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Day: January 28, 2020

How Can I Start Career in Blockchain Technology

Posted on by Imarticus Learning

Last Updated on 6 months ago by Imarticus Learning

What’s trending today might be obsolete tomorrow that’s how fast-paced technology has made our lives. Every other day you hear some news about a new technological marvel that creates a benchmark. A decade ago nobody had even heard of Blockchain technology, let alone thinking about pursuing a career in the field. Today it is one of the most sought after fields and is counted among the industries with most rewarding career prospects given the growing demand for and acceptance of this technology. Before jumping over to how can you start a career in this domain let’s get a brief idea about what this technology actually is.

What is Blockchain?

The blockchain can be understood as a decentralized digital ledger that contains information related to transactions of economic significance. The blocks contain data related to the transaction like information about the parties involved, timestamp of the transaction, etc. One of the unique features of this technology is that the information stored in blocks can’t be altered later on, this makes it less vulnerable to the malpractices of corruption.
To simplify things it can be understood as a shared spreadsheet where changes are recorded from multiple users in the network who has the access to the document and there is a track of changes made by people within the network. It is not entirely the same as a spreadsheet, it is a form of the digital ledger and the security and sharing are a little more complex than a shared spreadsheet. The technology was initially developed to power cryptocurrencies but given its high utility, it was accepted across various other industries like healthcare, real estate, insurance, etc.

Building a Career in Blockchain Technology

The blockchain technology is still in the nascent stage and a lot is still unexplored in this domain. The technology has a plethora of opportunities for developers and other tech geeks, given its application across multiple industries, it is yet to reach its full potential in terms of employment generation. Since the field is comparatively new, there is no standardized formal education which is designed for people eying to pursue a career in this field.
What matters here more than a degree is the skillset you carry and the knowledge you have amassed, given your interest and curiosity in this technology. Blockchain course is designed to educate people who are eager and want to gain a holistic knowledge of the technology and its applications. The blockchain courses will give you kick-start as a beginner but since this technology is still in infancy you’ll need to be attentive towards the developments in the field and also you’ll need to upskill yourselves according to the changes in the industry.

One of the most important steps towards your career progression in this field is to understand the fundamentals of this technology. Every unique technology has a unique value proposition; the internet aimed to make an uninterrupted interconnected network, the core idea behind blockchain is to provide a method for exchange of value where no third party is involved. Understanding the essential elements of blockchain technology like decentralization, cryptography, smart contracts, etc. is vital.
Blockchain developer is an in-demand job role in this field, this requires technical expertise in the digital ledger technology to have a sound career. Learning JavaScript for web development and Solidity for Smart Contract would be a good start in the right direction. Having a background in computer science will give you a boost and programming knowledge is an added advantage.

Cryptography is at the core of the blockchain technology, applications of blockchain in areas of asset management is possible because of cryptography. Cryptography is proving to be helful in securing assets and is used by big corporations for the same. Training yourself in cryptography and opting for a blockchain course will increase your chances of landing a job in this domain given the growing demand for cryptography across multiple industries.

In addition to this, there are several cryptography projects in the market that also rewards you for completion, this will help you develop your skills and also help you to assess where your interest lies. You can be a part of blockchain communities where you’ll get the required exposure and guidance that will help you analyse and choose among the career options available in the blockchain domain.

Fintech: Combination That Has Changed The World

Posted on by Imarticus Learning

Last Updated on 5 years ago by Imarticus Learning

One can say that today’s society, which is highly capitalistic in nature, revolves around two important areas: Finance and Technology. In the increasingly digitalised world of today, no one can escape technology. In a completely capitalistic society, no one can ignore the impact that money has on every aspect of our lives. An astute combination of finance and technology in today’s time can positively equip anyone to excel at life in an urban environment.

Many individuals and industries have over the years realised the powerful impact that the combination of finance and technology can have and have since tried to develop these two things simultaneously and in a way that compliments each other. Whenever these things have been developed alongside, marvellous things have happened such as net banking and continuous efforts are being made around the world to keep this combination or interdisciplinary of fields further developed.

What is FinTech?

In simple words, FinTech is made up of two words: Finance and Technology. Together these two words make FinTech. This stands for an aspirational innovation that aims to use the emerging technologies around the world and merge them with finance. Fin-Tech aims to challenge traditional financial ways and practices in a way that improves and elevates the quality of service. Over the years, FinTech has been used in fields such as banking, risk management, accounts, data mining, and software building.

A new area of study called Fintech Course has emerged that streamlines the aspirations and methodology that surrounds Fintech. Fintech Course is as much based on user experience as much as it is based on innovation. One of the main aims of the FinTech Course is to ease the way of conducting financial activities in a manner that is all-inclusive, easy, and non-intimidating so that more and more people are included in financial practices which will ultimately expand the market.

What are Some of the Examples of FinTech?

Some of the earliest examples of FinTech Course innovation are Net Banking and Mobile Banking. The brilliant combination of finance and internet technology has played smoothly on the phone. Mobile Banking has not only made the banking experience easy and accessible, but it has also led to more people who have opened bank accounts.

Once upon a time, making a simple transaction or something as basic as checking your current bank statement would mean spending hours in bank lines. Still, with net banking, people can check all details related to their finances and make transactions within a few clicks. This has increased the frequency with which people perform baking functions. The ease of doing business has increased with net banking and additionally, the overall consumer awareness levels have also improved, particularly amongst the youth.

Cryptocurrencies or digital currencies are other subjects that come under the FinTech Course. Cryptocurrency has in the last 10 years completely revolutionised how banking and global transactions work. Bitcoin ever since its launch in 2009 showed if money is mixed with internet technology then even the completely consolidated world of paper currency can be changed. By providing a legitimate alternative of paper currency through Bitcoin and other digital currencies, the FinTech industry proved that everything is possible with innovation. While cryptocurrencies were once treated as a fad and dismissed by officials, today transactions worth millions are held in Bitcoin and Altcoins.

Today digital currencies are an industry in themselves that has prompted governments to treat digital currency seriously. Many nations like Japan, the USA, and Russia are even considering of creating their own state-run cryptocurrency to counter the influence of privately owned digital currencies. These developments represent the world-changing power of FinTech and its many innovations which make the impossible seem possible.

Conclusion

Despite its noble intentions, common people are uncomfortable or intimidated by the notion of FinTech. The reason for this can be the hard language and terminology that surrounds this field. Most people use products and services that are a direct result of FinTech innovation, but they still maintain a distance from the technicalities of it. People and specifically students need to be informed about FinTech so that they join the field in the future. There is no doubt that FinTech has revolutionized the way this world works.

Job Opportunities Around Big Data

Posted on by Imarticus Learning

Last Updated on 5 years ago by Imarticus Learning

It is said that in today’s world, data is the new oil. With the digital world that is intrinsically joined with the internet in almost every aspect, corporations and even governments have realized that Big Data is a great asset that should be used judicially. The age of information technology shows that one can get greater insights from Big Data in almost all fields. One just needs to know where and how to look.

What is Big Data?

Big Data can be simply explained as a field that uses many statistical and analytical methods to process data sets that are impossible to process manually. By analyzing large chunks of numbers and figures, big data reveals patterns and trends that reveal information such as consumer behavior and frequent interaction patterns.

This information is then used by corporations and other entities to conclude the results of their findings and use this information to plan strategies, marketing campaigns, plan improvements, or execute awareness drives, etc. John Mashey, a computer scientist who was very interested in Big Data is credited with popularising this word in the early 1990s. Before John Mashey, this term was unfamiliar from the technical field but soon became an important and frequent part of the technological lexicon around the world.

 What are some of the jobs available in Big Data?

Some of the most popular jobs associated with Big Data are:

  • Big Data Engineer: Big Data Engineers are the most important and most frequently hired people in the world of Big Data. These are the people who are responsible for making designs that decode the numbers and make patterns emerge out of them. Their main job is to check and maintain big data solutions intact and running around the clock. People who are good at math and software building can pursue this job after a short period of training. The pay scale for Big Data Engineers is more than average.
  • Big Data Analyst: Big Data Analyst is a very sought after job in the information technology field. Just like its name suggests, Big Data Analyst is responsible for extracting insights from the large data sets by using mathematical and statistical methods to categorize and sort numbers in definable patterns. A Big Data Analyst should have knowledge of technologies like Hive, Pig, and Hadoop amongst other languages as it is necessary for their job.
  • Data Visualization Developer: As the name suggests, a Data Visualization Developer maintains the design and aesthetic of Big Data software and statistical practices. Data Visualization Developer is responsible for maintaining the standardization of design that goes behind every analytical or construction job in this field. A Data Visualization Developer needs to have a great sense of conceptualization, design and should be skilled in technologies like Pig, Hive, etc.
  • Business Analytics Specialist: The person entrusted with this job is responsible for the creation of the scripts as well as testing them by regularly performing test runs around the year. Business Analytics Specialists are also deemed responsible for undertaking research that helps one find cost-effective alternatives to existing practices.

Conclusion

When Big Data was first used in the early 1990s, people thought that it would be used by niche companies and analytics departments of state-owned departments. Soon corporates and even small businesses started showing interest in the power of big data to reveal results thus increasing the career scope in Big Data tremendously. Today there are many interdisciplinary careers in the field of Big Data. While this field is still dominated by people who work in mathematics and technology, Big Data Analytics Training will your career a much-needed boost.

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