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Day: July 6, 2021

Roles of a Research Analyst in India

Posted on by Imarticus Learning

A credit research analyst is a person who is responsible for reviewing a considerable amount of data related to finance from banks or corporate sector for determining whether the client (companies or other loan seekers) are suitable to be lent the money or not. So, whenever a company or a firm seeks a loan from a bank, the credit research analyst employed by the bank will be responsible for examining whether any risks are involved in lending money to the client or not. The credit analyst also needs to explore and determine whether the recovering the sum from the party will be possible or not.

A credit analyst’s job description concern with quantitative aspect mainly and thus proficiency in advanced statistics and mathematical modelling skills are a must. Having ability in Accounting is critical too as managing complicated and risky portfolios which involve fixed income variables also come under the scope of a credit analyst. The credit analyst gathers all kinds of financial data related to the party seeking the loan and then analyses them to recommend the best course of action for the client.

To be a credit research analyst course in India, one needs a comprehensive knowledge and training in programming skills and topics related to Accounting and Finance. For this purpose, one can pursue certification in CCRA to become a certified credit analyst in India. A CCRA certification comes handy if you are looking to further your career in the field and seek a higher position and salary. Companies hiring for high-level risk analysts demand the certification nowadays everywhere in the country.

The job of credit analysis provides exposure to a large variety of organisations and industries including SMEs, MNCs, and partnership firms along with other banks. This aspect makes the credit analyst as one of the most vibrant career opportunity in the field of finance in the country. The credit research analyst first initiates an interaction with the client in pursuit of a loan for information.

Then, he/she have to analyse the gathered data and then conduct a background check into the records of the company along with the industry the company/client caters to. The analyst will then inquire the client about the reason of seeking the loan, the plan for the operation, the funding options, the rationale behind the program and the challenges that may arise during the project and how the company plans to address them.

In the words of Apporv Jain, a credit research analyst in a leading MNC in Mumbai, “There are vast opportunities in the field of a credit analysis in India as everyone seeking a loan, be it a small start-up or a substantial and famous MNC, have to undergo assessment before the bank approves their loan. A significant benefit of being a credit research analyst is that there is no shortage of an option for employers.

The analyst is not limited to work for a bank or a credit rating agency only but can also work for other companies offering products related to accounting and finance. So, a credit research analyst is liable to be employed by a retail store, an energy company, automobile manufacturer, utility, etc.

Another advantage of taking credit analyst as a career option is that it empowers a person to pursue more exciting career options in future such as portfolio manager, loan manager, investment banker and a trust manager.

Although the job and life of a credit analyst sound easy and lucrative, it is, in reality, a very hectic and stressful one. The decisions made by a person as a credit research analyst decides the interest rates at which an individual or an organisation will be provided with the loan at or whether a loan should be offered to the client or not and the amount which he/they will be provided as the loan amount. The role of credit analyst brings in enormous responsibilities and thus must not be taken lightly ever. Although it is a lucrative career option, it demands a lot of hard work and dedication.

What Problems and Challenges are Faced By a Business Analyst?

Posted on by Imarticus Learning

A large amount of business analysts time, as well as effort, is taken up in doing important activities. These activities include understanding a client’s business as well as collecting and clearing various requirements. Being a business analyst involves building trust with higher-ups and stakeholders while also identifying clientele needs. Thus writing up supporting documents is only a small part of a business analysts job and also happens to be the most visible to the people that are not involved with the project.

A business analyst helps in bridging the gap between various representatives of business that are responsible for solving issues and various developers that are needed to understand these issues. The developer curates a solution depending on the issue.

Listed below are the various problems as well as challenges that business analysts frequently face.

Typical challenges that business analysts face

1. Misunderstanding and misconception of a business analyst’s work scope
There are often differences created between what work or activity is really vital for a business analyst to get to and the actual responsibilities that their job holds or entails. This frequently occurs when a project involving a customer that does not have experience and is thus unfamiliar with a development project.
The possible solution that can be offered in such a situation is to discuss with the client what exactly their expectations are of them as a business analyst as well as their responsibilities. This should be done before the project commences. The business analyst must make sure to explain to the customer and make them understand the meaning of all important terms including terms like wireframes, V&S documents, SRS, and many more. A large number of clients often fail to recognise the difference between a prototype, a wireframe and what is called a mock-up. These words may look similar to the client and leads them to sometimes believe that the terms are designed equally. This would thus require the application of various styles, margins, and so on which would exceed the job responsibilities of a BA. Approval of various expected deliverables, as well as their content, is thus extremely important for both the business analyst as well as the client.

2. The specifications created do not the requirements of the development team
This would include the following pitfalls:
● Vague as well as ambiguous needs and requirements
● There is a lack of understanding of the level of requirements descriptions, that would be needed for developers, by the business analyst
● Insufficient time provided for obtaining requirements and putting the document together
The easiest way to solve this situation is through thorough discussion and through the discussion, defining the necessary level of requirements description, creating a checklist, identifying insufficiency of information, etc.
3. Changing business requirements as well as needs

4. Conflicts and clashes with stakeholders and higher-ups
In the case of any conflicts arising between authority (stakeholders) and business analysts when there is a team proposing a novel approach in regards to present business processes, the team must understand why there is any resistance. The following point may give you an idea.
● There could be critical features or important needs and requirements that were overlooked by the business analyst
● There could be hesitation in discarding old working methods and resistance to study novel solutions

5. Existence of undocumented processes
With the help of a business analyst course, aspirants and people looking to succeed in the field of business analysis will be informed and educated on the ins and outs of the field. A business analysis course will equip people with exactly the resources and tools that they would require in order to succeed in a business analyst job.

How Machine Learning is Changing Identity Theft Detection?

Posted on by Imarticus Learning

 

Debilitating data breaches and identity theft scenarios have left several high-profile firms across the globe scrambling to recover losses. In 2018 alone, in the US, over $1.48 billion worth of losses occurred, after 1.4 million fraud reports1. Of these reports, identity theft was a significant defining factor. Businesses and corporates alike are turning to machine learning and Artificial Intelligence (AI) in general for help. Current employees are also being upskilled for an artificial intelligence career through machine learning courses in order to prep for the future of machine learning.

Machine learning has already permeated everyday lives, from online recommendations on your favorite streaming site to self-drive cars that have awed the masses. When it comes to identity theft detection, machine learning has so much potential– especially since there are larger players and higher factors at stake.

Here are some ways in which AI and machine learning are being leveraged to detect, reduce and prevent identity theft:

Authentication Tests

With machine learning, identity documents including the likes of passports, drivers’ licenses, and PAN cards are scanned and cross-verified with an unseen database in real-time. An additional set of authentication tests can usurp theft to some extent– the use of biometrics and facial recognition being some of the more used ML-based tests. Other examples of authentication tests include microprint tests, OCR-barcode-magnetic strip cross-verification, and paper-and-ink validation2.

Real-Time Decision Making

Machine learning training has the power to operationalize and automate the process of data analytics, especially tasks that are mundane or prone to human error. Beyond speeding up the process of identity theft detection, machine learning enables real-time decision making to stop theft in its tracks or sound an alert in case of a potential threat. This is a boon for businesses both large and small who cannot afford to waste valuable human resources on mundane tasks. By detecting identity theft at speeds hitherto unmatched, machine learning allows analysts to make spot decisions before any damage is done.

Pattern Identification

An added benefit of using machine learning to revolutionize identity theft detection is pattern recognition. Since any machine learning algorithm is wired to a database with tonnes of data, these algorithms can scan through all the information available over the years to predict future threats and identify the source and patterns so that preventive measures can be taken in advance. This is beneficial in that it creates links between individual theft cases, allowing analysts to better assess what the best plan of action is in response.

Dataset Scaling

The more data that’s collected, the better machine learning algorithms are trained for a variety of situations. Unlike many other scenarios where lots of data mean more complexity, a wider database allows machine learning algorithms to be scaled and adapted as required. It also allows them to grow more accurate with every addition, make comparisons and identify genuine and fraud transactions in an instant– a true step up from the days of human involvement. However, a caveat– in training stages, it is crucial that analysts be monitoring the process because if the machine goes over an undetected fraud without flagging it, chances are it’ll learn to ignore that type of fraud in the future, opening up a big sinkhole in the system.

The final word

Machine learning is revolutionary in preventing billions of dollars being lost in fraud, theft and data recovery. Firms are increasingly allocating a huge chunk of their budget towards sound ML-based security systems– a testament to just how revolutionary the technology is in identity theft detection.

Why Does It Make Sense To Learn Digital Marketing Hands-on With Digital Advertising Agencies?

Posted on by Imarticus Learning

Every business on this planet runs marketing campaigns. It, therefore, goes without saying that a business can never be successful without an effective marketing campaign. Though marketing is a very old concept and uses traditional, time-tested strategies, the world has now gone through an evolution bringing in the digitalization of every sector. Thereby, ushering in the era of digital marketing where Internet marketing techniques have engulfed traditional marketing practices.

How is digital advertising a part of digital marketing?

Digital marketing is a part of marketing that uses technology and digital media to promote products and services. Notably, digital marketing incorporates the collection of data through many online techniques like SEO, SEM, content marketing, influencer marketing, content automation, campaign marketing, e-commerce marketing, SMM, e-mail marketing, and social media optimization.

And, digital advertising is a subsection of the larger scope of digital marketing. This includes only the part where the collected data, strategies, and various above-mentioned online techniques are used to promote products, services, and brands. This process is interlinked and never-ending. Digital advertising, therefore, makes optimum use of the digital marketing process to ensure a wider reach within a given target structure.

Why are digital marketing prodegree and hands-on training recommended?

We should always keep in mind that hands-on training is always effective for learning technology applications and gaining insight into how the market functions. The entire corpus of what is termed digital marketing is an extremely nuanced process with various steps and digital advertising employs a host of these very same procedures and uses the results derived for efficiency.

So, we can conclude for sure that hands-on training with an efficient digital advertising company will be the most beneficial to get in-depth technical knowledge about this field.

The industry, however, has higher expectations from the people who wish to work in this arena. Nowadays, every organization is looking for people who are efficient enough in all the skills required to perform the job from just when they enter the organization. This is the reason we should get ourselves into a digital marketing prodegree. These are programs with countless benefits.

Digital marketing prodegree programs partner up with various industry experts and firms to provide students with the best and most practical industry-oriented courses. During the course, you can enhance your skills through industry-oriented projects.

You get to work with large brand case studies enhancing your marketing strategy skills. They allow you to gain the raw knowledge of various digital marketing concepts by involving in real-life simulated projects about marketing challenges and situations.

Students also get chances to solve marketing concerns and issues of ongoing businesses allowing them to be digital marketing experts. And, finally, such courses help you with resume building, enhancing your profile, getting prepared for interviews, and finding suitable and desirable job opportunities. So, the digital marketing prodegree program not only helps you get educated but also gain hands-on training.

Now, we have a clear idea that both digital marketing and digital advertising are different but interrelated terms. We also understand the need for hands-on training and a digital marketing course. So, calm down your mind, learn digital marketing along with hands-on training, and prove to your employers that you are the best they could find for their organization.

HOW AI HELPS VIDEOBOT ANSWERS COVID-19 QUERIES WITH MULTILINGUAL VOICE AND TEXT?

Posted on by Imarticus Learning

Artificial intelligence is helping us during the time of one of the biggest crises in the world. It explains why youth today want to focus on having artificial intelligence training for a better career ahead.

Currently, AI helps diagnose health risks, deliver services, discover new drugs, track coronavirus infections around us, and much more. The pandemic is becoming more significant by the day, but AI is coming to the rescue through different forms of its usage.

It is not only helping researchers, scientists, and doctors to secure people’s lives but tech firms and governments to keep everyone aware. These industries are jointly working towards making the world COVID free.

CoRover teaches us to use the artificial intelligence career at its best

Recently, a start-up driven by artificial intelligence, named CoRover, create a conversational platform. It helps businesses offer authentic information to customers instantly and automatically. The system works with the help of an AI-based doctor-video bot named AskDoc.

The bot addresses queries about coronavirus, transmission, and preventive measures. It includes multilingual voice formats and text formats. Thus, it helps Indians with diverse language options like Hindi, Marathi, Tamil, Telugu, and Kannada. It also includes German and French languages.

How does AskDoc work?

AskDoc helps users get automated replies about COVID-19 and safety protocols given by the Ministry of Health and Family Welfare. It also provides information from the World Health Organization (WHO) and the Government of India.

To ask questions, users need to log into the app. They can use voice recognition or send videos to get replies. Once the app receives a query, the chatbot backend passes it through several layers of its framework.

One can access AskDoc from their laptops other than the app. It offers a chat-based portal that replies to basic questions. Even after going through layers of understanding of the data provided, the answers are pretty quick and specific.

The app helps people interact with healthcare experts across the world. They can ask questions about coronavirus and have diverse knowledge about dealing with it.

How is CoRover making an impact with AI?

The team that made CoRover is currently working towards email integration, as it is also a major source of information. It will help several government-based platforms to get quick answers.

The company also introduced Ask Disha, a conversational AI platform with more than 20 billion interactions by more than 200 million people. With the help of machine learning and artificial intelligence, it helps connect administrative staff, travelers, verified service providers, and more. The recently growing company from Bangalore has already applied for two patents for its product.

Chatbots with AI are not new and know the right way of using empathy and emotions to connect to humans. These work as efficient virtual assistants and help medical experts, medical staff, patients, and families in several cases.

The chatbots created for health only focus on aspects of healthcare. Currently, chatbots for health are increasing due to the coronavirus pandemic. With voice recognition and text formats, these can reach out to people as other humans do.

Many businesses are incorporating chatbots to offer information about COVID-19. Moreover, the Centers for Disease Control and Prevention (CDC) and WHO have chatbots on their websites to provide quick information about the virus. Several governments are also incorporating the same to keep their people aware and safe.

How a Wealth Management Training Can Help to Bridge Industry-academia Gap?

Posted on by Imarticus Learning

Understanding Wealth Management

Wealth management is a very important discipline that entails investment management and financial planning for big corporates and high-net-worth individuals. It can be categorized under investment advisory services that are provided to affluent clients.

Wealth management course provided by finance professionals takes a much-customized approach instead of giving a generic range of services. The exact range of services offered by wealth management professionals might vary depending on your country or city.

It is based on identifying the individual needs of the client and delivering tailor-made financial solutions that take into consideration the client’s needs, objectives, and risk appetite. Wealth management has a broad scope but it’s focused on the affluent client.

In some cases wealth management services entail all things that have financial significance for the client, it includes financial advisory services, legal services, estate planning, accounting, tax services, retirement planning, etc.

How does Wealth Management Training help?

One of the most pertinent challenges that exist in the contemporary business landscape is the lack of talented professionals. This is due to the wide gap between industry and academia. The academic structure is such that it focuses primarily on providing textbook knowledge rather than focusing on skills demanded by the employers in the industry.

This makes the young and aspiring professionals not very capable to take on the roles and responsibilities associated with the job.

Wealth management training helps a great deal to bridge the skill gap that prevails between industry and academia. It takes a holistic approach to train individuals with all the practical and relevant skills needed to do the job in addition to the theoretical knowledge.

It also prepares them with a pragmatic solution to problems that they will face working in this industry. The main objective of wealth management training is to impart relevant skills, knowledge, mindset, ethics, etc. to individuals who aspire to become wealth managers.

The wealth management training focuses on teaching essential technical terms, concepts, theories, and principles relevant to the wealth management industry. It prepares you with the skills required to build a career in wealth management commercial banking, NBFCs, and investment management.

Opting for a wealth management training program from reputed institutions like Imarticus Learning also provides job assurance and industry-wide certifications from reputed organizations. Industry-connect and mentorship from industry leaders can help you a great deal in landing your dream job and building your career in wealth management.

 Wealth Management Careers

A wealth management career has a very broad purview, wealth management takes a holistic approach to provide finance-related services for high net worth individuals and big corporate clients. It involves rendering services such as Accounting, financial advisor, estate planning, insurance planning, investment in securities, etc.

It is considered one of the most reputed career options in the finance and banking industry. A career in wealth management invites a lot of competition as it is highly rewarding. Some of the most prominent designations in this sector include Personal Financial Advisor, Relationship Manager, Portfolio Manager, AVP, Investment Counsellor, etc.