Contact Us
×

Day: May 9, 2023

Busting the Common Myths Around Cloud Computing

Posted on by Imarticus Learning

Cloud computing is not an emergent concept, unlike what common perception might lead us to believe. It has been in existence for over two decades now. More and more corporate enterprises and IT companies are adopting cloud computing to store data. According to Gartner’s prediction, enterprise IT spending will reach 51% by 2025. 

Although current statistics show 60% of corporate data to be stored in the cloud, several myths and misconceptions surrounding cloud computing restrict its widespread adoption across industries. 

Read this article to learn some common myths about cloud computing and the realities around them. 

What is cloud computing? 

Cloud computing uses remote servers over the internet to store, access, process and manage vital data more than that on local drives. Cloud computing data can consist of anything from images and videos to different documents and files. 

Since the cloud is not a limited database, developers and IT professionals are inclined to store data over the cloud to ensure maximum safety. 

The different types of cloud services used in daily life include: 

  • Email services 
  • Storage backup and data retrieval
  • Testing and creating web applications 
  • Data analysis 
  • Streaming
  • Software delivery on-demand

5 common myths around cloud computing 

Myths arise when technology is feasible and seamless, like cloud computing. Here are some common myths around cloud computing that have been making enterprises think twice before incorporating it into their business. 

Myth #1: Cloud computing lacks security 

One of the biggest and primal myths of cloud computing is that it’s not a very safe infrastructure. This is because the cloud environment is constantly subjected to development, and security measures are changing accordingly. Even though earlier cloud security was fragile, it is now very robust and advanced. 

Although cloud security issues persist, cloud computing data security protocols have progressed immensely and are on the road to betterment. 

Myth #2: Cloud computing is expensive 

This is an age-old myth revolving around cloud computing. On the contrary, cloud computing is much more feasible and cheaper for operations providing immense cost benefits and reducing overall expenses. 

More than 88% of cloud users have now realised that cloud computing is cost-effective. It also helps substantially maintain its environment for building and maintaining its IT system. 

Myth #3: Cloud computing is similar to SaaS 

Even though both have similar features in certain ways, cloud computing and SaaS are not the same. SaaS, or Software as a Service, is a model that delivers applications and models hosted centrally. On the other hand, cloud computing defines storage over remote servers managing, storing and processing data instead of using site servers and equipment. 

SaaS is a part of cloud computing which needs a paid subscription to access a pre-developed, cloud-based software. SaaS is not a versatile model. Another difference is that cloud computing offers total control over its management, which SaaS lacks. 

Myth #4: Cloud computing is a temporary phenomenon 

Cloud computing has now become more and more rooted in the current scenario. This is prevalent professionally and plays a major role in private practices. 

With the rapid cloud market development, more and more businesses are inclined to shift to a cloud-based environment. The cloud environment has numerous benefits like scalability, cost-effectiveness and other important aspects. 

Myth #5: Cloud computing will not replace traditional data centres

By the end of this decade, Cisco has predicted that 92% of the workloads would be based solely on cloud data centres. With the rapid development of cloud computing, traditional data centres would gradually cease to exist. 

However, the cloud might not completely let go of traditional data centres. According to Cisco’s analysis, the traditional data centres have a workload density of 3.5 which was only 2.2 in 2015. Hence, cloud servers would still have to run on different crucial applications like Solaris, Linux and Oracle DB. 

Key takeaways from the myths 

The above myths might not be true about cloud computing, but some aspects still make enterprises apprehensive about adopting cloud services. Here are some key findings from these myths. 

  • Since cloud computing is ever-evolving, security is enhanced and provides various levels of protection like data encryption, prevention and detection of intrusion, etc. 
  • The cloud computing system is extremely cost-effective and can operate better than a traditional environment. 
  • SaaS is not synonymous with cloud computing but is a sub-part and a variation of cloud computing. 
  • Cloud computing techniques are versatile and can be used for personal and commercial uses. 
  • Cloud computing is here to stay. However, it might not completely replace traditional data centres, which need to run various operating systems and key applications. 

Conclusion

Even though cloud computing is now widespread, it is still a new concept. However, it has its own drawbacks. 

If you want to do a course on cloud computing and digital transformation & RPA, check out Imarticus Learning’s Professional Certificate in Fintech. This SP Jain Fintech certification would help you understand different concepts of cloud computing, along with the evolving concepts of the amalgamation of finance and technology. 

For more details, check out the website right away! 

The Biggest Cloud Security Challenges in 2023

Posted on by Imarticus Learning

Organisations once kept all their resources and data as hard copies. However, with technological advancement, they converted these into soft ones. Today, data is stored mainly in the cloud for ease of access. This is where cloud security comes in.

With the innumerable benefits cloud storage has ushered, it has also brought in cyber attackers. And thus, cloud-based security came into being. Its sole objective is to protect the data and resources of an organisation. 

This blog will discuss the biggest challenges to cloud security in 2023.

What is cloud security?

Cloud security is a part of cybersecurity that protects various cloud computing systems. It comprises technologies, protocols and methods to secure multiple applications running in the cloud and protect data held in the cloud. 

Cloud-based security is a shared responsibility between the cloud service provider and the consumer. The service provider protects the infrastructure. The security responsibilities like managing users and protecting cloud-based data assets befall the consumer.

Cloud security includes:

  • Controlling access
  • Various strategies and policies related to security
  • Security measures for the cloud applications and datacentre
  • Detecting and preventing threats
  • Security measures for user and network
  • Regulatory compliance and many others

What are the benefits of cloud security?

There are several benefits that cloud security provides. 

  • 24-hour monitoring

Most cloud-based security solutions provide 24-hour monitoring of assets. It enables organisations to assess various risks and their possible impacts on the business. It delivers threat management that is both proactive as well as responsive.

  • Availability

Cloud-based security solutions usually ensure that the resources and applications are available round-the-clock. They work with a network of servers to handle traffic surges, accelerate application performances and minimise access.

  • Effectivity

A cloud security solution is very effective against DDoS attacks or distributed denial of services attacks, which are increasing in number and magnitude. It helps to identify, analyse and mitigate DDoS attacks.

  • Data security

Protecting data from its creation to its destruction comes under the purview of cloud security. These systems use layers of encryption, multifactor authentication and strong passwords to protect critical data. In addition, certain policies minimise access.

  • Regulatory compliance

The robust cloud-based security solutions follow regulatory standards and compliances. It protects privacy as well as fortifies data security for businesses.

What are the upcoming challenges that cloud security will face in 2023?

Although cloud security has a lot of benefits, it comes with a few challenges of its own. With the upgrade in technology, cyber-attackers too have come up with innovative attacking techniques and tools. The most probable vulnerabilities 2023 will bring forth to cloud security are as follows:

  • Data breaches

The biggest threat to cloud security is data breaches. A data breach can cause potential harm to the brand value of a company. Some organisations are not equipped with the appropriate resources to nullify a data breach. Consumers lose trust resulting in the organisation losing its ground.

  • Lack of expertise

The brands often defer from cloud-based security because they can’t trust their IT professionals to handle all the relevant regulations and strategies. 

With more people choosing ethical hacking and cybersecurity as a career nowadays, the dearth of experts in this field will soon see a solution.

  • Unauthorised access

Cloud-based security system for a company is off-premises and can be accessed directly from a public network. Although this system helps the employees and consumers, it also gives the cyber attackers an easy option to gain unauthorised access to the resources.

  • Violence of compliance

A cloud security system is based on various protocols and regulations. For the system to run appropriately, compliance is necessary. However, often, as a consequence of negligence or some other factor, compliance is overlooked or violated. 

  • Threats from inside

An insider threat is one of the biggest challenges a company can face while creating robust cloud-based security. A malicious insider with authorised access can target the system and often get away with them without being detected.

  • Insecure interface

Cloud-based security systems offer a plethora of programming interfaces for their customers. While these interfaces are designed with easy accessibility for the customer in mind, they often lack security features. The lack of features allows cyber attackers to exploit these interfaces and get access to customer data.

  • Abusing cloud service

Cloud services can be used not only for good but also for malicious activities. Phishing attacks, click fraud, crypto mining or hosted pirated content are most common among these. These can lead to significant financial loss for the customers. 

  • Data sharing

Cloud security makes data sharing an easy procedure with its link-based sharing system. But this link-based sharing system makes it almost impossible to control access to the shared data, which can then lead to data breaches.

Conclusion

If you are interested in cloud security, consider a career in cybersecurity. It is one of the most in-demand career paths with immense job potential in all sectors. You can land a lucrative job with the relevant skills.

Check out the IIT cybersecurity course Advanced certification programme in cybersecurity, brought to you by Imarticus. The course offers classes on core subjects, including information security and ethical hacking.

A Brief Introduction to Corporate Finance

Posted on by Imarticus Learning

Corporate finance is an important component of any business or organisation, regardless of size, industry, or location. It can be described as the process of managing financial resources to achieve the goals and objectives of the company, such as maximising shareholder value, maintaining financial stability, and ensuring long-term profitability. It is a subset of finance focused on corporates using funds, finding fund sources, capital structuring, investment decisions and accounting.

If you want to learn more about corporate finance, then this article is the right place to start.

What is corporate finance?

Corporate finance is the study of the financial decisions made by corporations or businesses. This entails analysing and managing a company’s financial resources to achieve the organisation’s goals.

The primary goal of corporate finance is to maximise shareholder value while ensuring the company’s financial stability. It is extremely vital because it can provide a framework for financial decision-making that considers risks and opportunities associated with various investments, projects, and financing options.

Corporate finance involves activities such as financial planning, capital budgeting, investment decisions, dividend policy, financing decisions, risk management, etc.

Why is corporate finance important for businesses?

Corporate finance assists businesses in making informed decisions about where to allocate their financial resources and how to manage financial risks effectively. Corporate finance is also important in attracting investors and obtaining financing for the company’s operations.

A well-managed financial system can help boost investor confidence and increase the company’s creditworthiness, making it easier to access capital markets and secure favourable financing terms.

Additionally, corporate finance is critical for strategic planning and growth. It helps businesses identify new investment opportunities, evaluate the financial viability of potential mergers and acquisitions, and develop a long-term financial plan aligned with the company’s strategic goals.

Essential components of corporate finance

Here are the essential components of corporate finance:

Financial planning and analysis: These financial activities are concerned with the creation of budgets, the analysis of financial statements, the forecasting of future cash flows, and the identification of potential risks and opportunities for the company.

Capital budgeting: It entails analysing investment opportunities and deciding which projects to fund based on expected returns and risks.

Investment Management: This type of management manages the company’s investment portfolio to maximise returns while minimising risks.

Dividend Policy: Dividend policy decides the amount and timing of dividend payments to shareholders.

Financing Decisions: This entails choosing the best mix of debt and equity financing to fund the company’s operations.

Risk Management: It is concerned with identifying and managing financial risks such as market, credit, and operational risks.

The direct benefits of corporate finance

Here are the direct benefits of corporate finance:

Improved Financial Performance: Effective corporate finance practices can assist businesses in more efficiently allocating financial resources, minimising financial risks, and increasing profitability. Companies can improve their financial performance and achieve their goals more effectively by optimising financial decision-making.

Improved Risk Management: Corporate finance practices can assist businesses in identifying and managing financial risks such as market risks, credit risks, and operational risks. Companies can reduce potential losses and improve financial stability by developing effective risk management strategies.

Efficient Capital Allocation: Good corporate finance practices can assist businesses in allocating capital more efficiently. Companies can make the most of their financial resources and improve their overall performance by identifying the best investment opportunities and optimising financing options.

Improved Cash Flow Management: Corporate finance practices can assist businesses in better managing their cash flow, ensuring they have enough liquidity to meet their obligations and pursue growth opportunities. It can help businesses avoid financial distress and maintain their competitive edge.

Increased Investor Confidence: Sound corporate finance practices can help build investor confidence by providing transparency and accountability in financial reporting. Companies can attract new investors and secure financing more quickly if they commit to effective financial management.

Improved Strategic Planning: Corporate finance practices can assist businesses in developing long-term financial plans that align with their strategic objectives. Companies can plan for growth and long-term success by identifying new investment opportunities, evaluating potential acquisitions, and optimising financing options.

Competitive Advantage: Companies can gain a competitive advantage in their industry by implementing best practices in corporate finance. They can outperform their competitors regarding financial performance, attracting investors, and making more informed financial decisions.

Conclusion

Corporate finance is critical for businesses to meet their financial goals, maintain financial stability, attract investors and financing, and plan for both short- and long-term growth. Businesses that lack effective corporate finance may struggle to make informed financial decisions, manage financial risks, and achieve their strategic goals.

A well-planned financial services programme can help you gain a thorough understanding of financial markets, instruments, and strategies, preparing you to excel in corporate finance. You will learn to analyse financial data, evaluate investment opportunities, and make sound financial decisions to propel your business forward.

If you are a working professional with more than two years of experience and you aim to have a career in financial services, then you can check out the Advanced Management Programme in Financial Services and Capital Markets by Imarticus.

CFO Strategies for Effective Communication

Posted on by Imarticus Learning

Effective communication is critical for any CFO to thrive in today’s corporate climate. The ability to effectively explain complicated financial information to a wide variety of stakeholders, including board members, investors, and other important decision-makers, is a requirement for the position of CFO.

chief financial officers course

 An all-inclusive CFO course trains prospective candidates in various communication techniques enabling them to convey financial information succinctly.

In this blog, we’ll explore strategies to help you improve your communication skills as a CFO.

10 effective CFO communication tactics

The strategies a CFO can use for efficient communication are as follows:

  • Develop a communication plan

The first step to good communication is identifying key stakeholders and considering their preferences and expectations. Determine the frequency and format of communication. Set clear objectives and goals for each communication. 

Create a communication schedule outlining when and how to communicate with each stakeholder. Regular evaluation of the plan’s effectiveness and adjustments made as needed will ensure that the plan meets stakeholders’ needs and effectively communicates financial information.

  • Using visualisation tools

Identifying the key message and simplifying data are important in choosing the right tool. Different types of charts and graphs, such as line charts, bar graphs, pie charts, and heat maps, can be used to represent the data. Notably, data visualisation tools help communicate the message in a comprehensible manner.

  • Storytelling format

The first step in employing storytelling techniques is to define the primary point you want to convey and use simple, lucid language. 

Additionally, you may make your thesis and financial data more accessible by using real-life examples. Adding visuals to your tale, such as photos or videos, helps strengthen it and make it more interesting. Practising narration beforehand guarantees that your tale flows naturally and is appropriately conveyed. 

CFOs may successfully share financial information with stakeholders in a way that connects with them and motivates action by employing storytelling tactics.

  • Listen actively

CFOs can employ active listening as a crucial ability to enhance communication with stakeholders. 

Pay attention to stakeholders and their message, demonstrate interest by asking questions, and offer feedback. Avoid interrupting a stakeholder and wait for him/her to complete speaking before answering. CFOs can also actively listen by empathising with stakeholders’ worries and summarising their message. 

Comprehend stakeholder issues, enhance communication, and foster an open and collaborative culture using active listening techniques.

  • Being accessible

Accessibility is an important factor for effective communication. It allows stakeholders to choose the most convenient method for them, and prompt responses to inquiries demonstrate commitment to addressing their concerns. 

Additionally, accessibility allows stakeholders to ask follow-up questions and seek clarification on financial information. 

By being accessible, CFOs can improve communication with stakeholders, foster trust, and promote transparency, leading to better decision-making and business outcomes.

  • Seek feedback

Seeking feedback is an essential strategy for CFOs to improve communication with stakeholders. It helps build trust and identify areas where CFOs can improve their communication strategy. It establishes a culture of openness and collaboration where stakeholders feel heard and valued. By seeking feedback, CFOs can continually improve their communication skills and ensure they are meeting the needs of their stakeholders.

  • Audience specific communication

For CFOs to effectively engage with various stakeholders, communication must be tailored to the audience. While more financially savvy stakeholders may benefit from technical and elaborate language and charts, non-financial stakeholders may benefit from straightforward, non-technical language and basic, easy-to-understand examples. This can increase comprehension, foster trust, and encourage wiser choices.

  • Being transparent

An essential component of CFO’s effective communication is transparency. Give simple and precise financial information, outline potential risks or uncertainties, and avoid misunderstandings or apprehension. 

Transparency helps CFOs establish themselves as reliable consultants and create enduring bonds.

  • Continual learning

As a CFO, better communication requires constant learning. It includes participating in seminars or training sessions, asking stakeholders for comments, and developing new technologies and solutions to improve communication. It enables them to be informed about current communication methods and trends, helping them to interact more successfully. 

Continuous learning also enables CFOs to develop soft skills like persuasion, active listening, and empathy. These abilities help CFOs connect with stakeholders more deeply. 

  • Embrace technology

Technology is a potent tool to improve communication. Utilise it to speak with stakeholders through online collaboration tools, video conferencing, and e-mails. Additionally, it helps automate common communication procedures, such as financial reporting and makes data visualisation easier. 

Conclusion

Applying the suggested tactics can enhance communication with stakeholders and lead to improved business outcomes. Effective communication is crucial for CFOs to thrive in their responsibilities.

Imarticus Learning’s Postgraduate Certificate program for CFOs is a comprehensive CFO course designed to provide in-depth knowledge and practical training in essential areas such as financial management, accounting, business strategy, and leadership. It is one of the best IIM Indore courses delivered by experienced industry practitioners and is available online, allowing students to learn at their own pace and convenience. 

Tableau Explained- A tool or software?

Posted on by Imarticus Learning

Introduction

Data is generated by people through the usage of various technologies. It ranges to more than 2.5 quintillion bytes every day. However, organisations cannot enjoy the data in its raw form. It needs to be organised to gather hidden patterns and meaningful data insights.

For such needs, companies use products from software companies such as Tableau. The products help in the optimisation of business processes through visualisations and data analysis. Let us start with understanding what is Tableau’s meaning.

Meaning of Tableau

Tableau is a software company that deals with providing visual analytics platforms. These platforms allow organisations to transform the way that they use data. They amplify the use of business intelligence through visuals. This enhances the use of the data available and allows companies to solve business problems.

The platform is in demand as it even enables non-technical users to design customized dashboards. The easily understandable data format created by Tableau is for professionals at any level in an organization. However, what is imperative to understand is whether it is a tool or software. Let’s dive into the details to know.

Tableau Software

Software is a program that is used to execute a specific task on computers. Similarly, Tableau as a software facilitates the visualisation of data. This allows data analysis to be quick with the help of data generated in the form of dashboards and worksheets. Tableau can be considered as software as it operates in virtualized environments. This environment requires proper underlying hardware and operating system.

Big Data Analytics Training Courses

Once the set-up is on, Tableau tools can be used to gather business intelligence. The software provides the benefits of data blending or combining data from multiple sources. It also provides the benefit of real-time analysis and collaboration of data. These data then provide actionable insights to the company. The visual data generated from Tableau software facilitates decision-making. This, in turn, drives the business forward.

Now let’s understand the Tableau tool.

Tableau tool

With Tableau software, the product suite or tools can be classified under two broad headings. These are:

  1. Developer Tools

Developer Tableau tools help to create a chart, reports, dashboards, and data visualization. Among the product suite from the Tableau software that can be categorized as Tableau tools, are Tableau Public and Tableau Desktop.

  1. Sharing Tools

These Tableau tools are designed to facilitate sharing of documents. These include various charts, reports, dashboards, and data visualization created. Tools such as Tableau Server, Online, and Reader fall into this category.

With the knowledge of Tableau meaning, let’s understand why Tableau software or tool is important in creating a career in analytics.

Importance of knowledge of Tableau for data scientists

With the knowledge of Tableau, you would be able to conduct the following tasks:

  • Create visualisations
  • Design dashboards
  • Manage big data
  • Identify patterns and devise meaningful insights
  • Manage Tableau Server
  • Improve performance by twisting SQL queries
  • Examine and resolve glitches in business processes
  • Make the business processes smooth

Final Thoughts

All in all, it can be said that Tableau is an interactive visual analytics platform. This comprises the features of the software as well as tools. Together the products offered by the firm help in the visualisation of data, in-depth insight, and a user-friendly approach. Learners can quickly be trained in the usage of this platform and work towards gathering business intelligence. Specifically, from disparate data sources. If you want to succeed in a career with the knowledge of smart platforms like Tableau, we have just the course in mind.

Qualification, as provided by The Postgraduate Program In Data Science And Analytics, prepares you to be versed with data visualisation tools like Tableau and others. This job interview guarantee program is designed for a data science and analytics career. The job interview specific curriculum has Tableau topics including establishing data connections and Working with Metadata. It will also introduce you to the interface of Tableau and basic chart types. In addition, the course covers Tableau software and Tableau tools. You will also be introduced to Mapping, Dashboard and Stories, and Calculations on Tableau software.

To answer why the course with Imarticus, because we offer one of a kind integrated learning experience. With each core module in the Program In Data Science And Analytics, we offer an evaluation of your performance. We have dedicated project mentors that make your learning optimal.

Your learning journey is designed to go through stages of foundation learning to excellence. In addition, we provide opportunities for preplacement assessment, capstone projects, hackathons, and project experience. Lastly, there is a placement drive on completion of the program that prepares you for the role of data scientist, business intelligence specialist, and analytics manager among others.

Reasons to Choose a Career in Financial Analysis

Posted on by Imarticus Learning

Financial analysis involves evaluating financial information to assess the viability, stability, and profitability of a business, project, or budget. It analyses and improves a company’s performance and identifies projects or companies for investment. Financial data is examined using ratios and other techniques to examine a company’s liquidity and solvency.

Financial modelling techniques

To become a financial analyst, one must have a bachelor’s degree in finance, accounting, economics, or a related field. A career in financial analysis is just right for those who are good with numbers and have an analytical bent of mind.

Read on to learn the top 9 reasons why choosing a career in financial analysis can be rewarding.

Reasons to opt for a career in financial analysis

Financial analysis is a promising career path for anyone with a mind for business, a big-picture outlook, and strong communication skills. Financial analysts can work in various industries, studying economic trends, making predictions, and offering investment recommendations.

Here are the top reasons to choose a career in financial analysis:

High Demand

The expansion of the financial services sector has resulted in a growing demand for financial analysis. Becoming a financial analyst may provide a variety of job opportunities and promotion prospects.

Diverse Career Opportunities

Financial analysts work in various sectors, including banks, insurance companies, and pension funds. They evaluate financial data and economic trends to guide investment decisions. There are various job roles in financial analysis, including portfolio management, market research, and financial risk analysis which one can choose according to his/her preference.

Stable Industry Growth

Financial analysis is one of the most promising domains in terms of industrial stability. With the expansion of the finance sector, new financial products are launched daily. It guarantees that new opportunities are always on the horizon, creating a constant demand for financial analysis.

Intellectual Challenge

Financial analysis demands strong analytical and problem-solving abilities and the capacity to investigate and evaluate large volumes of data from various sources. Financial statement preparation and ratio calculations are additional tasks for financial analysts that can challenge their intellectual prowess. Thus, it is perfect for those looking for a career that constantly challenges their abilities and pushes them to think beyond the ordinary.

Lucrative Salary

A beginner with 1-4 years of experience earns an average of Rs 3.8 lakhs per annum. The average salary of an experienced financial analyst in India is around Rs 6.5 lakhs per year. Financial analysts working as sell-side analysts for a big investment bank earn a more handsome salary. Their job involves compiling data on the bank’s stocks and bonds and using quantitative analysis to help banks price their investment products.

Impactful Work

Financial analysts aid businesses and private investors in making wiser financial decisions. They assess investment possibilities, develop financial models, and provide recommendations for individual investments and asset portfolios. In addition, their responsibilities include evaluating the performance of stocks, bonds, and other investment vehicles.

Job Security

Financial analysis as a career offers great job security. It is important for individuals who want to feel secure in their employment. Around 76% of finance and accounting workers feel secure in their employment and 78% believe their companies have a great future.

Transferable Skills

Financial analysts must have critical thinking, analytical, and presentation skills, as well as an understanding of finance and economic terms, financial regulations, and financial modelling. These skills are transferable to other industries and can also be valuable assets in other roles.

Financial analysis is a good starting point for a career in finance or business because it provides professionals with a combination of technical and soft skills that are transferable to other related roles. For example, financial analysts can use their technical skills to become financial managers or investment bankers. They can also use their soft skills to become consultants or business analysts.

Collaborative Environment

Collaborative environments are essential in financial analysis, as teamwork can increase productivity and create a positive atmosphere for collaboration. Many financial analyst positions require collaboration with other departments, such as building sales models or combining data to create an overall business model.

Collaborative working can also lead to better on-the-job performance rates. If one enjoys working in a team environment and values collaboration, then a career in financial analysis may be a good fit.

Conclusion

Imarticus Learning offers a Financial Analysis Course in collaboration with KPMG. The programme has an industry-aligned curriculum, which includes fundamental accounting and financial modelling, financial statement preparation, balance sheet, profit and loss statement, and cash flow statement analysis.

Further, the programme is project-based, helping students acquire practical skills essential for a career in financial analysis. Contact Imarticus to kickstart your financial analysis career today!

Revolutionising EmployRevolutionising Employee Integration: The Role of Technology In Onboardingee Integration: The Role of Technology In Onboarding

Posted on by Imarticus Learning

Embracing technology has become a necessity, not a choice, for businesses around the globe. One area where technology has been especially transformative is onboarding. The role of technology in onboarding is vast and ever-evolving. It’s a powerful tool, changing how companies bring new hires into the fold.

corporate training

It doesn’t matter if you are a large corporation or a startup, onboarding in technology is making a significant difference in how new employees integrate into your team. It’s changing the speed, the delivery, and the efficacy of the process. This blog post will explore seven ways technology is playing a critical role in streamlining and enhancing the onboarding process.

1. Speeds Up the Process

Technology doesn’t just hasten the onboarding process. It redefines it. Digital forms are one example. They are easy to fill out and submit. New hires can do it before their first day. They can do it from anywhere. This not only saves time but also makes the first day less stressful. HR doesn’t need to sift through paperwork. They can focus on making new hires feel welcome.

2. Offers Virtual Tours

Virtual reality (VR) has many uses. One of them is onboarding. VR can give new hires a tour of the office. They can learn the layout before stepping foot inside. They can also meet their teammates virtually. It makes the first day less daunting. It also saves time. Companies don’t have to disrupt the workday for tours.

3. Facilitates E-Learning

E-learning is a big part of onboarding in technology. It gives new hires flexibility. They can access materials whenever they want. They can learn at their own pace. This is key. Everyone learns differently. With e-learning, everyone can have the time they need. It also reduces pressure. New hires can learn without feeling rushed.

4. Automates Tasks

Technology can handle many tasks. These include some onboarding tasks. Automating them makes HR’s job easier. They can focus on more important things. For instance, they can spend time with new hires. They can answer questions. They can make sure new hires feel part of the team.

5. Improves Communication

Communication is key in onboarding. Technology makes it easier. With emails and messaging apps, HR can reach new hires fast. They can answer questions. They can provide updates. This helps new hires feel connected. It also helps them understand their roles faster.

6. Tracks Progress

Tracking progress is an important role of technology in onboarding. HR can monitor new hires. They can see who is doing well. They can see who might need help. This kind of tracking is key. It helps make sure new hires succeed.

7. Stores Information Safely

Secure storage is another benefit of technology. Onboarding involves a lot of data. This data needs to be kept safe. Technology can do this. It can also make it easy for HR to access the data. This can be important when reviewing new hires’ progress.

The Future of Onboarding with Technology

The future of onboarding lies in technology. It’s changing the way we think about, approach, and carry out onboarding. From speeding up the process with digital forms to making learning more accessible with e-learning, technology is a game-changer in the onboarding arena. With these seven ways, it’s clear that onboarding in technology is no longer a luxury but a necessity for efficient and effective onboarding. As technology continues to advance, we can only anticipate even more innovative ways in which it will continue to transform onboarding.

Don’t be left behind in leveraging technology for your onboarding process. To learn more about how technology can improve your business operations, visit Imarticus Learning. Here, you’ll find various courses and resources to help you navigate the ever-evolving world of business technology. Technology isn’t just shaping our future—it’s here, and it’s time to embrace it.