating more inclusive initiatives, broaden cultural change within and provide facilities that make it simpler and easier for women technologists to flourish, there will be more interest among the community.”

Abidi also believes it is important for women executives to seek out strong mentors, both male and female, who can guide and encourage your growth and remind you of your strengths and aspirations and also nurture relationships, personally and professionally, which will support and grow you through your career journey.

Promoting inclusiveness – Some best practices

In a period of constant flux, organizations that prioritize a diverse and inclusive culture are placed to solve the problems of the future. A research by Deloitte suggests companies with an inclusive culture are six times more likely to be innovative. By staying ahead of changes, they are twice as likely to hit or better financial targets. This includes providing female mentors and role models, demonstrating trust, creating an environment that encourages collaboration, using technology to break barriers and sourcing innovation openly.

“At Intel, I have been fortunate to find great managers and role models, both men and women, who have helped me, move forward throughout my career. Intel’s diversity efforts go beyond hiring and retention. In January last year, Intel achieved gender pay equity across our worldwide workforce.

Our Women at Intel Network (WIN) has a clear vision for gender equality and overall skill development of women at various stages of their career through mentorship, technical and leadership development initiatives. These and more initiatives encourage more women and underrepresented minorities to enter and succeed in technology careers,” said Abidi, who is currently mentoring and helping women at work by coaching them and often connecting them to the right people.

Surendran adds, “At Sabre, we believe in mentoring and coaching women to grow in their personal and professional pursuits and have internal initiatives such as Big Pitch (business problem solving) and Blitzcode (production-ready code creation based on real-world issues faced by customers) where we have a healthy diversity mix when teams are formed. That drives a lot more collaboration, learning and development not just for women technologists but all who engage at work.”

Read more: Gender Diversity: How C-Suite Can Lead the Change

“To encourage more women to pursue careers in technology, we have to start by emphasizing a STEM curriculum for girls early on. Women also face professional hurdles during the transition from managing to leading, typically during the promotion to director-level positions. At this stage, the potential for conscious and unconscious bias is high, as the people in decision making roles for leadership promotions tend to be men. Companies can address this by ensuring that interview panels and promotion decision makers include both men and women and that there is a diverse group of candidates being evaluated for each position,” says Leila Pourhashemi, VP – Technology Business Operations, Blackhawk Network.

Empowering women through programs, training sessions and workshops are ideal ways to encourage their participation and give them a platform to express themselves, CCS Corp’s Viswanathan. “We believe that giving women the freedom and space to forge and foster deep interpersonal connections help in developing relationships beyond the workspace. Not only does that create a premise for collaboration, but also creates an environment of support for women at large,” she says.

Gauri Bajaj, Director and APAC Head for Managed Security Services, Tata Communications mentions, “At Tata Communications, diversity and inclusion are integral to the culture of the company and ensuring the progress of women remains a key priority. The company’s programs and policies to nurture an equal opportunities environment through unbiased applicant screening, allowing leaders to follow their natural leadership style, flexibility of work hours and location to maintain balance between personal and professional life – all contribute in creating and sustaining a conducive work environment for employees, both women and men, to advance and thrive in their careers.”

Likewise Lakshmi Mittra, VP – Center of Excellence (CoE) and Clover Academy, Clover Infotech believes that alongside technical skills it is essential to facilitate soft-skills training, team-building workshops, and leadership and mentoring sessions to enable women to take on leadership roles in the near future. “It is important for the IT industry to create more opportunities for women to not only enter the workforce but also lead it. More initiatives and forward-thinking policies need to be introduced for the upskilling and leadership training of women at all levels,” she says.

In conclusion…

We must say that it is commendable how women are increasingly entering the world of technology and becoming disruptors in this brave new world. While women in tech sector have come a long way, organizations now need to ensure there are sufficient rungs on the ladder to help women climb into management positions.

CEO and the top management should to be open-minded enough to bring in female leaders from other industries, who don’t have a tech background. They need to work closely with schools and universities to win the argument that tech aren’t just a male career path. Technology has a role to play in promoting diversity in the workplace, given its ability to change the workplace dynamics – encouraging greater transparency and connecting more people around the world.

Read more: Tech Firms Woo Women Returning From Career Break

The post Why It’s Time to Revisit Women in Technology in 2020 appeared first on TTM.com.

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365datascienceblog · 4 years

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Are Data Science Careers On the Rise in 2020?

Data science careers were undeniably among the top choices for young professionals in the last few years.

According to Glassdoor, 2016 was the first year in which “data scientist” was the highest paying job on the market. And after that? Well, it was in the lead in 2017, 2018, and 2019 as well! With a mean base salary of more than $100,000, being a data scientist seems like the dream job of this century.

But are data science careers worth pursuing in 2020? And if they are – why and for how long?

In this article, we’ll explore the answers to these questions. We’ll take a look at the current status quo of the demand for data science talent; we’ll explore how 3 leading companies utilize data science to advance their business. Finally, we’ll see if the supply of data science professionals has already caught up with the demand and how the current trend will shape the future of data science as a career.

Let’s dive in!

Are Data Science Careers on the Rise in 2020?

The answer to the first question is simple. Yes, data science careers are without a doubt still a synonym for success.

Here are the reasons why:

Data science, like any other business-related phenomenon, follows the basic laws of economics – supply and demand. The demand for data science professionals is very high, while the supply is too low.

Think about computer science years ago. The Internet was becoming a “thing” and people were making serious cash off it. Everybody wanted to become a programmer or a web-designer, or anything, really, that would allow them to be in the computer science industry. Salaries were terrific and being there was considered an exceptional opportunity. As time passed by, the supply of CS guys and girls started to catch up with the demand and salaries plateaued. However, the industry is still above average in terms of pay.

The same thing is happening to the data science industry right now.

Demand is really high, while supply is still low. And, as stated in extensive joint research performed by IBM, Burning Glass Technologies, and Business-Higher Education Forum, this tendency will continue to be strong for the years to come.

This, by itself, determines that salaries will be outstanding. So, it’s quite understandable why people are very much willing to get into data science.

Of course, this supply-and-demand discussion is not all that informative without the proper context. So, in the following paragraph we’ll explore this relationship further, and how it applies to data science in particular.

Where Does the Demand for Data Science Come From?

That’s fairly straight-forward. Data-driven decision-making is increasing in popularity. While in previous years, analysts would use software like Excel to analyze data, and only academics would turn to SPSS, and Stata for their statistical needs, now ‘the times they are a-changin’, and almost anyone can have access to and use of a data-crunching tool.

In fact, advancements in technology have brought about things like:

Cloud-based data services for your digital marketing efforts such as Google Analytics;

Complicated ERPs that breakdown information and create visualizations; examples here are SAP and Microsoft Dynamics used heavily by business analysts, HR, supply chain management, and so on;

Tableau and Microsoft Power BI for your business intelligence needs; with these tools, analysts can visualize the data in unprecedented ways and uncover unexpected insights;

And, of, course, there are also brilliant improvements in programming languages like R and Python, which let you perform very complicated analyses with just a few lines of code.

So, you have all these tools that are not that hard to use. You can afford to employ some people to take advantage of them, and you know that this will quadruple your business. Would you get a data science team? Absolutely.

So, What are Some Examples of “Data Science Fueled” Enterprises in the Real World?

Well, Google.

Google is the embodiment of data science. Everything they do is data-driven. From their search engine – google.com, through video streaming service, a.k.a. YouTube, to maximization of ad revenue with Google Ads, and so on. Even their HR team is using the scientific method to evaluate strategies that make the employees feel better at work, so they can be more productive. Not surprisingly, Google has been rated number 1 employer for 3 years in a row, according to the famous Forbes ranking.

Since Google is just one shining example, it’s only right to also mention Amazon and Facebook.

Let’s continue with Amazon.

I believe you are well-acquainted with how Amazon works. You go to Amazon.com for some item; you usually buy it and then… you somehow end up buying tons of other stuff you didn’t even know you needed Actually, each product recommendation that you get comes from Amazon’s sophisticated data science algorithms. In fact, Amazon has implemented an algo that can predict with great certainty if you are going to buy a certain product. If the probability is high enough, they may move the item to the storage unit closest to you. Тhat way, when you actually purchase it, it is delivered the same day. Happy customers are loyal customers and Amazon knows that.

What about Facebook?

Well, to begin with, it is very important to note that Facebook is not just Facebook, but rather Facebook, Messenger, WhatsApp, and Instagram… for now.

And Facebook is generating ad revenue like crazy, as it has all that personal data for all its users.

Most of us interact with all their platforms all the time. That means that Facebook knows if we prefer cat videos or dog videos. By extension, they now know if we are cat people or dog people. They know what sports we are into, and what food we prefer. These facts may sound trivial, but if you interact with certain clothing brands, for example, Facebook will also know your preferred price range, or in other words – the amount of money that you are willing to spend online. So, consequently, they can target you, and all their users, in extraordinary ways, securing unprecedented marketing success for various companies. It’s not a stretch to imagine why companies just love using Facebook as an advertising medium. And that leads to Facebook generating even more data about people while, at the same time, getting paid for it!

But not only huge companies have a data science division.

Small businesses, blogs, local businesses… They all use Google Analytics for their needs and make huge gains from it. This is also a part of data science. You don’t need to do machine learning to monetize on data science.

I understand that some of you may not be convinced just yet. However, if your competitors are relying on data-driven decision-making and you aren’t, they will surpass you and steal your market share. Therefore, you must either adapt and employ data science tools and techniques, or you will simply be forced out of business. That’s the reality of the demand for data science.

What’s the Supply of Data Science Professionals?

As we already mentioned, the supply is not as flourishing.

Data science emerged thanks to technological change. In fact, it was impossible for it to exist 20 years ago because of slow computers, low computational power, and primitive programming languages.

However, when data science did come about, traditional education was simply not ready to meet this need. Data science is still a relatively new field. There are still very, very few programs that educate the aspiring data scientists. In fact, research suggests that the people that get into the field, usually transition from some other field and gain the necessary skills mainly through self-preparation. That includes books, research papers, and online courses. Nevertheless, it seems there are still not enough people exploiting the opportunities in the data science industry.

In Conclusion

Keeping in mind that the demand will continue to grow, we can expect outcomes similar to the computer science field – demand will continue to outgrow the supply for a very long time, maintaining data science careers as some of the most lucrative choices.

All things considered, data science is going stronger, both from a company’s perspective and from the perspective of a job candidate. So, this really is the best time to break into the field!

Ready to take the next step towards a career in data science?

Check out the complete Data Science Program today. Start with the fundamentals with our Statistics, Maths, and Excel courses; build up step-by-step experience with SQL, Python, R, and Tableau; and upgrade your skillset with Machine Learning, Deep Learning, Credit Risk Modeling, Time Series Analysis, and Customer Analytics in Python. If you still aren’t sure you want to turn your interest in data science into a solid career, we also offer a free preview version of the Data Science Program. You’ll receive 12 hours of beginner to advanced content for free. It’s a great way to see if the program is right for you.

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parttimebusinessideas · 5 years

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Significant Factors to Consider For Effectively Evaluating Your Business Ideas in Pune

If you are very dedicated to start your own business then, you must evaluate the business ideas in Pune which are available presently and the ones that interest you. The criteria to evaluate your business ideas depend on the limitations that you might have such as career objectives, risk tolerance and budget.

To filter and narrow your business ideas’ choices and to make a right choice, you must consider certain important factors that will help you evaluating the business opportunities in Pune effectively. Read on!

Check Out the Vital Factors to Consider For Effectively Evaluating Your Business Ideas in Pune:

·Detailed Market Analysis: Analyze how big your market is and what sort of audience you want to cater according to your business ideas. Also find out if your business idea focuses on a specific age group of customers or is available for all age groups. You should evaluate how fast is the market growing and can you run a profitable business in this given market.

·Assessment of Risk Involved: Another vital factor to consider while evaluating the small business ideas in Pune is the risk involved in it. The possible risks have to be calculated in advance while choosing the business domain. There might be a few important factors which might slow down your business such as the existing state of the economy, competition, total amount of credit available for you, your team size and weather conditions.

·Financial Aspects: Evaluating your financial resources is very important while choosing any business idea. You need to assess the required investment to buy an existing business, a franchise or start-up costs needed initially. Banks generally expect business entrepreneurs to come up with a part of the investment to prove that the bank can take the financial risk with the lender. You can evaluate the financing available by the seller, banks and investors while assessing your possibilities of success.

·Necessary Skills: It is very important that the business which you want to start in Pune must match your skill sets. Going aboard on business opportunities in Pune without having the essential skills won’t help you and will leave you totally clueless. Your business niche must be in full alignment with your interests and your educational background. If you already have a practical work experience in this industry then, this can be an additional benefit for you. Certainly, you can polish your skills and learn new strategies and skills, but that will come with additional costs and risk involved.

·Identify Your Unique Selling Point: If you have chosen a highly competitive business niche then, first you need to figure out what makes you unique. You must also figure out unique business ideas in Pune which outshines your business and serves as unique selling point (USP) for you. If you have not even thought about it and identified your business’s USP then, you have to do it right away to build the most successful and promising business in Pune and your products or services will speak for your brand.

·Networking: Having an excellent network connection with your customers, partners and investors can save you a lot of your valuable time and lessen the costs. Powerfully established relationships with important people in your business industry will assist you start your business easily. Having good contacts with people that have the technical expertise can assist you take off your business ideas faster since you can partner with them.

·Self-Analysis: When you understand the kind of business you want to start then, you must evaluate your ability to manage your primary business resources. Prior to analyzing the achievability of your business ideas in Pune, you must assess your skills, primary objectives and desires. Also assess your marketing skills to make sure and to find out whether you can make your business successful or not.

·Identifying the Requirements: Figure out the primary objectives of your business, find out what need you are fulfilling in the given marketplace and how big your business ideas’ appeal to your target customers is. Before you start delivering your products or services you must perform some research if the customer actually needs it or not. Conducting an online survey or face-to-face survey at a crowded place and ask the people to evaluate your business ideas. Getting a genuine feedback from your potential customers in the initial phase will definitely save you many mistakes.

·Work Quantity: Besides the other factors, you must also check how much time you require to deliver your products or services and what is the productivity. You have to evaluate the quantity of work and efforts which are invested and then check if the quality is maintained or not. Hire the best team and employ their skills to deliver the products or services which your brand offers.

To effectively assess your small business ideas in Pune, you must consider a set of different factors mentioned above and then turn it into a highly profitable business for you.

#smallbusinessideasinPune

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