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Author: Imarticus Learning

Supervised learning: How its impacting the future

Posted on by Imarticus Learning

There is a continuous need to stay ahead of the competition in the corporate world. It is especially true in technology, where we have new advances every day. One area where you can see a lot of growth in recent years is supervised learning. 

Supervised learning is a machine learning algorithm that allows computers to learn from data that humans have labeled. This type of learning is becoming increasingly important as businesses strive to automate more and more tasks. This blog will discuss the basics of supervised learning and explore how it impacts the industry’s future!

An overview of Supervised Learning

Supervised learning algorithms are a type of Machine Learning algorithm that is used to learn from labeled training data—supervised learning targets to build models that can generalize from the training data to make predictions on unseen data.

According to recent research, supervised learning will become one of the essential technologies for businesses in the next few years. It is because supervised learning algorithms can automatically learn and improve from experience. 

You can see the benefits of this technology in many industries, including healthcare, finance, and retail. For example, hospitals use supervised learning to develop better treatment plans for patients. 

Banks are using supervised learning in the financial sector to detect fraudulent activity. And in the retail industry, e-commerce companies are using supervised learning to personalize the shopping experience for customers.

You can also use supervised learning algorithms to develop self-driving cars, defeat Go champions, and outperform humans in reading comprehension.

How supervised learning impacts the industry’s future?

With data and computing power increasing, supervised learning will become more widely used and refined. It could lead to supervised learning becoming even more effective and efficient. It is an exciting time for this field of machine learning.

Supervised learning is already having a significant impact on the future. Additionally, it helps develop new technologies, such as driverless cars and personal assistants. As supervised learning becomes more refined and widespread, its impact on the future will only become more significant.

Some potential applications of supervised learning in the future include:

  • More accurate medical diagnoses
  • Improved financial predictions
  • More efficient manufacturing processes
  • Faster development of new technologies
  • Better personal assistants

The future of supervised learning looks very promising. With its many potential applications, it will significantly impact the future. Exciting times lie ahead for this field of machine learning.

Discover AI and Machine Learning courses  by Imarticus Learning

The E & ICT Academy, IIT Guwahati, and the most significant industry experts come together in this Artificial Intelligence and Machine Learning certificate. This artificial intelligence course will assist students in preparing for data scientists, data analysts, machine learning engineers, and AI engineers.

Course Benefits for Learners:

  • Prepare for a fascinating career in data science by completing 25 real-world projects that give you industry expertise.

  •  Impress employers and display your skills with an E & ICT Academy, IIT Guwahati, and an Imarticus Learning-endorsed certificate.

  •  This machine learning course will assist you in seizing lucrative job possibilities in the hot fields of artificial intelligence and machine learning.

What’s the value of an executive program in investment management?

Posted on by Imarticus Learning

An executive program in investment management can provide you with the skills and knowledge you need to succeed in the field. They offer a comprehensive overview of investment management, from portfolio construction to risk analysis. In 2022, executive programs in investment management will be more valuable than ever before. This blog will discuss the benefits of these programs and why they are so important.

An executive program in investment management is a comprehensive overview of the field. These programs are for experienced professionals who want to take their careers to the next level. They offer a wealth of knowledge that you can use in your career.

Benefits of an Executive program in Investment Management

There are many benefits to pursuing an executive program in investment management. Here are some of the most important ones:

Comprehensive Overview: An executive program in investment management will give you a comprehensive overview of the field. You’ll learn about all aspects of investment management, from portfolio construction to risk analysis. This knowledge will help you become a more well-rounded investment professional.

Real-World Experience: An executive program in investment management will also give you real-world experience. You’ll work with experienced professionals and gain hands-on experience with different investment strategies. This experience will be invaluable when it comes time to start your investment firm or manage investments for a company.

Networking Opportunities: Finally, an executive program in investment management will give you access to many networking opportunities. You’ll meet other investment professionals worldwide and build valuable relationships that can help you advance your career.

So, what’s the value of an executive program in investment management?

In 2022, it will be worth your time and investment. An executive program in investment management can help you become a more knowledgeable and successful investment professional. IIM Calcutta investment banking Course will also provide you access to valuable networking opportunities that can help you advance your career. Don’t miss out on this opportunity – sign up for an executive program in investment management today!

Discover a career in investment banking with Imarticus Learning

The IIM Calcutta is one of the world’s top institutions for educating finance professionals. The IIM Calcutta investment banking and capital market certificate program will emphasize the fundamentals and more complicated debt, equity, and investment banking principles. 

Imarticus Learning is proud to be associated with IIM Calcutta, the first national institute for postgraduate studies and research in management. The program employs methodologies such as case studies and examples from the recent capital market and corporate finance events to help students accelerate their learning journey.

Course Benefits For Learners:

  • The investment management executive program engages students by integrating current market examples and case studies.
  • The IIM investment banking course will assist students in achieving their goals and obtaining entry-level financial sector employment.
  • The IIM investment banking certification is ideal for individuals interested in progressing their financial sector careers.

Blockchain in Fintech: A catalyst for future success?

Posted on by Imarticus Learning

Blockchain: An Overview 

A blockchain is a distributed, digital and permanent ledger that helps record transactions and track assets across the entire network of computer systems present on the blockchain. 

The technology has added a new aspect to the fintech landscape and offered huge possibilities to the industry of fintech by making crucial changes to business enterprises. 

How Is Blockchain Revolutionising The FinTech Industry? 

Undoubtedly, blockchain is the backbone technology that is revamping the FinTech industry. 

Below mentioned are the ways in which blockchain technology is revamping the fintech industry.

 

  • Creating a digital identity: 

 

Though banks have a strict KYC check, fraudulent accounts are on a constant hike. Here comes the role of blockchain, where users can manage identity data, share data with others without compromising security, and sign documents digitally. 

 

  • No third party interferences: 

 

There are chances for things to go wrong in case of multiple parties’ validations. With blockchain technology in place, payments can reach the vendor directly without any halt. 

 

  • Protects from fraudulent activities: 

 

Being decentralized in nature, blockchain technology keeps from providing access to other people. It cannot be altered in any way possible, making every record protected. 

 

  • Enhances trade accuracy: 

 

The merging of blockchain technology in the financial sector has rescued traders from troublesome counterparty checks. Through blockchain, the risks associated are reduced, and trade accuracy is enhanced. 

 

  • Crypto lending: 

 

One of the USPs of blockchain technology, which helps you hold money without the need of a bank. You can hold the crypto money in digital form with a digital wallet after investing in cryptocurrencies. 

Challenges Addressed by Blockchain in FinTech Industry  

Blockchain has the power to make business operations secure, transparent, efficient, and democratic. 

  • Trustability: 

When users perform any action on the fintech applications, they are unaware of what is happening on the other side, which creates chaos and anxiety about identity theft. On the other hand, blockchain redresses the problem with transparent working. 

  • High operation costs:

Time is often considered as money in the financial sector. Blockchain technology reduces the high operational costs by cutting down the time involved and reducing the dependency on third parties. 

  • Slow process: 

The involvement of various third parties in the finTech industry delays the overall process, which results in an unstable business economy. This is another challenge addressed by blockchain technology. 

Discover Financial Technology Courses with Imarticus Learning

Our financial technology course helps students: 

  • Practical application of learnings to real business problems and scenarios.
  • Get an in-depth understanding of every critical aspect of FinTech along with hands-on training.
  • Stay updated on the latest fintech industry practices by accessing resources powered by research, knowledge, and tech partners such as Rise Mumbai and Automation Anywhere, among others. 
  • Get full-time fintech career-ready by working on group projects and open bookcase study-based tests that test your fintech knowledge and application in a theoretical decision-maker role. 
  • Get access to fintech networking webinars, job boards, and events to leverage your fintech learning fully and unlock career opportunities.  

Conclusion 

Ideal for students with a bachelor’s degree in finance background, this elite Financial Technology Course is bound to take your finTech career to heights you have never imagined!

With the availability of Financial Technology courses online, it has become convenient for learners to gain access to information about each and every element of the FinTech domain. 

For any queries, please do not hesitate to Contact Us or drive to one of our training centers in Mumbai, Pune, Thane, Chennai, Bangalore, Delhi, and Gurgaon. 

The powers of distributed cloud computing every software engineer should know

Posted on by Imarticus Learning

We all have heard about cloud computing when it comes to computing power or even data storage. It is needless to say that science and technology are evolving and getting better with each passing day. Distributed cloud is being considered the next step of cloud computing.

Anyone who has taken a cloud computing course will suggest that for a business to run successfully, it is highly recommended to make a shift to cloud computing. With the advent of distributed cloud computing, a business can reap innumerable benefits. 

Understanding distributed cloud computing

The main purpose of distributed cloud computing is interconnecting applications and information which is served from varying geological locations. It is actually a public cloud computing service with which you will be able to operate public cloud infrastructure in different locations.

The best thing about distributed cloud computing is that the whole thing gets controlled and managed from a single control panel. With a distributed cloud service, operations will become closer to customers physically and this results in low latency. Along with improving performance, there is a reduction in the risks of network-related outages. 

Powers of distributed cloud computing which every software engineer should know

Distributed cloud computing is becoming a popular choice with software engineers for the various powers and advantages which come with the services. Here are some of the advantages of distributed cloud computing:

  • Auto-updates – With distributed cloud computing, you will get updates about the changes and latest developments along with the auto-update of the software. There is automatic software integration. And, there is no worry about integrating and customizing applications. Most importantly, remote employees will be able to access cloud services at any time of the day and from any location. This boosts their productivity levels.

  • Data backup – Data loss is a matter of grave concern for any organization. Therefore, it is important to ensure that proper data backup is done. A great advantage of distributed cloud computing is that you will be able to recover data easily and quickly. When it comes to an on-premise setup, this turns out to be quite time-intensive.

  • Unlimited storage – Whether it is distributed cloud or otherwise, you will always get the benefits of unlimited storage. You do not have to worry about space for storing your data. More importantly, this is scalable. It is possible to expand your storage capacity in the cloud. You just have to pay a minimal fee.

  • Quick deployment – Deploying the service hardly takes a few seconds. In cloud computing, the work gets done with just a few clicks. The services are extremely fast and this helps in the quicker deployment of resources which are required for the whole process.
  • Cost efficiency – It is a great thing about distributed cloud computing. You save on infrastructure, hardware, teams, etc. The saved bandwidth of employees can be utilized in some other place. 

Financial technology certification with Imarticus Learning

With the FinTech course, students have a great learning experience. By enrolling in this course, you will acquire FinTech knowledge not only through theoretical classes but with hands-on training from various experts in the industry.

The course also includes projects and real-world case studies involving modern technologies like cloud computing and blockchain. Just completion of the course is not the motto of Imarticus Learning, students remain updated on the latest advancements that are taking place in the industry by attending various webinars, networking events, and job boards. 

Conclusion

By taking this course from Imarticus Learning, students are sure to excel in their professional fields. To learn more about Imarticus Learning, explore the official website. 

Supply chain planning: Learn 6 applications of big data in supply chain management

Posted on by Imarticus Learning

It is not hidden from anyone that today’s world is very competitive and the marketplace too. In the world of globalization, Higher customer expectations, and constant development of activities in the marketplace, you need to always be a step forward from your competitors. That’s what the whole point of logistics and supply chain management courses and big data is. 

What is big data? 

Big data is explained as a huge set of data that can capitulate or encompass more than an exabyte of data. it makes the traditional systems and applications useless in handling, overseeing, visualizing, and capitulating data in a structured and statistical format. That is why people take up SCM professional certifications so that they can get a better understanding of big data and its relation to the supply chain. How is big data connected with supply chain planning and management is a key feature to understand before you take up any certification for supply chain professionals?

What is the relationship between big data and supply chain planning?

Many organizations try to make changes and upgrade their Big Data Analysis (BDA) capabilities for its obvious benefits. The certification for supply chain professionals gives you that upper hand so that you can be the person the organization needs when they want to manage and handle their data effectively and efficiently.

Currently, the ‘5V’ type of big data is being used by most organizations as it contains 5 key features of big data. These key features can be categorized as:

  • Variety
  • Veracity or verification
  • Velocity
  • Volume
  • Value

The understanding of these 5 V’s is very important whenever you are thinking of taking up any logistics and supply chain management courses. as it has been told already that big data has a very important role to play in the management of the supply chain. 

6 major applications of big data in supply chain management

The applications of big data in supply chain management can be learned by certification for supply chain professionals. Big data performs major applications in supply chain management which can be stated as follows:

  1. Prediction of inventory: it is considered to be one of the most important applications of big data in supply chain management. Big data helps organizations to calculate and credit the inventory required for the upcoming period.

  2. Control of product quality and temperature: industries like food, agriculture, pharmaceuticals, and chemical processing need to sincerely monitor and observe a few distinct features of their supply chain, among which is product quality and temperature, in which they need to be kept. Big data helps organizations to have an idea of the same.

  3. Real-time tracking and fulfillment of order: nowadays free sign your order and effective order full payment is a key feature of any supply chain. The inclusion of big data helps organizations to see the traceability of their orders and the fulfillment of each of them.

  4. Maintenance of machines: machines are a very integral part of industries and supply chains in today’s time. Big data has its role here as well. It helps the industrialist to maintain their machines and know the depreciation, the value of the machines, or when to repair them as per the calculation of machine life.

  5. Keep moving the supply chain: big data has an important role in circulating the movement of the supply chain and that’s what makes it unique for the management of the same.

Conclusion

Although investing in big data can be a tricky option for organizations, the outcomes and the benefits of big data Bend on the heavier side. Therefore, if you are looking for logistics and supply chain management courses, then the course of professional certification in supply chain management and analytics by Imarticus in collaboration with IIT Roorkee is the one for you.

An insight into self-supervised learning

Posted on by Imarticus Learning

A subtype of machine learning and artificial intelligence is supervised learning. It is characterized by its reliance on labeled datasets to train algorithms capable of reliably classifying data or forecasting events.

An approach known as self-supervised learning uses unlabeled input data to produce a supervised learning method.

There is plenty of unlabelled data to choose from. Self-supervised learning is motivated by the desire to first acquire usable data representations from an unlabelled sea of information, and then tune those representations by labeling them for a supervised learning method.

Principle of Working

Self-supervised learning relies on the structure of the data as a source of supervisory signals. With self-supervised learning, the goal is to make predictions about inputs that are either unobserved or concealed, based on the inputs that are both visible and invisible.

Importance of Self-supervised Learning

To predict the consequences of unknown data, supervised learning needs labeled data. Large datasets, on the other hand, maybe required in order to construct proper models and arrive at accurate predictions. It may be difficult to manually identify huge training datasets. When dealing with large volumes of data, self-supervised learning can manage it all.

Computer vision tasks that use OpenCV and Convolutional Neural Networks are often performed via self-supervised learning. Self-supervised learning may enhance computer vision and voice recognition systems by reducing the need for example instances, which are necessary for building correct models.

Human supervision is required for supervised models to function properly. There are exceptions to this rule, though. Reinforcement learning may then be used to encourage machines to start from scratch in situations where they can get instant feedback without causing any harm. However, this may not apply to all situations in the actual world. 

Prior to making decisions, human beings may consider the repercussions of their actions, and they don’t need to experience every possible outcome to make a decision. Even machines have the ability to function in the same manner. Self-supervised learning takes over now. It creates labels without human participation and allows robots to come up with a resolution on their own.

Applications of Self-supervised Learning

Computer vision and Natural Language Processing (NLP) are the primary areas of application of self-supervised learning systems. There are other areas where self-supervised learning is applied. Most of them are mentioned below:

  • It is used for coloring images in grayscale
  • It is used for filling up missing gaps in pictures, audio clips, or text
  • It is used in surgeries to predict the depth of cut in the healthcare industry. It also provides better vision in medical visualization by colourisation using computer vision
  • It is used in self-driving cars. The self-supervised learning technique allows the car to calculate the terrain on which it is and also the distance between other cars
  • It is used in ChatBots as well

Conclusion:

Using self-supervised learning for voice recognition has shown encouraging results in recent years and is now being employed by companies like Meta and others. Self-supervised learning’s main selling point is that training may be conducted with data of lesser quality while still boosting final results. Using self-supervised learning mimics the way people learn to identify items better. 

Learn machine learning & AI with Imarticus’ AI & machine learning certification. This is an all-inclusive program that covers all the tools widely used in the domain of data analytics and machine learning in just 9 months.

To assist candidates in developing into skilled data scientists, the curriculum includes real-world business projects, case studies, and mentoring from relevant industry leaders. Secure your AI & Machine Learning Certification now by clicking here.

The necessity of an executive program in investment banking

Posted on by Imarticus Learning

With new technology and ever-changing markets, it is more important than ever to have an edge over the competition. That’s why an executive program in investment banking will be essential in 2022. This blog post will discuss why an executive program is so important and how you can get started!

To meet these challenges, investment banks need to have a highly-skilled workforce. And that’s where an executive program comes in.  This program will give you the skills to succeed and the connections you need to thrive in this ever-changing landscape.

Investment banking is an industry that is constantly changing. To be successful, you need to have the latest information and adapt to new situations quickly. 

The need for an executive program in investment banking in 2022

The industry is evolving rapidly, and the competition is fierce. You can set yourself apart from the rest and position yourself for success with the right program.

The challenge facing investment banks today is two-fold: first, they need to keep pace with the ever-changing landscape of finance, and second, they need to attract and retain the best talent. An executive program in investment banking can help banks achieve these objectives.

How will the executive program benefits participants and the industry as a whole?

The investment banking industry is one of the most complex and challenging industries. Investment bankers are constantly under pressure to perform at a high level and meet deadlines. They also have to deal with a lot of financial information and data. As a result, investment bankers need to have strong analytical and problem-solving skills.

The executive program in investment banking will benefit participants in several ways.

  • It will give them a good understanding of the industry and how it works. 
  • Aspirants will learn about the latest trends and developments in the industry. 
  • They will also be able to network with other investment bankers and learn from their experiences.
  • It will help create a pool of talented and skilled investment bankers who can contribute to the industry’s growth and development.
  • In addition, the program will help improve the image of investment banking and make it more attractive to potential participants.

Overall, the executive program in investment banking is a necessary step to ensure the industry’s continued success. It will benefit both participants and the industry as a whole. If you are thinking about a career in investment banking, this program is definitely for you.

Discover a career in investment banking with Imarticus Learning

The prestigious IIM Calcutta offers the world’s most prestigious Investment Banking and Capital Markets curriculum. This course will teach students the foundations and advanced ideas of debt and equity capital markets and investment banking.

Course Benefits For Learners:

An introductory guide to financial planning and analysis course in 2022

Posted on by Imarticus Learning

Are you looking to gain a comprehensive understanding of financial planning and analysis? A course in 2022 may be perfect for you! This introductory guide will give you an overview of what you can expect from the system and help you decide if it is the right fit for your career goals. This course will teach you how to create effective financial plans and analyze financial data to make sound business decisions. If you want to start your career in finance, this course is a great place to start!

The basics of financial planning and analysis:

As you may know, financial planning and analysis (FP&A) is a process businesses use to decide where to allocate their resources. FP&A professionals must have a strong understanding of financial principles and accounting practices to make informed decisions.

This course will gain a comprehensive understanding of financial planning and analysis. You will learn how to create financial plans, analyze financial data, and make sound business decisions. This course is perfect for anyone looking to start or further their career in finance! 

What is the scope of the financial planning and analysis course?

The scope of a financial planning and analysis course can be pretty vast. It can include topics like financial statement analysis, forecasting, and budgeting. The course might also touch on issues like risk management and investment analysis. Financial planning and analysis courses can be very beneficial for those looking to pursue a career in finance or accounting.

What are the benefits of financial planning and analysis courses?

Financial planning and analysis courses can provide you with the skills and knowledge necessary to manage your finances effectively. The ability to plan and analyze your financial situation can help you make informed decisions about your spending, saving, and investing.

In addition, financial planning and analysis courses can help you identify opportunities for improving your financial situation. By taking a financial planning and analysis course, you can learn how to create and maintain a budget, save money, reduce your debt, and invest in your future.

Financial planning and analysis courses can also help you develop risk management strategies. By learning about different types of risks, you can better protect your assets and minimize your financial losses.

Overall, taking a financial planning and analysis course can provide you with the tools and knowledge necessary to make strong financial decisions. If you are looking to improve your financial situation, a financial planning and analysis course may be right for you.

Discover Fintech courses with Imarticus Learning:

This course adds to your FinTech expertise through hands-on training from industry experts, real-world case studies, and projects that use technologies like Blockchain and Cloud Computing. Furthermore, it provides you with valuable interaction opportunities with FinTech sector leaders and entrepreneurs.

Course Benefits for Learners:

  • Financial technology courses will educate students on applying machine learning algorithms and blockchain technology to their business needs, ensuring that they are well-equipped!

  • The future of Fintech is bright, and students can stay up to date on the newest advances by attending networking events, job boards, or webinars.

  • With this fantastic new resource, students will have access to some helpful tools that can assist them in finding their dream job after graduation!

5 powerful ways to upgrade your email marketing campaigns

Posted on by Imarticus Learning

Briefly stated, “Digital Marketing” refers to any marketing strategies that are performed using electronic devices that make use of some type of computer to execute the marketing campaign. This covers any marketing initiatives that are carried out on the internet. When undertaking Digital Marketing, a company may use a variety of channels to contact consumers, including websites, search engines, social media, email, and other similar channels.

“Conventional Marketing”, on the other hand, is a static activity. Digital Marketing provides for interactive communication between a business and its existing or potential customers, unlike billboards and print advertisements that only serve as one-way communication.

Many individuals are spending an unprecedented amount of time in front of their screens these days. As a result, digital marketing makes use of this fact, advertising company goods and services over the internet. 

From small businesses to huge corporations, a multidimensional strategy for digital marketing may provide major economic advantages for all types of enterprises. Generally, a successful digital marketing plan includes a mix of multiple tactics, such as online advertising, social media marketing, search engine optimization (SEO), and producing content, among others.

What is Email Marketing?

Email marketing is the practice of conveying a commercial message, usually to a group of individuals, by email. The term “email marketing” may be used broadly to any electronic mail sent to a prospective or present consumer. Email marketing is the practice of utilizing email to promote or seek business. Loyalty, credibility, and brand recognition are among the most typical goals of email marketing campaigns.

Typically, the word relates to sending email communications to existing or prior customers, increasing loyal buying behavior, gaining new consumers or persuading present customers to buy something quickly, and distributing third-party advertisements.

5 Ways to Improve your Email Marketing Campaigns

In spite of forecasts over the years that email marketing will be phased out or replaced, that day has not yet arrived. In reality, email marketing continues to be one of the most successful methods of communicating with both new and current clients. 

Here are 5 ways you can upgrade your Email Marketing Campaigns:

  • Behavior-based segmentation should be used in emails.
  • Make use of material that is dynamic and appealing to the reader.
  • The email preview text should be used to its fullest potential.
  • Being concise, yet giving readers the choice to continue reading or to learn more about the topic.
  • Ask your customers for their thoughts and ideas so that you engage them better.

Why this Course?

It is Imarticus’ vision with their Digital Marketing course to provide candidates with a thorough and deep review of Digital Marketing ideas in a more practical setting. The program has a highly collaborative approach, with more than 220 hours of training that emphasizes the completion of several capstone projects, preparing candidates for digital marketing interview questions and answers, the development of job-ready skills, and the placement of graduates so that they excel in their Digital Marketing Career.

Conclusion:

It is the goal of any firm to use digital marketing tactics and shift its growth to the internet marketplace. This enables them to produce fantastic leads for the business as a result. This is enabled by the enormous need for digital marketing professionals that have a thorough grasp of the field.

So no more searching for “best Digital Marketing course near me” on the Internet as Imarticus’ Digital Marketing course is all you need to become a successful Digital Marketer. Do not miss this opportunity as Imarticus’ Digital Marketing course is one of the best courses out there.

Tech Talks: Use of Data Analytics in improving working Capital Management

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What is working capital management?

Working capital is an organization’s utilization of money to cover its daily needs, such as paying for raw materials, supplies, and salaries. The term can also be applied to individuals. Working Capital Management is defined as “managing cash flow so that it fulfills all the business needs”.

For example, if you have $10 in your wallet but need $100 worth of groceries today, your working capital would be negative $90. Working capital management takes care of the flow of funds within the organization. It ensures that funds are available to meet short-term obligations without having to borrow or sell assets. It’s essential for all businesses because it affects the growth and the profits of the company.

Without sufficient working capital, companies will fail before utilizing their full potential. Working capital management is a critical function for every company. Whether you are operating in the manufacturing or service industry, managing your working capital will impact your ability to grow and succeed. 

How does it help the organizations?

Data analytics can help organizations measure how much money they need for their working capital based on their current situation. This way, they can improve their working capital management by minimizing risks such as overinvesting or underinvesting in one area while neglecting others.

There is a need for both MSMEs and large manufacturers to remotely manage their supply chain, cash flows, etc. This has led to a rapid and massive shift away from manual processes. This is where automation comes into play – Accounts Receivable Automation (ARA) was developed as an alternative solution by many companies who needed more control in this area of their business while still managing all aspects with less workforce. These systems allow businesses to deal directly with suppliers and it drastically cuts down processing between payments and delivery. 

Application in the real world 

In the past few years, the use of Data Analytics has been steadily increasing as a way for organizations to understand their customers better and identify trends. 

In today’s world, data analytics is indispensable as it facilitates the efficient working of an organization. The proper recording and analysis of every activity related to the manufacturing cycle of the products help in having visibility of the processes. 

One particular area where Data Analytics can be applied is in examining customer payment patterns, such as when customers pay or don’t pay on time. For example, one company found that because of the customers who paid late, they were losing roughly about $21 million annually due to delayed payments from other clients. It also examined the reasons why people pay late. They came up with several insights like cash crunch during month-ends, etc. that stopped them from making these payments. 

Using a company’s balance sheet and cash flow statement, a financial analyst can determine when the business has excess funds and also the times when they need more money. This analysis can then be used to establish an appropriate financing strategy that balances the company’s needs with its ability to repay the debt over time. Data Analytics makes the entire process smoother and better.

Conclusion

To maintain change, it is imperative to differentiate between noise and signal. This is done by developing measurable, granular  KPIs that are monitored strictly. Carefully analyzing historical data can provide valuable insights into managing networking capital by quickly finding and dealing with emerging issues.

Contact us today if you want to be well equipped when it comes to dealing with such situations. With a digital analytics course, implementing these tactics in your business becomes easier.

With a data science course, you become aware of the techniques that go into it. The course comes along with a placement opportunity so that you’re all set to apply your business analytics knowledge in managing operations.

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