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Day: September 28, 2021

What is Business System Analysis?

Posted on by Imarticus Learning

As the name suggests, Business System Analysis is the analysis of business systems. Different processes like team performance, the performance of business tools, human resource evaluation, etc. are analyzed by a business system analyst. A business system analyst finds ways to enhance the processes in a business.

A business system analyst works with both people and the resources available in the business. He or she interacts with the various team leaders within an organization and makes sure that every system is running properly. Problem detection is also done with the help of Business System Analysis and is managed.

The main focus of a business system analyst is to work on people, tools, systems, work environments, and optimise them. It helps in creating a better business strategy which will eventually help in growing of any particular business. Let us have some more insights into Business System Analysis.

Pros of Business System Analysis

  • The theoretical model created via Business System Analysis helps in creating a practical SDLC (Systems Development Life Cycle) model which is implemented to increase the effectiveness of business processes. SDLC includes planning, designing, development, maintenance, etc.
  • It helps in finding the shortcomings faced by the employees in terms of resources and tools. If the requirements for any particular job can be identified at the right time and employees are provided with the right guidance, they can produce better results.
  • It helps in finding tools, workers, initiatives which are taking more investment but are not producing expected results. Such processes, systems can be given a second thought form the administration. It will also help in cost optimization.
  • Business System Analysis helps in adapting to new changes. A good business system analyst can forecast and stay ahead of others in terms of working culture, technology, and resources.
  • A business analyst suggests companies/firms in finding out the best web application, software, and hardware tools which can increase speed and accuracy.
  • Risks in businesses are identified via Business System Analysis and are managed.
  • They also help in maintaining a good office culture. It helps in increasing employee satisfaction.
  • Business analysts help in meeting the market requirement. They monitor any particular process and make sure that it fulfils its objective. They try to maintain communication within employees which helps in increasing clarity.
  • They also help in proper documentation and analysis of required chores and processes and monitor them from time to time. There are many sub-processes in a business that is to be interconnected to achieve the company goal which can be done with the help of a business system analyst.

Skills Required to Be a Good Business System Analyst

  • Good communication skills are required to communicate and understand the problems of the employees.
  • A good business system analyst has good problem-solving skills. He/she can find the faulty areas within a business and can work on it.
  • Good business analysis skills are required where you can understand the processes and their architecture. A business system analyst must be able to work on various business analysis software. He/she should be able to create various analysis models like Process Flow Diagram, Data Mapping, Entity-Relationship model, etc.
  • A good business system analyst can connect to people and find out the loopholes. He/she is an excellent relationship manager and has good presentation skills. A business system analyst must be good in information systems, maths, computer science, etc. One can learn from Business Analysis courses available on the internet.

Conclusion
A company/business can generate revenue using their investments and technology but to maintain it for a longer time, trusted employees, tools are required.

A business system analyst helps any particular company in interconnecting the business processes and optimising it in such a way that it gives a maximum result. This article was all about Business System Analysis and its importance. I hope it helps!

What is a Business System Analyst Salary

Posted on by Imarticus Learning

The jobs today are dependent on the systems we use to do our work. Therefore, it is quite important to keep the system up and running. This brings in a need to hire someone who is an expert in the field of managing business systems and how we operate. This expert is usually known as a business system analyst.

Systems analysts are people with high order thinking ability and a diverse skill set. These people are responsible for developing projects and delivering high-quality results. Successful and high performing organizations have one thing in common: An exceptional analyst of business systems.

Who is a Business System Analyst?

A business system analyst is a person who takes up initiatives and projects of developing new business processes and drives major changes in the organization. These analysts have a comprehensive understanding of different types of business systems and how these systems operate.

They make use of the existing data sets to come up with conclusions that aid business decisions. Also, these individuals contribute immensely in achieving the organizational and strategic goals of a company.

The duties of a business system analyst

  • He performs different functions within the organization. Some of these common functions are:
    Dealing with the entire management and relevant stakeholders regularly to understand their new requirements or to know about the need for updating the existing systems.
  • They develop possible business cases and scenarios and come up with innovative solutions. Also, they map different business processes to keep a tab on the activities going on inside the company.
  • They track the performance of individuals, the progress of different projects, etc. Also, they resolve issues which arise from these projects.
  • They keep a track on the implementation of proper system throughout the organization. They work quite closely with the tech professionals working in the company.
  • They are responsible for generating performance reports for all the employees and the projects on which the company is working.
  • They build up new business information systems which might be required to adhere to the strategic needs of the company and also to align with the goals of the company.

A business analyst course will give you a better understanding of the roles a business system analyst would be expected to perform.

How Much Money Do Business Systems Analysts Make?

This job requires specialised training. Also, it can only be taken up by people who have expertise in dealing with technological products. An analyst is known for his analytical bent of mind. It is a high paying job. The average pay of a business system analysts in Australia will lie somewhere between $100K to $120K. In India, the base pay is around 9-10 lakhs which is considered to be quite good.

The companies in the US pay their business systems analysts around $69000 which is considered to be quite decent. Different companies and countries have different salary ranges for BSAs but they are paid quite well everywhere. You can keep upgrading your skills to earn even better.

How Can You Become a Business Systems Analyst

A business analyst course will be the best way to go about it. It will give you all the important information that you would need while delivering results. Also, a course will give you a better understandi9ng of how different business systems work and the kind of ecosystem these analysts build for the companies they work in. You can also go for a specialization in the field of IT, Finance, Communications, etc. to have an edge over your competitors.

How can Anyone Build a Career in Digital Marketing?

Posted on by Imarticus Learning

Digital marketing is a fast-paced and changing industry and has become one of the best career choices because it is a very rewarding and lucrative industry. The best digital marketing courses will teach you how to use various platforms such as social media, email, and search engine optimization to promote businesses and generate revenue.

What’s more, the best digital marketing courses will teach you things that apply to any niche in the industry, not just your specific niche. It doesn’t matter if you’re looking at SEO, PPC advertising, email marketing, social media management – there are best practices that apply across the board! In this blog post, we’ll look into how anyone can learn digital marketing so they can start making a difference in their career today!

What makes digital marketing a great career choice?

According to the Bureau of Labor & Statistics, by 2021, there will be a shortage of as many as 250,000 digital marketers. That means that companies will need someone with an understanding of the best practices and tools at their disposal to stay competitive.

Digital marketing training is also a great choice because it’s more than just an industry – it’s a culture. Digital marketers share ideas through conferences, online communities, and social media groups so they can collaborate on best practices from around the world, no matter where they live or work! This gives you opportunities for personal growth unlike any other type of career path, which usually focuses on one location – not something everyone wants out of life!

How can you build your career in the digital marketing industry?

You can start by learning digital marketing yourself. It is possible to get a certification in the field of digital marketing, or you could learn digital marketing by enrolling in an online course. This will help you learn all the skills needed to be successful in this industry.

An online course is an excellent way to start your career in digital marketing because you can learn the skills you need without spending a lot of money. You have access to all kinds of different courses, which means that there is something available for every budget and learning style.

You can take courses on marketing strategy, social media, and business planning, as well as some very specialized digital marketing skills like search engine optimization and content creation.

Another great thing about online courses is the fact that you can work at your own pace. If you’re working, it can be hard to find time to go back to school and take lessons on campus. Digital marketing is a very fast-paced market, though, so there are not many opportunities available if you do not know what you need to succeed right now.

The good news is that with an online course, all of this information will be accessible from any computer/mobile device whenever it works best for your schedule. This implies that as long as you have internet access, then learning digital marketing becomes extremely convenient. You’ll never miss another class again!

Start a rewarding digital marketing career with Imarticus Learning

Imarticus Learning offers various courses that can give anyone the opportunity to learn digital marketing and become an expert in their field. The course provides students and professionals with practical experience on how to apply what they’re learning through live projects, case studies, industry exposure, and expertise from our world-class faculty.

These courses have been designed by industry experts to develop comprehensive knowledge in key areas of digital marketing such as search, social, and analytics.

What is the face recognition technology in AI and how is it helping secure businesses?

Posted on by Imarticus Learning

Artificial Intelligence is an ever-growing field, and it’s important to learn more about AI technologies. One of the most popular AI technologies we see today is facial recognition, also known as Face Recognition technology. In this blog post, we’ll discuss face recognition technology & how it’s helping secure businesses!

What is Face Recognition Technology?

Face recognition technology is one of the most cutting-edge AI technologies available today. It has many uses, from recognizing a person’s identity to authenticating their access to a building or room. The technology works by creating a unique template of an individual’s face after analyzing their facial features.

Face Recognition Technology in AI Benefits

There are many benefits to using Face recognition technologies, including:

– Automated Identity Verification: The ability to access secure areas is important for employees & customers. Still, it can also be time-consuming or just annoying, depending on how you do it. However, with this type of artificial intelligence software, companies can now allow faster access through automated identity verification technology! This means all someone needs to do is have their face scanned to enter freely without any problems.

– More effortless Authentication: Face recognition technology makes life easier for businesses and customers through automated authentication. All someone needs to do is access a building or room with this type of software installed to have their face scanned, allowing them free access without any problems.

– Secured Transactions:  You can also use this type of artificial intelligence software from your phone when online financial transactions. With the heightened security concerns, people are finding new ways every day to steal identities and money; these types of AI technologies help protect both businesses while allowing consumers peace of mind when conducting transactions online.

How to Face Recognition Technology is Helping Secure Businesses?

– Facial Recognition Door Access: One of the most popular types of software available today is facial recognition door access, where it’s used to identify people before allowing them into a building or room. This means faster authentication for employees, which reduces time spent outside entry points waiting in line while also providing increased security measures if someone tries to break in!

– Mobile App Authentication: Another application of artificial intelligence technologies, specifically facial recognition technologies, is through mobile apps like banking and shopping platforms. With these applications, companies use face recognition technologies to help secure transactions made on mobile devices by verifying the identity of people conducting financial transactions on their phones. This helps protect both parties while providing peace of mind when using these applications.

– Video Surveillance: Facial recognition technology with video surveillance can be used in many different ways, including identifying criminals or checking suspicious activity around your home! With this type of software installed, police forces can locate suspects much faster & arrest them quickly and prevent future crimes!

Make a Career in AIML with Imarticus Learning:

The certification in Artificial Intelligence and Machine Learning program from Imarticus Learning is designed with the E&ICT Academy, IIT Guwahati & industry leaders to provide the best learning outcome for students who wish to learn AI. This program prepares students for the Data Scientist, Data Analyst, Machine Learning Engineer, and AI Engineer roles.

Artificial intelligence course goes a long way towards helping unlock lucrative career opportunities in AIML.

Course USP’s:

  • Master Machine Learning and Artificial Intelligence skills through the most relevant curriculum designed by industry experts.
  • Boost your career with this globally recognized certification.
  • Imagine how you would feel when you have the skills to analyze.
  • This gives students the chance to engage in a world-class campus education experience.
  • Learn what New Age Artificial Intelligence & Machine Learning Engineers do by solving real-time problems.

For further details, contact us through the Live Chat Support system or visit our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi, and Gurgaon.

How Tough is Investment Bankers Life

Posted on by Imarticus Learning

Responsibilities of an Investment Banker

The Finance industry is for the opportunists, most people aim to get into finance because the remuneration is far more lucrative to pass on. Investment banking seems to be everybody’s dream job or at least for those who just seek the perks and not the work hours involved. The job role of an investment banker is very dynamic and takes a combination of hard and soft skills to succeed and thrive in the face of competition.

The traditional investment banking criteria puts an investment banker’s job as helping the clients raise capital from the market by using the tools of debt and equity after thorough analysis given the client’s need and capital requirements. The job role has much more in its purview; let’s breakdown some of the key responsibilities of an investment banker.

Finding business opportunities for the company by interacting with new prospects and maintaining the relationship with the old ones

Preparation of financial models for suitability of capital structure for mergers and acquisition deals or other capital raising expeditions

Formulate recommendations on various financial product offerings

Perform thorough company analysis, doing due diligence and documentation for transactions

How to be an Investment Banker?

Most people aiming for a career in the investment banking segment often wonder what is the best approach to land the job of an investment banker. Newcomers are often puzzled by what it takes to be an investment banker and how can they kickstart their careers. It can be rather confusing given the dynamic nature of the job that requires you to work on multiple aspects.

To enter the field of investment banking the best approach is to do your majors in finance, commerce or economics, this provides you with an edge by building a solid foundation and a robust knowledge base. It provides you with an in-depth understanding of the finance industry.
In the contemporary scenario the competition in the industry in on an unprecedented scale, to steer clear of the competition in the industry you can pursue a Master’s in Business Administration (MBA) with your specialization in Finance. This will not only consolidate your stand but will also give you a comprehensive understanding of the world of Finance.

There are courses designed specifically for entering into the Finance industry such as Chartered Financial Analyst course, it takes a holistic approach and covers all possible aspects of your financial education, the subjects include Alternative Investments, Financial Reporting & Analysis, Corporate Finance, Economics, Portfolio Management, Ethics, etc.

What separates investment banking jobs from other jobs in the finance industry is the fact that it requires much more than just a good technical knowledge of the finance industry. Investment baking jobs require stamina to work long hours and by long hours we are talking at least 70-80 hours a week.

It requires people to have good interpersonal skills to meet and connect with the client, socializing with people is a must-have skill here. Other than that, it also requires effective communication and presentation skills. If you are striving for a career in this industry you need to have a lot of patience and stamina to do hard work, there’ll be no work-life balance here at least in the initial days and entry-level positions. However, the perks are equally rewarding and satisfactory if you manage to survive the initial phase of this career.

Conclusion

Yes, it is tough to work as an investment banker, if anybody says otherwise, they are keeping you away from the reality of the job. It looks all glorious from the outside but it requires hard work, perseverance, and determination to succeed as an investment banker.

Also Read: Tips to Become Investment Banker

How Blockchain is Changing Banking Industry?

Posted on by Imarticus Learning

Understanding Blockchain

In simplest, blockchain can be understood as a digital ledger that keeps a record of transactions of high economic significance and it cannot be manipulated or corrupted.

So how’s that possible? Well, the construct of blockchain is such that any data is store on thousands of serves and everybody who has access to that blockchain can find out about any changes made to the document. Firstly, it doesn’t allow changes on a later date and secondly, it keeps track of all the activities carried out on that digital ledger.

Blockchain trainingBlockchain courses in banking uses a distributed ledger system that is highly decentralized and shows all information and updates in real-time to all the users that have access to a particular block.

Each block in the blockchain carries the number of transactions and a new record is formed when new transactions are recorded.

One of the most prominent and oldest uses of the blockchain application was evident in Bitcoin that is a cryptocurrency using blockchain technology to facilitate transactions. Since then, there have been many new applications of blockchain technology.

 Blockchain in Banking

The blockchain technology is still in its nascent stage and there is much to be discovered about this technology. Bitcoin introduced the blockchain technology to the world but its tremendous potential led to new applications of this technology and opened new avenues for growth using blockchain.

Businesses in multiple industries are using the blockchain technology to reach new markets and boost profitability. One of the industries that have drastically transformed with the advent of this powerful technology is the banking sector.

Let’s delve deeper into how blockchain is helping the banking industry to overcome the challenges.

  1. Quicker Transactions

In the contemporary digital era, customers are used to faster services that don’t take more than a few minutes to materialize.

Blockchain Training in BankingNow one of the major challenges faced by the traditional banking systems is that it takes more than the necessary time to settle financial transactions carried out between two parties. The average time taken earlier was between 1to 3 days.

This processing time will not be entertained by customers in the present. Blockchain is a highly decentralized technology that eliminates mediators to verify and process the transactions. Banks can effectively use blockchain to reduce their processing time and enable faster transactions.

  1. Fraud Detection & Enhanced Security

The traditional banking system is full of loop-holes that are used by cybercriminals to leak vital information, hack bank accounts and carry out fraudulent transactions.

blockchain Training in BankingIdentity theft is also a common problem in the modern digital age. Banks need better protection against these cybercriminals to detect fraud and eliminate the chances of data leakage.

Blockchain solves this problem to a great extent as it uses cryptography and decentralized system to record financial data.

This minimizes the probability of data leakage and manipulation to a great extent. This makes blockchain indispensable for the banking system when it comes to securing financial transactions and vital data.

  1. Better Data Quality

Data quality improvement is certainly one of the most important benefits of using blockchain technology in banking. Traditionally the banking related data was stored by banks in multiple locations with different parties having access to each.

Blockchain Training in BankingThis allows easy data manipulation without any repercussions but given the blockchain highly decentralized structure it is almost impossible to manipulate data without being caught.

Systematic storage of data without any user-bias makes it more authentic and helps banks to better target customers and increase their profitability. It also instils more accountability in the whole banking process.

  1. Cost minimization

Yet another important benefit of blockchain that has been changing the banking industry drastically is its cost minimization benefit. The traditional banking system involves a lot of intermediaries to process and facilitate financial transactions.

Blockchain Training in Banking

Blockchain helps to remove all these unnecessary financial intermediaries and reduces the cost drastically which resulted due to increase involvement of middlemen. Smart Contracts are being used by banks to reduce administrative charges and enforcing contracts.

A smart contract automatically executes and enforces legal actions as per the terms and conditions of the contract.

  1. Better Financial Inclusion

Financial inclusion has been a major challenge, especially in developing countries where there is a high population living below the poverty line. These people fail to open a bank account or avail other financial services due to high fee and associated costs. Blockchain technology eliminates all irrelevant mediators and helps to drastically reduce the cost associated with carrying out financial transactions.

This will help more people to avail banking-related facilities and help bring more financial inclusion. In addition to this, it also helps small players in the industry to compete against the big banks and gain a fair share of the market. Blockchain in the digital age will surely boost financial inclusion.

Banking has always been a preferred career option for the majority of people who want to build a long-term successful career with rewarding perks. A career in banking today requires more than just traditional banking skills.

One can opt for the Imarticus banking course to obtain knowledge and skills relevant in the contemporary banking sector.

It will help to boost your job prospects and give you an edge over the competition. Imarticus banking training also guarantees job assurance with the most reputed players in the banking industry.

Best Practices For Personal Financial Management At Different Stages In Your Career!

Posted on by Imarticus Learning

Managing finances is something no person would ever be able to avoid. Technically, you may think that money management is for late adulthood. However, it is essential to instill good money management habits from the get-go.

An important thing about financial management is that its importance scales up as you age. This means that the ways in which you were to save up on your spending would differ drastically if you are in your early twenties or in your late sixties. Managing your personal finances becomes crucial and a Finance Career can help develop this managerial skill.

A New Age Banking Course provides all the education on self-financing. That’s why we have carefully curated these best financial practices for every stage in your career.

Money Management in your career:

Early-stage in your career:

The early stage in your career helps you lay the foundation of your life. It is seen that money management usually takes the back seat in this stage as people are driven by their wants. A good financial management practice would instigate you being driven by your needs instead of your wants.

New Age Banking CourseInstilling the habit of saving up funds for emergencies or for the future while curbing on your ‘wants’ has proven to be a tried and tested strategy for financial management. If you are deciding on buying something expensive, try to think if you would use that product even 3-5 years from that time to check if it is a necessity or a luxury.

Reaching the happy middle point:

You typically would be in your late thirties when you would reach the midpoint in your career, and chances are you would be making a lot more money than when you had just started earning. However, your liabilities would also most certainly grow. You probably would be married and would have children to look after, marking the end of your carefree days. In such times finding yourself in financial peril is not uncommon.

We believe with rigorous routines and disciplined spending, you would be able to avoid all the hardships that life would throw at you. You should maybe expand your savings to cover a good chunk of time in case anything happens with your source of income. You should also try to have no mortgages, loans, etc., by the end of your forties. Along with your income from job, you should have a side investment pool like passive incomes that can help you sustain.

Also, starting a retirement fund would be a great decision at this stage.

Late career:

Typically, you would be in your fifties and considering your future options during the late-career stage, you could choose early retirement, or you could work even after retirement. You would probably be undecided at this stage. However, one certainty should be that you should have a surplus amount saved by now.

You should also have life insurance and other things in place to help your future generations as much as possible. At this point, one should also strive for financial independence. Even when you retire, you should have enough funds to see you comfortably to the end.

Conclusion:

Life is very uncertain. There will be some really amazing days and some not so good ones. While it is important to have fun, it is equally important to have monetary discipline. Ask someone with a Finance Career for help or check out a New Age Banking Course for personal financial development.

Hands-on Linear Regression Using Sklearn!

Posted on by Imarticus Learning

Linear regression in Machine Learning is a kind of analysis where there are both dependent and independent variables. Their relationship is depicted here by a linear line from the provided data. This technique is mainly used for predicting the results.

The data and the values from the linear regression are used to find the Mean Squared Error (MSE) to change the values of the variables so that they have the least value possible and get the most accurate results.

While there are several tools that are usually used for linear regression Sklearn is one of the popular tools.

What is Sklearn?

Sklearn is the short form for Scikit Learn which in Python Language, an open-source ML library to help unify the various tools of algorithms in machine learning.

Linear Regression trainingSklearn precisely works as a one-stop solution that helps with importing, preprocessing, plotting, and predicting data.

Its versatility, powerful nature, ample documentation, and active nature make it one of the popular toolkits in ML.

Linear Regression in machine learning

Linear regression comes at the last stage of the ML processing. Though there are several tools for the same, Sklearn is used more because of its versatility. When there is a log of consistent data it is easier to predict future patterns. The various steps towards the implementation of linear regression are,

  • Loading the data or object from its source
  • Training the model results in dividing the data into dependent and independent variables.
  • Later it is split the data into train and test sets.
  • It is the test set that will be used for the predictions.
  • Explore the results to find the suitability of the data for linear regression. A low accuracy data shows the non-compatibility of data to this.
  • Narrow down the data to a smaller portion and repeat the same steps above.
  • Now the data should be able to show the MSE which can be used for better predictions.

Importance of Linear regression 

Linear regression is important as it determines the accuracy of the prediction from the data given and also finds out the predictors that are significant for better results.

Linear Regression Training in Machine Learning

It is useful in determining the power between the dependent and independent variables such as sales and expenditure, or in the case of health care dose and its effects on the body, etc.

Analyzing the regression model explains how much the variables do change with respect to each other. Forecasting weather or its impact and changes is a fine example of this application. In the case of sales and marketing, it explains how much increase is possible in income with a specific amount of expenditure.

Finally, it is one of the main tools for predicting future trends and possibilities. It can be used for a future prediction of any time span. Linear regression using Sklearn provides a near-accurate prediction of the values.

In addition, there are different types of linear regression – simple or multiple linear regression. Each type is suitable for a different purpose or type of data available.

Conclusion

Its possibility is too vast that it requires proper Linear Regression Training to use the best data for getting the most accurate output. Once learned it is easier to predict data and values in the fields of sales, marketing, financial assessments, insights into consumer behavior, risks in finance or loans, etc.

As already mentioned, the accuracy of the prediction highly depends on how compatible the data is for the linear regression model. The Sklearn method is a far better option to determine the same and can provide the closest values to help with a better prediction model for the business.