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Day: April 1, 2022

How do artificial intelligence and machine learning courses enable the economics of abundance?

Posted on by Imarticus Learning

In this current world, the global economy is in a problematic situation. Jobs for skilled workers have become stagnant and economic inequality is increasing. Besides, the planet is also in a vulnerable position now. Thus, as a critique of our current economic system, the idea of ‘economics of abundance’ has risen to prominence. This rejects the idea of living with scarcity-generating institutions that provide high value when kept on hold.  

Artificial intelligence (AI) is the solution for current economic change to bring in an economy of abundance. This economy is built to make the world sustainable, bringing in social equality and the freedom of self-expression. So, to be a part of this economic change, it is essential to understand artificial intelligence and machine learning in-depth. Furthermore, this change can bring in myriad job opportunities that will allow individuals to sustain themselves freely.

Importance of AI and ML in Economics of Abundance 

Millennials are growing in the generation of scarcity, where the economy is different. The modern age of youth understands that access is more important than ownership. Further, being more sustainable in this world means minimizing waste and providing emphasis on decentralization. Nevertheless, the below-mentioned pointers are some of the effects of artificial intelligence in enabling an economy of abundance. 

 

  • Cooperative Business

 

Today, the sharing of profits between coordinators and providers of goods and services is unbalanced. Hence, artificial intelligence can be implemented to create coordination and planning that provides more value to organizations and consumers. 

 

  • Health Infrastructure 

 

AI leads to affordable health care with early diagnostic facilities. Early detection of life-threatening diseases can provide ample time against emergencies. Apart from it, the shift from manual operation to AI control operations is preventive and proactive. More importantly, the healthcare system will become more affordable, thus making it accessible for all communities. Hence, to shift this paradigm, it is essential to learn machine learning and artificial intelligence.

best artificial intelligence courses by E&ICT Academy, IIT Guwahati

 

  • Open Learning 

 

The right to education can be significantly accomplished with the help of AI. Notably, AI can ease the individual education requirement at its own pace and assessment. Also, as the pandemic has triggered online education, this shift in dimension has a varied impact on tech-enabled learning. This helps students get massive access to academic materials by lowering the cost of education. 

 

  • Livable Cities 

 

AI-driven motilities have a significant impact on how cities are designed. Now, citizens are focusing on smart communication rather than mobility. This provides room for the diversity of citizens and richness within a culture. In the near future, the world will witness more and more smart cities with an emphasis on smart AI motilities. 

For example, London has around 20,000 ghost homes despite a growing number of homeless people and the cost of house rent. There is an apparent problem when houses are kept for wealth rather than shelter. Hence, AI can solve this problem and provide more shelters to homeless people.  

 

  • Energy 

 

The older generation has seen an abundant supply of energy resources such as coal and petroleum. But, as these are exploited unreasonably, they are on the brink of drying up. Hence, modern-day individuals are more interested in renewable energy that can provide sustainable energy for all. Thus, AI can efficiently supply and distribute power to all individuals in this scenario.  

Hence, knowing deep learning artificial intelligence can provide a chance to create a better and more sustainable world for upcoming generations. The idea of ‘economics of abundance’ has shifted the economic mindset completely of millennials. Also, artificial intelligence can create a world where everyone gets an equal opportunity in learning, earning, and food. However, arriving in this new dimension of the world is unlikely if we are not going to kick out the economy of scarcity. 

2022: The year of IIT Supply Chain Management courses

Posted on by Imarticus Learning

If you’re an aspiring business professional, you know that supply chain management is a required field to study. And if you’re   in this field, look no further than IIT! Starting in 2022, IIT will be offering a Supply Chain Management specialization.

This new specialization will cover all aspects of supply chain management, from procurement to distribution. If you’re interested in making your mark in the business world, don’t miss out on this opportunity!

It’s no secret that the supply chain management field is increasing. It can grow by 21% in the next decade. And with the rise of e-commerce and global trade, there’s a growing demand for skilled supply chain managers.

And it’s not just traditional colleges and universities that offer these courses. More and more online schools are offering them as well. So if you’re looking to get into supply chain management, there are more options than ever before.

An overview of Supply Chain Management (SCM) programs at IITs

The Indian Institutes of Technology (IITs) are India’s premier engineering and technology schools. The IITs offer undergraduate, graduate, and doctoral programs in various engineering and scientific disciplines. Recently, the IITs have been increasingly offering Supply Chain Management (SCM) programs at undergraduate and graduate levels. 

The demand for SCM courses has been growing in India due to the country’s increasing economic importance in the global supply chain. In addition, Indian companies are starting to realize the importance of efficient supply chain management to remain competitive. As a result, many IITs have started offering SCM courses, and the number of students enrolling in these programs is increasing.

Future of Supply chain Management

But what does this mean for the future of supply chain management? Well, it’s hard to say for sure. But one thing is sure: the demand for skilled supply chain managers will only grow in the years.

As businesses become more globalized, the need for efficient supply chain management will only increase. There will be a massive demand for qualified supply chain managers who can help organizations streamline their operations and optimize their networks.

In response to this demand, we expect to see a proliferation of supply chain management courses in the coming years. These courses will provide students with the skills and knowledge to succeed in this rapidly growing field.

Enroll in one of these courses and start your journey towards a successful career in this exciting and rapidly growing field.

Explore Certificate Course in Supply Chain Management with Imarticus Learning

A supply chain management online course is ideal for professionals interested in enrolling in operations or supply chain analytics courses. This online supply chain management training will educate students for positions including Demand Planner, Data Scientist, and Supply Planner.

Course Benefits For Learners:

  • We immerse students in contemporary technologies and initiatives, such as six real-world projects that will provide them with a comprehensive understanding of the industry to prepare them for a successful future in Supply Chain Management and Analytics. 
  • Students who complete supply chain management training online will prepare for sought-after occupations such as Demand Planner or Data Scientist, which are in high demand among businesses today! 
  • Students will learn how to analyze and utilize data in a supply chain management career, allowing them to be more data-centric and improve Supply Chain decision-making by using Python.

What’s the “secret sauce” for successful credit analyst training?

Posted on by Imarticus Learning

There is no one-size-fits-all answer to this question, as the secret sauce for successful credit analyst training will vary depending on the organization. However, some key ingredients are essential for any organization looking to develop a world-class credit analyst team. This post will discuss the most critical factors to consider when creating or enhancing your credit analyst training program! 

A credit analyst training program teaches individuals how to become influential credit analysts. The program should provide participants with the skills and knowledge necessary to perform credit analysis and understand the organization’s credit policy.

Here are some of the critical components of a successful credit analyst training program:

#01. Understanding the Organization’s Credit Policy

The first and most important step in credit analyst training is understanding the organization’s credit policy. This policy will serve as the foundation for all credit decisions made by analysts working for the organization. Without a thorough understanding of the policy, it will be difficult for analysts to make sound decisions aligned with its objective and goals.

Organizations should make sure that their credit policy is clear and concise, and easily accessible to all members of the credit analyst team. You should review the policy regularly to ensure that it remains up-to-date and relevant.

#02. Learning How to Perform a Credit Analysis

Once analysts have a solid understanding of the organization’s credit policy, they can begin to learn how to perform a credit analysis. This process will depend on the type of organization, but they should follow some critical steps in all cases.

#03. Understanding the Risks Associated with Lending

An essential part of credit analyst training is understanding the risks associated with lending. It includes understanding the different types of risk (e.g., credit, interest rates, liquidity, etc.) and how they can impact a loan portfolio. 

Analysts should also be aware of the different methods that they can use to mitigate these risks. For example, analysts may use stress testing to assess the potential impact of adverse scenarios on a loan portfolio.

#04. Developing Strong Communication Skills

Credit analysts must communicate effectively with both internal and external stakeholders. It includes clearly explaining credit decisions and presenting complex information simplified.

Strong communication skills are essential for maintaining relationships with borrowers, lenders, and other parties involved in the credit process. Analysts who cannot communicate effectively may find it challenging to build trust and rapport with these parties.

Credit analyst training should include some communication skills development components. It could take the form of workshops, group discussions, or individualized coaching.

These are just a few key components that should get included in a credit analyst training program by ensuring that these elements can develop a world-class team of credit analysts who get equipped to make sound decisions and manage risk effectively.

Discover Credit Management Courses online with Imarticus Learning

The only credit risk analyst certification available worldwide teach students about the lending climate, credit underwriting, legal and regulatory requirements, and the influence of modern technologies.

Course Benefits for Learners

  • The industry-focused practical curriculum adheres to globally accepted standards and includes recent global trends and best practices.

  • The learning technique consists of 145 hours of live lectures, five case studies, and social learning.

  • After finishing this credit risk modeling certification, students will get awarded an industry-recognized Certificate of Excellence in credit risk and underwriting.