The business scenario today has evolved and kept pace with technological developments. And AI has been at the helm of the change experience impacting literally every area that affects growth and development. The changing economic, geopolitical and social environments are in a state of constant flux and need businesses to adapt very quickly to tide over the changes in organizational dynamics, critical business glitches like employee retention and hiring or landscape requirements like being scalable and Agile.
Artificial intelligence can help bridge over troubled waters in many areas where human intelligence and limitations fail. Let us explore some of these critical areas where AI has and still has the potential to improve the business scenario.
The successful customer and user experience:
The experience of the customer is what tells brands apart and this differentiator is best exploited through successfully harvesting of the data and changes brought about by AI. Research and use of Walker data suggest that large multinationals like Adobe, Intuit, and EMC have benefitted greatly by entwining the customer experience into their operational daily routines of marketing, sales, and operational routines. And AI makes it possible to offer those great user-experiences crafted from forecasts and gleanings of data on why the customer buys, when and for how much, how the competition fares and their latest parleys, or what the customer wants from you.
The arsenal of data forecasts and insights can personalize an individual’s experience to match his needs, budget, etc, through a more seamless integrated process that offers high satisfaction and customer loyalty. The results are most helpful in rapidly predicting markets, changing products, forecasting customer- behavior, and staying up to date with the latest offers of technology. Thus AI is the one tool that has immense potential in accumulating, understanding and changing the fortunes of business enterprises by forecasting touch-points, trends, brand preferences, pricing strategies and more.
Bettering the hiring process:
The acquisition of skilled talent is critical to all businesses. However, most processes like recruitments, interviews, talent hunting, employee-referrals, and assessments are subject to very many biases, nepotism, controls, and flaws.
For bettering the hiring process certain tasks are all important. Firstly, one has to cast the net wide. Secondly, the talents need to be matched to the job requirements and the process of pivoting in on the right candidate needs to be free of human errors and bias. Lastly, the holistic use of data using the latest developments needs to be deployed. Not surprisingly, AI aided assistants today can make short work of the recruitment process while ensuring a great supply database for recruitments and keeping in mind the specifics of talent growing into higher roles and reducing the pitfalls of employee migration and retention issues.
Retaining and engaging the employees:
Skill and talent lie at the core of the hiring process. With increased demand comes the problem of retention and employee engagement turning into a competitive minefield. Poor management practices, lack of growth on the job and employee engagement have turned into major contributors for lack of retention of employees as is evident from surveys conducted by SalesForce and Gallup.
AI has enabled cutting-edge technologies like analysis of employee sentiments, biometric trackers, and such AI-empowered techniques can aid in effective retention through timely motivation, employee empowerment, continued learning opportunities and ensuring deserving rewards, career growth, skill up-gradation and more. More engaged employees mean better retention, employee loyalty, and engagement.
Conclusion:
In parting, it is valid to note that AI helps the new operations in business which in turn can change the dynamics of a beyond satisfying customer-experience, growing engagement with employees, hiring and retention. People are assets to the company and the twist that AI and technology have brought in can easily transform companies through efficient dynamics, change and people management.
To learn all about futuristic technologies like adaptations of artificial intelligence, powering AI through effective Machine Learning, scouring the growing volumes of data through Deep Learning and beyond to futuristic technology like blockchains for fintech industries try the Imarticus Learning experience.
The Agile Scrum Tutorial are succinct with due emphasis on the practical applications of knowledge and concepts coupled with invaluable modules of self-development and soft-skill training. Besides, one gets the mentorship of certified and industry-drawn mentors and instructors. Go ahead and make the most of opportunities and jobs on offer in their placement program too. Why wait then?
Day: 15 April 2019
Top Five Fiction Reads Set in The World of Investment Banking
Investment banking is an immensely specialized field wherein financial corporations termed as investments banks assist public and private commercial entities in complex transactions. So, it is natural to have much literature that surrounds this broad topic. To save your precious time in finding out the best fiction books available on investment banking, here are the top five handpicked books that are set amidst the world of investment banking.
Lets us know the thought flow of various authors in these fiction books on investment banking:
1. Free to trade by Michael Ridpath
The journey of this fiction book brings out the insights of the author upon the possible business complexities. This is a novel of suspense by a British author, where you see the narrator, Paul Murray is an ex-Olympic runner and a bond trader in London whose life turns upside down when his colleague drowns into the Thames. Paul suspects it to be a murder, whereas the police suspect it to be an accident or suicide. Free to Trade being Ridpath financial thriller where the narrator Paul sets on a road to London, Manhattan and Las Vegas to untap the fraudulent activities involved in the colleague’s death. The author has told his story well through a skillful narrative of the protagonist.
2. The Chairman by Stephen Frey
Shedding light on the darker side of the wall street, The Chairman portrays the power and risks faced by the young Christian Gillette who heads the throne of a towering firm after the sudden demise of its owner. A phase where Gillette escapes an explosion throws light on the undeniable risks that come along with power. The journey of Gillette when he takes the helm includes destruction, success, failure, attacks, betrayal, loyalty and assassination. The world of billion-dollar deals in this fiction gets exciting when the enemies try to hold the success ladder of Gillette. This highly finance-centric thriller has a cutting edge and intense that is portrayed in Stephen Frey’s novels surrounded in the financial world.
3. The Predator by Micheal Ridpath
Top investment bank Bloomfield Weiss has taught its employees to be predators, winners and killer deal makers. During the bank’s training program period, Chris and Lenka along with a gang of friends get on an upfront confrontation on their failed love story, when one of the group dies the rest of the members are left to cover up the truth. After a decade, Chris finds Lenka murdered and his world falls apart as he has to tackle the pressure of the company to keep it afloat along with the loss of his friends and business partners. The author has provided a master class financial thriller which one cannot afford to miss.
4. The price of Risk by Christopher Reich
This is yet another impeccable financial thriller by Christopher Reich that brings espionage to Wall Street. Being the head of the investment bank Comstock Partners, Bobby gets bewildered by a threatening text message from his father right before his death. Bobby’s investigation gets him trapped in an unruly way with the US target. This journey is enlightened by short, fast-paced scenarios, including a chapter where the wife of Bobby is also entangled to the same conspiracy. Reich confines this novel brilliantly into the world of finance, and international terrorism entangles Bobby in identifying the killer of his father.
5. The Day Trader by Stephen W. Frey
Augustus McKnight, who is having a dead-end life being a sales representative of a paper company, earns a lump sum by investing in the stock market. Even before he could reveal the windfall, his wife confronts him about her illicit affair. The death of Augustus’s wife makes him the beneficiary of million dollar life insurance. To get over the devastating loss of his wife Augustus plunges into rigorous stock market trading and finds that he is just a pawn and a target in the exhilarating world of finance. This novel narrates the gamble between life and fortune of Augustus with nerve-wracking suspense.
Bottom Line
These fascinating stories tailored in the world of finance are an absolute treat for book lovers. The impeccable knowledge of the authors in the manipulative world of investment banking has led them to display a peek into the other side of investment banking. These books will undoubtedly be an excellent choice to widen your knowledge of the industry and the risks associated with it. Albeit in a fun way!
To know more details regarding Fiction in the world of Investment Banking, you can also consider our an Investment Banking Certification.