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Day: February 19, 2022

What is the Scope of Investment Banking in the Future?

Posted on by Imarticus Learning

The scope of investment banking is remarkable. But, due to recent economic shifts, the investment banking industry has faced significant challenges. Following the Covid 19 crisis, banks experienced critical changes in financial regulations and client expectations. They have also witnessed a change in working models, technological advancements, and market democratisation. 

More than 30% of private and public sector banks in the economy today have a horde of NPAs (non-performing assets). This also run into quite a loss of a few thousand crores. With such significant changes, it is crucial to look at the future scope and trends of investment banking.

Trends in investment banking

Let’s look at the trends in investment banking in 2022.

The consumer is the king

Banks have realised that putting customers first can reap significant benefits. Customer satisfaction is essential to their success. As a result, banks are experimenting with new methods and tools to respond to customer inquiries. In addition, they are focusing on resolving customer complaints fast and increasing customer satisfaction. Basically, they are treating their consumers as kings.

Investing in Big Data

Banks are using master data management and data lakes to use their massive amounts of data. Furthermore, they are investing in big data and hiring a workforce that is well-versed in technology and skills. Banks believe that data becomes a valuable mining resource for discovering client insights. It is also helpful in developing new market strategies and launching new products when modern data analysis tools are used.

Using Artificial Intelligence and Machine Learning

Banks are increasingly relying on the power of artificial intelligence to predict data, launch new products, and close deals more quickly. AI accelerates data processing, automates essential but critical processes, forecasts real-time trends, and so on. That’s why banks are allocating budgets to use artificial intelligence and machine learning.

Using Marketing Strategies

Firms and banks are focusing on marketing their new and existing products. With the most recent marketing tools and strategies, they can cover their losses incurred during the pandemic and increase overall profit. In addition, they are using the most recent marketing software and CRM to increase customer satisfaction and popularity.

Scope of investment banking in future

Banking will look very different in the future. As a result, banks must prepare to face changing consumer expectations, emerging technologies, and new business models. That is why the banks need to start putting strategies in place now to help them prepare for banking in the future. 

After analysis of the current scenario, it is certain that the field of investment banking has a great scope in the future. But the prerequisite for the same is a lot of rules and regulations. Their implementation and follow are much required.

Safeguard Banks

It is crucial mainly that the big guns of the industry can strengthen the foundation of the banks well enough to prevent them from being affected by anything in the future.

The President and CEO of the Federal Reserve Bank in America brought the world’s attention to the fact that it was essential to ensure that none of the banks ever get big enough to fail. But as we can see, especially in our present economic conditions, many banks in India are so big that if they ever forget, there would be grave economic chaos.

Strategies to prevent bankruptcy

There is a general consensus in the global economy that banks are required to be put under scrutiny much more often than they are present. As a result, the governments have begun to brainstorm various schemes and initiatives which would prevent the banks from actually going bankrupt.

Strengthening Banks

The Financial Regulation Depositors Insurance Bill is one such bill that has been passed in the form of a radical change to strengthen banks well enough to not face any damage due to an impending economic slowdown.

While some are trying their best to bring in and develop various mechanisms for developing and strengthening banks, some feel the need for the economy to do away with investment banks altogether. These people justify their statements by saying that such banks only exist for a few people’s benefit and not for the whole society.

Conclusion

But the economy is growing in proportion to the growth of the population worldwide. In such a scenario, it is essential for investment banks to evolve enough to serve the economy and society. Therefore, while there is immense scope for the investment banking sector in the future. Professionally trained and skilled individuals are in demand in investment banking.

Also Read: Career and Scope of Investment Banking In India

AI, Data Science, Machine Learning Terms You Need to Know in 2022!

Posted on by Imarticus Learning

In the present paradigm of technical knowledge, it is imperative to be aware of certain concepts to survive and thrive. Whether you are pursuing a career in artificial intelligence (AI), have a cursory interest in data analytics, or simply wish to broaden your horizons, here are some artificial intelligence, data science, and machine learning terms you need to know in 2021. Read on…

  1.     Natural language processing: 

Both humans and computational devices use their own modes of language to communicate and share ideas to the extent of imparting and debating on the information. The languages, however, are different in their basic forms and formats. Using natural language processing, or NLP, artificial intelligence can decipher many human languages to suit specific functions that may range from the academic study of linguistics to providing utility to hearing-impaired people.

  1.   Data warehouse: 

A data warehouse, as the name suggests, contains a large ensemble of data pertaining to businesses and learnings from past successes and failures to provide better services. One who is not entirely proficient in data architecture may yet take the advantage of data warehouses to gather business analytics courses and make far better decisions. This method allows one to find new ways to process old data and change future iterations of that data with his/her actions. 

Career In Data Analytics   Data journalism: 

This is a mode of journalism that is slowly gaining greater prominence and is proving its necessity in combating the ever-growing trend of fake news. In this form of news reporting, one focuses on proving his/her assertions through the collection and presentation of reliable data. This may be done through human and/or AI collection and calculations. Soon, we may be able to have a collated base of data obtained through AI learning. This will make it very hard for individuals and/or groups to spread misinformation.

  1.   Deep learning:

This uses artificial intelligence to construct structures that mimic the human neural network – starting from simple problems to finding layers of hidden information. Meanwhile, it makes errors and learns from them with the program often ending up with a different solution than what was expected by its programmers and set parameters. Using this process, we can identify and solve possibly any real-world problem. The degree of human supervision in this process can be ascertained at various levels of this process.

  1.   Cybersecurity: 

Both defenders and attackers of databases are getting smarter, escalating the never-ending battles between cybersecurity and hackers. Often, the strategies used by either group are similar to the point of being indistinguishable. Here, any large organization employs AI and/or deep learning to be one step ahead of the threats that plague them.

The above-mentioned terms are only the tip of the iceberg when it comes to talking about new technology-related topics. Hopefully, they have provided you with new avenues to look into as per your interests, or at least recapitulated some of the basic terminologies.

8 principles of blockchain development every software engineer must know

Posted on by Imarticus Learning

The blockchain industry is booming these days. With new developments and designs evolving every day, the market is on an upward rise for some time. Although every company or engineer deals with the developments and designs on their methods, there are a few basic principles everyone has to follow. This is why people looking into a career in blockchain development should check out software engineering certification courses to upgrade their skills. 

There are a lot of institutes in India that provide courses with the best certifications for software engineers. Imarticus Learning, with its online software development course, ranks at one of the top positions in the list. Here, we are going to discuss the 8 principles of blockchain development that software engineers must be aware of. Take a look at the whole article to learn more.

Open-source solutions of innovative ideas

One of the first things you need to do is to look for open-source contributors. This way you can benefit from a diverse community and the highest quality of code. You will also get the benefit of being in an open governance model which incidentally works under other free licensing models. 

Private blockchain system to establish enterprise privacy

Although public blockchains do have their beneficial features, they are not fit for enterprises. Here, you need to maintain the core principles of an enterprise. As public blockchains do not come with any regulatory body, the privacy concerns of enterprises might be impacted. With a private blockchain system, you can address privacy needs and maintain a regulatory body. 

Transparent regulatory system

You need to make the regulatory system as transparent as possible. To make sure that no concentration point is established, you can select a few points of anchors to validate transactions running nodes. Make sure you choose the right funding method for your governance model.

Common or popular standards for designs

As blockchain is mostly a non-regulated system that is still developing, there are no stable standards to go to. However, in the future, there will surely be a collective network model. As such, different technologies will benefit from interacting with each other. For that, it will be in your best interest to build a system based on the common or popular standards that helps maintain this interoperability. 

Prioritize security

Security is the main reason why companies are turning to the blockchain system these days. As such, this should be your main concern. A distributed governance system and user awareness work best in these cases. 

Provide them with enough exposure

As the blockchain system is still relatively new in the enterprise market, a lot of people lack enough knowledge about it. The first thing you need to consider while building a system for your clients is to educate them about it. It will not only make them feel included but will also be a great marketing strategy for you.

Be consistent

User experience is the key point in your reputation in the market. For this, you will have to make sure to be consistent with your output and roll out systems that are always high quality. It will maintain security and customer satisfaction and so, bring about new customers.

Communicate with the clients

As we mentioned before, customer satisfaction is the key aspect of any business. For that, you have to be sure to keep listening to your client’s needs and demands to design it in a way that can at once be ready for a wide range of customers. Keep them updated with each stage of development and take constant feedback for a better output.

Conclusion

Software engineering certification courses will be a great help to move your career forward in the direction you want. Check out Imarticus Learning’s software engineering certification course and give your career the boost it needs.

How to succeed in your supply chain management and analytics job search

Posted on by Imarticus Learning

Introduction

The field of supply chain management is exploding. Several new technologies are coming into the space, making it a very lucrative industry. From e-commerce companies to manufacturing companies, all of them use supply chain planning and management. If you want to make a successful career in supply chain management, you can take a supply chain management course with analytics and make yourself ready for the industry. 

There are hundreds of opportunities in the supply chain management area. You can either become a supply chain analyst or a manager in the area based on your experience. Let’s check out how you can make a career in supply chain management.

Making a Career in Supply Chain Management

If you are willing to succeed in supply chain management, you will have to brace yourself for an incredibly high-paced environment. You’ll have to figure out how to save money on inventory and shipping. However, you must prioritize customer service in everything you do. You’ll also have to deal with rising manufacturing costs and monitor the entire process. To summarise, to get the supply management career of your dreams, you’ll need a diverse set of talents.

Understand the career paths

The tasks of supply chain management are numerous. It all depends on the particular career route you choose. You must take some time and do your study to find a course that you can stick with. You can go for a supply chain analytics course training to make yourself aware of the job.

You can also work as a supply chain analyst, which entails tracking and analyzing a portion of the supply chain. You’ll also need to concentrate on process streamlining and ongoing improvement. Working as a buying manager, you’d be in charge of supplier interactions and contract negotiations. You could also work as a Demand Planner, Supply Planner, Transportation Analyst, or Inventory Specialist.

Highlight your skills on your resume

You’ll need to demonstrate softer qualities in addition to your great data analysis and financial prowess. Update your resume to reflect a commitment to effective communication. Include anything that has to do with relationship management and bargaining.

You should also demonstrate that you pay close attention to details. This is crucial because you’ll almost certainly have to undertake site audits. You can also compare and contrast various modes of transportation. To kickstart your supply chain management career, you may need to develop some of these talents. Look through internet job postings and recruitment websites to learn more about these changes.

Compensate for your lack of experience

It will be challenging to transition directly from a logistics course or a profession in a related field to supply chain management. Still, there are methods to compensate for the lack of experience. Internships are one way to get into a supply chain management field that requires prior experience, but they’re generally out of reach for experienced professionals wishing to change careers.

Training and certificate courses, which involve a minimal time commitment and provide a résumé, are an alternate kind of education offered.

Conclusion

We at Imarticus are known for our supply chain management courses. Several SCM courses will help you crack the industry code and then perform well in the industry. We also offer a Professional Certification in Supply Chain Management and Analytics by IIT Roorkee.

This course highlights everything that is there to know about supply chain management, and it also covers the application of analytics in the course. You can take up this course if you are interested in having a career in supply chain management. You will also get a certificate on the completion of the course, which you can showcase in front of the recruiters. It’s time to enroll in the course!