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Day: September 21, 2021

The Scope of Cryptocurrency Technology in India

Posted on by Imarticus Learning

In addition to the day-to-day politics, if there is any news which haunts the television shows in India, it is cryptocurrency. In order to have an idea about the scope of cryptocurrency in India, it is equally important to go into the depths of its evolution. It has gained acceptance all over the finance sector. However, in India, the Reserve bank of India has declared transactions to be independent, and the Indian government is not answerable to any gains or losses.

WHAT IS CRYPTOCURRENCY?

Cryptocurrency is a virtual currency which utilises encryption techniques to make transactions. The plus point of using this currency is that every single deal you make is transparent and secure. Some of the peculiar features of this currency are:

  1. Transfer of funds between two parties becomes more relaxed with a negligible processing fee.
  2. It makes use of blockchain technology to secure and encrypt transactions, whose database is highly secure and unalterable.
  3. It is outside the ambit of governments and central banks of countries.


Also Read: Top 6 Incredible Benefits of Cryptocurrency
However, there are some risks associated with it as well. These are as follows:

  1. The rates of exchange fluctuate by large margins which makes the little investment bit risky.
  2. These are prone to hacking.
  3. These are often used to make transactions for activities which are harmful to a nation’s economy such as terror funding or money laundering.

Despite all the odds, cryptocurrency is still the favourite investment spot for those involved in the trading world.

BITCOIN- THE MOST POPULAR CRYPTOCURRENCY

Bitcoins are the rulers of the cryptocurrency market. Although these are not legal tenders, still they chart high on market trends. Bitcoin is the first digital currency used to make transactions. The price of a bitcoin depends on bitcoin mining. More the number of bitcoins, the more it becomes difficult to add in the blockchain. These are eminent rivals to government currency.

SCOPE OF CRYPTOCURRENCY IN INDIA

A country like India which has recently faced demonetization has developed great affection for cryptocurrencies in the recent past. It has been nearly five years since bitcoin made its debut in Indian Financial markets. In India, the transactions made through cryptocurrency are on the rise despite the notifications circulated by the finance ministry. This makes it clear that the upcoming future of bitcoin in India is dazzling. There are about 1548 cryptocurrencies currently operational in the market available as an alternative to Bitcoin.FinTech Banner
Since bitcoin is not available in the physical form, this virtual currency can be converted into physical form by listing it on various online exchange platforms. Taxing the cryptocurrency is another way to legalise this currency. It becomes clear that it is a risky investment option, but there is no harm in opting for a calculated risk.

CONSEQUENCES OF BANNING CRYPTOCURRENCY IN INDIA

  1. Ban has never been a solution to any problem. Instead, a ban can result in brain-drain. If investors are not allowed to make transactions in bitcoin, they might shift to other countries like US and Canada where the use of cryptocurrencies is permissible.
  2. Money- minded people will never mend their ways. Instead, they would find some loopholes in the system which will eventually lead to an increase in cryptocurrencies through illegal means.

The government should make its stand clear since banning a promising technology might mean that India has to suffer backlog in a technique in which the whole world is continually improving. Realizing the importance of bitcoin, Marc Kenigsberg aptly said “Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential.”
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What is the Job Description of an IoT Software Engineer and What Are the Common Interview Questions for the Role?

Posted on by Imarticus Learning

The job opportunities of an IoT software engineer are varied as many companies are investing in the implementation of IoT technology. Therefore, students with a bachelor’s degree in engineering should consider Imarticus Learning’s certificate course on software engineering. The course will also teach new-age skills in IoT Cloud and blockchain.

Job Description of an IoT Software Engineer

An IoT software engineer is tasked with the development of devices embedded in the IoT technology. The job description of an IoT software engineer requires skilled candidates to conduct thorough research and design sensors in connection with IoT devices.

The job also requires IoT engineers to invest considerable time and effort in testing devices. Rigorous testing is necessary to create devices that will connect seamlessly. Every feature of these devices requires different sets of coding. This is what the SCBI from Imarticus Learning teaches students. With specializations in blockchain and IoT Cloud, this software engineering course is ideal for meeting the job requirements of a well-paid IoT software engineer.

What interview questions can IoT software engineers expect?

Students who wish to become IoT software engineers will have to sit for interviews with several companies. Most interviewers ask the following questions.

  • How are IoT devices used in this age?

IoT devices contribute to the global capital. Almost every sector, including the education sector, governments, and transportation, make use of IoT devices. At an interview, candidates evolution of technology in this age

  • What is the basic concept of IoT devices?

Candidates are expected to explain the working of IoT devices in detail. Interviewees will have to elaborate on various aspects of IoT technology including data processing, communication, intuitive performances, and sensor devices.

  • What effect does IoT have on everyday life?

IoT technology is present in various aspects of life. The use of smart devices has increased and most people invest in them. These devices are designed with IoT technology. Candidates will have to elaborate on the implementation of IoT in such areas.

  • Can you describe the different IoT components?

Here, candidates will have to explain the 4 components of IoT. These are sensors, connectivity, user interface and data processing. Interviewers will expect candidates to provide details on each component.

  • Do you think IoT can influence the formation of smart cities?

Smart cities implement IoT technology in the promotion of projects that are energy-efficient and versatile. Interviewers will expect answers that detail how IoT technology can create smart homes, energy grids, better waste management systems, water conservation mechanisms and security features.

  • Can IoT be energy efficient?

The answer to this question lies in knowing the implementation of IoT technology in the creation of smart cities. IoT helps to build energy-efficient structures and candidates need to elaborate on the environmentally friendly aspects of the technology.

  • Do you know any economic impact of IoT?

IoT has a positive impact on industries, thus ensuring a booming economy. IoT can help to reduce the cost of labor by increasing automation. This is what candidates need to focus on when asked this question.

An online software engineering course from Imarticus Learning can help students prepare for such questions. It is important to know the basics of IoT technology and its impact on everyday life. Certification in software engineering for Cloud, blockchain, and IoT from Imarticus Learning will prepare students for all interviews. They can learn about real-world projects related to the use of IoT technology. This SCBI course has an industry improved curriculum that will allow students to tackle all assignments and questions.

Several institutes offer an online software engineering course, but the program offered by Imarticus Learning is in collaboration with the E&ICT Academy and IIT Guwahati. This means that students will be able to interact with academicians and experts who have worked in the industry. Such a holistic approach allows students to learn better and develop all necessary skills.

History and Future of Full Stack Web Development

Posted on by Imarticus Learning

In the modern context of web designing and development, one common confusion that arises among those that are invested in the industry is the history and future of full stack development. One of the main reasons behind this debate being the convoluted origin of this term and how it matured and became mainstream over the years.

In this article we will explore the past as well as the future of full stack development, so that you as a developer can understand the true meaning of this terminology, how this will shape the future and decide if you should undertake a course in full stack web development.

History of Full Stack Development

If you look at it from an eagle-eye view, full-stack development has existed since the beginning of programming, but the meaning of the term in its current context is not the same as it was before.

 

Full Stack Developer Course

The current meaning of full stack development only came to light in 2008, when designing for the web as well as mobile became mainstream. Earlier to this, the term in a different capacity was regularly used in the 1970s as well as 80s. The main reason behind this being, at that time there was not much difference between a back-end programmer and a front-end one. Back then, a programmer was a programmer and he could handle and operate both the hardware as well as software end of operations.

Slowly over time, the distinction between both these ideologies grew and two different streams of application came into the picture, frontend and backend development. In early 2008, full stack web development as a term started gaining momentum and over the years it has come to become one of the most in-demand job roles of present times.

Full Stack Web Development of Today

Now that you have an idea about the history of full stack development, let us understand what full stack development implies today. In order to understand this debate better, you need to first know the two sides competing with each other. First, there is the side that promotes the cross-functional benefits of full stack development and then there is the other which continues to support the fact that one person cannot be proficient in multiple disciplines and thus this job role should be discontinued.

The first party who embraces the benefits of full stack development encourages developers to learn the technology and further optimise their skills, as they are of the belief that as a programmer, the more you understand stack, the easier it will be for you to implement in your applications.

On the other hand, the second party engages in the belief that there should be two different disciplines and programmers need to choose which side to specialise in. The main reason behind their belief is in the fact that not one person can have expertise in both areas and thus this demand for the creation of two different disciplines of programming.

Future of Full Stack Development

As you might have understood from the above arguments, the future alignment of both these ideologies looks like a far-fetched dream, but subject matter experts are of the belief that slowly but surely a unified view will emerge in the industry, which will be responsible for shaping the future of programming.

In a recent literature review, a unified definition of full stack web development for the future was published. It states, “Full stack development is a methodology which addresses all stack layers and in doing so creates a complete, implementable solution to business requirements. Full stack developers have broad experience among all stack layers and expertise in a few layers. They should be able to render a minimum viable product in a given stack.”

Conclusion

Thus, although the clear definition of full stack development gives the feel of a distant dream, slowly but surely it will emerge to shape the future of programming.

What industries will hire me with a professional certification in supply chain management?

Posted on by Imarticus Learning

Supply chain management (SCM) is the process of optimizing the development and flow of a product, from raw material procurement to production, distribution, and delivery to the final client.

SCM involves the integration planning and execution of processes designed to handle the flow of materials, information, and financial capital in operations such as demand planning, sourcing, production, inventory management and storage, transportation (or logistics), and returning excess or faulty goods.

To function, supply chain management requires a combination of corporate strategy, specialized tools, and teamwork. Professional certification in supply chain management can take you a long way.

Supply chain management generates a range of benefits, including increased earnings, a stronger brand image, and a competitive advantage. These are some examples:

  1. Improved ability to forecast and meet customer expectations
  2. Enhanced supply chain visibility, risk mitigation, and prediction accuracy
  3. Fewer process bottlenecks and less product waste
  4. Quality improvements
  5. Increased societal and environmental sustainability
  6. Fewer overhead
  7. Improved cash flow
  8. And better logistics

If you want to pursue a supply chain management career, you must know your job prospects. A Supply chain Management course will come in handy if you want to flourish in this field and bag a job in your desired company.

Supply chain management coursesLet’s check out a list of some giants that greatly need supply chain managers: 

  1. McDonald’s serves roughly 70 million consumers every day. It accomplishes this by coordinating a vast network of suppliers, franchise owners, and service providers.
  2. Walmart is well-known for integrating path-breaking supply chain technologies and for developing novel routes to efficiency. Other companies frequently study Walmart’s supply chain management practices in order to replicate its success.
  3. PepsiCo is the maker of well-known snack and beverage brands. It unveiled broad sustainability goals in 2019 that will drive the firm to reduce emissions and run leaner operations. PepsiCo is focusing more on optimizing its supply chain with enhanced data integration and inventory analytics, including ordering algorithms.
  1. Companies like Apple highly rely on supply chain management hence streamlining inventory management and limiting overstocking.
  2. Starbucks is another giant that depends on the supply chain and functions globally, reducing outsourcing costs and focusing on centralizations.
  3. H&M’s supply chain focuses on intelligence and analytics, seeking to predict potential patterns of consumer behavior both online and in the brand’s physical locations.
  4. Nestle is the world’s largest food processing enterprise. Nestle established a “global coffee alliance” with Starbucks, which will offer the coffee bean sourcing aspect of the supply chain, while Nestle (which paid $7.3 billion for Starbucks licensing) would execute customer-end allocation. They are also moving to blockchain to monitor food journeys.
  5. Nike’s current manufacturing model is primarily reliant on third-party contractors in countries such as Vietnam, and Indonesia. By 2023, 20% of Nike and Adidas shoe production will shift to more automated factories. Given Nike’s existing reliance on offshore factory labor, this transition toward automation may necessitate a significant reorganization of its supply chain organization system.
  6. Intel IT is transitioning the historical supply chain into a new “glass pipeline,” which increases decision-making skills and business agility. This project is concentrated on its Integrated Data Platform, which means that reports that used to take several hours to generate can now be generated in real-time as a result of speedier data access.
  7. Alibaba is another company that depends on supply chain management. In 2020, the company reached a milestone of US$1 trillion and boosted revenue by 35% a year. This growth was witnessed despite the ongoing pandemic.

So, it’s clear that supply chain management is required in several industries. Some of the most important ones are:

  • E-commerce industry
  • IT industry
  • Food manufacturing industry
  • Beverage Industry
  • Fast food industry
  • Retail industry

Conclusion:

There are institutes that provide a Professional certification in supply chain management. You must carefully pick the right one for a successful supply chain management career.

supply chain management courses in India

 

If you want to take up a Supply chain Management course, do not forget to check out what areas are covered by that course and whether it is accepted by companies all around the world.

5 Tips to Writing an MBA Statement of Purpose: Format, Structure & Samples

Posted on by Imarticus Learning

Acquiring a Master of Business Administration (be it an online MBA course or offline), can help people advance in their careers, receive more pay, and receive job promotions. A regular MBA, as well as a distance MBA, can provide the skills and information required to launch a new firm, and many organizations require an MBA for certain managerial or leadership roles.

Accounting, statistics, economics, communications, management, and entrepreneurship are among the topics included in MBA training. MBA programs not only equip students to work for financial institutions, but also for managerial positions or as start-up company founders.

Here are 5 tips for your SOP which will help you outperform others and secure a position in a good MBA institute:

An SOP, or Statement of Purpose, is essentially a paper that explains to the university why you are applying to that specific program at that university. It also demonstrates whether you have what it takes to pursue a course at that particular university.

Tip 1: You must realize that the statement of purpose works as a vehicle for conveying your attitude, personality, and character. Here are a few points that you must include:

  • You are a bright student who can handle the academic demands of a graduate degree.
  • That you are academically and personally prepared, and willing to learn new things.
  • You are really enthusiastic about the field of study you have selected.
  • Your capability of overcoming the difficulties of studying at graduate school.
  • Your capability of establishing and maintaining positive relationships with teachers and fellow graduate students.

Tip 2: The format of your  MBA SoP format should be crisp, with vital messages distributed among logical paragraphs.

You must address the following questions and maintain this format:

What is your educational background?

What achievements have you made in your working life?

What are your professional objectives?

Why pursue an MBA? Why do you feel the need to pursue higher education?

Why do you believe our university is the ideal place for you to attain your goals?

Tip 3: It is often seen that the exact word count you need to hit is not always specified by the university. In such a case it is ideal to keep it within 1000 words and not include unnecessary things and make it boring and lengthy.

Tip 4:  While writing your SoP you need to be careful about being accurate about what you say. You need to conduct a good amount of research before starting anything. Whatever you write must be substantiated by case studies, statistics, or real-life examples. Also, remember to break your essay into paragraphs so that it is easier to read and comprehend.

Tip 5: Don’t restate everything on your resume. The admissions committee has already reviewed it, so there is no need for you to go over it again. Add something new to your SoP.

Conclusion

Whether you are pursuing a full-time MBA degree or a distance MBA degree, you must remember that this degree will shape your career, so make sure you give it your best shot.

MBA online coursesIn case you have other commitments and financial problems you can always take up an online MBA course. There are quite a few online programs that may help you get your dream job while balancing your work life and other responsibilities.

 

Financial Analysis Quiz

Top 7 industries that depend heavily on artificial intelligence and machine learning

Posted on by Imarticus Learning

AI and machine learning are possibly two of the most versatile technologies of the corporate world. It is now used in most sectors to extract and analyze data to make logical decisions. It also helps them to cater to their client’s needs more accurately and make helpful suggestions regarding the same.

It has also come to light that many major companies have decided to use AI to take better care of their employees’ well-being. This is high time to do a machine learning and artificial intelligence course if you are thinking of good career prospects. A lot of institutions in India provide good artificial intelligence and machine learning courses with certificates.

Imarticus Learning has a good AI and ML certificate course that will be beneficial to students who want to pursue this career. Experts state that artificial intelligence and machine learning are going to be even more in demand in the near future.

AI and machine learning courses in IndiaThey find applications in a versatile field, so you will be able to work in your dream sector. And not just that, you will even be able to change sectors as most major companies already rely heavily on artificial intelligence and machine learning.

Industries that rely heavily on AI and ML

Most of the big industries already rely heavily on AI and machine learning. And, the ones still left behind are starting to come over to this side slowly but steadily. Here is a list of 7 industries that function through AI and machine learning the most:

Transportation

AI and ML provided algorithms are used to monitor and predict the clients’ needs and give suggestions accordingly. From traffic management to the production of self-driving cars, all of it relies heavily on the data provided by AI and ML.

 Finance

Instead of replacing accountants with an automated system, AI and ML have proven to be reliable support tools for accountants and all of the finance industry. By taking on the grunt work, it lets accountants focus on the creative aspects of their jobs.

 Advertising

Collecting data from the online habits of the target audiences and providing advertisements according to it are the main reasons this industry has profited so much in the last few years, and it is all thanks to AI and ML.

 Healthcare

Thanks to the data collection of the patients by AI, the process saves a lot of time on both sides, which is crucial in a life or death situation.

 Agriculture

AI-powered robots can detect the specific places where weeds and pests are harming the plants and take actions to prevent them. This helps in developing a resistance to herbicides.

 Production industries

From dealing with supply chain issues to predicting malfunctioning machines, AI and ML have proven to be irreplaceably helpful to manufacturing or production industries.

 Retail and customer care

It is one of those fields that has benefited from AI the most. From bots to deal with customer issues and predicting clients’ needs to offer suggestions, this industry runs a lot smoother because of AI and ML.

 Conclusion

Artificial intelligence and machine learning courses can land you your dream job in any sector. It is one of those jobs that will never run out of positions as all industries need the help of technology to function properly these days. Check out Imarticus Learning’s machine learning and artificial intelligence course to learn from the best and always be on top of your game.

Related Article:

Top AI and machine learning courses in India

Let FinTech Help Jumpstart the Economy

Posted on by Imarticus Learning

The year 2020 opened with a global crisis. The COVID-19 pandemic is reshaping the business and development sectors. The impact of this on the world economy is calculated to be worse than the 2008 crisis. However, there are fundamental differences between the two cases. The epicentre of the economic crisis in 2008 was big banks, whereas this time around the impact is more on the Fintech. However, they can come a long way in helping economies to recover from this crisis. If you look deeper into the segment, there are some advantages in the way they work. Most of them are typically online platforms, so they can continue to function in the remote-work environment, and most of them can process a large amount of data.

How Can Fintech Help?

Fintech could leverage artificial intelligence and machine learning to collect and analyse data to perform predictive analysis. This will help the firms to re-design the products and services to suit the changing economic landscape across the world.

Most of the fintech companies are trying to rise to the challenging situation posed by the COVID-19 pandemic outbreak. Many fintech companies are relaxing their terms and conditions and amending their service norms to help their clients deal with the crisis. Fintech across the globe – from India to Russia, U.K. the U.S etc. are using their data insights and talents to extend generosity.

Let us look at some examples. The London-based fintech Aire has come forward to act thoughtfully – they have offered free access for three months to their credit insight service. They have considered that the lenders are stretching beyond limits and are struggling to put up a real-time picture of their customers.

India’s leading fintech in cryptocurrency, CoinDX has successfully raised 3 million dollars in Series A Funding. The company can use this to launch new products and support market research and development. They are actively pursuing their vision of leading India into a 5 trillion-dollar economy. Being India’s largest exchange, they are shouldering the responsibility to lead India’s crypto adoption.
Another fintech, Digital Onboarding, extended free unlimited usage to empower their customers and help them understand how to use their digital services and access money online, without having to visit their branches.

The COVID-19 crisis has pushed organizations to re-think the conventional concepts of payments and money and try to broaden and innovate the scope of re-thinking the way business is being done. This crisis is not considered as a shock that pushes the gig economy further to new levels. Instead, many fintech like to see this as an opportunity to think about continuing the business with limited resources, shifting to co-working spaces, for instance. To acquire better fintech capabilities, many organizations are encouraging their employees to enrol in good online fintech courses.

It prompts the way work has been done. They are trying to continue their work seamlessly from remote spaces using existing tools like video conferencing and project management tools. Some organizations are considering combining virtual reality and artificial intelligence to convey information more effectively than it is done through face-to-face meetings. The COVID-19 crisis has kick-started the convergence of physical and digital working and this could prompt a significant reduction in the need for big office spaces.

Conclusion

Fintech companies are leading the way to re-look and re-imagine the way business is done today. With many organizations are following the path, there will be a substantial increase in the number of businesses leveraging technology to facilitate remote working options. Businesses are surely going to benefit from this cultural shift. Fintech companies are going to jump start a transition that is going to have a ripple effect on other economic sectors.

Risk Management As a Career option: All you need to know!

Posted on by Imarticus Learning

The world around us is more dynamic than others. With growing businesses and the economy, the world has become prone to more and more risks. However, risks increase the chances of profitability for a business. Risks if managed efficiently, can become a blessing for the company but if the risk management activities are not undertaken with caution, things can go haywire.

Therefore, it is important for anybody who manages business risks to have undergone Banking and Finance Courses after Graduation for a better understanding of the job role.

A career in Risk Management

A risk management career can be challenging and rewarding at the same time. It is considered as one of the most important jobs owing to the current situation. He plays a pivotal role in forecasting and managing business and operational risks for a company. A risk manager must be aware of the different corporate governance policies and should add value to the functioning of the organization.

The major roles taken up by a risk manager are:

  1. He identifies risk based on his experience and his knowledge of numbers
  2. He calculates the possible outcomes of a particular case or an activity to understand the level of risk the company is exposed to.
  3. He is also responsible to come up with different models based on his past experiences so that any known or common risk can be prevented.
  4. Managing the risk management team and delegating the responsibilities based on the skillset of the person.

This is not an exhaustive list. A risk manager’s job is multidimensional and has never had such significance before.

The required skillset

A risk manager must have a diverse skillset. As the job requires analysis of huge data sets, you need to have proper analytical skills to become a successful risk manager. Data interpretation and number crunching form the base of the job role; therefore, you must be good with numbers.

Also, an individual must possess critical reasoning and logical thinking abilities to become successful in the field. Apart from data crunching, an individual must also be a decision-maker who knows to take instant decisions. He must have a very strong judgment.

Other job roles in risk management

Risk management is an extensive field where different job roles can also be taken up. Risk management profiles pay very well and also provide different growth opportunities. Some of the popular job roles in risk management are as follows:

  1. Risk advisor
  2. Loss control specialist
  3. Risk specialist
  4. Financial risk controller
  5. Risk analyst
  6. Safety consultant
  7. Chief risk officer

Becoming a risk manager

An individual must be a graduate before he takes up a risk management job. However, if you are only a graduate, you will be offered a less challenging role with lesser pay To build a successful career in risk management, you will have to have a strong academic hold. The job requires hard work and preparation and you should start preparing for these roles well in advance. Some of the courses that can help your cause are listed below:

  1. Financial Risk Management: This course is very popular and a lot of risk management aspiring professionals go for this course as it provides deeper insights into the subject.
  2. Professional Risk Management: This course is taken by professionals who are looking forward to upgrading their skillsets. It has 4 online exams module. The course can be easily completed

Risk management is an ideal job for people who have experience in finance and analytics. Also, an individual can make a strong standing career in the field as it is both challenging and well-paying.