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What Is The Cloud-First Strategy In Cloud Computing?

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What Is The Cloud-First Strategy In Cloud Computing?

A cloud-first strategy is a way of building a business that prioritizes cloud computing over on-premises computing. Although the strategy works for any industry, it is most commonly used by companies in the IT sector.

With a cloud-first strategy, a company will either migrate its existing applications to the cloud or build new applications using cloud-based architecture. The company will then move some or all of its data to the cloud and allow employees to use it through their workstations or mobile devices. The goal is to reduce costs, increase efficiency, and improve collaboration between employees and teams.

What to expect from a cloud-first strategy

To implement a successful cloud-first strategy, it’s essential to understand what it means for your business:

  • Choosing flexibility over stability: By moving to the cloud, you may lose some control over how your systems operate and what they do with your data. However, this can be beneficial if you’re looking for more agility in developing software solutions or adapting quickly when new technologies arise.
  • Owning less infrastructure: Moving from on-premise servers and storage systems toward third-party managed services allows businesses to shed much of their IT infrastructure costs while still getting access to powerful tools like analytics software and data integration techniques.

Components of a cloud-first strategy

Cloud-first involves three main components: automation, agility, and cost-effective solutions. 

  • Automation refers to the ability of a company’s systems to work independently from human intervention—for example, when an application automatically updates its database or sends notifications to users when something happens within the system.
  • Agility refers to how quickly companies can react to changes in the market or their business processes.
  • Cost-effective solutions refer to the fact that companies don’t have to spend money on building their own data centers, so they can focus more on developing new products or services instead of maintaining infrastructure.

The impact of a cloud-first strategy

Cloud-first is a strategy that focuses on using the cloud for all of your company’s data storage needs. Instead of keeping your data on your own servers or in your own offices, you’ll be storing it in the cloud and accessing it from wherever you are via an internet connection.

Cloud-first strategies in cloud computing can work well in any industry and with any size business. They’re especially useful for smaller companies that don’t have the resources to keep their own servers running and secure—or even just store all their data offline!

With a cloud-first strategy, you’ll be able to access all of your important documents (no matter where they are) anywhere there’s an internet connection. Even if something happens with one location (like someone stealing your laptop), you won’t lose everything because it is still backed up somewhere else.

How to implement a cloud-first strategy:

  • A company may choose to use only cloud solutions for all new projects. Thus, if an existing app needs updating or upgrading, it would not be done on-premise but rather in the cloud.
  • Alternatively, a company might choose an “as-a-Service” approach, using some cloud solutions while keeping others on-premises. For example, they might use Office 365 while keeping their email system on-premise to control security settings more easily or because they want access to data stored locally instead of in the cloud, which could become unavailable due to server failure.
  • The cloud-first strategy requires an organization to focus on two key areas: adoption and governance. 
    • The adoption phase involves identifying which services will be consumed, how they will be consumed, and when they will be consumed. 
    • The governance phase entails developing policies that dictate how these services can be used by employees within the organization.

In order to implement this strategy successfully, companies must:

  • Identify which applications or services are most important for the company to have access to at all times.
  • Determine what types of data need protection from threats such as malware attacks.
  • Create a plan for transitioning from on-premise solutions (like servers) over time.
  • Move to an infrastructure as a service (IaaS) model.
  • Using automation tools like Puppet or Chef to manage infrastructure.
  • Create self-service portals for users to provision their own resources.

As part of their strategy, companies will need to decide what kind of cloud services they want to use: public or private? Do they want on-site servers or off-site servers? What about hybrid solutions? 

This information will help them determine how much money they need upfront and how much they’ll be able to save over time by using cloud services instead of building from scratch or upgrading existing systems.

Imarticus Learning offers one of the best fintech courses in India that covers blockchain certification and other important topics to help students excel in real-world scenarios. Learn from the best industry experts and get your career on an accelerated path with Imarticus Learning. Connect with our chat support to know more.

A Step-by-Step Approach to Build an Investment Banking Career

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A Step-by-Step Approach to Building an Investment Banking Career

The investment banking industry is one of the most competitive in the world. The competition to join this industry is fierce, and it’s getting tougher year after year. If you are looking for the chance to impact people’s lives, then this might be just what your career needs. But how do you break into such an exclusive club? This blog post discusses a step-by-step approach to building your investment banking career!

 Determine your career goals

At the start of your investment banking career, you need to understand your future goals. Just imagine a few years from now, you might be a Chief Investment Officer of an asset management company or the CFO of an investment bank. Before starting your career, it is crucial to understand your future goals and achieve them.

 Build a strong resume

A strong resume is vital to getting into a good investment bank. During your career, you will have many opportunities to work on different projects and present them in front of your potential employer. Ensure that every experience counts and highlights your skills and strengths on your resume.

 Get a solid education

Investment banking is a highly competitive industry, and the best way to differentiate yourself from other candidates is to have a solid educational background. A good investment banking education can open many doors for your career, so it’s essential to ensure that you select the right program.

Start networking

One of the essential things in your investment banking career is to start networking as early as possible. The more people you know in the industry, the best opportunities you will have. Networking can help you find a job, get advice from experienced professionals, and learn about new trends in the market.

Get experience

Experience is critical when it comes to investment banking. The best way to get experience is to start working as an intern in a promising investment bank. It will allow you to learn about the industry and develop your skills.

Stay up-to-date with current events

The investment banking world is constantly changing, and it’s essential to stay up to date. That’s why it is important to read newspapers regularly or follow relevant news on social media and news channels.

Prepare for interviews

One of the critical steps in your investment banking career is to prepare for job interviews. The best method is practicing with a friend or family member. Ensure you know about the company you are interviewing with and have some questions ready to ask your interviewer.

Discover a certificate in Investment Banking with Imarticus Learning

This 180-hour powerhouse Certified Investment Banking Operations Professional (CIBOP) course will thoroughly prepare students for a job in investment banking operations, treasury, and clearing services. Learn about complicated securities and derivatives, their trade lifecycles, and the services that make up investment banking operations.

This alliance will provide learners interested in pursuing careers in investment banking with access to the LSE Group Academy’s best-in-class learning content, delivered by top-rated professors.

Course Benefits for Learners:

  •  Students at Imarticus Learning work in most worldwide investment banks with the CIBOP credential authorized by the London Stock Exchange!
  •  Impress employers & showcase skills with investment banking courses with placement assurance recognized by India’s prestigious academic collaborations.
  •  World-Class Academic Professors to learn from discussions and live online sessions

Contact us through chat support, or drive to one of our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, and Gurgaon. 

Analytics & Data Science Jobs in India 2022 — By AIM & Imarticus Learning

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Analytics & Data Science Jobs in India 2022 — By AIM & Imarticus Learning

India’s booming data science sector is changing the scope of the Indian job market. As per the Analytics India Magazine and Imarticus Learning report, the number of open jobs in data science and data analytics grew by 30.1 per cent in April 2022.

India’s share in data science and analytics jobs worldwide has increased to 11.6 per cent from 9.4 per cent due to digital transformation across domains. 

Moreover, statistics show that the recent hiring numbers for data scientists, AI/ML engineers, and big data analytics indicate a maximum upward swing. Top data scientist open jobs fall under the salary range of 25 to 50 lakhs, making a career in data analytics more attractive.

Imarticus Learning and Analytics India Magazine have researched to provide more insight into India’s data science jobs landscape. The report has collected insights into the prevailing data science trends number of open jobs in the data science pre and post-pandemic. The sectors where data science and data analytics jobs are available, types of companies offering data science and machine learning jobs, and cities with vacancies for data scientists. 

Some key findings include required experience levels, educational backgrounds, data scientist salary, data analyst salary, and key data science roles. Statistics of the report will help the data science industry experts to know the trends of the sector, future opportunities, and how to select suitable candidates for the data science jobs.

The report is apt for recruiters, data science, and data analytics aspirants and stakeholders as it gives insights about open jobs in data science across cities, domains, and the salaries offered. Data science experts and companies can also get the required information from the research report. 

Let’s look at the latest data science and analytics trends

As per the AIM and Imarticus Learning report, India has seen a significant hike of 73.5 per cent of open jobs due to Covid-19 from March 2020 to April 2022. However, in the second wave in April – May 2021, data science and data analytics jobs have declined to 3.8 per cent. 

In the second week of February and April 2022, approx number of open jobs in data science and analytics is 180,468 and 179,470, respectively. In April 2022, renowned companies like Accenture, IBM India, Flipkart, JP Morgan, United Health Group, Wells Fargo, Capgemini, Dell International, eClerx Services, and Shell tops the chart in creating the maximum number of data analytics jobs.

AI/ML engineer, deep learning, big data analytics, statistician, data architect, NLP, data scientist, data engineer, computer vision, and data scientist profiles have the maximum number of openings. 

Here the question arises why does India’s share in the data science and analytics jobs increase?

  1. 32.5 per cent increased funding in analytics-based startups. Total financing in these startups is $1.1B, which is the reason for rising in the data scientist and data analytics jobs.
  2. Domestic companies hiked their investments in the data science and data analytics sector.
  3. Companies worldwide have moved their data and analytics work opportunities to India. KPO, BPO, and IT organizations top the charts here.
  4. Technology transformation in the captive centres also contributes to the rise the data science and analytics jobs.
  5. Attractive salaries in the field of data science and artificial intelligence

Data science job markets have touched new heights, and data scientist and analyst salaries have also seen an upward curve. The analytics jobs which fall under the salary bracket of 50 lakhs have increased to almost 20 times from 2021 to 2022.

The table below will explain the trend in data scientist and data analyst salaries.

Salary Range Jobs in 2021 Jobs in 2022
0 – 3 Lakhs 11722 18095
25 – 50 Lakhs 3585 18775
50 Lakhs 276 5472

The statistics above make the data scientist and data analyst career one of the most favourite jobs and the best career choice for the future.

Sector’s contribution to data science openings

Data is not something that you can ignore. On the contrary, it is critical in all the sectors. The new-age industries like retail and CPG contribute to the maximum number of data scientist and analyst jobs. The total number of jobs in these sectors in 2021 was 3,143, which rose to 2.5 times in 2022, making it 7,743.

BFSI jobs have seen an upward trend by increasing 19.9 per cents more jobs contribution. In addition, sectors like eCommerce and the internet, with 13,167 in 2022, also show a significant rise. Post covid, travel, and hospitality industries have come up with a 4.4 per cent share in the total number of advertised jobs in the data science and analytics sector. Our report excludes the contribution from the IT sector.

The table below will give a sneak peek into sector contributions to data science jobs.

 

Sectors Percentage  
Telecom 4.70%
BFSI 26.60%
eCommerce/Internet 18.80%
Energy & Utilities 15.20%
Retail & CPG 11%
Pharma & Healthcare 7.40%
Media & Entertainment 6.70%
Automobile 5.30%

Company type-wise share of data science jobs

Based on the AIM and Imarticus Learning report, MNC IT and KPO sectors are the highest data science and analytics job contributors with 139323 open jobs. However, the domestic firm has shown a remarkable increase of 336.4 per cent and a decline in domestic IT and KPO services providers with 4.7 per cent in 2022.

Top cities offering data science jobs

The top three cities offering data science and analyst jobs with better career opportunities are Bangalore with 28.5 per cent share, Hyderabad with 11 per cent, and Delhi NCR with a share of 19.1 per cent. These three cities saw a good hike in the data science and analytics position, but cities like Pune with 0.5pp, Chennai with 0.3pp, Kolkata with 0.1pp, and Ahemdabad with 0.4pp show a slight decrease in the available jobs.

Core IT hub of India, Bangalore, offered 38,474 in 2021 and 51,149 in 2022, showing a growth of 32.9 per cent. Delhi had open jobs of 34,200 in 2022 and 7,861  in 2021. Mumbai’s gain of 40.2 per cent with 23,591 jobs in 2022 places it in the third position.

Hyderabad rules the chart by showing a 42.9 per cent hike in the number of posted jobs for data scientists and analytics. 

 Experience level

Seven to ten years of experienced professionals are in demand in data science and analytics. 46.4 per cent growth rate is seen in the available jobs for 7-10 years of experienced data scientists and analytics profiles. Job share for 0-2 years and less than one year experienced declined to 11.5 per cent and 8.9 per cent respectively.

Desired education qualification

Engineering graduates and MBA graduates are the first choice of companies for data scientist and analytics jobs. That is why more engineers are opting for a career in data analytics. The engineers are familiar with technology giving them the edge over non-technical professionals. 

The table below will give more insights into the qualification preference of the companies for data science jobs.

Streams Jobs
Engineering 56000
Non-engineering UG 35200
Engineering PG 25900
MBAs 17400
Non-MBAs 14400
PhD 14000
Others 16500

Distributions of Data Science and Machine Learning Jobs

Data engineer profiles contribute to 1/4 of the total data science jobs in the market. AI-related jobs have the highest share of deep learning roles. Data engineers’ profiles are more in demand than data scientists due to the need for digital transformation.

The highest number of jobs in this data science and AI sector is the business analyst role, which is 38,974. There are about 34,566 jobs for data engineer roles, 19,457 for data scientist profiles, 10,564 for deep learning profiles, 10,564, and 2,214 for AI/ML engineer roles.

The enclosed report will give more insights to the stakeholders and aspirants who want to opt for a career in data science. For more details, you can access the research report done by Analytics India Magazine and Imarticus Learning. 

Here’s how to get started with E-Learning Development

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Here’s how to get started with E-Learning Development

It is mistakenly thought that e-learning can be imparted by adding audio to PowerPoint presentations and posting them online. Also, e-books, videos, and PDFs do not constitute e-learning. True e-learning goes beyond this. 

 True e-learning is enabled by technology. In e-learning, technology is used in the design and development of the learning module, its delivery, the evaluation of the training, and also in its administration.  

e-learning development training programsE-learning development training has grown to be the second-most popular training methodology (only behind instructor-led training) and accounts for nearly a third of the training budgets.

The popularity of e-learning is growing, mainly due to its self-paced nature and the learn-anywhere convenience.

E-learning is especially suitable for organizations with a globally dispersed workforce, for whom traditional approaches to training would be too cumbersome and expensive. 

 Getting Started with E-Learning

Organizations embarking on their e-learning development journey can attempt this process in the following stages:

  • Introductory stage: It is best to commence with training that appeals to the employees.
  • Scaling up: Use this stage to standardize the processes.
  • Centralization: Transition to organization-wide learning.
  • Institutionalize: Graduate to embed learning in the organizational culture.

Like any change initiative, e-learning will have its share of naysayers. Before starting the implementation of e-learning, check for:

  • Need: Will e-learning contribute to the sale of your products or enhance efficiency?
  • Readiness: Are the organization and the people ready to embrace the technology? If not, prepare the organization and the people for this technology.
  • Availability of Infrastructure: Use a suitable Learning Management System (LMS) to support e-learning.
  • Content: Prepare e-learning content to meet targeted training objectives.

 Rolling Out E-Learning

E-learning can be rolled out in the following steps:

  • Use an open-source yet reliable LMS such as Moodle. 
  • Kick-start the e-learning initiative with mandatory programs, such as safety training.
  • Convert material from instructor-led training into the e-learning format incorporating the necessary design and functionality.
  • Pick an authoring tool based on the training need, the expertise available to use the tool, and readiness within the organization to adopt e-learning.
  • Initially, run a pilot of the e-learning program with a mix of students.

Implementation Challenges

Every stage of implementation comes with its unique set of challenges:

  • Introductory Stage: The factors that make this stage challenging are obtaining buy-in, integrating e-learning with the overall training framework, deciding the appropriate authoring tool, choosing an LMS, etc. This stage is best handled by starting small and with a training program relevant to most employees – for example, compliance or safety.
  • Scaling Up: Challenges during this stage include driving organization-wide adoption, balancing standardization and creativity, deciding on the quantum of outsourcing, etc. The challenges during the scaling-up phase are best addressed by focusing on process standardization and partnering with a training services provider.
  • Centralization Stage: The challenges in this stage involve increasing LMS usage, renewing content, updating the authoring tool, etc. These challenges can be overcome by nominating suitable people to champion e-learning and creating an e-learning-friendly organization.
  • Institutionalization: At this stage, it is crucial to have an analytics tool to evaluate ROI. Institutionalization is best achieved by identifying suitable people and assigning them the responsibility of making the organization e-learning friendly. 

Should E-Learning Be Outsourced?

If expertise is inadequate, then routine activities can be undertaken in-house. On the other hand, activities requiring specialized skills such as translation, development of videos, Flash to HTML5 conversion, etc., can be outsourced. 

 It is also better to outsource if the project is large. Outsourcing provides you with access to experts across various facets of e-learning, such as authoring tools, learning design, etc. With this available expertise, scaling becomes easier and faster. 

 Final Thoughts

E-learning is a highly cost-effective and efficient method of imparting training. With many e-learning service providers in the market, choosing the right one becomes critical.

 Imarticus Learning specializes in such partnerships and helps organizations gain cost savings, increased efficiency, and a significant competitive advantage. 

 Through its corporate development and training programs, Imarticus has trained over 35,000 professionals from leading firms such as IBM, KPMG, Genpact, Moody’s Analytics, Motilal Oswal, etc. 

Tableau V/S Excel: Who Will Win?

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 Tableau V/S Excel: Who Will Win?

The debate has been on for so long that no one remembers when and where it all began. But the question has always remained the same—is it better to use tools such as Excel or Tableau for analysis?

 Some people say that Tableau can easily beat Excel in anything. Some say the contrary side. Tableau and Excel are two practical tools for creating, developing, storing, and analyzing data. Businesses use both, but they have different features and functions. This post will look at some of the fundamental differences between Excel and Tableau.

The Basic Differences between Excel and Tableau

Excel is a 20-year-old software program that works with numbers. Tableau, in contrast, was explicitly designed for data analysis and visualization. The two programs also have different use cases; Excel works well when you perform calculations and generate reports based on your data, but it may not be as flexible as Tableau if you need to create interactive dashboards and narratives. Tableau allows users to drag-and-drop fields into visualizations, meaning they can customize their output much more quickly than Excel.

Why use Tableau when you can use Excel?

Excel is the most popular and influential application, especially when it comes to data visualization. Excel has been helping people create and analyze data for more than three decades now, making it one of Microsoft’s best products.

 But, despite Excel’s dominance in tech circles, there are many reasons people are starting to use Tableau instead, at least for specific tasks. Users say that their companies save about 30 percent on their monthly business intelligence costs using Tableau instead of Excel. 

Why use Excel instead of Tableau?

Tableau and Excel are currently two of your best options for data visualization software. Both of these programs have their unique benefits and drawbacks. Excel is one of Microsoft’s most popular tools because it’s free and works with all files (including PDFs, XMLs, and HTML files). You can use Excel for various purposes, like creating documents or analyzing numbers. 

However, using Excel on its own is not very efficient when creating beautiful infographics or advanced data visualizations. Instead, you need to use an add-on program like Adobe Illustrator or Microsoft Powerpoint, which requires more time and money for less sophisticated results.

Both have pros and cons in the ongoing war between Microsoft Excel and Tableau. Some say that Tableau has taken the tech world by storm with its easy-to-use functionality, while others believe that Excel still has a few tricks.

Learn data analytics online with Imarticus Learning

This placement assured tableau course will educate students on applying data science in the real world and creating complex models that produce crucial business insights and forecasts.

Course Benefits for Learners:

  • Learners should be familiar with data analytics, machine learning principles, and the most popular data science tools and approaches.
  • Students participate in 25 real-world projects and case studies conducted by corporate partners to obtain a tableau certification.
  • Data visualization with the tableau program is among the most in-demand abilities in today’s market, so recent graduates and early-career employees should consider enrolling.

Contact us through chat support, or drive to one of our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, and Gurgaon. 

Corporate Leadership: Here’s what you need to know

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Corporate Leadership: Here’s what you need to know

Corporate leadership involves directing the daily operations of the business and steering it towards its goals. Beyond the focus on operational and financial strategies and personnel matters, good corporate leadership also inspires the organization to imbibe a can-do mentality. It also requires current leaders to groom the next generation of leaders through suitable training and mentoring to ensure that the business keeps evolving and growing organically.

corporate leadershipTypically, corporate leadership comprises a management team and a board of directors. The board of directors is chosen by the shareholders and comprises select members of the management team and other directors.

The management team is responsible for working with the business’s workforce to deliver targeted business results.

On the other hand, the board of directors is not involved with the routine operations of the business. It is accountable to the shareholders and is expected to provide advice and counsel to the management team. The board mitigates the risk of fraud by following established corporate governance practices. 

 Essential Corporate Leadership Skills

 The skills that distinguish outstanding leaders from the rest include:

  • Strategic Skills: Good corporate leadership requires the leader to look beyond daily operations and direct the business’s operations to align with its vision and goals. Good leaders strategize to change the status quo and get the entire team involved and motivated to implement the business’s strategy.
  • Communication: People are enthused by leaders who communicate openly, transparently, and clearly. Leaders, through effective communication, need to be reassuring during tough times and elicit collaboration even when faced with difficult deadlines. Communication should convey confidence, balanced with humility and realism. It is also important for leaders to communicate their appreciation of good work and assume accountability for anything that might go wrong.
  • Fostering Partnerships/Relationships: Good leaders understand that businesses grow through joint manship. Therefore, they work on building and fostering relationships and partnerships across all levels of the organization and with customers and vendors.
  • Influencing Skills: The best leaders lead by influencing and not merely giving directions. Positively influencing the people in the organization conveys collaboration and collective responsibility, encouraging the adoption of the business’s vision and enhancing engagement and motivation. 

Developing Organisational Leaders

 Effective leadership also requires establishing a culture of learning. Corporate leadership skills training helps groom a leadership pipeline. It helps the organization keep pace with evolving technologies and changing workplace practices. 

Although individual strategies for corporate leadership training could vary among industries, the most commonly used tools include workshops, seminars, courses, coaching, simulations, mentorships, etc. 

 Corporate leadership training requires investments in time, money, and effort. The returns are obtained through enhanced productivity, greater engagement, lowered employee turnover, increased profitability, and competitive advantage. 

 A study conducted a few years ago surveyed over 13,000 business leaders and more than 1500 HR personnel drawn from 2031 organizations across the world. The study found that leadership training:

  • Increased productivity by 36%
  • 56% of leaders who received training were more engaged than 44% who did not receive any training
  • Leadership training increased customer satisfaction by 71%
  • Enriched the corporate culture

EndNote

Corporate leadership and executive management skills take time to be developed. The human resources and learning and development teams in organizations can no longer see themselves merely as administrators. They are the business’s partners and must draw up learning strategies and advise the organization on identifying and closing talent gaps through planned and structured learning programs. 

 Imarticus Learning can be an ideal partner for all the learning needs of your organization. We are a learning delivery organization with the expertise of working across industry verticals – financial services, analytics and AI, business analysis, and core technology. 

Imarticus has trained, through its corporate leadership development programs, over 35,000 professionals from leading firms such as IBM, KPMG, Genpact, Moody’s Analytics, Motilal Oswal, etc., to name a few. 

 We partner with businesses to identify the leaders of tomorrow and help them build on their leadership foundation to gain a competitive edge. 

The Advantages Of Having An Industry Certification In Supply Chain Management

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 The Advantages Of Having An Industry Certification In Supply Chain Management

Firms are increasingly embracing analytical standards to improve their decision-making capabilities and supply chain efficiency due to the complexity and increase of supply chain operations as a result of globalization. To compete in a competitive market climate and increase quality, a company’s supply chain managers must respond to disruptions quickly and effectively. A well-functioning supply chain ensures timely fulfillment of goods and services when catering to ever-changing client demands.

Higher employee efficiency rates, lower prices, better profit margins, increased outputs, and so on are all advantages of supply chain management for the firm. As a result, firms are always on the lookout for people who have completed certifications in supply chain management and wish to pursue a supply chain management career. 

In this post, we’ll go over the benefits of getting an industry certification in supply chain management and one of the top supply chain management and analytics courses for a successful supply chain management career.

Advantages Of Completing An Industry-Certified Supply Chain Management Course

There are various advantages of completing an industry certification in supply chain management, a few of which have been listed below:

  1. International recognition

Top worldwide organizations and MNCs recognize a certification in supply chain management certified by industry experts and councils. It is easier to advance a supply chain management career and work for an international organization if certifications are recognized internationally.

  1. More job opportunities

Once the industry accepts the certification, it opens doors to various job roles in that field. In the case of supply chain management, you can easily apply to any of the following job roles:

  • Business Analyst
  • Planning Manager
  • Director of Logistics Management
  • Distribution Manager
  • Director of Supply Chain Management
  • Global Procurement Manager
  • Commodity Specialist
  • Purchase Head
  • Supply Chain Manager

  1. Better pay scale

Employees who complete additional supply chain certifications get more job opportunities and better pay. Most of the time, the salary of already working employees is increased after the certification. If the graduate is fresh, they have a better chance of getting a higher package than other selected candidates. According to Glassdoor, the average salary of a certified supply chain manager is around 12 lakh.

  1. Well-informed decisions

As the global supply chain gets increasingly complex, the requirement for well-researched judgments has become vital. An industry-certified supply chain management training can help you learn important topics and make better judgments. A well-informed decision will help the organization meet its objectives, such as enhanced profit margins, firm efficiency, and sales. Companies are continuously looking for people who have finished a certification in supply chain management and can see difficulties in decision-making and leveraging market data.

  1. Keep up with the newest market developments

You’ll learn to deal with newer market developments if you take an industry-specific supply chain management and analytics course. It’s a terrific chance to stay on top of supply chain developments and put them into practice. It’s also the perfect time to keep up with new technology in the industry and take the lead within your organization. You may keep a close eye on each new development and improve communication with vendors, consumers, and your company.

Professional Certification In Supply Chain Management & Analytics Course By IIT Roorkee

The Professional Certification in Supply Chain Management and Analytics is an industry-certified supply chain management program developed in collaboration with Imarticus Learning by IIT Roorkee, CEC, and industry professionals to provide individuals interested in pursuing a supply chain management career with cutting-edge experience and knowledge.

Supply chain management courseThe Professional Certification in Supply Chain Management and Analytics course helps professionals make more data-driven decisions at the operational, strategic, and tactical levels.

This industry-recognized program prepares you for high-demand supply chains management positions such as supply chains manager, procurement manager, and demand planner.

Following are the various highlights of the Professional Certification in Supply Chain Management and Analytics course by IIT Roorkee:

  • Students who complete the 6-month certification in supply chain management will be rewarded with a certification from IIT Roorkee.
  • It allows you to schedule one-on-one mentoring sessions with industry leaders and experts to clear all your doubts and questions related to this ever-growing industry.
  • The Professional Certification in Supply Chain Management and Analytics course is conducted online by IIT experienced faculty members and guest sessions by supply chain management experts.
  • It follows a rigorous industry-oriented curriculum that teaches students job-relevant topics and skills to secure a high-paying, in-demand job.

Conclusion

Supply chain management is a rapidly growing sector due to the epidemic’s disrupted supply chain and globalization. The Professional Certification in Supply Chain Management and Analytics course is a 6-month program that helps students keep up with the latest market trends, learn essential supply chain management skills from IIT Roorkee faculty, and participate in a 3-day campus visit to IIT Roorkee. It is industry certified and follows an industry-oriented curriculum, allowing you to work for any top organization.

Please contact us for any queries or visit any of our training campuses in Mumbai, Thane, Pune, Bengaluru, Delhi, Chennai, and Gurgaon. 

13 Things About Incident Management In Cyber Security You May Not Have Known

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13 Things About Incident Management In Cyber Security You May Not Have Known

Cyber security attacks have become increasingly common in the modern digital world. As a result, an organization’s ability to manage and react to computer security events cannot be overstated. It is impossible to ensure that even the most advanced security systems will be able to prevent invasions or other hostile activities. 

Incidents may be contained and the cost of recovery reduced if a company is quick to hire a cyber security expert. Cyber security incident management can help prevent such hostile invasions. There are various courses and programs available that can help you become a cyber security expert. 

For example, beginner cyber security certifications help individuals acquire the skills they require to become top-level cyber security experts.

cybersecurity courseNot only this, but other cyber security courses like certificate courses in ethical hacking and cyber security also help individuals gain extensive knowledge and skills required to become a top-notch cyber security experts.

With that said, here are 13 things you may not have known regarding cyber security incident management. 

  1. The goal of cyber security incident management

One of the primary functions of real-time cyber security incident management is to detect threats and occurrences and respond to them in real-time. Its goal is to provide a clear and complete picture of any IT security threat. 

  1. Benefits of cyber security incident management 

In the case of a cyber-attack, good incident management may minimize the damage and possibly prevent it from occurring. It can prevent a huge number of data leaks. 

  1. Risk mitigation 

An organization that does not have a robust incident response strategy is vulnerable to a cyber-attack in which all of the company’s data is compromised. Knowledge and experience are both important to mitigate the risk. 

  1. Types of security breaches 

Security incidents may range from an active threat or an attempted attack to a successful data breach. Security events include policy breaches and illegal access to sensitive information, such as health, fiscal, personal data, and protected information records.

  1. How companies deal with cyber security threats 

Cybersecurity threats continue to rise in quantity and complexity, so companies implement procedures that enable them to quickly detect these sorts of events, react to them, and mitigate them while also becoming more resilient and defending themselves against future attacks.

  1. Functions of an incident response team 

As soon as an event occurs, the incident response team is called in to investigate and respond to it. The incident response team uses equipment, software, and human investigation and analysis to handle security incidents. The incident responders determine the scope of the event, the extent of the damages, and the development of a mitigation strategy.

  1. How security incident management works 

As a starting point, a thorough analysis of an abnormal system or irregularity in system or data behavior, or user behavior may be conducted. Members of the law enforcement community are called in. Executive management and a public relations team may be involved in making a public statement if the event includes the disclosure or theft of sensitive customer information.

  1. Why the incident management approach is top-notch

An incident management approach is critical to limit recovery costs and possible liability and, most importantly, to minimize the harm to victims (both at the personal level and the organizational level).

  1. Evidence gathering

It is essential to always gather evidence and assess forensics as part of incident response. The incident management approach relies on an established procedure for gathering evidence and ensuring its accuracy and sufficiency so that it may be used as evidence in a court of law.

  1. Cyber Forensic and IRT

The capacity to use forensics for analysis, reporting, and inquiry is also critical. The members of the IRT must be well-versed in cyber forensics, functional methodologies, and the legal and governance aspects of cybercrime investigation. Well-developed security incident management process is essential to creating an effective security incident management strategy.

  1. Importance of incident management strategy

Security incident management strategy that includes rules and procedures for detecting, reporting, assessing, and responding to occurrences must be implemented. It should be prepared with a checklist. The security incident management strategy must be updated regularly to include lessons gained from previous occurrences.

  1. Clear defined roles for IRT

Incident Response Teams (IRT) are given clearly defined roles and duties. Functional responsibilities in the IRT include those in the areas of finance, legality, communication, and operations.

Security incident management procedures must be regularly practiced and rehearsed. This enhances the team’s capabilities and keeps them on their toes.

  1. Post-incident analysis

Post-incident analysis should be performed after every security event to learn from any successes or failures and adapt the program and incident management procedures.

Conclusion 

Incident management professionals are starting to recognize that their interactions lead to stronger defenses for preventing or defeating harmful or unauthorized behavior and threats. If you are interested in becoming a cyber security expert, sign in for Imarticus Learning Programs. It is one of the best platforms for future data science experts. 

You can also contact us through our chat support or meet us at our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, and Gurgaon. 

How they got there: Transitioning to Investment Banking Operations

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How they got there: Transitioning to Investment Banking Operations

What is Investment Banking?

Investment banking is a section of banking that exclusively deals with capital creation for governments, companies, and any other entity in the position to influence the capital market. Its activities comprise equity securities and underwriting new debt for corporations. It also facilitates mergers and acquisitions, reorganizations, and the sale of securities. The investment broker in this case trades for both private investors and institutions. Professional and skilled investment bankers assist governments and corporations to manage and plan the financial angles of big-budget.

If you are interested in bagging investment banking jobs in the future a few more dimensions of this profession.

Investment banks largely help government bodies and big firms to manage and plan large projects, assist in complex monetary transactions and help pre-empt possible risks associated with the projects thereby saving the time, effort, and money of their clients.  

Role of Investment Banker

Now that you have obtained a brief idea about investment banking, you are probably wondering what the part of an investment banker is after completing an investment banking course?

As mentioned above investment bankers are those crucial individuals who act as the bridge between the investor and the big projects. They are financial experts who need to be in step with current trends in the financial world. Businesses, firms, and governments will turn to an investment banker for solid advice and they will be required to modify their recommendations and game plan to suit the current climate of economic affairs in the macroeconomic world.

The Link Between Rothschild Family and Investment Banking

Rothschild and Co. is an investment bank and financial services provider of a multinational stature. The flagship Rothschild group is under the reins of the British and French branches of the Rothschild family. The banking and financial services firm is over two centuries old and is known to serve the financial needs of the British Royal family.

The Rothschilds come from an influential banking legacy that traces its origins back to Frankfurt. The empire was put together way back in the 18th century by Mayer Amschel Rothschild with his five sons, James, Nathan, Saloman, Carl, and Amschel. The Rothschilds are considered stalwarts when it comes to international finance development with branches in Vienna, London, Naples, and Paris.

They started as a small business family with investments in foreign exchange and trading goods and slowly over the decades grew in stature. They have by now also been an intrinsic part of big projects such as the building of notable tunnels, bridges, and the very famous Suez Canal. Currently, Rothschild’s wealth and influence are distributed among their heirs living in different parts of Europe and their holdings span a plethora of industries ranging from real estate, financial services, energy, mining, and charitable work.

Aside from Rothschild & Co, here is a list of the top investment banking firms worldwide

  • Goldman Sachs

A 150-year-old company with more than $2.5 trillion in assets

  • JP Morgan Chase & Co.

One of the largest financial institutions is made up of two divisions; the Chase side which handles commercial banking and business and the JPMorgan side which is completely involved in investment banking.

  • Barclays

It is a huge investment banking firm in the UK and the US with $1.4 trillion in assets

Credit Suisse

Starting in 1856, it is one of the biggest Swiss banks known for its privacy policies and professionalism with USD 1.75trillion in assets.

  • Deutsche Bank

It is one of the top 10 investment banking institutions in Europe with 1.3 trillion assets in Euros.

Skills Required to Become an Investment Banker

To become a certified investment banking operations professional, you will need the following skills:

  1. A strong intellect for grasping the aspects of mathematics, analytics, economics, and finances
  2. Diligence and self-discipline to stick it out in a highly demanding work environment
  3. Creativity to approach your task in an innovative way
  4. Open-mindedness with proficiency to communicate in more than one language will make you a desirable candidate in the world of investment banking
  5. Academic inclination towards anthropology, sociology, and linguistics are characteristics that are highly sought after
  6. The ability to strike up conversations, foster new connections, and build life-long relationships are key skills that are looked for in an aspiring investment banker

About Certified Investment Banking Operations Professional (CIBOP)

If you have set your mind to become a full-time investment banker then a certified investment banking operations professional course is tailor-made for you. This course offered by Imarticus amongst many other institutions aims to equip you with all the skills required to become an expert in 180 hours. When you enroll in this investment banking course, you will have the following perks:

  • Pick up on job-specific skills
  • Get an opportunity to explore investment banking jobs in one of the biggest placement drives
  • Be awarded a Euronext Group endorsed CIBOP certificate
  • Get to experience 360-degree learning with trading simulations in live sessions

Conclusion

With a certificate in certified investment banking operations professional from a reputed institution, you will be one step closer to your dream of working as an investment banker in some of the biggest firms in the world.

What Is Third-Party Risk Management And Mitigation?

Posted on by Imarticus Learning

What is third-party risk management?  

Third-party risk management identifies and reduces risks related to third parties. Third parties might be vendors, contractors, suppliers, service providers, etc. Investment bankers in India must do their due diligence to determine third-party service providers’ efficiency, authenticity, and suitability before outsourcing any work to them. This allows banking professionals to check the extent to which they can trust third-party suppliers.

Third-party risk management is necessary to lower the risk factors of data breaches and vendor bankruptcy and meet regulatory requirements. Banking aspirants can excel in this field by completing training courses on risk management from Imarticus Learning. 

Need for risk management 

Any business is liable for third-party breaches, and inadequate risk management can lead to severe consequences. Legal and regulatory requirements and bribe regulations apply to third-party vendors, too. Any glitches in the procedures or formalities will lead to a massive financial crisis. More importantly, the firm’s reputation will be affected badly.

Risk management plays a very critical role for organizations, so a business with a robust third-party management risk factor program will be an essential requirement. High risks, such as cyber-security attacks and data breaches, are generally from third-party vendors. Regardless of the company’s risk managing capabilities, a third-party risk management process is indispensable. Internal assessments should be a part of daily audits that will assess risk probabilities within the firm due to external factors.

Risk management in banking 

The following are the 3 essential categories of risks in banking: 

  • Credit Risks 
  • Market Risks 
  • Operational Risks 

With increased fluctuations in markets and ever-growing competition, risk management in banking has begun to gain momentum in the banking sectors of India. The practice has increased the efficiency of Indian banks and has also encouraged corporate governance and management. 

How banks manage risks

By making great advancements through tech and securing a robust environment, the Indian banking sector has developed its working style to ensure proper risk management and mitigation. 

Here are some ways that banks manage risks:

  • Credit risk management: This is an important type of risk management in banking that involves consultations and taking the consent of senior officials. It includes the formation of a credit policy economy and techniques such as risk rating, loan review mechanism, credit approving authority, etc.
  • Market risk management: This type of management deals with market risks such as fluctuations in interest rates, foreign exchange rates, etc. It is done by the asset-liability management committee, whose roles entail setting up an independent middle office and creating robust market risk policies.
  • Operational risk management: It is done by making analytical studies, assessing risks at regular intervals, and quantifying potential risks. 

The demand for investment bankers in India

There is an increasing demand for. Investment bankers act as bridges between private or public firms and investors. These banking professionals have numerous responsibilities in financial processing and are required for efficient risk management. 

Investment bankers work in teams that comprise managing directors, vice-presidents, presidents, and analysts. They generally: 

  • Prepare research reports on financial data and analysis. They also edit, review and present research reports, pitchbooks, PPT presentations, and documentation. 
  • Advise companies on securities, underwrite municipal bonds, and carry out company evaluations. 
  • Offer guidance on risks and other financial trends and projects. 

As an investment banker in India, you will be able to work with high-profile businessmen, directors, and influential investors. You will be treated on par with the firm’s directors, president, and other high-level associates. Along with this, you stand to receive a huge compensation: investment bankers earn around INR 9 lakh per annum on average. 

Investment bankers are in extreme demand, with analysts working for 100 hours a week. 

How to become an investment banker in India

Banks and firms often seek excellent investment advisors and analysts to increase their growth. The demand for investment bankers in India has increased substantially, which comes with the requirement of skills, experience, and dedication. As such, risk management courses have become a basic necessity for becoming an investment banker. 

Training courses and certifications in risk management will help you sharpen your abilities and skills. They expose you to the inner workings of the banking field, making them a basic requirement in many top firms.

Among the various risk management courses, Imarticus stands out for its ability to provide a unique learning environment. With over 8000+ placements, there has been a salary hike of nearly 60% with a job assurance. Get in-depth knowledge of skills in investments and other job-relevant skills. 

For more information on industry-relevant risk management courses, contact Imarticus today. 

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