Healthcare Financial Analysis Market: Growth and Trends

Posted on July 12, 2021August 23, 2021 by Imarticus Learning

Financial analytics is required for healthcare companies to perform core functions of claims processing and maintaining payment integrity and fraud, waste, and abuse (FWA), and risk assessment. The advances in big data are driving the accelerated growth of the financial analytics segment, especially in the healthcare domain. Big data analytics gives a better way to tackle healthcare expenditure and quality issues.

The healthcare financial analytics market is growing. The largest market for healthcare financial analysis is North America and the top players include Cerner, Oracle, IBM, etc. The market size was $11.59 billion in 2018 and is projected to grow to $80.21 bn by 2026 with a CAGR of 27.5%.

While the coronavirus pandemic jeopardized many markets, it showed the importance of healthcare financial analytics. The costs of vaccine development, monitoring the health of the population, health insurance innovations, etc. resulted in new directions of financial work for many healthcare providers. Most hospitals faced massive losses and are unlikely to be profitable even in 2021.

Another trend across the world is the rise of the geriatric population across developed countries. Even countries like India will have a large aging population in 2-3 decades at the most. The nature of healthcare costs will change as more people will require preventive care. Currently, the healthcare market operates on a service-based model but is moving towards a value-based model.

There are also many healthcare disruptors coming on the scene, building diagnostics that put people’s healthcare in their hands. There is also a call for strategic planning to cope with the revenue loss and deal with the emerging costs of people deferring healthcare and opting for teleconsultations. World over, attention is also upon the systemic inequities of healthcare.

Considering the need for healthcare financial analysts, this is a good niche for students and those who want a career change. Skilled analysts can get paid quite well. Students have to acquire domain knowledge of accounting, financial modeling, debt, and the healthcare industry. This can be obtained by opting for a financial analyst course online.

What do Healthcare Financial Analysts do?

The responsibilities of a healthcare financial analyst may include:

Creating reports of financial data, forecasting trends, presenting, etc.
Budgetary management
Claims processing and compensation
Ensuring that taxation and legal compliances are in place
Reviewing operational and purchase costs
Finding ways to maximize revenue generation, business plans creation, and execution
Handling teams of other finance professionals

Pathway to Becoming a Financial Analyst in Healthcare

Traditional education offers a basic pathway to enter the field with comparative ease:

A Bachelor’s in math, engineering, finance, commerce, economics, etc. helps but you can also do the following steps if you lack a relevant Bachelor’s.
A Master’s in Business Administration (MBA) with a specialization in hospital management or finance, is the easiest way to get your resume accepted by prospective employers.
A Master’s in Public Health or Commerce or even Chartered Accountancy can be sufficient. However, you have to acquire additional skills by taking courses for financial analysts.
Chartered Financial Analyst course online is often desired by employers.
A professional certificate or Financial Analysis Prodegree can teach you the skills needed. It can also give you the exposure needed to connect with real professionals in the field.

There are a few reputed courses for financial analysts online which can help those who have basic degrees but want to change careers into this field. One should ensure that they are taught by industry-recognized organizations.

Getting Experience:

As many companies prefer experienced candidates, one can opt for a Financial Analysis prodegree where live projects give a chance to develop a working knowledge of healthcare financial analysis. It’s also good to look for jobs in hospitals and healthcare companies, especially if you already work in a similar domain. Hospitals can have overwhelming balance sheets, so gaining experience makes your candidature stronger.

How To Become Stock Analyst in India?

Posted on July 3, 2021September 21, 2021 by Imarticus Learning

A Stock Analyst is an individual responsible for analyzing the organization’s investment, advice recommendations, and track investment data. The nature of such investments varies from company to company.

Some essential tasks performed by a stock analyst are using data analysis to predict gains & earnings of the organization, advising clients on the management of transactions, &providing support to senior stock analysts.

Types of Stock Analysts:

There are two types of stock analysts:

Buy-Side Analysts: These stock analysts work together with the fund managers at mutual fund brokers and financial firms.

Sell-Side Analysts: This type of stock analyst works for giant investment banks. The roles of both types of stock analysts will depend on the type of industry they are working in.

Aspirants to make a career in analyzing the stock market can look upon job roles like stock analysts. However, they must possess strong quantitative and analytical skills to work like mutual fund professionals. Stock analysts are generally hired by banks, insurance companies, stock-broking firms, and mutual funds companies.

What do Stock analysts do?

Recommend investments & collection of investments, otherwise known as portfolios
Evaluate historical & current financial data
Study market economics & business trends
Examine organization’s financial statements to determine the value
Meet company officials to advance better into the company’s prospects
Assess the strength of company management
Prepare annual reports

Stock analyst’s courses explore employment opportunities in investment banks, mutual funds, stock-broking firms, pension funds, insurance companies, and many other businesses.

Important Qualities for a Stock Analyst

Stock analysts must have strong analytical & quantitative skills, problem-solving ability and, be passionate about the markets. Like financial advisors or stockbrokers constantly track the market’s pulse for a change in trends, stock analysts study investment data to withdraw accurate conclusions from this data.

Stock or equity analyst is required to explain their findings and recommendation to others. For this, they must have excellent presentation skills, self-confidence, maturity, and an ability to work alone.

A stock analyst must possess solid attention to detail, a knack for research, a deep understanding of money markets, tax laws, and the economy in a general sense. Additionally, they must possess people skills and salesmanship as an essential quality to be a stock analyst.

The aspirants should be well-equipped with warning signs of poor future performance and related abnormalities in a company’s earnings statement. They must also have an understanding of fundamental accounting principles, macroeconomic and microeconomic functions.

Eligibility & Courses for Financial Analyst

There is no licensing board or regulatory authority that sets some stringent educational qualifications to make a career as a stock analyst or financial analyst.

However, a bachelor’s degree is the bare minimum qualification to start work as a professional in the field. Individual firms hiring professionals are free to set any standards.

The eligibility to enter this field is an MBA. You can choose MBA online finance courses or MBA in financial analyst courses. Some students prefer entering the industry after a chartered financial analyst course (CFA).

Advance With Imarticus Learning:

If you wish to advance your career in financial analytics and start as a stock analyst, Prodegree from Imarticus Learning prepares you on the basics of financial analytics, accounting, business, and economics.

The course prepares you for an important role in the Fintech industry, with practical data and financial analytics knowledge. A financial analyst course is an initial step into the journey of the world of big data.

Imarticus Learning empowers students with Financial Analysis Prodegree (FAP), tailored by experts professionally that teaches students to use practical data analytics applications. The financial analytics course syllabus comprises theoretical and practical knowledge through workshops with industry experts. The 100% placement assistance from Imarticus Learning is an added value for students.

Contact us through the Live Chat Support system or schedule a visit to our training centers based in Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi, Gurgaon, and Ahmedabad!

All You Need To Know About CFA Degree and How Much CFAs Earn in India?

Posted on July 2, 2021March 22, 2024 by Imarticus Learning

A financial analyst is a professional with the financial skills needed to analyze financial information and make financial decisions. A chartered financial analyst (CFA) is one of the most respected titles in finance, with CFA holders earning more than other professionals on average. They have financial competency and business knowledge. Some roles a Chartered Financial Analyst plays are:

Make decisions about companies, stocks, and industries to make money.
Track performance of stocks & collect data for interpretation.
Track and financial research positions (organization/industry).
Evaluate current and historical data.
Study financial statements to estimate value.
Study economic and business trends.

What are the courses for Financial Analysts?

The financial analyst course is a three-year undergraduate program that includes financial market theory, financial accounting and reporting standards, corporate finance, investments analysis.

This chartered financial analyst course covers security valuation methods risk management techniques such as derivatives securities options and futures markets. It guides students on tools used by investment professionals to assess various risks and rewards of trading in different sectors or industries groups.

The CFA designation provides graduates with valuable skills necessary for employment opportunities at global banks, asset management firms, hedge funds brokerage houses, insurance companies, etc.

Different levels of CFA Degree:

A CFA Program guides and tests the fundamentals of investment tools, valuing assets, portfolio management, and wealth planning. Here’s the process for the degree:

Pass CFA Exams: CFA Program is a three-level curriculum, each with an exam. Passing these levels is a prerequisite to obtaining the degree.

Achieve Qualified Work Experience: Complete work experience in roles involving investment decision-making or similar value proposition.

Submit Reference Letters: To support membership application, provide professional references to testify your work experience and professional character.

Apply to Become a Charter-holder: Finally, you can apply for regular membership at the CFA Institute. Once approved and you join CFA Institute, you earn the CFA charter.

Importance of having a CFA Degree and how much do CFAs earn in India?

Your CV stands out:

The CFA curriculum, qualification, and charter stand out clearly on the resume since not many can claim to be one.

More time and cost-effective than other financial modeling courses:

Getting a CFA qualification is valuable for professionals who want to get into Fintech. It is a practical path for those with less time or resources.

Instant Credibility and Industry Respect:

CFA is the most prestigious & valued qualification in the finance & investment industry. The intense process that candidates go through before getting the charter is valued everywhere. Upon stepping into the industry, CFA charter holders gain instant recognition and respect, making it easier to take up exciting job roles.

Networking opportunities for better career growth:

The charter holders and CFA societies are present worldwide to give candidates access to more resources to boost career prospects. Being part of these societies increase networking opportunity and chances to land in dream jobs.

Better job prospects at top investment firms:

Employment opportunities in asset management, hedge funds, fixed income, and equity research are suitable for CFA charter holders. The CFA curriculum has an in-depth focus on financial modeling, portfolio management, ratio analysis, SWOT analysis, etc. The average salary of CFA in India is INR 3,50,000-35,00,000 PA.

Grow with Imarticus Learning:

Being a Chartered Financial Analyst is an initiation for a golden future in Finance. To have a strong base for these courses for financial analysts, you can enroll in MBA programs offered by Imarticus Learning. The programs are an extensive learning package, donned with in-depth knowledge of the basics. The industry connects at Imarticus Learning, and the expert-guided learning packages make these programs more valuable for the students.

100% placement assistance is another reason to rely on these courses to plan a transformative future.

For more details, contact us through the Live Chat Support system today or schedule a visit to one of our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi and Gurgaon.

Which Are The Important Financial Modeling Techniques That Makes A Model Flexible?

Posted on June 29, 2021July 13, 2022 by fnkd

Which Are The Important Financial Modeling Techniques That Makes A Model Flexible?

Flexibility or rather, variability and simulation of a scenario under different conditions is the end goal of a model. Here are some of the various techniques you can use to make a model more adaptable.

• Model assumptions clearly– the first step to creating a workable model is to always document the delta assumption. What does that mean? As discussed earlier, if you want to say that you forecast sales of firecrackers during Diwali to up by 15 percent from 2015, then you model in the assumption.

The origin value is, let’s say, 1000 crackers sold in 2015. The result would be (1000 *0.15) + 1000 which would equal 1150 crackers sold in 2016. But you have to document the 0.15 clearly so that if someone wanted to change that assumption to 20 %, then they would just need to key 20% in instead of 15 and the entire model would change.

• Created more detailed assumptions – While complex models are generally less robust due to higher chances of linkage issues etc, there needs to be some amount of complexity for a model to be useful. For instance, we want to forecast revenue from the sale of fireworks from 2015 to 2016.

The first would be to break the Rs 1000 up into the various products like sparklers, (30% of 1000) flowerpots, and the like.

Once that happens you need to break sales into its component. Sales equal price into quantity. So instead of saying, arbitrarily, that the total sales of sparklers go up from Rs 300 to Rs 345 (a jump of 15%) in 2016, you would say that the number of sparklers would go from 100 sparklers to 115 (model in the 15%) sparklers while the price of the sparkler (Rs 3 per piece ) did not increase at all. (the model in the 0%) The flexibility comes in when I change the cell that holes from 0% to 10%.

This would make the price of the sparkler go up from Rs 3 to Rs 3.30 which would lead to a total sales of Rs 379.5.

• Use a spin button– A spinner helps model variability especially as it relates to stepping costs. So let’s say that for every extra Rs 200 I make in sales, I need to add one extra salesperson. That is not a variable cost. That is a steep cost. So when my sales go up 15% from Rs 1000 to Rs 1150, I don’t need an extra salesperson.

But what if I want to sell 1250. I need to add one more salesperson. A spin button does the job for you. Every time increment sales go up by Rs 200, one extra person at a salary of Rs x a month will be added to that cell, thereby making your model more adaptable and robust.

What Are Some Good Resources About Learning Financial Analysis?

Posted on June 24, 2021June 24, 2021 by Imarticus Learning

The spurt in the financial domain is instant, recognizing this trend people have started opting for a career in the finance industry. Building a career in such a competitive space where everyone wants a piece of the pie you have to have the added advantage to stand out from the competition. The Financial Analysis subject is best suited for a budding finance enthusiast who is aspiring for a successful career in this field.

Financial Analysis is a complex subject matter that involves different fragments. You have to gather knowledge about a wide range of subjects. Financial reporting analysis, corporate finance, economics, equity, alternative investments, etc. are some of the prominent topics you’ll have to spend your time upon.

The subject matter of financial analysis involves a comprehensive understanding of the company’s fundamentals to do data analysis and project the future trajectory taking into account the different variables that might affect a company’s overall performance in the short as well as the long run.

Where to Find Good Resources?

I am a firm believer of “learning can happen anywhere”, the catch here is that you got to have an open mind and a knack for learning the subject matter. Keeping attention to detail is a must in the case of learning finance.

Before deciding what resources you need to use for building your knowledge base in any domain, you have to figure out the ‘why’. Why do you want to learn financial analysis? The answers could vary from getting a job in a Financial firm to teaching others about the subject. When you have this answer then only you could establish the degree of knowledge that you need to obtain for your pursuit.

Learning is a continuous process and a subject such as finance is always evolving with the economy and the world so there’s no end to learning here. What you knew a year ago might be outdated today so it needs constant catching up.
Today you’ll find countless resources to learn about any topic in finance. The world of social media has made learning easier and much more convenient than traditional means.

The best resources can be found in the form of video channels on youtube, blogs, online courses, educational websites focusing on the finance niche, etc.

If you want to get a good job in the financial industry, getting validation for your knowledge is important, especially in the big corporate houses. You can opt for professional courses like CFA where you’ll get guidance on how to proceed in a structured manner for your financial analyst education. It is a course dedicated to financial Analysis, upon completion of the course and with relevant experience, you’ll get to use the charter title for a financial analyst.

If you break up a Financial Analyst course it contains two fragments one is involved with building your knowledge base in finance and the other is related to upgrading your analysis and presentation skills which include learning Ms excel and PowerPoint.

You can even focus on learning the two fragments in isolation. You can opt for courses that teach Excel and PowerPoint and other courses which help you with building your financial & accounting knowledge.

There are various books on finance by popular authors which teach financial education in a slightly unconventional manner. Some of the good reads are “Richest Man in Babylon”, “One up on wall street”. You can even find the ebook versions for the same on Amazon for a very minimal price if not free.

Conclusion
To learn financial analysis as a subject you need to figure out the details of the subject matter that includes topics from various subjects including economics accounting, financial maths, etc.

It is important to define your goal for learning financial analysis that will give you a direction and will help determine the degree of knowledge you need for your particular endeavor.

How to become a Financial Analyst in India?

Posted on June 16, 2021April 2, 2024 by Imarticus Learning

Fiscal prudence plays a crucial role in the growth and sustainability of any business. Managing finances in an organization can get complex and challenging as it expands across new geographies and segments. The use of new technology also adds to the regulatory complications. The services of a financial analyst can help a firm to obtain valuable insights into its historical performances and future projections.

Financial analysts help firms to monitor the overall financial health of a business. Investment banking firms are always on the lookout for talented financial analysts to join their organizations.

Let’s delve deeper into the role of a financial analyst and how one can set foot in the right direction for becoming a financial analyst in India.

What Does a Financial Analyst Do?

The primary responsibility of a financial analyst is to analyze tons of financial data related to a business and create financial models to make predictions based on historical and current data. The roles and responsibilities of a financial analyst are usually quite broad and have various facets. It varies depending on factors such as type of organization/industry, job position, etc.

A financial analyst also works along with the accounting department to ensure error-free financial reporting. Investment banking firms dealing in the money market or capital market are among the top employers for financial analyst professionals. The capital market is primarily focused on long-term assets whereas the money market entails short-term borrowing and lending.

What does It Take to Become a Financial Analyst?

Given the growing reliance of investment banking firms on data, there is a huge demand for financial analyst professionals in India. There are plenty of factors that might influence your course to become a financial analyst. If you have a strong academic background with a good command over subjects such as economics, maths, accountancy, business, etc. you are already on the right path. Some of the important considerations that can help you grow your career in this field are as follows.

Earn a bachelor’s degree in relevant discipline

If you are still studying and haven’t completed your bachelor’s degree, you should opt for a bachelor’s program in either economic, statistics, maths, accountancy, etc. This will help build a robust base required to excel as a financial analyst. You can even search for a more specialized bachelor’s degree to boost your prospects.

Get the required certifications

Now a bachelor’s degree will surely help you build a strong base but specialized certifications are highly recognized and set you apart from the crowd. It eases your entry into the doors of the best investment banking institutions. In addition to this, it is highly pragmatic and factors in the recent changes in the finance landscape to provide you with precise knowledge regarding the industry. Some of the widely recognized certifications include the CFA certification, FRM certification, etc.

Enroll in an investment banking course

Investment banking courses are specially curated for financial analyst professionals. It takes a comprehensive approach to impart knowledge related to the financial markets. It also helps you understand the complexities involved in a Trade Life Cycle. The investment banking courses with placement options are not just theoretical but also give you a pragmatic view of the industry. It helps to develop the technical and soft skills required to succeed as a financial analyst in the contemporary.

In a Nutshell

Becoming a financial analyst in India can get challenging if you are relying on the traditional approach. The modern age firms require you to have an in-depth understanding of the present-day scenario. The best approach here is to enroll in investment banking courses with placement to get a chance to work with reputed organizations in the industry. One can easily opt for Imarticus investment banking courses online and boost their employment prospects as it also provides job assurance.

What Is The Main Function of Financial Accounting?

Posted on June 15, 2021April 4, 2024 by Imarticus Learning

What is the main function of financial accounting?

Financial accounting is a specific branch of accounting involving a process of recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time. These transactions are summarized in the preparation of financial statements, including the balance sheet, income statement and cash flow statement, that record the company’s operating performance over a specified period. Accounting is crucial for managing and analysing the financial resources of a company.

Financial accounting refers to the field of accounting that focuses on summarizing, analyzing, and reporting the financial transactions related to a business. It involves preparing financial statements that are available for public use.

And, the following article takes a deeper look at how this process helps businesses, what its main goal is, and how you can utilize this process professionally to become a financial expert. So, read more to find out.

The main function of financial accounting

The chief function of financial accounting is to prepare financial reports that give you information about a company’s performance. They are primarily used to convey the financial information about a firm to external parties such as creditors, investors, and tax authorities.

A financial accountant may keep track of the incoming and outgoing cash flow and record all financial transactions ghostwriter bachelorarbeit. They may use that information and past financial data to analyse the overall expenditure and prepare financial reports.

It aims to prepare an organization’s financial accounts or financial statements (cash flow statement, balance sheet, and income statement) for a particular duration.

Further, financial accounting helps shareholders and creditors understand the financial health of an enterprise. It aids them in the decision-making process as they can evaluate the current status of a company and forecast its performance accordingly ghostwriter seminararbeit. It also helps them in understanding how well the company operates in different situations.

Besides, financial statements enable a company to meet fiscal, statutory, and legal requirements as well. In some cases, it is mandatory to prepare these statements. All in all, the main purpose of this process is to enable third parties to assess an organization.

Notably, public companies use the accrual accounting method while private companies can use the cash accounting method akademische ghostwriter. And, both methods have their pros and cons.

How to pursue a career in financial accounting?

Financial accounting is imperative for modern organizations. That is why they rely on financial experts to take care of this aspect of their operations. If you want to pursue a career in finance, then it would be best to get an IIM Calcutta Executive Programme in Investment Banking and Capital Markets or a Postgraduate Program in Banking and Finance.

A Postgraduate Program in Banking and Finance will give you an overview of financial accounting along with other relevant concepts. Similarly, an IIM Calcutta Executive Programme in Investment Banking and Capital Markets will teach you the basic and advanced concepts of business and finance, as well as the latest technologies used in the investment sector. If you are interested in pursuing these programs and need assistance with your academic assignments, you can consider seeking help from a hausarbeit ghostwriter to ensure you excel in your studies.

Learning about these latest subjects will help you stay on top of the industry trends and remain an in-demand professional.

Financial accounting is necessary for every business to evaluate its financial health and show it to external parties. That is why there is a huge demand for experts who can perform this process effectively and efficiently. Businesses are constantly searching for professionals who can create accurate and descriptive financial statements. If you are interested in pursuing a career in financial accounting, it is essential to gain the necessary skills and knowledge. Considering hausarbeiten schreiben lassen preise could be a valuable option for obtaining expert guidance and insights in this field.

We recommend pursuing a Postgraduate Program in Banking and Finance if you want to become a professional in this field.

What Does A Financial Analyst Do In A Day?

Posted on May 26, 2021January 6, 2022 by Imarticus Learning

Financial analysis is a rewarding & challenging career for people working in the financial services industry. A Financial Analyst typically conducts quantitative analyses of information affecting the investment programs of public or private organizations.

However, depending upon the level of experience & job role of a financial analyst, their day-to-day activities may differ. Moreover, the industry in which they are working may also influence their job responsibilities & pay.

Some common things that a financial analyst do include:

Gather data & information
Organize information
Analyze financial results
Make forecasts & projections
Develop recommendations
Build Excel models & make presentations
Generate reports

Before jumping onto what a financial analyst does in a day, let’s take a quick look at what a junior analyst’s and senior analysts’ job entails.

Junior Analyst (entry-level)

A financial analyst who has little to no professional experience is typically responsible for gathering data, financial modeling & creating or maintaining spreadsheets. This enables entry-level analysts to develop a fundamental understanding of the financial marketplace & environment.

A junior analyst may consider earning certifications or licenses such as (CFA) Chartered Financial Analyst certification to move up the ladder to a better-paying, higher-level job position.

Senior Analyst

A senior analyst typically has more & better professional experience & academic credentials. One can become a senior analyst only after developing their expertise in the field & pursuing continuing education. One of the main tasks of a senior analyst is developing relationships with companies & industry to build a strong contacts’ network as well as representing their own firm in the industry.

A Day in the Life of Financial Analysts

A usual day in the life of a financial analyst looks like this:

Early morning

Early in the morning, they check the news, international trade & markets. If there are any relevant releases or developments concerning the market, then an analyst may need to “put out fires.” This may include updating data & alerting administrators about the change.

Morning meetings & check-ins

Contact or meet their colleagues in person, present investment ideas (if any) and then meet clients or potential clients. Moreover, depending upon the time of the year, a financial analyst may need to plan projects, schedules & calendars around the ebb & flow of the market.

Mid-morning to afternoon (project & schedule updates)

A junior analyst may meet their senior analyst in their firm to go over their collected data & financial models. The senior analysts may meet with their superiors to go over a project or business model/strategy. They may also spend time contacting investors and other contacts in their network to grow the business.

Lunch

A junior analyst may make the most of this time by meeting their mentor and planning the “next move” in their career. However, a senior analyst may have lunch with industry contacts and use this time to build their network.

Reviewing the day

A lot can happen during the afternoon, which is why most financial analysts spend this time reviewing reports & releases to better plan their upcoming days. For example, a senior analyst typically reviews earning reports, whereas a junior analyst may review financial models & research notes for their own earnings releases. Then, later in the evening, the junior analysts meet their senior to go over the numbers for the following day’s morning meetings.

A Rewarding Financial Analysts Career with Imarticus!

Knowing the need for new-age careers & the potential of online education, Imarticus Learning offers various online courses related to financial services for young professionals, undergraduates, graduates, and executives. If you want to further your career as a financial analyst and have a leg up over other applicants, getting a PG degree could be your best option.

An advanced degree with various specializations at Imarticus Learning will add credibility to your profile and position you as an efficient professional. Start your journey in the financial industry with Imarticus Learning and have a rewarding career!

How To Apply Financial Analytics In Real-World Situations?

Posted on May 17, 2021April 1, 2024 by Imarticus Learning

Big data is moving beyond the status of ‘tech’ and mingling into the mainstream. Almost every business is now leveraging data integration to consolidate systems, eliminate data, and streamline everyday business operations.

In today’s world, data rules the most new-age organizations. Vast amounts of data are circulating across the globe due to the massive access to the internet.

Businesses now know that this data translates to information to improve customer service, understand market trends, or figure out loopholes that may otherwise bar growth.

The Benefits of Business Analytics

Business analytics offers varied benefits to organizations and helping them to uncover insights into the past, present, and future operations. Rather than depending on intuition or guesswork, organizations can look upon quantifiable data for decision-making in marketing, finances, sales, or internal processes. Business analytics utilizes some set of tools that enable companies to use data in new ways.

The amount of data collected exceeds what humans can process. Still, business and financial analytics tools can process vast amounts of data and provide a more profound vision of what the data means and how to use it.

Real-Life Applications of Data Analytics

Different data analytics applications are currently used in several organizations across the globe. Some are discussed below:

Sorting customer segmentation

Based on data from previous purchases and activities, organizations and financial institutions can identify which customers need specific investment products, insurance coverage, types of mortgages, and other banking products. With data integration and analytics, organizations can identify new markets for existing products and cleverly segment customers to know exactly what products, offers, deals, and incentives are successful for a particular segment.

Detecting fraudulent activities

Big data allows banks and organizations to identify potentially fraudulent activity and get it stopped timely.

In addition, when data from all of the systems are integrated, banks can identify network traffic that can easily indicate a cybersecurity breach, e.g., someone trying to steal customers’ identities or credit credentials.

Develop new financial products

According to past sales, businesses can develop products with higher chances of being sold well in coming times. External data is prevalent to create products that are both useful to customers and lucrative for the organization.

Lowering investment risks

With data analytics, predicting market and investment format is a cakewalk. E.g., banks and financial institutions make money out of investments into ventures that make money.

Therefore, financial analytics is used to consolidate data on market trends, historical performance, property values, and internal data to determine the accuracy of investments and returns.

First Step Matters!

Since the role of data and financial analytics is clear for the Fintech industry, one needs to strive for a better career in analytics. A financial analyst course can be the first and most minor step to start the journey into the world of big data. Chartered financial analyst course, online finance courses, courses for financial analyst help learners understand data and analyze it to help in increasing the overall job efficiency.

At Imarticus, we empower students with Financial Analysis Prodegree (FAP), a financial analyst course that experts professionally tailor to use the proper applications of data analytics efficiently. The financial analytics course syllabus comprises theoretical and practical knowledge through workshops with industry experts, which provides an excellent opportunity to learn.

If you are keen to know more about online finance courses, chartered financial analyst courses, and courses for financial analysts, check out Imarticus’s catalog about all Finance programs!

Related Article:

https://imarticus.org/what-is-a-financial-analyst-course/

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