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Day: June 7, 2019

Current Trends Likely to Shape the Future of Business Analytics

Posted on by Imarticus Learning

 

Business Analytics is the process of organizing a company’s data into a simpler and more understandable form, in order to allow the administration to take a better decision with respect to the growth of the company.

Many individuals, after taking the Business Analytics course in Thane, are employed in multinational companies. They are tasked with providing relevant information, backed with suitable data, to the company’s administration. This makes for better decision making, which in turn, increases the rate of revenue made by the company. Business analytics could also be seen as an iterative investigation of a company’s past records. Recommendations are made in accordance with the study to ensure the betterment of the company.

There are a number of trends today which are shaping the future of Business Analytics. Keeping up with these trends and analyzing them is also a major part of the future. This makes it the right time to take up the Business Analytics Course. In this article, we will specifically talk about these trends.

Machine Intelligence

Machine Intelligence refers to creating smart machines which could act and perform specific activities just like humans. These machines are designed to work similar to human activities and natural phenomena. The machines learn from specific data sets customized to their activity. These are organized by individuals with skills in business intelligence.

Artificial Intelligence is only as good as the data provided to it.

With technological advancement, we have come to the invention of a medium both to enhance human intelligence, and replace it with something smarter and more efficient. Artificial Intelligence (also called augmented intelligence) takes its decisions on its own in accordance with its programming and learning from the data provided to it. An essential aspect of AI is that it is only as smart as the data. Business analytics serves that purpose by providing the AI program with a sorted and efficient set of data.

Internet of Things reached $170.57 billion in 2017.

The Internet of Things (IOT) is a market of devices which provide users with data on the basis of machine-to-machine communication. These devices or machines (like the Fitbit and smart watches) collect data from the user, interpret and analyze them by their parameters, and return their results accordingly. The IOT market is expected to rise to $561.04 billion by 2022. This will be a result of business analytics, through which a more organized data set is expected to be provided. Business analytics provides these wireless devices with properly understandable data which helps them provide simplified and relevant data in return.

Takeaway:

With the advent of technology, consumer expectation has shot up accordingly. Devices for instant entertainment, wireless communication, and other smart devices have experienced a rise in market demand. Moreover, the demand for sensors in these devices has also been increasing. Business analytics is that field of data simplification which is needed to convert this expectation into reality. If you are thinking of a career in Business Analytics, this is the best time to take Business Analytics course in Thane.

What Is The Best Tool For Financial Analysis

Posted on by Imarticus Learning

It is the job of the financial analyst to use data from the company’s financial statements and records to understand and analyze the strengths, weaknesses and financial position of the company. For example, debts being serviced, the revenue stream flow, capital investments and current position to invest, operational efficiency, future profits and more.

The Following Are Essential to Financial Analysts.

1. Financial statements:
The company income statement and balance sheets reflect the losses or profits over a time period. The assets, liabilities, capital position and such data are crucial to plan and ensure success.

2. Working Capital Statement:
Changes in the working capital can be tracked from the current liabilities and assets in comparison to the previous year. This is a crucial decision making factor in planning and evaluation.

3. Comparative statements:
Size statements of multiple companies at any point helps with understanding the current position vis-à-vis the industry.

4. Analysis of ratios:
This is a great way to arrive at the asset management, debt management, liquidity, market value, profitability, and financial performance of the various departments and business parts.

Why tools help:

Data is the backbone, and a lot depends on the type of decision-making involved, the inferences drawn from data in the financial records and how you analyze the information and use it for constructive feedback and financial analysis. The software used is a crucial tool and should provide customizable, clear and concise analysis.

Popular Software for Financial Analysts:

Of the many software, the Stock Screener by Finviz and Customized Financial Analysis by BizBench are popular with investors. Cloud tools for management, reporting software, etc. are widely used by accountants and bookkeepers, and Managers/ analysts favor SWOT analysis providing the software.

Software like Balanced Scorecard can help assess the current position, overall return, capital financing, operating income, analysis of specific firm processes and performance history.

EPM Financial Reporting by Prevision is also popular and rated high as a tool for management of enterprises, report books maintenance and for being able to analyze and combine real-time data from IT with information on accounting.

SAS, QlikView, and MATLAB are preferred for financial analysis that is customizable and includes tools for statistical analysis in its sophisticated software. It is an excellent tool for traders, analysts, and programmers.
Microsoft Excel and its VBA macro tool is the foundational tool for beginners and those who use small and less complex functions.

In conclusion, if you have a flair for financial analysis, then the financial analysis course in Hyderabad can get you the coveted financial analyst certification. The financial analyst course teaches you the best tools for assessing the company’s weaknesses, strengths, and financial strength. Doing such courses at Imarticus are particularly advantageous to you because of the global robust curriculum, hands-on practice on popular tools, an industry-relevant project involving real-time live data, and excellent mentorship provided which makes you industry-ready from day one.

How Big Is The Agile Methodologies Provider Industry

Posted on by Imarticus Learning

Let us first understand what Agile methodology is all about. Under Agile methodologies, the software is developed in an escalating, incremental manner through rapid cycles. The process focuses on adaptability and customer satisfaction of the software product. Each cycle of software building is better and incremental than the previous one, and thus the cycle continues.
There are various reasons why Agile methodology has gained worldwide fame, appreciation, and popularity.
(a)One of them being that Agile is used to prevent large projects from failing, it had a prime focus on business profitability and delivering software as opposed to documentation.
(b)It is user-friendly and treats the user/consumer in a friendly way rather than a machine-centric manner.
There are certain strong strategies that Agile has adapted to have become this popular and widely acclaimed. They are as follows:
1. It shares the common value and goal of fixing large scale projects
2. It is user/customer/human centric rather than being machine-centric. This has positively impacted the productivity of Agile users and shown proven efficiency in business successes.
3. Inclusive/collaborative approach – The agile methodology has a very inclusive feature that supports the entire Agile team and promotes collaborative efforts of the team through its built-in flexibility.
4. Some Agile methodologies are very popular and user-friendly. These include Extreme Programming (XP), SCRUM, Features Driven Development (FDD) and Dynamic Systems Development Method (DSDM)
5. Agile methodology helps you perform quicker and can also be developed at a good pace.
There many Agile methodology courses and certifications that you can sign up for. You can start with basics, and if you have previous exposure to the software development and its aspects such as coding, testing, and other software skills, it helps you gain Agile knowledge much more efficiently. From mastering an adaptive approach to product development, the courses are streamlined for your needs/requirements.

What You Will Gain From An Agile Certification Course?

1. You will gain the knowledge base, skills, tools and techniques involved in Agile methodologies and will be able to understand, apply and implement the principles of Agile.
2. You will also learn to smoothly coordinate Agile development processes including managing your respective teams, bringing about a social culture of experimentation, and running sprints.
3. In the final project completion stage, you should be able to apply, everything that you have learnt to a real-world hands-on practical project and demonstrate your skills and abilities.
4. Flexible schedules to learn the course in case you are already a working professional. Many education platforms offer online certification courses and you can time these according to your convenience.
The job opportunities you will encounter are many to pick from. You can become an Agile Scrum Master, Technical project manager, Technology manager, Scrum Master consultant, Project leader, Senior Agile transformer, and Agile coach/tutor/mentor/guide and give lessons and coach many more hundreds of people, Product Owner handling the business operations too, and/or software development manager, among other opportunities. The Agile Scrum certification promises you a great career with a heavy income. A career with a business analyst certification India is also possible using these skills and knowledge base.

Can You Be Agile Without Doing Scrum If So How

Posted on by Imarticus Learning

This is not a frequent question that many encounters in their Agile career, but, have you ever wondered, ‘Is Agile possible without Scrum?’
The answer to that is, yes, absolutely.
There are many instances of real-world projects and corporate projects that sometimes do not make use of any of your Scrum sensibilities. Knowing and being an Agile practitioner is more than sufficient. Let us understand further. Scrum as a framework is used to enable teams, enterprises, and organizations on their Agility pathway. It is not the only proven way to be Agile. But Agile works well without Scrum under certain circumstances only. Let us understand what these are –
1. When your project is small in size – Agile without Scrum works best only if the project size is small and the team members are also small in number. This is because the time used for Agile scaling will be shorter and will have not many disadvantages affecting the project directly.
2. Clear, simple and direct requirements – Under Agile without Scrum is applicable best to requirements from the project that are really simple, crystal clear and direct.
3. Periodical planning and requirements – The projects that you undertake must have and experience periodical planning and must be upgraded with periodical requirements, so as to not pressure the project processes. This can be used to a large extent with Agile and there is no requirement for Scrum, whatsoever.
4. Regular improvements – open communication with your team members which is quite easy to do since it is already a small team, can help you figure out already existing solutions and gain feedback regarding your work, weekly developments and progress, crosscheck these with the developer, and before you know it, you would have increased your efficiency through such regular improvements.
5. Small teams mean no hierarchies/better transparency – Small teams where everybody is an equal leads to transparent knowledge sharing, coping strategies and mutual help/support. Also since smaller teams lack a head, or rather is not hierarchy conducive, it becomes easier to be a self-organizing team which is driven by equal participation from the team members.
6. Quality output – All team members are equally held responsible for their contribution and quality output, which is responsible to keep the team going. This helps deliver success and efficient output in small scale but the quality remains very high. Each and every member ensures that their work meets a standard parameter to test quality.
7. Regular/periodical releases – It is most important to have working software in place instead of comprehensive documentation.
Sometimes you will have no release team and may have to work around this aspect of the project by yourselves. You will need to put your work into production periodically, ideally, weekly, and get the approval of the Product Manager to ensure you can move on smoothly to the next tasks at hand. You may also need to segregate tasks and assign them according to each team member’s unique capacities, to see quality output from your team’s final project work. There is an excellent way to learn Agile and go under Agile training. You can try Agile training in Mumbai. You can eventually upgrade to Agile development certification.