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Day: January 13, 2022

How will IoT improve the way startups do business in 2022?

Posted on by Imarticus Learning

From alarm clocks to auto lights at home, we are surrounded by IoT everywhere. In the 21st century, IoT has become one of the most essential technologies affecting our daily lifestyle. IoT stands for Internet of Things. It describes the network of physical objects or things that includes sensors, software, and other related technology that allows connecting and exchanging data within devices and systems over the internet. 

According to a study published at gsma.com in 2019, IoT has increased productivity and makes up to 0.2% of the GDP. Apart from this, McKinsey Global Institute estimates that by 2025, IoT will have a total economic impact of $11 trillion. Thus, it will be beneficial for young entrepreneurs or software engineers to opt for IoT training beforehand.

Here are the key ways how IoT will improve a start-up’s business.

 

  • Productivity and efficiency 

 

When a business for a start-up kicks off well, companies often look to increase scalability and productivity. Thus, using IoT correctly will help develop an efficient system to increase the revenue of a business. Using different techniques can cut off human effort considerably, reducing chances of human errors to increase productivity and revenue. 

 

  • Cutting extra costs and reducing downtime 

 

In the near future, with a challenge to deliver a product or provide services faster, start-ups will need to know the use of IoT. Thus, enrolling in an IoT Software Engineering course might be beneficial. Additionally, introducing IoT will help reduce downtime and will provide faster results. 

 

  • Fast business insights and access customer experience

 

Good customer service helps in developing the trust of a start-up. Hence, new ventures need to monitor their business frequently to locate any miscommunication or disparity. IoT can assist in locating problems fast to enhance the customer experience. Thus, students willing to become IoT software engineers must monitor this problem to provide a better customer experience. 

 

  • Monitoring patients better

 

Entrepreneurs looking to make a mark in the medical area are advised to get IoT training as this is important in monitoring patients. The IoT for the health care system is responsible for monitoring thousands of patients, thus improving human lives. IoT for the healthcare system is used by two primary means –

 

  • Health Data Analysis

 

Health devices produce massive amounts of data and store them in the cloud for research purposes and future use. In this case, IoT becomes a handy information source and can also correct incorrect data. 

 

  • Remote monitoring  of patients 

 

Medical devices can monitor patients’ health and warn them in case of any irregularities from miles away. This type of medical device uses the Internet of Medical Things (IoMT) technology and can recognize symptoms to provide a cure without the need of a doctor. 

 

  • Recognizing business patterns for future development

 

Start-ups can use IoT for monitoring devices across businesses for its assessment. Also, understanding customer behaviors is essential for business development. Customer interaction with a particular product or service can help improve business by taking necessary reviews and altering those accordingly. Here, IoT can assist start-ups in reaching more customers in a short time, thus improving the business. Hence, individuals looking to improve their business can enroll in an IoT Software Engineering course to become IoT software engineers to improve the business.

So, IoT training can be beneficial for entrepreneurs to run or improve a business in 2022, as this technology will have considerable implications to increase efficiency and productivity. Additionally, the use of IoT in enhanced customer service and business expansion is worth mentioning. 

Best practices to set up safety stock targets in supply chain management and analytics

Posted on by Imarticus Learning

In the modern era, technology has been an indispensable part of our lives. And the fact remains constant for various industries including the field of supply chain management. With cloud computing, big data, and other forms of advanced analytics, businesses are becoming more efficient than before with their supply chains. But what exactly does this mean? 

Supply chain management is a management process that focuses on the smooth flow of information, materials, and services to meet customer demand. It is a complex process that requires the coordination of many different players, from suppliers to distributors and customers.

Now that we’ve discussed supply chain management, it’s time to learn about safety stock. Safety stocks are a component of supply chain management aimed at preventing stockouts. 

The term “stockout” refers to a situation in which a firm has run out of inventory, leaving clients without a product or service. This can be quite harmful to businesses because it could result in lost revenue and customer satisfaction. Therefore, it is clear that Safety stock targets are one of the most important aspects of supply chain management.

Essential elements of setting up safety stock goals in supply chain management and analytics:

  1. Using advanced analytics can help ensure that your company will never run out of inventory and prevent the loss in revenue that comes with a stockout. Analytics can also help you to avoid overstock, which occurs when a company has more inventory than they need. Apart from this, Advanced analytics can help you to determine the optimal amount of inventory that should be kept in a warehouse.

  2. In order to ensure your business is using safety stocks effectively, it’s important that all stakeholders work together from the beginning stages of an operation plan. This will allow companies to make decisions based on accurate data and demand forecasts for their products.

  3. It is also important to take into consideration the various planning horizons when setting up safety stock targets. For example, if your plan has a long-term horizon (more than one year), you will want to make sure that the inventory accounts for fluctuations in demand over time, however, if your supply chain management strategy focuses on short-term goals. You might want to have a more streamlined strategy that focuses primarily on current demand.

  4. You may also enroll in a supply chain management course to learn more about the subject and how it might assist your organization to operate successfully.

Explore SCM with Imarticus Learning:

Imarticus learning offers you a Supply chain management course with analytics that will provide you with the skills and knowledge to understand supply chain planning, management, and optimization. You will get to learn about the modern supply chain management concepts and how to apply them in your specific business environment.

This course contains numerous case studies which will help you understand exactly how these issues are handled by professionals working in Supply Chain Management across various industry sectors. Also, this course will take your Supply chain management career to the next level. 

Course USP’s:

  • Real SCM projects and case studies.
  • Industry expert faculty will help you apply SCM concepts in your organization.
  • Exclusive Videos and Podcasts by industry leaders to take your career ahead.
  • Offers you a certification from one of the most renowned supply chain management training institutes.

Understanding securitization from scratch

Posted on by Imarticus Learning

Securitization is a complex topic that can be intimidating for those who are new to it. We’ll walk through the different types of securities and how they work together to create one entity (i.e., a pool) that holds all these pieces together under one umbrella. For a more in-depth explanation of this post, read on here.

What is security?

The first thing to understand about securitization is the concept of “security.” A security is any contract or instrument that represents financial value. Securities can get divided into several types of categories: debt, equity, and derivatives. Debt instruments are the most common types of securities that we’ll discuss in this article.

Debt

A debt instrument is a contract between two parties. The first party (the borrower) agrees to engage in some financial transaction with the second party (the lender). In return for engaging in the transaction, the borrower pays back a sum of money to the lender. The borrower’s promise of payment is a debt instrument because it represents a financial obligation to the lender.

Types of Debt Instruments:

  1. Loans: Loans are one of the most common types of debt instruments. When an individual or business takes out a loan, they are borrowing money from a lender. The person or company agrees to repay the loan amount, plus interest, by a specific date.
  2. Debentures: A debenture is a debt instrument that represents ownership in a corporation. A debenture issuer (the borrower) borrows money from an investor (the lender). In return for the money, debenture holders (the debenture holders) receive a contract representing their ownership in the issuer.
  3. Bonds: Bonds are debentures that an organization has issued (i.e., a corporation or government) instead of by an individual or business.
  4. Preferred Stock: This type of security represents ownership in a corporation and does not include any obligation for dividend payments, unlike common stock.
  5. Mortgages: When you take out a mortgage, you borrow money from a bank to purchase a house. In return for the loan, you agree to repay the bank. 

Types of Equity Securities

  1. Common Stock: This security represents ownership in a corporation and includes the right to vote on major company decisions.
  2. Preferred Stock: It is similar to common stock. However, preferred stock includes the right to receive dividend payments, in addition to voting rights.
  3. Warrants: It is a security that gives the holder the right, not the obligation, to purchase another security (like common stock or preferred stock) at a pre-determined price.
  4. Stock Options: It is a contract between two parties where one party has the right to buy another security at a pre-determined price.
  5. Convertibles: Convertible security, the holder has the right to convert the contract into another type of security, usually common stock in another company.

Explore and Learn with Imarticus Learning

This one-of-a-kind FinTech MBA program combines hands-on instruction with cutting-edge technologies like APIs, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data to cover every key area of FinTech. The interactive FinTech certification in India allows students to apply what they have learned to real-world business challenges and circumstances.

Some course USP:

  • These financial technology courses aid the students in learning job-relevant skills.
  • Impress employers & showcase skills with fintech certification programs endorsed by India’s most prestigious academic collaborations.
  • World-Class Academic Professors to learn from through live online sessions and discussions.

 Contact us through the chat support system or visit Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, and Gurgaon training centers.

Efficient digital marketing strategies for your startup

Posted on by Imarticus Learning

Digital marketing is a critical part of any startup’s strategy, and the sooner you take advantage of it, the better. In this post, we’ll explore some methods for digital marketing that are both inexpensive and effective. The primary step to being successful in digital marketing is understanding your audience.

It means knowing what they want, where they live, how old they are, and more. With proper research on your specific target market, you can create content that will resonate with them using keywords relevant to their interests or location.

What is a digital marketing strategy?

Here is a simple definition. Digital marketing, as the name suggests, deals with digital mediums to promote and sell products or services online. The idea of digital marketing has been around for many years. Still, it’s become increasingly popular in recent times due to its ability to connect businesses with their customers in more appropriate ways than ever before.

Importance of Digital Marketing Strategy:

  1. Increases Brand Visibility

In today’s world, everything is online. A digital marketing scheme allows your business to be visible on various platforms such as Google or Facebook for a specific target audience.

  1. Increases Brand Awareness

With the help of these strategies, businesses can create brand awareness and gain more popularity among their target audience.

  1. Increases Sales

After increasing brand awareness, businesses can now generate leads and build relationships with their target audience. With the help of digital marketing strategies, brands can create more sales than ever before.

Efficient Digital Marketing Strategies for Startups:

Here are a few digital marketing strategies that can help you grow your startup company.

Build a quality website –

  • A good website is the basis of your business and needs to be well designed, easy to navigate, and contain plenty of relevant content for users.
  • It will make it easier for Google bots to crawl through, too, which means more organic traffic.

Utilize social media –

  • Social media is an excellent means to build your brand awareness and connect with potential customers.
  • Creating a business page and regularly engaging with your customers can improve customer satisfaction, generate leads, and increase sales.

Take part in online communities –

  • Connecting online communities is a great way to build your brand and connect with potential customers.
  • By responding quickly, you can resolve any issues before they become significant problems too, which is good for business reputation.

Advertise online –

  • Advertising online is another excellent way to drive traffic to your website, generate leads and increase sales.
  • You can use many different advertising mediums, including PPC, social media ads, and affiliate marketing.

Optimize your website for mobile –

  • The need to have a responsive design is becoming more important as Google emphasizes user experience too.
  • It means that if your site isn’t designed correctly or doesn’t show up well on a mobile device, your rankings will suffer.

Explore and Learn Digital Marketing with Imarticus Learning

 Students can get a highly polished 120-hour curriculum, practical projects, and in-depth study with Digitas as the industry partner and advice from an elite panel of industry professionals making our program the best Digital Marketing course online.

best digital marketing courses in India

Some course USP:

  • This best digital marketing course to aid the students in learning job-relevant skills. 
  • Impress employers & showcase skills with digital marketing training recognized by India’s prestigious academic collaborations. 
  • World-Class Academic Professors to learn from live online sessions and discussions.