Contact Us
×

Author: Imarticus Learning

The Role of Python, SQL and R in Data Analysis

Posted on by Imarticus Learning

A career in data science requires in-depth knowledge of various software tools and programming languages. Languages like R, Python and SQL offer massive advantages that one can use for efficiently conducting data analysis. 

This article will discuss in detail the role each language carries while we delve into the advantages of a data science programme. For instance, the programmer can utilise R and SQL for complex queries and tables while conducting fundamental statistics. On the other hand, one can easily use Python objects to create and automate tasks while working on various data sets. 

Python in Data Analysis 

become a Data Analyst

Python is a powerful tool in data analysis as it provides a colossal library count that can be used for data visualisation and manipulation. 

A. Advantages of Python in Data Analysis 

  • Easy Programming Language: Data analysis is a large venture requiring a lot of work with every task. With Python objects, syntax and code can be written straightforwardly.
  • Extensive Library Count: Python’s standard library allows for complex data analysis tasks like data manipulation, statistics, and data visualisation to be done with ease.
  • Open-source Feature: Since Python can be modified, it is free for users to access and write, making it the ideal choice for different data analysis projects.
  • Community Support: Python boasts a large group of developers available anytime to answer and help each other with queries.

B. Popular Libraries and Frameworks Used in Data Analysis

Python utilises many libraries like TensorFlow and Scikit-learn to exercise machine learning algorithms. Other libraries and frameworks include Keras, Pandas, PyTorch and Matplotlib.

Pandas uses the ‘sort_values‘ function to make way for the action. In this example, we can see the popular instance of listing items and their prices arranged in descending order in store 1. The prerequisite ‘Pandas’ from the Python library has been used for this particular action.

items[items.store_id == 1][[‘description’,’price’]]\

.sort_values(by=’price’, ascending=False)

 

Store ID

 Description

Price

2

 zucchini 7.45

1

 orange

1.45

3

 pear

1.45

1

 butter

1.40

8

 onion

1.35
1 celery

0.75

 

SQL in Data Analysis 

A. Advantages of SQL in Data Analysis 

SQL’s performance is commendable as it can be used to query and manipulate the data present in the database. SQL can also create numerous reports and dashboards for visualising data. 

  • High Performance: SQL is widely known for its efficient form that aids in offering faster results than other programming languages.
  • Secure Database: SQL’s most relevant feature is high security for storing and retrieving data which can be used against unauthorised access and malicious attacks.
  • Scalability: SQL is known for holding a substantial amount of databases that can store more data over time.

B. Popular SQL Programming Database Management Systems Used in Data Analysis

SQL utilised a range of DMS systems for analysing data effectively. These include MySQL, PostgreSQL, MSSQL, MariaDB and Oracle.

This list shows how MySQL has been implemented for acting:

mysql> SELECT DESCRIPTION, PRICE

    -> FROM ITEMS

    -> WHERE STORE_ID = 1

    -> ORDER BY PRICE DESC;

 

Description

 Price

zucchini

 7.45
orange

1.45

pear

 1.45
butter

1.40
onion

1.35

celery

0.75

 

R in Data Analysis 

R is an essential language for data analysts as it helps create robust data structures and visualisations.

A. Advantages of R in Data Analysis 

  • Cost-effective Features: R’s libraries and frameworks are open-source and free to use, making them an excellent option for greater accessibility in data analysis.
  • User-friendly Visualisation Tools: R comprises various user-friendly visualisation tools that rapidly form graphs and charts.
  • Flexibility: R’s vivid tools can analyse many data types — text, audio and images.

B. Popular R Libraries and Packages Used in Data Analysis

The most common and widely used R frameworks for analysing data include dplyr, tidyr, Shiny, plotly, XGBoost and data.table.

In this example, you can see the data.table format:

> items[store_id == 1, .(description, price)][order(-price)]

 

Store ID

 Description Price

1

 zucchini 7.45
2 orange

1.45

3

 pear 1.45

4

butter

1.40
5 onion

1.35
6 celery

0.75

 

Conclusion 

All three languages mentioned above have a substantial role in data analysis as they offer numerous functions for managing and manipulating data effectively. While R is a powerful statistical language, SQL programming is a database query for storing databases. Furthermore, Python’s general-purpose language can be accessed for machine learning purposes.

A career in data science can be gratifying, especially when using your technical skill sets. It can be especially beneficial while forming simple descriptive statistics or creating complex machine learning models. Opt for Imarticus’s Post graduate program in Data Science and Analytics while you work on amplifying your resume. 

Money Market vs Derivatives Market: What’s the Difference?

Posted on by Imarticus Learning

The financial market is a complex system consisting of various markets, each with its unique characteristics and purpose. It can be broadly classified into two types – the money market and the derivatives market. 

While both of these markets deal with financial instruments, they are fundamentally different from each other in terms of the type of instruments traded, the purpose, and the risk involved. 

Investment Banking

The money market is an important source of funding for financial institutions and governments, while the derivatives market provides a way for investors to transfer risks, which helps to stabilise financial markets and promote economic growth. Understanding the differences between these two markets is essential for investors to make informed decisions and manage their risk effectively.

Money market

The money market is a segment of the financial market that deals with short-term borrowing and lending of funds. 

The instruments traded in the money market are short-term debt securities, such as treasury bills, commercial papers, and certificates of deposit, with maturities ranging from 15 days to 1 year.

The primary participants in this market are corporations, governments, and banks, which use the money market to manage their short-term funding needs and cash balances. 

Derivatives market

The derivatives market deals with financial instruments that derive their value from an underlying asset. The underlying asset can be anything from commodities, stocks and currencies to interest rates or even bonds.

Notably, derivatives are financial contracts that allow the transfer of risk from one party to another without actually transferring the underlying asset. Examples of derivatives include forwards, futures and options.

Participants in this market include hedge funds, individual traders, institutional investors, and banks.

This funding is essential for the smooth functioning of the financial system, as it allows financial institutions to meet their daily liquidity needs. Similarly, the derivatives market provides a platform for the transfer of financial risks, which helps to reduce overall financial risk in the system.

Difference between money market and derivatives market

Both the markets play a crucial role in the functioning of the overall financial system. But, the key differences between the money market and the derivatives market are:

  • Risk involved 

The money market is considered a low-risk investment as the instruments traded are short-term and issued by highly creditworthy entities.

 The derivatives market is considered high-risk as the value of the derivative contract is dependent on the underlying asset, which can be subjected to fluctuations in price. Additionally, derivatives can be leveraged, meaning that a small investment can result in either a large return or a significant loss. 

  • Purpose of the investment

In the money market, the primary goal is to provide a platform for companies and governments to borrow or lend funds for short periods, allowing them to manage their cash flows in order to meet their short-term funding needs and provide individuals with low-risk investment opportunities.  

 In the derivatives market, the goal is to provide a way for investors and traders to hedge against potential losses or speculate on an underlying asset’s future price movements. 

  • Type of instruments traded

 The type of instruments traded is also different in these two markets. 

The money market deals with short-term debt securities, such as treasury bills, commercial papers, and certificates of deposit.

The derivatives market deals with financial contracts that derive value from an underlying asset. This means that the value of the instruments traded in the derivatives market can be more volatile and subject to fluctuations in the underlying asset.

 It is worth mentioning that the derivatives market is regulated differently from the money market.

Despite their differences, the money market and derivatives market share some commonalities. Both the markets are essential components of the global financial system and provide opportunities for investors to manage their risks and earn returns on their investments.

Additionally, both the markets are highly regulated to ensure transparency and protect investors.

Conclusion

Having a detailed knowledge of the two markets and their fundamental differences, risks, advantages, and disadvantages is a prerequisite for those interested in investment banking. Imarticus’ Certified Investment Banking Operations Profession (CIBOP) course is an excellent option if you are seeking a career as an investment banker. 

This course covers advanced topics in investment banking and is suitable for anyone wanting a push in their banking career. In addition to covering the subject of anti-money laundering, this certification will equip you with an understanding of financial analysis technologies. Enrol in this course today and get placed in well-reputed corporations with a lucrative investment banker salary.

UAE – Why You Must Get Your Team to Enrol for an IIM Certification Course

Posted on by Imarticus Learning

Several studies show that opportunity to upskill is a sure way for companies to boost their Employee Value Proposition (EVP). The promise of a chance to learn from the best of the best via IIM certification courses further adds value.

Corporate Training

Offering deserving employees a means to upskill with quality training is an effective retention strategy. This blog talks about the benefits of workforces pursuing IIM online courses.

Six Advantages of IIM Certification Courses

Here is a look at how IIM certification courses can add value to workforces around the world:

World-class pedagogy

The IIMs have built a name for innovation and able pedagogy over several years. There has been a rise in several private education players. But, IIMs have maintained their standards. Today, the IIMs offer several useful online programmes. These enable working professionals to upskill and stay relevant in their fields.

A contemporary curriculum

The challenges and modern workplaces are constantly evolving. Technology has sped up the pace at which change is affecting the workplace. IIM programmes match the constant changes in the curriculum. New subjects are introduced to professionals to build new skills and knowledge.

Thrust on leadership

The IIMs have produced several industry leaders. Several thought leaders have emerged across every sector. Some have gone on to build world-class companies. Thus programmes from the IIM come with a strong focus on honing leadership skills. These include critical thinking, communication, and empathy. Skilling the workforce through such programmes is an investment. It helps in building a future pipeline of company leaders.

Blended learning

Traditional MBA programmes teach through lecture-style classroom learning. The online executive programmes are delivered through live instructor-led sessions, hands-on training, collaborative learning, and on-demand learning resources. Access to these options enables remote, hybrid and on-site employees to learn at their own pace. They also have the option of learning faster.

High-quality on-demand resources 

Learners today get training in many ways. Executive programmes have changed their learning methods per the new trend. Learners can get new concepts through on-demand resources such as videos, audio representations, conversations, and multiple-choice questions.

They can learn by using their listening, speaking, watching, and writing abilities. Access to top resources helps in self-learning. It is a handy skill in the modern workforce.

Diverse programmes

Modern workforces need skill sets that help to bring success. The IIMs offer a wide range of specialisations. These enable companies to upskill their workforces per market needs. From finance and HR to leadership and change management, the IIMs executive programmes have them covered.

In Conclusion

Investing in high-quality online upskilling can be a game-changer for corporations looking to stay relevant in these times of accelerated change. By investing in online IIM certification courses, companies can empower employees from any location to become excited about upskilling and expanding their knowledge base. Building a culture of upskilling can trigger growth, leadership, and long-term retention of employees of the present and future generations.

If your company aims to introduce highly effective, relevant IIM certification courses, connect with us at Imarticus to start a conversation. Our interventions come with great attention to deal and the ability to customise courses based on real-time training needs.

How is a digital marketing course helpful in becoming a successful CMO?

Posted on by Imarticus Learning

Digital marketing has transformed the way businesses operate in the current landscape. As such, digital marketing has become vital to a company’s marketing strategy. In this era of digitalization and technological advancements, companies must adapt to the digital world to stay ahead of the competition. 

The role of the Chief Marketing Officer course has also evolved, and a CMO needs to know about the aspects of digital marketing to be successful. Digital marketing uses digital channels, such as social media, search engines, etc., to promote its products or services. Companies must have a bold digital marketing strategy to succeed in today’s digital era. 

Businesses use this powerful tool to reach their target traffic and increase their online presence. Digital marketing courses can equip aspiring online CMO programs with the skills and knowledge required to achieve in the modern business world. This blog post will discuss how a digital marketing course can help you become a successful CMO.

How Does Digital Marketing Transform the Role of the CMO?

best digital marketing course

The role of the CMO is to lead the company’s marketing efforts and ensure that the company’s products or services are well-positioned in the market. Marketing is one of any business’s most vital aspects and is critical in achieving business objectives. 

Digital marketing has transformed how companies approach marketing, and it is now essential for a CMO to know about digital marketing to succeed. By taking a digital marketing course, CMOs can stay up-to-date with the latest trends in digital marketing and develop strategies that align with the company’s goals.

Benefits of Taking a Digital Marketing Course for CMO

A Chief Marketing Officer (CMO) is responsible for developing and implementing strategies that drive growth and increase revenue. In today’s digital world, digital marketing is crucial to any successful marketing strategy. By taking a digital marketing course, CMOs can gain the knowledge and skills required to succeed in the modern business landscape. This section will discuss the benefits of a digital marketing course for CMOs.

  • Understanding of the Digital Marketing Ecosystem

Digital marketing is a complex ecosystem with various channels, tools, and metrics. By taking a digital marketing course, CMOs can understand this ecosystem and learn how to leverage it to achieve business objectives. They will learn about digital marketing channels like search engines, social media, and email marketing.  

  • In-Depth Knowledge of Digital Marketing Techniques

IIM Digital Marketing course provides CMOs with in-depth knowledge of digital marketing techniques. These techniques include search engine optimization, email, social media, and content marketing. CMOs can develop marketing strategies that effectively reach their target audience and achieve business objectives.

  • Practical Experience in Executing Digital Marketing Campaigns

One of the most significant advantages of taking a digital marketing course is the practical experience gained in executing digital marketing campaigns. This experience is valuable in developing effective marketing strategies that drive growth and increase revenue. Participating in practical exercises and case studies allows CMOs to gain hands-on experience managing digital marketing campaigns. 

Importance of Digital Marketing in the Modern World

Traditional marketing strategies are needed in today’s digital world. Companies must embrace digital marketing to stay competitive and grow their businesses. Digital marketing is one of the most cost-effective ways to reach a larger audience and allows companies to target their audience more precisely. Additionally, digital marketing provides valuable data that can be used to optimize campaigns and improve ROI. By taking a digital marketing course, CMOs can learn how to leverage digital marketing to achieve business goals faster.

Digital marketing is a vital part of any company’s marketing strategy in the current landscape—Aspiring CMOs must-have digital marketing knowledge to succeed in their roles. By taking a digital marketing course, CMOs can equip themselves to develop effective marketing strategies that drive growth and increase revenue.

Discover Chief Marketing Officer Online Courses With Imarticus Learning

Imarticus Learning offers a state-of-the-art IIM Raipur marketing courses training program for ambitious professionals aspiring to become CMOs or leaders. 

Course Benefits For Learners:

  • The IIM marketing courses, developed in partnership with Imarticus Learning, enable students to advance vertically more quickly, start international business initiatives, and achieve corporate objectives.
  • The insightful curriculum develops future business leaders’ strategic, operational, and technological leadership skills.
  • Our knowledgeable faculty incorporate a variety of viewpoints, and the IIM Raipur campus immersion fosters knowledge exchange to create robust business solutions and valuable strategies.

How does a CMA course add value to your career?

Posted on by Imarticus Learning

Are you an aspiring accountant, finance professional or business leader looking to take a career in management accounting to the next level? If yes, then a CMA certification may be the missing piece to your career puzzle. 

Certified Management Accountant (CMA) is a globally recognized professional certification designed to enhance your knowledge, skills, and credibility in management accounting and finance. This blog will explore the benefits of a CMA course and how it can add value to your career.

certified management accounting course

The certified management accounting course is designed to equip professionals with the knowledge to succeed in today’s complex business environment. The course covers various topics, including financial planning, analysis, control, decision-making, performance and internal control, risk management, and governance. 

The Certified Management Accountant course can add tremendous value to your career. By obtaining a CMA certification, you can demonstrate your expertise in accounting and finance, which employers across different industries highly value. 

The CMA course also provides opportunities for skill acquisition and development, career advancement, and networking. By preparing for and passing the Certified Management Accountant exam, you can become an essential asset to your organization.

Advantages of Having Certified Management Accounting Course Certification

One of the most significant advantages of having a CMA is that it adds much value to your career. The Certified Management Accountant course showcases your deep understanding of accounting and finance, which employers across industries highly value. 

Here are some other advantages of having a CMA certification:

Business Appeal: With the CMA, you will be better equipped to make strategic business decisions that help drive growth and profitability for your organization. Employers will value your expertise in finance and accounting, and you will be seen as a valuable asset to the organization.

Global Opportunities: Certified Management Accountant certification is recognized globally, providing opportunities to work in different countries and industries. This certification gives you an edge in the job market and will be valuable to employers across other regions.

Growth Opportunities: The CMA course provides opportunities for growth in your career. The CMA certification equips you with the skills and knowledge needed to succeed, whether you want to advance the corporate ladder or take on new challenges.

Value as an Employee: The Management Accountant certification shows that you are committed to your profession and have invested time and effort to enhance your skills and knowledge. This makes you a valuable asset to your organization, and you will likely be seen as a strategic partner rather than just an employee.

How Does the CMA Course Add Value to Your Career?

Now that we have looked at the advantages of a Certified Management Accountant course, let us explore how it adds value to your career.

Professionalism and Career Relevance: A CMA certification shows dedication and professionalism in your field. With this certification, you can demonstrate a strong grasp of accounting and finance, increasing your relevance and value.

Strategic Business Acumen and Decision-Making Skills: The CMA course equips you with strategic business acumen and decision-making skills. This certification provides the tools and knowledge to analyze financial data and make decisions that drive business success.

Validation of Competencies and Knowledge: Management Accountant certification validates your competencies and knowledge in accounting and finance. It shows that you have the skills and expertise needed to succeed, and employers can trust your abilities.

Networking and Collaboration Opportunities: The management accountant course offers networking and teamwork opportunities with other industry experts. You can join the IMA and attend conferences and events to meet other professionals and learn about the most recent developments in accounting and finance.

Discover a Career in Management Accounting with Imarticus Learning

The certified management accounting course gives students valuable knowledge of management accounting. Additionally, all students will receive additional advanced Excel and financial modeling instruction, giving them all practical, real-world experience and complete job-ready.

Course Benefits for Learners:

  • The learners can work for Fortune 500 companies and pursue global management and accounting careers.
  • Students will be equipped to collaborate with leading names in the financial sector, accounting, consulting, and MNCs in various industries.
  • The Certified Management Accountant course offers a thorough pre-placement boot camp, resume-writing assistance, and interview coaching.
  • We offer placement assistance, guaranteed interviews with top companies, and training in soft skills.

6 Chief Operating Officer Roles and Responsibilities

Posted on by Imarticus Learning

In today’s fast-paced business landscape, a COO holds utmost significance in any organisation. They stand to be more demanding than ever. A Chief Operating Officer (COO) ensures that an organisation operates effectively by running its operations, simplifying supply chains, and implementing strategic plans. According to research, Opportunities for Strategic COOs exist globally, with major financial hubs such as New York, London, Singapore, and Hong Kong offering numerous positions.

This blog explores the key responsibilities of a COO in the domains of supply chain and operations. We’ll also discuss how advanced training programs, such as the IIM Raipur Executive Certificate Programme, can help aspiring COOs excel in their careers.

What Does a Chief Operating Officer Do?

The Chief Operating Officer is one of the key positions in any organisation. As an implementor of a business strategy, the COO needs to ensure that operations are efficient while still driving organisational growth. Deep knowledge in supply chain and operations management with leadership abilities must empower teams to work toward attainment of corporate objectives.

Why does the role of a COO matter?

  • Operational Excellence: The COO will ensure that the organisation performs at an optimal level.
  • Strategic Alignment: The COO will enable the CEO by creating actionable goals that bring a shared vision to life.
  • Leadership: The COO will create innovation and collaboration culture across teams.

Key Chief Operating Officer Roles and Responsibilities

  1. Propelling Operational Strategy

A Chief Operating Officer would formulate strategies which might be useful in optimising the company’s operational performance and work toward their implementation. They would work with other executives to establish the organisation’s performance metrics and align its operations to streamline the work.

Focus Areas:

  • Process optimisation
  • Optimisation of resource use
  • Reduce risk 

  1. Manage Supply Chain

The most important supply chain function that falls under the COO role is the smooth movement of goods and services. It includes all procurement, logistics, and inventory management.

Focus Areas:

  • Vendor management
  • Inventory optimisation
  • Cost-cutting initiatives

  1. Improving Operational Effectiveness

Efficiency lies at the core of the COO roles in operations management. COOs detect bottlenecks and work on solutions to make operations more productive and minimise costs.

Focus Areas:

  • Workflow automation
  • Teamwork
  • Performance metrics

  1. Leading Technology Integration

In the modern digital landscape, the COOs need to be leaders for integrating technology into operations. This would translate into data-driven tools for supply chain and operational analytics.

Focus Areas:

  • Digital transformation
  • Supply chain analytics
  • Artificial intelligence and machine learning

  1. Cross-Functional Teams Management

A COO is a department interface. It helps ensure that teams work towards organisational goals. Communication and conflict resolution skills are important here.

Focus Areas:

  • Team alignment
  • Leadership development
  • Stakeholder engagement

  1. Compliance and risk management

The key responsibilities of a COO includes ensuring that operations are adhered to regulatory standards and maintaining risk proactively. 

Focus Areas:

  • Compliance with regulatory standards
  • Risk analysis
  • Crisis management

Importance of Training for Chief Operating Officers

The dynamics in the business world are changing, and so is the need for COOs to be responsive to trends. Chief Operating Officers must balance strategic decision-making with operational efficiency with leading diverse teams. Effective training equips COOs with the tools, skills and mindset needed to navigate this complexity and drive organisational success. Professional training is indispensable for Chief Operating Officers.

IIM Raipur Executive Certificate Programme for Strategic Chief Operations Officers

Tailormade C-suite Training

This 10-month program covers fully the scope of the tasks of the COO responsibilities in supply chain and operations management and it is the best supply chain and operations training program. The learners get a strategic view on the design and development of the supply chain.

SCM Globe Simulations

The learners in this course get a close-up exposure to supply chain modeling and decision-making experience. They gain a comprehensive understanding of supply chain design, development, and management.

CXO Masterclasses

Learn from seasoned CXOs who share their expertise on leadership, strategy, and problem-solving with you. These masterclasses are essentially practical tools to navigate through the complexities of the COO role.

Campus Immersion

The programme includes campus immersion experience at IIM Raipur. It allows participants to network with their peer group and distinguished faculty members.

IIM Raipur Executive Alumni Status

The graduating candidates are also given the chance of taking the executive alumni status at IIM Raipur that offers privileged access to exclusive resources and other events and networking activities similar to this

Building Your Social Net Worth

The course will give a person-to-person connection to industrial leaderships and peers from a variety of backgrounds where the attendees can build their networking.

FAQs

What is the core responsibility of a Chief Operating Officer?

A COO is at the helm of operational strategy, supply chain management, efficiency, incorporation of technology, management of teams, and risk avoidance.

How do COOs improve supply chain management?

COOs make procurement, logistics, and inventory processes streamlined and cost-efficient.

What are the skills that a COO needs?

Key competencies include strategic thinking, leadership, operational management, technological prowess, and risk assessment.

Why should I take up a training program for COOs?

The training course teaches one all the knowledge and experience needed to work well in this challenging job. It provides a healthy enhancement level in one’s career, as well as elevates leadership skills

How does the IIM Raipur Executive Certificate prepare one to become a COO?

The IIM Raipur Executive Certificate Programme integrates strategic knowledge with hand-on learning and networking experience to empower professionals for COO.

Conclusion

Chief Operating Officer is a much-needed role in the corporate world today. COOs are now playing a very critical role in the organisational setup from managing supply chains to driving operational excellence. For this role and to shine with excellence, the right stepping stone is taking specialised training courses such as the IIM Raipur Executive Certificate Programme for Strategic Chief Operations Officers. The program’s curriculum, including world-class faculty and unmatched networking opportunities, will help develop tomorrow’s leaders. Be challenged by playing the role of a COO and be that strategic leader your organisation needs. The future of operations management awaits!

A Step-by-Step Guide to Building a Full Stack Developer Resume in 2023

Posted on by Imarticus Learning

With technology holistically running our lives, the world of development is consistently in demand for experts in this field. Full stack developers have the prerequisite skillset for both front- and back-end development of web pages and applications. Companies are constantly on the lookout for talent to ideate, design, build, and launch websites and apps to help businesses garner revenue. 

These days, many students and graduates are turning to full-stack development as a career choice because of its lucrative opportunities in the job market. Here is a detailed guide to help you become a full stack developer if you are an enthusiast.

Why are full stack developers in demand?

Full Stack Development Course

The world’s reliance on technology has created a constant demand for innovative software and dynamic websites. Full stack developers are involved in building advanced websites and applications that cannot be built with just markup language. Some of the main reasons why full stack developers are in demand have been elucidated below:

  • Dynamic skill set: A full stack web developer or app developer is an asset to any web development team. They come with adequate technical knowledge and a diverse skillset to work on varied projects. They also have a strong understanding of database technologies as well as client- and server-side development and have experience working with various programming languages.
  • Front end and back end knowledge: Full stack developers are well-versed in front-end programming (Javascript, HTML, and CSS) and back-end programming (PHP, Node.js., Ruby on Rails).
  • Cost efficiency: Hiring a full stack developer with a dynamic skillset is much more cost-effective than hiring an entire team of various specialists. Secondly, it takes significantly lesser money if there is only one individual to train. Thirdly, companies don’t have to invest in additional infrastructure to accommodate different teams.
  • Faster development: Being skilled in both front end and back end knowledge, a full stack developer can build applications and websites faster than traditional developers. Full stack developers can also provide a more comprehensive perspective while handling a project and identify problems and areas that have the potential to improve.
  • Higher value: Due to their higher responsibility levels in a company, full stack developers are more valuable as an asset. They are tasked with managing every facet of a website or application, from user interface to database.
  • Quicker bug fixes: A full stack developer is adept in coding a web application from the beginning to its completion. This enables them to quickly identify bugs and resolve them with immediate effect instead of waiting for a separate developer to fix them.
  • Adaptability: Companies have a high demand for full stack developers due to their high adaptability when it comes to working with numerous forms of technology. With their in-depth knowledge, they can switch between back- and front-end operations with ease.
  • Management skills: With businesses constantly striving to expand an online presence, they are in need of developers who can manage every facet of website development. Full stack developers can work in many roles in a team. This makes them valuable assets in any company.

6 key steps to building a strong full stack developer resume 

Step 1: Learn the basics of web development

Learning the basics of web development and its workings is key to becoming a full-stack developer. 

Step 2: Learn HTML and CSS

Being adept in these two languages is key to mastering the front end. Although they are primarily used in scripting static websites, strengthening the basics can help you venture into modern styling methods like Bootstrap, SCSS, Tailwind CSS, and more. 

Step 3: Learn the basics of JavaScript and DOM manipulation

Learning HTML and CSS will ease you into learning JavaScript and DOM. Although it might seem intimidating initially, opt for third-party plugins or APIs to make innovative web pages when starting out. However, before moving on to JavaScript, make sure that you have adequate practice in developing simple dynamic web pages. This will help you strengthen your basic knowledge to make the next step easier to grasp. You will also need to familiarise yourself with jQuery for advanced understanding.

Step 4: Choose an appropriate front-end stack

Choosing a front-end stack suited to your preference is the next big step. You can choose JavaScript-based front-end stacks like Vue, React, or Angular. Hone your skills with adequate practice.

Step 5: Choose an appropriate back-end stack

The last and most important step is choosing your back-end stack for back-end development. You can start with the Express.js framework and Node.js. Back-end scripting is integral for the smooth functioning of a project and therefore, requires critical thinking skills. PostgreSQL and MongoDB are also popular choices. 

Conclusion

The continued demand for full stack developers will create a surge in job opportunities. With their well-rounded skills and ability to work on multiple kinds of projects, companies will always have open job positions for individuals with the required expertise. To carve out a successful career in full stack development, you will need to have in-depth knowledge of data structures and algorithms and also open-source automation systems like Kubernetes. 

To kickstart your career as a full stack developer, you can opt for the Full Stack Development programme. Offered by Imarticus, this course is a job-assured programme designed by industry experts aimed to upskill you with a detailed understanding of front- and back-end development. 

Top data science and ML challenges in 2023

Posted on by Imarticus Learning

Data science and machine learning (ML) have become key determinants of business success. While data science deals with collecting, analysing and drawing meaning from data, machine learning focuses on building models that use data to make informed predictions. Data science involves various fields and techniques, including machine learning. Data scientists use ML models to improve data analysis and forecasts. 

Data Science Course

Data science and machine learning courses have become increasingly popular, with the demand for skilled professionals rising. In addition to having the relevant knowledge and skills, data scientists and ML experts must be quick to identify challenges and tackle them. 

This article will look at the top data science and ML challenges and how professionals can deal with them.

What are the major challenges faced in this field?

Let’s discuss some significant challenges data science and ML professionals face.

Data preparation

Collecting, organising, cleaning and analysing data is extremely tedious. Different platforms require the data to be stored in specific formats using various codes. One has to keep in mind that there should be no change in the original dataset while the analysis is being carried out. This is a major data science challenge.

Lack of appropriate data

The unavailability of proper datasets can often turn out to be problematic. Too small a dataset can result in sampling bias. To predict future performances based on past information, efficient datasets are necessary, and the inability to extract such data can often become a challenge. 

Incomplete dataset

Complete and balanced data is necessary to build machine learning models,  However, if an incomplete dataset is used, it might lead to inaccurate predictions and erroneous conclusions.

Missing values

If a dataset has a lot of missing values, then it becomes difficult to work with the data since many programming languages fail to give accurate results in this case. A non-stationary dataset might pose a challenge since it becomes complex to work with.

Data protection

The threat of cyber-attacks calls for secure data storage to prevent the leakage of sensitive information. Due to some organisations’ stringent data protection measures, accessing it becomes difficult for data scientists. Even after accessing, working on this data while conforming to these additional restrictions often becomes challenging for them. 

Data inaccuracy

If a model has been built with incorrectly labelled data, then it will certainly give incorrect results once new information has been incorporated. Therefore, ensuring the accuracy of results using proper data labels and variable types often proves quite daunting.

Data inconsistency

Consistent data is a must to build an appropriate machine learning model. Any inconsistency in the data can lead to false conclusions. Thus, the data should be free from bias and there should be no inaccurate data sources when building ML models. 

How can these challenges be tackled?

Several measures can be taken to tackle the challenges that have been discussed above:

  • Setting a definite target 

Setting the primary purpose behind the data collection and analysis is essential as it will help to make the process more precise and focussed. Once the research question has been defined, it becomes easier to carry out data operations and derive insights.

  • Cleaning the data to minimise errors

While cleaning the data, it is essential to reduce errors as much as possible, omit missing values or substitute them with other appropriate values and eliminate duplicate observations. It is also vital to detect unnecessary trends and anomalies in the dataset. 

  • Checking the linearity of data

It is crucial to check for non-linear relationships in the collected data and make them linear if needed. Checking data linearity will provide information on whether the data is sufficient or if some more variables need to be included.

  • Efficiently managing data

Efficient data management and integration tools must be utilised to ensure the availability of appropriate data required for the study. Data must be collected from reliable sources and appropriately sorted.

  • Implementing data governance

Data management and model governance processes must be set up to improve model performance, precision and accuracy. If required, regular model re-training is a must by setting up relevant tools and processes. 

Conclusion 

There are many challenges one might encounter in this field. However, it does not deter aspirants from pursuing data science and machine learning courses to join this thriving industry. In addition to imparting theoretical knowledge, these courses encourage hands-on experience working with various tools necessary to tackle these challenges successfully.

 If you are interested in data science and machine learning, then check out the Imarticus IIT Roorkee data science course. The 5-month certificate programme in data science and machine learning is designed by eminent IIT faculty members. It will teach you the fundamentals of data science and machine learning while training you to apply this knowledge to real-world problems. 

How to Become A Supply Chain Professional: A Guide

Posted on by Imarticus Learning

A supply chain is a system of facilities and transportation channels. It coordinates the purchase of raw materials, their transformation into intermediate and completed goods, and their distribution to the end customers. 

Notably, supply chain management (SCM) is the process of overseeing the flow of products and services – from sourcing raw materials to final products.

As businesses have become more globalised and competitive, the demand for supply chain management professionals has also shot up. 

To become supply chain professionals, aspirants must have specific skills and relevant educational qualifications. This article will address everything you need to know about becoming a supply chain professional. 

What is supply chain management?

At a fundamental level, supply chain management controls the flow of information, materials, and finance for a product or service. It takes care of everything – from purchasing raw materials to delivering the final product to its destination.

The concepts of supply chain and logistics sometimes need clarification. Logistics is a subpart of the supply chain. 

best supply chain management and analytics training

SCM systems nowadays are digitally created and encompass the handling of materials and software. This happens for all parties involved in creating products and services.

Getting the material, supply chain planning, product lifecycle management, logistics, and order management are all integral steps of a supply chain.

Whether strategic or tactical, material procurement falls under the responsibility of supply chain managers. They keep the inventory under control by keeping track of material availability and when it will be used. Additionally, they plan shipping routes and merge cargo whenever feasible.

Responsibilities of a supply chain manager

A supply chain manager has a wide range of responsibilities. Some of them are listed below:

  • Design the supply chain strategy for the company
  • To spot problems, analyse data from shipping and delivery
  • Keep an eye on logistics to make sure everything goes well
  • Proper upkeep of the records and inventory
  • Find reasonable solutions for supply chain problems
  • Fix any issues that arise (such as delays during delivery or accidents)
  • Oversee and encourage a group of supply chain employees
  • Enhance the effectiveness of the supply chain overall and search for any potential process innovations
  • Build connections with manufacturers, both new and old
  • To achieve sustainability goals, consider the supply chain’s environmental impact

Steps to follow to become a supply chain professional 

There are three ways in which you can become a supply chain professional. They are as follows:

Path 1:

  • Step 1 – Complete your 10+2 level education from any recognised board 
  • Step 2 – Pursue a BBA degree 
  • Step 3 – Pursue an MBA in logistics and supply chain 

Path 2:

  • Step 1 – Complete your 10+2 level education from any recognised board 
  • Step 2 – Pursue a B.Tech or B.E. 
  • Step 3 – Pursue an MBA in logistics 

Path 3: 

  • Step 1 – Complete your 10+2 level education from any recognised board 
  • Step 2 – Pursue a bachelor’s degree in any relevant field 
  • Step 3 – Get certification in supply chain management

Salary of a supply chain professional 

The average salary of a supply chain manager is Rs 13.1 LPA. It ranges between Rs 4.4 LPA and Rs 25 LPA depending on your experience, position, company and workplace. 

Skills necessary for a supply chain professional 

To become a successful supply chain professional, you must work on your skill set and education. Here are some skills and qualities a supply chain professional must have: 

  • Strong communication abilities

These professionals collaborate with several divisions in their organisation and suppliers to get a product manufactured and delivered to customers. Therefore, supply chain specialists must be effective communicators to promote collaboration and cooperation.

  • A strong moral sense

A supply chain professional, like any other business leader, must have a solid moral compass and be able to demonstrate it to peers and business partners. They must be fair to all participants in the supply chain.

  • Dedication to excellence

Customers will not do business with any company that produces inferior quality goods. A supply chain expert must hold his business to the highest standards to ensure success.

  • Time management

Every employee must be able to do tasks quickly and supply chain professionals are no exception. Anyone who works in the supply chain has a full day of commitments. Therefore, they must be skilled at balancing them all.

  • Tech expertise

The supply chain has been dramatically shaped by technology. Professionals in the supply chain must stay up-to-date on new advancements and be prepared to discuss how they could benefit the organisation.

Conclusion 

A professional overseeing the entire supply chain of a company, from raw material sourcing to the final production, is known as a supply chain manager. An essential part of business success, supply chain professionals ensure the continuity of delivery pipelines to meet market demand and enhance sustainability. 

To become a supply chain professional, consider enrolling in the Chief Supply Chain Management course offered by Imarticus in collaboration with IIM Raipur. The 10-month executive certificate programme incorporates live online classes and campus immersion to train professionals for senior supply chain management roles.

Capital Budgeting and the Role of CFOs

Posted on by Imarticus Learning

A chief financial officer (CFO) is one of the highest-ranking finance practitioners in a company. Any business stands upon its financial plans and strategies, which in turn fall on the shoulders of a CFO. In addition to being the financial supervisor, they actively advise the CEO and other directorial board members on business functioning and strategies.

Steering the wheels of financial leadership in any business, a Chief Financial Officer takes care of the financial health of a business. Their responsibilities are expansive, including but not limited to cash flow management, merger or acquisition planning, capital analysis and capital budgeting. 

In this article, we will understand the role of the CFO in the capital budgeting of a business.

Assessing, planning and deciding: What is capital budgeting? 

Simply put, capital budgeting involves identifying and evaluating different potential investments and choosing the ones with the highest returns. A project is assessed based on the cash outflow it demands and the cash inflow it generates.

chief financial officers course

In general, a business invests in projects with a profit scope. However, when there is a limitation in the budget, it has to assess different ventures and choose the one which scores highest on return benefits. 

An example of a decision based on capital budgeting would be to invest in guest posting on high DA websites to reach the company’s SEO goals instead of hiring an in-house marketing team. 

To explain this in lay terms, let us consider another example. Your laptop has stopped working. Given your budget, you can buy or rent a new laptop or repair the old laptop. 

You realise that your laptop is just one year old and repairing it will give you the best ROI on the investment you already made on your old laptop. So, the best option would be to repair your old laptop instead of the other options that negate the ROI of your old laptop. 

To invest or not to invest, that is the question: Significance of capital budgeting

A bad investment is as bad as running into debt, if not worse. Prudent investment decisions are necessary for a company to stay on top of its profit-making game. To make sure every investment is worth it, capital budgeting is indispensable. Here are some of the functional significances of capital budgeting: 

  • Profit above all

As discussed earlier, the primary purpose of capital budgeting is selecting the most profitable projects amongst a pool of potential investments. 

  • Capital outflow management

Capital budgeting puts a rein on investments by planning the outflow required and the period for which it will be necessary. Many projects might need investments over a shorter tenure, which may be selected over long-term expenditure projects.  

  • Evaluating fund sources

The funding for a project is often outsourced. Evaluating the right source of financing that is most appropriate and profitable for the business is a part of the capital budgeting process.

  • Preventing debts

When the funds are outsourced, a wrong investment that cannot gain minimum revenue to cover the investment amount might drag a business into debt. Every investment is irreversible, and thus, analysing it minutely before giving the green light to it is crucial to prevent any potential debts. 

Judgements and decisions: Role of CFO in capital budgeting

Shouldering all financial responsibilities, a CFO supervises the entire capital budgeting process involving a series of decision-making situations. It has many functions beyond the simple selection of projects because each project has a holistic impact on a business. Therefore, a CFO supervises the process and makes big decisions. 

  • Setting the investment budget and profit benchmark: A CFO has the final say in forecasting the capital required for an initial and overall investment in a project. This ensures that the entire amount is sourced and ready and a workable target is selected for the income profit from that particular project.
  • Increasing company ranking: A CFO churns out the highest profit possible and this gain helps the company go up the ladder of corporate competition.
  • Supervising each step: There are five main steps in the capital budgeting process – identifying projects, assessing their profitability potential, finalising the project and its budget, setting a target return and reviewing the financial performance. A CFO takes care of everything involved in each of these steps.  

As a financial supervisor, a good CFO excels at financial leadership and ensures the smooth functioning of all financial operations and the fulfilment of targets.

Conclusion

Capital budgeting is a prominent part of finance and budget management. With careful consideration of the right investment opportunities, the finance of a business will stay intact.

As a strategic financial counsellor, a CFO has to be on top of the economic functioning of the company. Sound financial decisions made by a CFO builds a company’s success story.

If you are trying to get a grounding in all the skills that a prudent CFO needs to run the financial management of a business, then check out Imarticus’ Postgraduate Certificate Programme for Emerging CFOs. The 12-month course incorporates live online classes and campus immersion to train emerging CFOs with the required professional skill set to ace their job profile requirements. 

Get a free 1:1 Imarticus counselling
Get a free 1:1 Imarticus counselling