Top business analytics tools to learn Key takeaways: Business analysis tools are used to collect and analyze data about an organization’s performance so that you can make decisions about how to improve it. Data visualization software like Tableau and Qlikview allows users to create charts and graphs based on data they have entered into the database. They are great at helping you understand your company’s performance trends over time. Dashboards provide real-time updates on key metrics like revenue per employee or Customer Acquisition Cost (CAC). Business analysis tools are essential to understanding your business, especially while making sense of data. They give you the power to analyze your business’s performance and make predictions to see what needs to change and how. When choosing an analytics tool, it should be easy to use without advanced training or experience in statistics or data science. You want an app that will give you valuable insights without requiring extra work on your part. You shouldn’t spend hours reading manuals or learning how to use the software before it starts benefiting your business. What is business analytics? Business analytics is an umbrella term that refers to data, statistics, and quantitative analysis to gain insight into how a business performs. It can also be used to understand customer behaviors and preferences and optimize existing processes and products. Business analytics has many applications in various industries, but it’s most commonly associated with marketing. One of the most common ways of using business analytics to improve marketing efforts is by optimizing ad campaigns, which involves understanding what ads are best for each target audience segment. What are business analytics tools? Business analytics tools are used to collect, analyze, and interpret data from your business. They can help you to make better decisions about your business and its operations. For example, if you have an e-commerce store, business analytics tools can help you figure out how much money you are making on each item and where your customers are coming from. This information can help you make smarter decisions about which products to carry in your store and how much they should cost. Business analysis tools also let you monitor the performance of different areas of your company’s operations. For example, suppose you are a restaurant owner who wants to know how many customers each server gets in their shift, a business analytics tool could help you automatically track this information. You can find business analytics tools online or through other software providers specializing in this type. Top business analytics tools If you are looking for a business intelligence tool, there are a few different options. Here are some of the top analytics software: ToolDescriptionQlikViewIt allows you to explore data visually, and then use it to build dashboards.SplunkIt lets you search through all your data in real-time.BoardIt integrates easily with other tools like Tableau and Power BI.SisenseIt allows you to analyze your data without having to be an expert in SQL or coding.TableauIt helps you build interactive dashboards, reports and data visualizations. ExcelIt allows you to create spreadsheets and perform basic statistical analysis on them.Power BIIt enables you to easily visualize your data, explore trends and identify patterns. It’s also great for collaboration.RapidMinerIt is a tool for predictive analytics and machine learning.Dundas BIIt helps you make sense of your data.MicroStrategyIt enables companies to manage their data and gain insight into it. SAP Business ObjectsIt lets you build reports, analyze data, and share information with others through dashboards and reports.Oracle Business IntelligenceIt is a collection of software products that offer several different features related to business analytics, including data integration tools and reporting capabilities. QlikView QlikView is a business intelligence tool that helps you gain insights into your data by visualizing it. It is easy to use and can be used by non-technical people, which makes it an excellent choice for small businesses that need a quick way to make sense of their data. Splunk Splunk is an enterprise-scale analytics solution that you can use to monitor and analyze your entire IT infrastructure. It is ideal for businesses that want deep insights into their data but don’t have the resources or expertise to build their business intelligence tools from scratch. Board Board is an agile project management tool that lets you track what’s happening with your projects (and projects involving multiple teams). It includes features like Kanban boards and Gantt charts that allow you to visualize everything from project status to budgeting in one place. Sisense This cloud-based solution gives you access to a wide range of pre-built reports. You can also build your own using Sisense’s drag-and-drop interface. It’s great for people without a lot of data analysis experience, but it still has enough power to impress even experienced pros. Tableau Tableau is another cloud-based tool but has a much more robust reporting system than Sisense. It also has some more advanced analytical tools built in, which makes it ideal for more complex projects, especially those involving large datasets with multiple variables. Excel Although not as sophisticated as the other two programs listed above, Excel is still an excellent business intelligence tool for creating basic reports and graphs. Excel is worth checking out if you are starting data analysis. Power BI Power BI is one of the most well-known business analytics tools in companies like Microsoft and Salesforce. The software allows users to visualize their data in various formats, including charts, graphs, and dashboards. It’s also compatible with multiple third-party software platforms and services, like Salesforce and Google Analytics. RapidMiner RapidMiner is an open-source platform that helps users analyze data through predictive analytics. The tool offers an interface that’s easy to use and understand. It also features automation capabilities that allow you to build models without writing code. Dundas BI Dundas BI is another popular analytics software that uses drag-and-drop functionality to help users visualize their data in new ways. It comes with pre-built connectors for many standard business intelligence solutions like Tableau or QlikView, so you don’t have to worry about integrating new programs into your workflow just yet if this is your first foray into analytics software. MicroStrategy MicroStrategy is a cloud-based platform that allows users to analyze data and create visualizations quickly and easily. It can be used by anyone who has access to the internet—no IT support is required. SAP business objects SAP Business Objects is another cloud-based solution that offers users an easy way to create reports and dashboards. The software is designed for small businesses that want to use data analytics but don’t have the resources or time required for custom-built solutions. Oracle business intelligence Oracle Business Intelligence is an on-premise solution that helps companies make better decisions based on their data. It is complex enough to require technical expertise and professional training, but it’s also flexible enough for individual users with no coding experience. Using business analytics tools Tools used in business analytics can help you with the following: Data collection Data collection is gathering data from an external source and then transferring that data into your business analytics application. The most common source of information is the internet. The data you collect can be from websites, social media platforms, or private databases. It is important to note that this type of data can’t be ordered in bulk. You must set up a system for collecting it manually or automatically as it becomes available. Data analysis Data analysis is taking your collected data and turning it into actionable insights that you can use to improve your business processes and performance metrics. Data analysis can be done manually or automatically, depending on your needs and budget. Still, either way, it requires advanced expertise in statistical methods like regression analysis and machine learning algorithms like neural networks and support vector machines (SVMs). Data mining Data mining is the process of gathering data from a variety of sources and organizing it into a format that can be analyzed. Data mining tools help you understand what your data is telling you so that you can make smarter decisions. Optimization Optimization is figuring out how to make something better or more efficient. Business analytics means using mathematical models to find ways for your business to perform better. If you are running a restaurant, for example, optimization might help you figure out how many tables you should put in your dining room. Data visualization Data visualization is turning data into a picture, such as a bar graph or pie chart. It helps you understand the information more quickly. Data visualization tools allow you to create visualizations from your data, which can be helpful for both beginners and experts. Analytics software like Tableau will enable you to build an interactive dashboard that displays your data in an easy-to-read format to see trends and patterns in your business’s performance. Benefits of using business analytics tools Business analytics tools are becoming more and more popular today. This is because they have several benefits that make them worth using, including: Bringing together relevant data Business analysis tools bring together the data you need wherever it’s stored. They can pull data from a single source or multiple systems, making it easy to compare and contrast different aspects of your business. Accuracy and efficiency While there are still ways for humans to make mistakes with their analysis, tools used in business analytics help ensure that the data you use for decision-making is as accurate as possible. They can also automate some of the processes involved in gathering business intelligence, which helps save time and money on labor costs. Increased customer satisfaction Business analysis tools can help your business increase customer satisfaction and loyalty by better understanding how your customers interact with your product or service. It is also important to note that many of these tools will help you discover what your customers want before they even ask for it, which is excellent for improving the overall user experience. Reduced cost, increased revenues Because business intelligence tools allow you to learn more about your customers and how they use your product or service, this information can be used to create new products or services that are better suited for their needs. In addition, the insights these business intelligence tools provide will help you develop new marketing campaigns that are more likely to convert leads into paying customers. Bottom line You get a top-notch education when you choose a business analytics course available on the Online Manipal platform. Our business analytics course is exclusively designed by the Manipal Academy of Higher Education (MAHE), and covers data mining and machine learning, essential data analytics tools for any business analyst. You will also learn how to use statistics software like R and SAS and connect your data analysis with other business processes (like marketing).
8 Non-technical online courses that help your career Not all of us come from engineering backgrounds, and not everyone is interested in technical job roles like coding. Although technology is undoubtedly the industry to be in if you want a job with significant growth, careers outside of IT should be considered. Due to the rising need for a number of top non-technical job roles, even IT companies are hiring for positions in sales, marketing, business development, human resources, and finance, to name a few. Let’s check and investigate further the most in-demand non-technical skills and the most well-liked online courses that students are considering for a non-tech career. Let’s investigate further to learn more. The various sectors a non-tech candidate can work in A non-tech candidate can work in various sectors and take up various job roles. Working professionals in fields like management, product design, and marketing are in high demand and are needed across various industries. With the job market expanding, various new non-technical job opportunities are emerging and provide skilled professionals with alluring compensation packages. Look at the various sectors mentioned below where professionals from a non-tech background can work in: Marketing/Advertising: Marketing is the overall strategy for communicating with customers about a brand. Advertising is one aspect of marketing which is typically a paid form of marketing that is intended to lead to sales. Marketing and advertising have openings for various non-tech roles and are emerging with new job roles every day because marketing and advertising are needed across various sectors. Chartered Accountant (CA): A chartered accountant, usually referred to as a certified public accountant or CPA, is a licensed professional accountant who can handle a variety of accounting-related tasks. Implementing accounting systems, creating monthly financial reports, and submitting business tax returns are all tasks performed by a chartered accountant. Sales and Business Management: The job responsibilities in sales and business management include establishing a company strategy that addresses the control of sales, revenue, and expenses, reaching the projected sales targets, establishing personal sales goals with the sales team, tracking sales targets and providing updates as needed. This sector provides employment opportunities to non-tech candidates with various job roles. Healthcare: Healthcare professionals assist in the diagnosis, treatment, and prevention of diseases, illnesses, and other bodily impairments. Additionally, successful decision-making, good communication, and time management skills are essential in this field of work. This field provides a wide range of job opportunities for various non-tech jobs. Retail Management: Planning, controlling profit and loss, handling cash at the store, and compiling daily sales and other relevant reports are all responsibilities that fall under retail management. Retail management is a newly emerging sector that provides various non-tech job opportunities to individuals. Fashion Management: Fashion management oversees the marketing, merchandising, and retail of fashion products, as well as the development of brand awareness and image among the general public. The fashion management industry provides a series of non-tech jobs to innovative and creative individuals interested in fashion. Interior Designing: Interior Designing is the planning and supervision of the design of interior spaces and execution of architectural interiors and furnishings according to the requirement of the clients. It is a newly emerging field providing various non-tech job roles. Check out: Best Career Options After B.Com Top non-technical skills that help in your career growth Microsoft Excel: Microsoft Excel is one of the top non-technical skills that the business wants, and many job categories rely heavily on it. Excel proficiency is a requirement for some high-paying positions, including those of data analysts, accountants/auditors, financial analysts, project managers, and business analysts. HCL, Deloitte, Accenture, IBM, Cognizant, and others are major corporations actively seeking employees with Excel expertise for roles in functional areas including Reporting & Analytics, Data Governance, MIS Reporting, Human Resources, Accounts & Finance, and many more. Systems analysis: Systems analysts evaluate how effectively software, hardware, and the overall IT system match their employer’s or a client’s business demands. They design the specifications for new systems, maybe aid in their implementation, and assess how well they work. Examining current systems is one of the typical tasks associated with the position. Project Management: Have you ever overseen arranging and planning your project group in school or college? If so, you are the ideal candidate to develop your project management abilities and pursue them as a full-time career. In a field other than technology, project management is a fantastic career path. In India, project managers are compensated even more than senior software developers. You’ll feel the need to become certified in project management abilities after acquiring some expertise in the field, or your employer may ask you to do so. Active learning: Active learning techniques encourage students to participate in their education by analysing, debating, researching, and producing. In class, students put their knowledge into reality, work through difficult decisions, solve issues, offer answers, and articulate concepts on their own terms through writing and discussion. Content writing: Writing and editing high-calibre stories for the promotion of a company’s goods or services requires creativity and strategic preparation on the part of the content creators. To become specialists in their field of writing, content writers develop a specific set of talents. Problem-solving: Your ability to solve problems will help you figure out what’s causing problems and how to fix them. It’s one of the main qualifications that businesses look for in job candidates. Finding the problem, coming up with solutions, putting those solutions into practice, and then assessing their efficacy are the first steps in addressing a problem. Decision-making: The ability to make decisions is crucial in the workplace and crucial for leaders. Additionally, it is significant in your daily personal life. While some choices are easy and nearly natural, others can be very challenging. One may have to deal with the effects of bad judgments for a very long period. Team management: The capacity to guide a group of individuals toward a task or shared objective is known as team management. In order for team members to work to the best of their ability and continue to develop as professionals, effective team management requires encouraging, interacting with, and supporting them. Non-technical undergraduate degrees BBA: Bachelor of Business Administration (BBA) provides students with the professional management training they need to advance into positions of business leadership. BSc: A bachelor’s degree in science, sometimes known as a BSc, takes three to five years to complete. BSc degrees are granted in a variety of fields, occasionally even in fields outside of science. Different nations confer Bsc degrees in different ways. The majority of scientific students obtain bachelor’s degrees in the field. B.Com: A bachelor’s degree in commerce, also known as a B Com, requires three years of study. B Com degrees impart analytical abilities, financial literacy, business acumen, an awareness of business regulations, taxation comprehension, and other skills with the aim of preparing students for work in the industries of banking, accounting, insurance, and finance. B. Ed: For students who want to become teachers, an undergraduate programme called Bachelor of Education (B. Ed.) is available. For secondary (classes 6 to 10) and higher secondary (10 2 or classes 11 and 12) teaching, a B. Ed. degree is required. MBBS: A Bachelor of Medicine and a Bachelor of Surgery are denoted by the acronym MBBS. Those who are interested in working in the medical field can take up this degree. Also read: Why BBA? Top reasons to choose BBA Non-technical postgraduate degrees MBA: Master of Business Administration, or MBA is the original graduate degree offered by business schools worldwide and was first offered by Harvard University Graduate School of Administration (now Harvard Business School) in 1908. It is the best post graduation degree for those looking for a career in business management. M.Com: MCom, or Masters of Commerce, is a two-year postgraduate course that is perfect for individuals who want to work in the accounting, banking, financial services, and insurance (BFSI) industries. The two-year study looks more deeply into how the economy works, as well as capital, revenue, commerce, taxes, and other topics. MA: A postgraduate programme in the arts is called an MA or Master of Arts. Students who have earned their bachelor’s degree can pursue an MA. At numerous colleges and universities in India and overseas, the degree is provided in a number of specialisations. M.Ed: MEd, or Master of Education, is a master’s degree programme that focuses on the investigation of cutting-edge instructional strategies and educational research. The programme focuses on a variety of educational topics, such as curriculum design, counselling, leadership, and educational technology. Non-technical certifications Project Management Certification: The Project Management Institute (PMI) awards the PMP certification, often known as project management professional certification, to those who complete specific educational and professional experience requirements. Before applying for certification, professionals must fulfil a number of conditions. Business Consultant Certification: Business Consultant Certification provides essential skills that can help individuals become business consultants. A business consultant assists businesses in achieving profits through strategy, planning, and problem-solving. They create a business model or marketing plan to determine which marketing techniques to employ and how they should be applied to the project. Human Resource Certification: Through courses, assignments, and exams, HR certification enables you to demonstrate new knowledge, abilities, and experience to your (possible) employer. It is a well-liked method of job progression for HR specialists. Content Writing Certification: Anyone who has a solid understanding of ideas in digital marketing, such as keyword strategy and research, site analytics, SEO, and so forth. It is ideal to hire someone with a degree in journalism, literature, or any other subject and additional digital marketing qualifications for a content writing role. Logistics and Supply Chain Management: The supply chain’s movement and storage of goods are the focus of logistics. More broadly, supply chain management (SCM) includes all partner coordination involved in this network, including sourcing, manufacturing, transporting, storing, and selling. Career prospects for individuals with a non-technical degree The job market for non-technical job roles is expanding, and the need for skilled individuals in non-tech roles is growing. There is a growing demand for non-tech professionals across various sectors, and individuals can choose a role according to their skills and interests. Online courses help you learn at your convenience The advantages of taking an online course over a traditional classroom setting are undeniable. Here are some of the main benefits of online learning. Career development and interests You have more freedom to study online. Even more so, if you are enrolled in an asynchronous class, an online course where you are not required to log in at a specific time for a live session but can study and interact with your classmates and instructor at your own pace through, for example, the discussion forum. You can fit your work schedule (and your hobbies) around your coursework more easily. Flexible studying environment With online learning, you can study anywhere you want to – in your study, in the coffee shop down the street, or even at your neighbourhood gym as you work out on the treadmill while listening to your instructor’s lecture podcast. Comparatively cost-effective When you study online, you must pay for tuition, potentially for textbook materials, an online application fee, and not many other things. However, because you don’t pay for housing or transportation, you have less debt and more money in your savings. Can choose from a wide range of courses A number of online courses are available for you to choose. Select the degree or certification of your interest and pursue it online. You just need to ensure that the institute providing the degree has the required recognitions and accreditations. Get a valid online undergraduate or postgraduate degree from Manipal University Jaipur As a multi-disciplinary university, MUJ provides courses in a variety of streams at the undergraduate, postgraduate, and higher levels that are career-oriented and prepare individuals for the professional world. Online undergraduate and postgraduate graduate degrees in the fields of human resources, marketing, computer applications, and many more are offered by Manipal University Jaipur. Since Manipal University Jaipur is UGC-recognised, the online graduate programmes that MUJ offers in India are on par with any other traditional on-campus degree. Non-tech undergraduate and postgraduate degrees offered by Manipal University Jaipur B.Com – The Bachelor of Commerce (B.Com) is an undergraduate degree that prepares students for careers in commerce and industry by providing them with financial analysis skills and knowledge. It is a 3-year degree programme that is divided across 6 semesters. The total course fee is INR 80,000/-. BBA – One of the most sought-after and employable undergraduate degrees is the Bachelor of Business Administration (BBA). The degree teaches the nuances of businesses, business administration and other related topics. The BBA is a 3-year undergraduate programme divided into 6 semesters. The total course fee is INR 1,20,000/-. M.Com – The Master of Commerce (M.Com) is a postgraduate master’s degree focusing on subjects related to commerce, accounting, management, and economics. The duration of the degree is 2 years, and the curriculum is divided into 4 semesters. The total course fee is ₹ 1,00,000/-. MBA – The Master of Business Administration (MBA) is a master’s degree that provides a broad-based business learning experience that focuses on teaching skills that can help you succeed in any business area, from economics and marketing to financial management and social responsibility. The degree is a 2-year programme divided into 4 semesters. The total course fee is INR 1,50,000/- Conclusion Non-technical skills are significant because they improve the efficiency of processes in a business. When used correctly, these abilities are crucial in preserving system security and guaranteeing smooth operations in business processes. With the growth of the job market, various non-tech job roles have been emerging across various sectors. So, to start your non-tech career choose the appropriate course relevant to your career goals and land your dream job.
Supply chain management in e-commerce Supply chain management is the backbone of any e-commerce business. It aids in streamlining the process of taking your goods from point A to point B. For instance, it could involve moving materials from the factory to your warehouse and then from your warehouse to your customers. But how does e-commerce help in supply chain management? Supply chain management is an umbrella term for all aspects of logistics, including manufacturing, procurement, distribution, transportation, warehousing and retailing. The goal of supply chain management is to make sure all parts of your company’s operations are working together seamlessly to provide excellent customer service at every stage of their purchase experience with you, as well as ensure that their products reach them quickly and reliably so they can enjoy them right away after purchasing them. What is a supply chain? A supply chain comprises interconnected links that make up your company’s logistics. These links work together to ensure that your products reach customers at the right time, in the right place, and at the right price. Supply chains consist of components: raw materials, suppliers, production facilities, distribution centres, and retail stores. They can vary in size and complexity depending on the type of business you are running and how many customers you have. Supply chains are essential because they help companies reduce costs by ensuring they are working with reliable suppliers who provide quality materials at competitive prices. They also ensure that products get from point A to point B efficiently so there aren’t any delays or extra costs associated with shipping them over long distances (which could result in lost sales). E-commerce helps in supply chain management by providing a platform for online orders and payments, as well as tracking shipments and inventory. It also improves the speed at which you can receive orders, and allows customers to find your products more easily. Why Supply Chain Management (SCM)? As the global economy is expanding and becoming more complex, supply chain management is essential for companies to remain competitive. As an entrepreneur, you know that your supply chain is one of the most critical aspects of your business. From the moment you purchase to the moment it gets to your customer’s hands, you want to make sure that everything goes smoothly—and that’s where supply chain management comes in. But how does the eCommerce supply chain work, and how can it help you run a business? Here are five ways it can help you: You can get the products/services you need The first advantage of supply chain management is that it helps you get the products and services you need. For example, if your company needs a new type of software for its employees, but it is not available in the marketplace, supply chain management will help you find another company that has the software and then find a way to work with them to use it for your company. Reduce waste and increase efficiency Supply chain management also helps reduce waste by streamlining processes across multiple companies to be more efficient and effective. But how does the e-commerce supply chain work? For instance, if there’s an error in one part of the process or one company doesn’t perform up to expectations, all the other parts of the process are affected as well. But supply chain management helps eliminate those problems by making sure everyone involved has all the information they need and knows what their role is. Ensures that all products meet your quality standards Supply chain management ensures that your products meet your quality standards. It allows you to track the movement of goods from their origin to the end user, ensuring that all parts meet your quality standards and specifications. This can help you avoid situations where a product is being used but not performing up to mark or where a defective part causes injury or damage to someone’s property. Improves collaboration with suppliers and customers Supply chain management also improves collaboration with suppliers and customers. By tracking all aspects of a product’s movement from supplier to customer, you can better understand how a product is made, what it costs, and how customers use it. This allows you to work more closely with suppliers and customers on improving processes for producing and selling goods. This helps both parties get what they want out of the process. Reduces risk due to faster decision-making One of the most significant advantages of supply chain management is that it can help reduce risk. By managing and tracking the flow of goods and materials at every stage in their journey, you can better understand and predict when they will arrive, ensuring they arrive on time and in good condition. This gives you more time to make decisions and plan. Supply Chain and Logistics process in the E-commerce industry The supply chain and logistics process in the e-commerce industry is a complex and delicate balancing act. The logistics team ensures that products get to their customers promptly while keeping costs low. But how is supply chain management used with e-commerce? Here’s how: Supply Chain and Logistics process in the E-commerce industryPlan the supply chainSource materialsManufacture productsStore product inventoryPlan delivery routes and routinesDeliver goods to customers Plan the supply chain With the advent of e-commerce, the supply chain has become more complex. With so many different product categories, a company must figure out how to optimize its supply chain for each product type. If a company doesn’t plan its supply chain well enough, it could waste inventory and slow delivery times. Source materials The second step in knowing how supply chain management is used with e-commerce is sourcing materials. This includes finding suppliers and negotiating contracts with them. It can also mean managing your materials if you are planning on selling directly to customers rather than through retailers or other distributors. Manufacture products This step involves processes like injection molding or 3D printing and assembly lines where workers combine finished products from components sourced elsewhere in the supply chain. Store product inventory The next step in the e-commerce supply chain is to store product inventory. This means that you need a warehouse to hold all your products and a system for storing and tracking them. Plan delivery routes and routines Once you have an inventory system in place, you need to plan how you will deliver your goods to customers. This includes figuring out what routes are best for different types of deliveries and how often they should occur. Some companies use their employees as delivery drivers, while others hire outside contractors or partners to help with this process. Deliver goods to customers The final step in understanding the supply chain in e-commerce is getting your product from its warehouse into the world where customers can buy it. This may involve sending a truck with an employee driver to make local deliveries or hiring a third-party logistics company (3PL) that specializes in shipping large quantities of products across long distances using specialized vehicles like boats or trains. Benefits of supply chain management in e-commerce When you are operating in the e-commerce space, it is essential to have a solid supply chain management strategy in place. It is the only way you can ensure that your customers are getting the best possible experience and that your costs are as low as they can be. But how does it benefit you as an entrepreneur? Here are few benefits of supply chain management in e-commerce: Reduced cost Cost is a huge factor when it comes to e-commerce. When you consider the amount of time, energy and money that goes into developing, producing, marketing and distributing a product, the last thing you want to do is spend money unnecessarily. E-commerce is a massive and growing market, but it is also very complex. By implementing supply chain management, you can reduce the cost of shipping, improve customer service, and more. Better customer experience Your customers depend on you to provide them with the best possible experience, and they will tell everyone they know if you don’t. Supply chain management helps you keep your reputation intact by ensuring every product arrives on time and in good condition. Improved quality control Supply chain management allows for more accessible quality control by monitoring shipments and communicating with suppliers about any issues that arise during shipping or production. This ensures that quality is maintained from beginning to end of production and delivery. Improved inventory management With supply chain management, there’s no need for inefficient inventory management practices like overstocking or understocking because the system will monitor how much stock is available at each location, so you always have just enough on hand but not too much or too little. Improved delivery time With a supply chain management system, you can predict the delivery time for your customers. This means that instead of guessing when your customers will receive their products, you can make an accurate estimation and send it to them. Improved communication between employees You can create a communication platform where all employees can communicate with each other quickly and effectively in one place. A company wide communication system will help ensure that everyone stays informed and communicates effectively. Real-world applications of Supply Chain Management in e-commerce Understanding the basics of SCM is essential before you implement it in your business. Here are some examples of best practices and applications of SCM in e-commerce around the world: Keeping track of inventories Amazon’s warehouse workers use a handheld device to scan items as they come in, which automates much of the manual data entry process. This allows Amazon to keep track of inventory levels at all times and ensure no gap exists between the arrival of a product and its sale. Monitoring supply chain with the help of data analytics E-commerce giant Alibaba uses big data analytics to monitor supply chains, allowing them to identify trends in consumer behavior so it can better anticipate demand for specific products or services. This helps them improve their service levels and reach new markets faster than their competitors. Tracking food products with blockchain technology Walmart recently announced that it would use blockchain technology to track its food products. This will allow the company to provide customers with more accurate information about where their food comes from and what’s in it. Identifying customers needs with AI tools Companies use supply chain management in e-commerce by using artificial intelligence (AI) software. AI software lets companies know precisely what their customers want at any given time, so they can quickly meet demand without overproducing or underproducing products. Wrapping up The supply chain management course available on the Online Manipal platform is a lucrative career choice. It combines the strengths of various disciplines, including business, technology, and the sciences, to give you a well-rounded education that will help you succeed in any field. Whether your goal is to become a supply chain manager or another position within the field of SCM, there are many benefits to choosing Online Manipal. You will gain access to high quality instruction from professors who have real-world experience with the topics they teach. You will also have access to the same curriculum taught in-person at all MAHE campuses worldwide, which means you can transfer credits easily if you decide later on that you want or need to switch programs or schools. If you are ready for an exciting new career as a supply chain manager, take advantage of this opportunity today. Key takeaways: MAHE’s supply chain management program will help ensure that your customers get what they want when they want it, leading to happier customers and repeat purchases more often. Customers expect to be able to purchase items at any time, so it is critical that you have an accurate supply chain management program in place and that you can keep up with demand. With a robust supply chain management program in place, you will be able to reduce costs associated with shipping and storage, as well as increase profits through better pricing on orders.
Logistics & Supply Chain Management job interview questions and answers Key takeaways: Logistics management has a wide scope and offers numerous career options such as logistics manager, logistics analyser, logistics supervisor etc. Supply chain management includes a lot of activities, including logistics management. Logistics and SCM interview questions help individuals prepare better for the interview. Modern logistics managers must be well-versed with technologies like the Internet of Things (IoT), machine learning, and predictive and artificial intelligence. With the growing stronghold of e-commerce businesses across the globe, logistics and supply chain management have become more significant than ever. The processes involved in the to and fro of goods need to be robust through and through. Besides, it also necessitates the involvement of many personnel at various checkpoints. This includes managing the transportation of freight, parcels, raw material and finished goods from the originating point to the end consumers. While most firms today utilize tools and digital software to automate the process, some continue the process manually, depending on the scale of the organization. This also demands professionals who can effectively oversee activities at different levels. So, if you are looking forward to making a career in logistics and supply chain management, this article will help you crack the interview and acquire a job role that best compliments your caliber. Important Logistics interview questions Following are the most important questions often asked in the interview for various posts related to logistics – What is the role of a logistician? A logistician manages supply chain, transportation and storage of materials. What do you mean by advanced shipping notice? Before the delivery, the customer is given a detailed shipment information notice, known as an advanced shipping notice. It includes information such as the shipment route and its expected arrival time. Explain affreightment. The contract between the ship’s owner and the merchant is known as affreightment. According to this contract, the merchant rents the space on the ship for an agreed amount and period. They have to make the payment, whether the ship is ready for shipment or not. What is consignment inventory? Consignment inventory is a supply chain model or a business agreement which is in possession of the customer. It means you will pay the supplier only after their goods are sold. What is anti-dumping duty? It is an import duty which is implied on imported goods and priced comparatively less than the regular price in the exporter’s domestic market. This causes a loss to the domestic industry of the country. What is cross-docking? Cross-docking is the process that includes unloading materials from a semi-truck and loading them onto outbound trucks or trailers. This significantly reduces operating costs, handling costs and storage costs. Explain batch picking and wave picking. Batch picking is the technique of transporting inventory by grouping it into small batches in a single go. On the other hand, wave picking is a technique in which the orders are assigned into groups and released together so that several activities can work together. What is the difference between logistics and transport? Logistics is the procedure that involves managing goods, their information and other resources from the source to the customer in a way that meets the requirements of both parties. On the other hand, transportation is the movement of goods from one place to another and is part of logistics. Explain reverse logistics Reverse logistics is the compilation of all the processes that are used for goods moving in the reverse direction- transporting goods from the customer to the business. What are carton clamps? Carton clamps are the most versatile attachments used for handling unmatchable products like cartons, appliances, furniture etc. Important Supply Chain Management interview questions Let us now have a glimpse at the ten most important questions to crack a supply chain management interview. What is the role of supply chain manager? Supply chain management or SCM is the role that includes supervision of the elements of a supply chain, such as raw materials, finances, etc. Supply chain management works to improve the flow of tasks beginning from production to the shipping of commodities. What should an employee do to be a successful SCM? An employee needs to possess good communication capabilities and know how to negotiate with suppliers. They should also have good customer support skills and should be professional and polite. They must possess cost accounting skills, have the ability to understand financial statements, understand e-business and e-procurement systems and practice business ethics. What should an SCM do in case the factory runs out of inventory? The SCM should deal with this situation calmly and start by figuring out the remaining amount and the shortage levels. Then, they should connect to the supplier that can provide the lacking stock on an immediate basis. What is the ulterior motive of supply chain management? Supply chain management works to maximize the efficiency of an organization by obtaining effectiveness in all activities. It is a mandatory process to help organizations fulfill the expectations of their customers while ensuring minimal waste. This ensures effective utilization of time and effort of all stakeholders in the organization while lowering expenses. What is the difference between direct and indirect distribution channels? Direct distribution channels have no intermediates between them, and the seller makes direct sales to the buyers. It is advantageous for small businesses. Indirect distribution channels, on the contrary, include wholesale suppliers and are good for large-scale productions. They increase the cost of the product as the products pass through multiple channels and vendors. What information is included in the bill of lading? The following details are included in the bill of lading- Name and address of the receiver and the firm Special account number used for tracking Date of the shipment Instruction for secure delivery Number of shipping units Type of packaging Description of the shipped material Value of the goods being shipped Disclaimer for hazardous substances Weight for each commodity separately and the inclusive weight for all commodities Freight class of the items shipped Mention the activities to be performed at the operational level. The mandatory activities to be performed at the operational level in logistics include the following- Checking and goods receipts Bulk storage Order picking Order marshaling Stock replenishment Load scheduling Returns Availability of employees Stock update Documentation What factors is the freight class based on? A freight class is based on four factors- The density of the shipment (weight per cubic foot) Freight to ability (width and length based) Ease of handling (effort required in transporting) Liability (liability to break, damage, or perish) What are the vital components of inventory preparation and management? The two most vital components of inventory preparation and management are examining the product orders and inventory figures to find out the number of items required for the upcoming months. Mention the differences and similarities between supply chain management and logistics. Similarities between logistics and supply chain management- They focus on boosting the earnings of the company. Their main goal is the achievement of customer satisfaction. Differences between the two- LogisticsSupply Chain ManagementLogistics is an individual activity that is a part of supply chain management and ensures management of goods efficiently. Supply chain management involves several processes including inventory planning, raw materials, products, labor cost, etc. Logistics focuses on the effective delivery of items from the sender to the receiver.SCM adds value to the operational process. Experts in supply chain management oversee the improvement of raw materials and tackle the transportation of goods and services. How to prepare for Logistics and SCM job interviews? Before applying for any interview, you must read the job description thoroughly to ensure whether you will be able to fulfill job requirements successfully. You must ensure whether you have the necessary skills to take up the job role. Here are a few tips that can help you prepare for your Logistics or SCM interview better. Get a strong hold on terminologies There are a plethora of terminologies and acronyms associated with both logistics and supply chain management. You should know the full form and the meaning of all of them to answer correctly in an interview. Some commonly used terminologies relate to – 3PL/4PL LTF/FTL Types of trailers Ocean, air and ground freight Carries Freight forwarders Domestic and International shipping Prepare the most basic questions You should have answers ready for the most basic question with the highest chance of being asked in the interview. It may include- “Why logistics?” “Why supply chain management?” “What is the role of a logistician?” “What skills are required to be a supply chain manager?” Research and practice as many questions as possible You can look for questions online, in some books or ask candidates who have been to a similar interview recently. You can note down all the questions you gather and create answers for them so that you can be prepared if any similar question is asked to you. Build a portfolio You must build and carry a portfolio to the interview containing all the necessary documents, such as your qualifications, resume, previous experience letters etc. Practice conversation Sometimes, candidates are quite confident and know all the answers but cannot give appropriate answers due to a lack of conversational skills. You should practice conducting casual yet informative conversations with your interviewer for an interview, portraying problem-solving and problem-handling skills. Closing With the prototype questions and tips for preparation mentioned above, you can prepare a strategy to crack your logistics and SCM interview. Or, you can take the help of the Supply Chain Management course offered by the Manipal Academy of Higher Education (MAHE). MAHE, in collaboration with Online Manipal, brings to you the PGCP in Logistics and Supply Chain (PGCP LSC) course for working professionals to help you build an extensive career in the field. With all the requisite notes for the exam and the interviews, and multiple hours of live lectures, the mentors at MAHE guide you and prepare you for an amazing career option.
What is an IPO? How does a startup list in the stock market? What is an IPO? IPO full form is Initial Public Offering. It can be defined as the first instance when a privately held company raises money by selling its securities and shares to the public. After the IPO, the issuing company is considered a public company. This transformation of a private company into a public company is a crucial moment for private investors to cash in profit returns on their initial private investments. It is because an IPO consists of a share premium for existing private investors. But there are still many questions that remain like: How does a company go public? What are the benefits of going public? How can you invest in an IPO? Why do companies go for an IPO? Read this blog post to learn more about the types of IPO, how an IPO works and investment opportunities with an IPO as an investor. Types of IPO The two common types of IPO are listed below: Fixed Price Offering Fixed Price Offering is the type of IPO where the stock issuing company determines a fixed price for the initial sale of the shares. In this type of offering, the investors are informed of the price of the stocks before the company is made public. The demand for stocks from the share market can be determined after the issue is closed. The investors need to pay the full share price while filling out the application to participate in this type of IPO. Book Building Offering Book Building Offering is the type of IPO where the stock issuing company offers a 20% price band on the share price to the investors. Then, the investors bid on the share price to determine the stock’s final price. The investors need to highlight the number of shares they want to purchase and the share price they are ready to pay. The Book Building Offering IPOs do not have a fixed price (like the Fixed Price Offering). In this type of IPO, the lowest price of the share is called the floor price and the highest price of the star is called the cap price. The final price of the share is finalised using the bids from investors. Why do companies go public? A private company considers going public for the following reasons: Raise funds: IPOs are a great way to raise funds for a private company. These funds can be used for business expansion, hiring, research and development, clearing debts, etc. Improve public image: The IPO process helps the company to be known in the Stock Market. It can help the company in business matters like valuation, mergers and acquisitions, etc. Valuation estimation: After listing the company’s stock, the company’s valuation can be determined based on the price per stock that the customer is willing to pay in the stock market. Improve credibility and trust: The IPO process boosts the trust among customers regarding the company and its products and services. It also improves the company’s credibility in the eyes of the governing financial body. Price transparency: The IPO process generates a lot of funds for the company, which will boost price transparency. The company can also create a liquid entity for the long-term shareholders. Steps a company must take to go public via an IPO Below are the five essential steps that a company must take to go public via an IPO: Hire an investment bank The IPO issuing company must hire an investment bank for advisory and underwriting services. In the IPO process, investment banks act like intermediaries between the company and the public investors by providing underwriting services. The selection of bank is generally undertaken according to the following criteria: Industry domain expertise Prior engagements with the bank Quality of research carried out The reputation of the bank Security distribution ability Underwriting agreement and regulatory filings The investment bank can have the following types of underwriting agreements with the issuing company: Best efforts agreement: This agreement doesn’t guarantee the amount raised through the IPO. The underwriter only partakes in the sale of securities for the company. Firm agreement: The investment bank guarantees a specific amount of funds raised in the IPO process under this agreement. The investment bank buys the entire offering and sells it to the public investor with adequate margins. All or none agreement: Under this agreement, the offer will be annulled if all the shares offered are not sold. Syndicate of underwriters: IPOs can be administered by multiple underwriters also. One of the investment banks will be appointed to head the other underwriters. Under this agreement, all the underwriters sell a portion of the shares offered by the issuing company. It is generally done to mitigate the risks involved in an IPO investment. The underwriter(s) are in charge of curating all the documents listed below: Engagement letter: It consists of the reimbursement clause and the gross spread (also known as the underwriting discount). Letter of intent: It consists of the following details: The commitment by the underwriter to manage the IPO process of the issuing company. The issuing company’s commitment is to facilitate the underwriters with all the information required in the IPO process and collaborate in all the due diligence activities. The issuing company’s agreement is to offer a 15% over-allotment option to the underwriters. Underwriting agreement: This document comes into effect after the initial price of the securities is finalised. Registration statement: It consists of the IPO-related information, financial documents of the issuing company, insider holdings, background of the executive management of the company, legal cases against the issuing company, etc. Red Herring document: This document is the initial prospectus drafted by the underwriter, which consists of the information about the issuing company, the effective IPO date and the IPO price. Set the offering price The IPO details need to be approved by the governing financial body (SEBI in India, SEC in the United States, etc.). After the approval, the date of the IPO is decided. The issuing company and the underwriter collaborate together to determine the offering price a day before the IPO date. The offering price is based on factors like economic stability in the market, the economic stability of the issuing company etc. After-market stabilisation After the IPO is issued, the underwriter is responsible for performing market analysis and offering expert insights on after-market stabilisation to build a market for the shares distributed in the IPO. Transition to market competition Now, the final step of becoming a public company is the transition to market competition. It generally starts 25 days after the IPO date. At this point, the underwriters offer data-driven insights about the fund collected and the final valuation of the issuing company. How does a startup benefit from an IPO? A startup can benefit from an IPO in the following ways: It offers access to a large pool of funds which can be used for business growth. It establishes diversity in the ownership of the shares of the company. This ensures that a few big investors aren’t calling the shots in the company. Startups receive positive publicity when their IPO is launched. This helps in improving the chances of acquisitions and takeovers. The company can now offer stock options to its employees after the listing of shares in the stock market. It is easier for companies to raise more money if they are listed public companies. Can an IPO help a company grow? An IPO process provides immense opportunities for growth to the companies. IPOs generate a large sum of capital that you can use for business expansion, hiring more employees, launching more product ranges, etc. Furthermore, the IPO process lists the company in the stock market, which improves the trust factor and credibility of the company. This will help the company to conduct business activities with other external entities. Finally, the funds collected from the IPO process help the company to have liquidity for future growth. Should you invest in an IPO? IPOs are very popular among public investors. This is because IPOs create volatile price fluctuations on the launch date of the IPO and some days after the launch. These volatile price fluctuations provide a great opportunity for investors to realise huge gains in the stock market. However, it can also bring huge losses. Things to consider before investing in an IPO Some important things to consider before investing in an IPO are as follows: There is a risk factor you need to consider before investing in an IPO. There is a chance that you might lose money in the investment. The income generated via the stock market is taxable. Applying to an IPO process doesn’t guarantee that you will receive the shares. There is a chance that you might not get the stock if your placed bid is lower than the IPO price. Make sure to read the prospectus before selecting the company and price per share. Know if you’re eligible to invest in an IPO You must fulfil the following eligibility criteria to invest in an IPO: The investor needs to have a Permanent Account Number. The investor needs to have a Valid Demat Account. If the investor is planning to sell the stocks on listings, he/she needs to have a trading account as well. Steps to invest in an IPO You need to take the following steps to invest in an IPO: Select the IPO issuing company: First, you need to select the company whose IPO shares you want to purchase. You can look into the initial prospectus and other information sources to determine the IPO issuing company. Manage the investment funding: Once you know which company’s shares you want to purchase, you need to manage the funds that will be needed to make the purchase. Open a Demat and trading account: The next step is to open a Demat account. You will not be able to apply for an IPO without a Demat account. It is highly recommended to open a trading account also along with the Demat account. Apply for the IPO: Now, you need to fill out the ASBA (Application Supported by Blocked Account) application forms. You also need to provide your Demat account details, Permanent Account Number, bidding information and bank account information in the application. Place your bid: In the last step, you need to specify your bidding information with the ASBA form. Allocation of shares: Finally, the shares will be allotted to the applicants in this step. The quality of shares allotted will depend on the supply and demand of the shares. Advantages of investing in an IPO Here are some of the advantages of investing in an IPO: Liquidity: Investors can sell their shares in the market to get liquid cash. Listing gains: When the price of the share increases on the day of listing, the investors can realise listing gains on their investment. Small retailers: Governing Financial Bodies make sure that small retail investors have a fair chance to participate in the IPO process. Cheap shares: The price of shares are generally the cheapest during the IPO stage. Hence, you can realise greater profits if you get an IPO. Shareholding: Anyone who purchases a share of a company is known as its shareholder. Some companies offer various benefits and perks to their shareholders. How does an MBA in Finance teach about IPOs? If you want to learn more about IPO and how it works, you can pursue an MBA in Finance from Manipal University Jaipur. Manipal University Jaipur is a NAAC A+ accredited university that offers UGC entitled MBA programme in Finance to its candidates. During this course, you will learn subjects like Accounting, Stock Market, Investment Banking, Portfolio Management, Business Analytics, etc. An MBA in Finance can teach you everything you need to know about IPOs. The subjects and concepts taught in an MBA in Finance will help you gain expertise in the stock market and the IPO process. During your MBA in Finance, you will solve several case studies based on real data that will prepare you for investment opportunities in the future. Also read: Guide to MBA in finance course Conclusion IPO or Initial Public Offering is defined as the time when a privately held company goes public by selling its shares to public investors. There are two main types of IPOs: Fixed Price offering and Book Building offering. The IPO process is beneficial for both the issuing company and the investors. You can consider applying for an MBA in Finance degree if you want to gain skills and knowledge relevant to the IPO process and the stock market. Manipal University Jaipur offers an online MBA Finance course with free access to Coursera, which you can use to develop skills needed to excel in the stock market.
What kind of work experience is favorable for MBA aspirants? Many business schools prefer candidates with at least 2 to 5 years of work experience, which is ideal for an MBA program. Having professional experience in a huge corporate firm gives you a competitive edge. When applying for an MBA program, highlight all your achievements, skills, and qualities. An MBA degree looks for a professional experience which involves various leadership skills. Every MBA aspirant might wonder if work experience helps in pursuing an MBA. The answer is yes. Having real-world experience provides you with better insights into business and management studies. Professional work experience provides candidates with a certain level of maturity and managerial ability, which helps candidates become experts in the field. Pursuing an MBA with prior work experience not only helps you plan your future better but also gives you an edge over others. So, what kind of work experience is required for an MBA? Let’s find out. Is work experience required to enroll in an MBA program? There is no fixed rule about how much work experience is required to pursue an MBA. However, most prestigious institutes prefer students with a minimum of two years of experience in the relevant field. Amid cut-throat competition, students who possess 2 to 5 years of experience are more likely to get admission. The admission requirements vary from B-school to B-school. Some allow freshers to pursue an MBA, while some only have a few seats that the most experienced people fill. Thus, it is recommended that before choosing an institute for your MBA, you must research well about their experience requirements and select a school whose criteria you can match. How many years of work experience is right for you? Pursuing an MBA degree with a professional work experience of at least one year will provide you with a more practical approach and give you the best output of the course. Therefore, if we look at the placement reports of top business schools in India, they indicate that an average work experience of 2-3 years is ideal. These b-schools also have candidates with up to 5 to 8 years of work experience. If you are looking forward to applying for an MBA program, 2 to 5 years of work experience is considered an ideal work experience in most cases. Is it good to go for an MBA after 2 years of work experience? Yes, with a minimum of two years of work experience, candidates can successfully apply for all the MBA programs in India and abroad, which will also help them land in a high-paying job after completing the course. Hence, it can be said that candidates having a professional work experience of at least two years are considered to have a decent profile for an MBA. While pursuing an MBA degree, there are a lot of perks to having professional work experience as it helps you in learning and applying the concepts in rela life. Read more – Why should i do an online MBA? Is too much experience good or bad? Many B-schools prefer candidates with work experience but not many years experience (i.e., more than eight years). This is because an MBA program is designed as a hands-on experiential learning program where candidates enrich the learning environment with their previous working experiences. This course requires candidates to have a certain level of maturity, skills, and managerial ability, which comes from professional full-time work experience. So, having too much work experience may go wrong. These candidates are more likely to grow restless in their roles post their MBA. Typical work experience for an MBA program Based on your experience in the field and your position, the quality and intensity of your MBA program may vary. Typical work experience and the MBA programs related to them are mentioned below. No. of yearsBenefits to student2 yearsThis is the minimum work experience required for most of the MBA programs. It helps you get basic hands-on experience, providing a great start to your career.3 yearsCounts for opening a few opportunities in specialized courses like finance, marketing and entrepreneurship.5 years Gives you a strong chance for admission in specialized MBA programs. Counts as your professional experience and if it is managerial work then you may get an opportunity for executive MBA programs. Provides you with an opportunity for full-time work during the program.8 yearsOpens up multiple opportunities for a student in various courses It is expected only at a few business schools What kinds of experiences are ideal for an MBA? None of the top b-schools specifically mention the kind of experience that students or candidates must have. An MBA degree always welcomes students coming from diverse backgrounds along with their unique skills. No matter what kind of work experience you have, candidates need to possess leadership, problem-solving, and many other soft skills to get an edge during the MBA program. However, students with certain work experience may be preferred over others. There is a direct connection between work experience required for an MBA and the quality of the program. There are specialization courses for MBAs for which students must have relevant experience to gain a clear understanding and knowledge of the program. These specialization courses include – MBA in Finance MBA in Marketing MBA in Human Resource MBA in Digital Marketing MBA in Operations MBA in Healthcare Management MBA in Risk Management MBA in Marketing Management MBA in Supply Chain Management MBA in Business Analytics MBA in Data Analytics All of the above courses require thorough knowledge and experience in the relevant industry before entering the course. Ensure you have proper experience according to the stream you are willing to enter. For example, if you want to pursue your career in MBA finance, you should have an experience as an accountant or finance manager or analyst to gain a proper understanding of the subject and concepts. Explained – What kind of work experience is required for an MBA Corporates vs Start-ups A huge corporate firm can give you instant recognition, and the latter will not have to think twice while shortlisting a candidate with such a kind of corporate job experience. However, if you can gain all the necessary skills while working with a start-up, it can act as a game changer during your MBA journey. But remember to educate the interviewers about your qualities and your skills acquired during the work experience. If you fail to do so, you might miss out on a few opportunities while succeeding in your career path. Whether the candidate has experience working with a corporate firm or a start-up, all an MBA degree needs is a certain set of skills and the ability to effectively fulfill managerial responsibilities. Family business experience Indeed, a family business experience does not hold as much value or reputation as a corporate firm or a start-up. However, in some b-schools abroad, the family business experience is more important than an experience at a huge corporate firm. It also depends upon what kind of family business you have. If you have a rapidly growing and lucrative family business, having an experience in it will make you stand out. If not, you must focus more on brushing up all your skills and qualities. Internship experience Do internships count as work experience for an MBA? Generally, internship experience is not necessarily counted as professional work experience when applying for an MBA program. However, doing an internship may add some value to your CV. Some universities consider internships as work experience. If you are a fresher, doing an internship is the best way to highlight all your skills and qualities when undergoing the interview process. This may also help you to get a preference over the other fresher candidates during the selection procedure. However, the value of your internship experience may vary depending on the nature of your internship and the type of organization. You will need to prepare to fit the exact criteria to reach your desired goals. Part-time experience Many students start working when in college. So, if you are a candidate with such part-time work experience, you might be wondering whether this kind of experience is considered for an MBA or not. Unfortunately, most b-schools do not count part-time experience for an MBA program. However, just like internships, part-time work experience may also be valuable to your CV. At last, when it comes to pursuing an MBA degree, no kind of work experience is considered to be ideal. Whether a full-time corporate job, volunteering, or internship experience, an MBA degree looks for a work experience that portrays your most impressive qualities, skill sets, diversity, and uniqueness. Can my experience be outside of work? This is one of the most concerning questions among MBA aspirants. The answer here is simple. Regardless of the field or position, any full-time work experience after completing your bachelor’s degree is considered professional work experience for an MBA program. Generally, an MBA program looks for evidence of a certain set of desired skills, including effective communication, strategic thinking, creative problem-solving, leadership, teamwork, analytical thinking, and various interpersonal skills. Read more – How to keep your MBA dreams relevant in 2023 Is work experience necessary for an MBA? When discussing an MBA program, work experience is always considered a strong and essential factor. However, it is not necessarily important to have professional work experience for an MBA program. Many b-schools in India accept candidates without any kind of professional work experience. If your application has an exceptional CGPA and extracurricular activities, it may be enough to counterbalance the lack of work experience. Also, pursuing an MBA early may help you network expertly in the professional world while beginning your career journey. Will I get an MBA admission without work experience as well? Yes, there are MBA without work experience that you can get into. Universities and institutes often conduct entrance exams for admission into their MBA program. The students who acquire the highest marks fill up the seats respectively. Some institutes might demand prior experience, while others may not, depending on their admission policy. However, if your application contains some whopping elements such as a strong GPA or a GMAT score or any other skills you have possessed in your academic period, you might impress the faculty and get admission. In this regard, extra-curriculars and community service can also increase the value of your MBA application. Conclusion Surely, Online MBA courses provides value addition to your career path and an understanding of various business practices. So, while pursuing an MBA degree, having atleast 2 years of professional experience can help you to gain better future outcomes. To help experienced personnel add up to their skills with substantial knowledge about the business industry, MAHE brings the Masters in Business Administration program for working professionals, which you can find on the Online Manipal platform. Candidates can pursue the online MBA program offered by MAHE anywhere, anytime. They can take essential lessons with real-life examples and expert guidance from multiple industries.
How can BCA graduates increase their earning potential? A BCA degree is required in the modern world; however, it is insufficient if someone does not pick the right courses after it, as it would then become difficult for them to find money-making professions. After earning a BCA degree, one must pursue post-graduation coursework or a professional credential to have a successful career. After BCA, students have a variety of employment alternatives at their disposal; however, not all students are aware of the various paths they can pursue to establish BCA job chances. Focus on your skills and complete internships throughout your college breaks if you desire higher pay after receiving your BCA. Colleges just award degrees, they do not impart any transferable skills. An internship can teach you things that you cannot learn in theoretical classes. Through this article, we will examine the finest career paths, concentrating on computer-related professions with promising job outlooks you can pursue after a BCA degree. To make the best choice, one needs to be aware of all available careers after earning a BCA. In addition to the BCA’s range, the following list of excellent courses is provided for your consideration: Obtain an MBA Getting an MBA is one of the most preferred path after a BCA. The topics covered in a Master of Business Administration programme include administration, planning, financing, human resources, and other crucial business disciplines. Although this industry is distinct from the field of technology, it undoubtedly provides benefits. Get into data science You can pursue a career in data science if you’ve always had a fascination with statistics and numbers. There is a great need for data specialists in today’s industries with the fastest growth rates worldwide. Numerous fields, such as technology, FMCG, marketing, and others, use data science. Career in digital marketing After earning a BCA, pursuing a career in digital marketing is one of the most common choices. Digital marketers are becoming more and more important as firms migrate online. Businesses need the skills of digital marketers to market their goods and services online and increase sales. You have the choice to work as a digital marketer in this profitable industry as a BCA graduate. To do this, you’ll need to acquire the necessary abilities and aid in the online expansion of firms. After BCA, one of the top courses in digital marketing. Understand product management Product Management is a distinct and intriguing response to the question, “What to do after BCA?” Product managers are knowledgeable about all phases of a product’s development as well as its marketing. They assist businesses in identifying, developing, and delivering products that meet the needs of their clients. Consider the Blockchain Sector Consider Blockchain as an option if you’re unsure of your next steps following BCA and looking for a relatively new industry. The blockchain industry is rather new compared to the other industries we’ve covered here. Although it has only been for a short time, it has already increased the demand for talented workers and given freshmen some of the top tech positions. You might choose to enter this profitable industry as a blockchain professional after earning your BCA. After a BCA, one of the top employment paths is blockchain development. Become an expert in cybersecurity Still looking for alternatives before deciding what to do following your BCA. The vulnerability of online platforms was demonstrated by the recent hacking of well-known Twitter accounts. It also reflected the importance of cybersecurity expertise. You can pursue a career in cybersecurity if you are interested in encryption and security. Everyone needs the services of cybersecurity professionals, from government agencies to international corporations, making this one of the top post-BCA employment prospects. Pursue a Master of Computer Applications degree If we didn’t have MCA on our list of suggestions for what to do after BCA, our list would be incomplete. Another well-liked option for courses after a BCA is to pursue an MCA (Master of Computer Applications) and improve one’s specialisation. It gives you the abilities and information required to work as an IT expert. After BCA, MCA is one of the most popular courses. Check out: What to expect after completing an online BCA degree Is an MBA a good postgraduate degree for BCA graduates? A popular and highly desired postgraduate programme among students is the MBA. You would have two options if you completed your undergraduate degree in a technical subject like BCA. To enhance your technical skills, either take a postgraduate degree in MCA, MIM, or MCM or opt for a management profession. How an MBA helps you get high-paying jobs If you’re interested in a career in business, an MBA can be a useful advanced degree because it can help you develop important business skills and boost your credibility. Your income potential can be considerably increased by earning an MBA. What business field you specialise in will typically determine how much money you may make with an MBA, so it’s crucial to know what professions pay the highest incomes. In this post, we define an MBA, discuss the kinds of professions it can help you land, and offer a list of the highest-paying positions that require an MBA. A master’s degree in business administration, or MBA, is an academic credential provided by business schools. It normally takes two years to finish this advanced degree. Possessing critical commercial and management abilities, including research, long-term planning, and leadership, are demonstrated by holding an MBA. Students who enrol in an MBA programme take classes in accounting, economics, and marketing, with the option to specialise in a business-related field. Among the top specialisations are: Finance Business Analytics Business management Marketing management Logistics management Operations management Human resource management Healthcare management Rural management Event management Information technology One of the main advantages of this degree is that it frequently leads to higher compensation because employers think those with an MBA have a wider range of critical business knowledge and skills. For instance, a finance analyst with an MBA often makes a lot more money than a finance analyst with a business administration bachelor’s degree (BBA). However, keep in mind that other criteria, such as your specialisation and the business school you attended, may also affect your specific compensation. Although an MBA primarily trains you for a position in business administration, the abilities and information you acquire from it are immediately applicable to a variety of other business and business-related positions, such as: Commercial consulting Business activities Banking and Finance healthcare administration Marketing information technology Public Affairs community service Why is an online MBA in Analytics and Data Science a popular degree? The growing need for data experts and high compensation are the main justifications for taking an online MBA degree in Data Science. You will be able to interpret organisational data, design and create data management procedures, and use data to guide important business decisions if you pursue an online MBA in Data Science. Check out: Important concepts to learn during an MBA in Analytics and Data Science Technical skills you learn during your MBA in analytics and data science programme Data visualisation: The depiction of data through the use of typical graphics, such as infographics, charts, and even animations, is known as data visualisation. These informational visual representations make complex data relationships and data-driven insights simple to comprehend. Data wrangling: Data wrangling, also known as data cleaning, data remediation, or data munging, refers to a number of procedures intended to convert unstructured data into formats that are easier to work with. Depending on the data you’re using and the objective you’re trying to achieve, the precise approaches vary from project to project. Programming: Methods and procedures that tell computers what to do are known as computer programming techniques. These instructions, collectively referred to as “code,” are created by computer programmers to solve issues or carry out particular activities. Machine learning: Large data sets are used in machine learning, so it is essential to have a solid foundation in fundamental concepts like complexity, computer architecture, algorithms, and data structures. Exploring new ideas and going in-depth with the programming books can be beneficial. Deep learning: Artificial intelligence (AI) and machine learning techniques called deep learning models help people acquire specific types of information. Data science, which also encompasses statistics and predictive modelling, contains deep learning as a key component. Data extraction: Data administration, software development, and other sophisticated fields are all needed in the difficult field of data mining. Critical and creative thinking skills are essential for success in the profession because they may be used to uncover important data patterns and insights by leveraging resources and tactics in novel ways. Also read: Top 10 essential data analytics tools in 2022 Essential soft skills you learn during an MBA degree Business sense: The ability to comprehend and handle a variety of business circumstances is known as having business acumen. This skill set combines a number of diverse skills rather than being restricted to just one to develop a high competency in business acumen. Intellectual curiosity: The urge to know more about the world and uncover the answers to bigger issues is referred to as intellectual curiosity. People who are intellectually curious frequently enjoy learning how systems operate, understanding why people behave in particular ways, or analysing the underlying causes of a decision. Interpersonal skills: People skills, social skills, and social intelligence are all terms used to describe interpersonal skills. They entail accurately analysing the signals that other people convey in order to formulate successful answers. People constantly demonstrate their interpersonal abilities just by interacting with others. Problem-solving skills: Employees must be able to overcome obstacles to guarantee that they are valued team members and that the organisation works efficiently. Employees who take the initiative to seek guidance from others also become knowledgeable, dependable team participants, even if they are unable to solve the problem themselves. Decision-making: Decision-making abilities may make a difference in our ability to make a decision that enhances our organisation’s reputation, our future, etc. The capacity for decision-making is always a leadership quality that demonstrates our capacity for critical thinking to advance our objectives. Critical thinking: The capacity for factual analysis and opinion formation is known as critical thinking. It is a type of emotional intelligence.. When the occasion calls for it, a person with critical thinking abilities can think clearly and logically. They are able to make decisions and solve problems more effectively as a result. Why is Manipal University Jaipur’s MBA in Analytics and Data Science a great choice for BCA graduates? The online MBA in Analytics and Data science offered by the Manipal University Jaipur is a 2-year programme that trains professionals to address complicated business problems in the future that call for the integration of data-driven decision-making modules into IT, contemporary software, and mobile apps. Manipal University Jaipurs has been recognised and accredited by regulatory bodies like . the University Grants Commission, the National Assessment and Accreditation Council, the AICTE, WES, and ICAS. Upon completion of the degree, Online Manipal’s placement assistance cell prepares students for jobs through mock tests, resume building, interview tips, etc. MUJ’s online degrees are highly valued in India and abroad and are accepted by employers worldwide.
How do Google Cloud Computing Foundations help the career of BCA students? Our perspective on data storage and accessibility has changed due to the development of Google cloud computing as part of the digital revolution. We deal with cloud technology in every facet of our daily life. Everyday tasks use the cloud, including banking, email, streaming media, e-commerce, and others. Applications, infrastructures, storage, and CRM are all present in the cloud from a business perspective since it offers flexibility and agility. The global pandemic has accelerated the deployment of cloud technology in numerous ways to maintain data accessibility at all times, avoid disrupting business operations, and enable responsiveness. It’s no surprise that business in the cloud sector is booming. The skill set needed in the current industry has evolved dramatically, and cloud computing career prospects have increased. Numerous cloud computing career prospects have emerged in the job market as more and more businesses switch from their conventional data-centric approach to cloud-based services. As many businesses go through this significant shift, it is necessary to have IT employees and cloud experts to make the most of the investment made by a business by utilising cloud-based architecture. Advantages of learning Google Cloud Computing Foundation during your BCA? Google offers a 4-course series titled Google Cloud Computing Foundations for individuals with little to no background knowledge or expertise in cloud computing. The 4 series include: Cloud Computing FundamentalsInfrastructure in Google CloudNetworking and Security in Google CloudData, ML, and AI in Google Cloud It gives an overview of key terms related to big data, machine learning, and cloud fundamentals, as well as how Google Cloud comes in. In this free online course, you will discover how to use the Google Cloud Platform (GCP) for creating apps and APIs, machine learning, networking, cloud security, storage options, and more. By taking this thorough foundation course, you can improve your knowledge, skills, and career prospects. Those enrolling in this course should: Have familiarity with basic IT concepts and be eager to learn more about ML and the cloud.Know at least one language, such as Python or Java.SQL and shell scripting fundamentals should be familiar to you. Why should you learn cloud computing? Cloud computing has developed over the last ten years to become the cornerstone of many IT operations and solutions. Research indicates that it will do so for the foreseeable future. The need for expertise in cloud computing seems to be growing and shows no indications of slowing down. Employers recruiting for non-technical job roles now demand and anticipate that their employees have a working grasp of at least one cloud platform. Obtaining a certification that demonstrates your knowledge is preferable if you are an IT professional searching for work in the cloud industry. By passing a cloud certification, you can illustrate your dedication to your job if you are currently employed in an IT or cloud-related function. You may be able to advance professionally by getting a promotion if you pursue a cloud certification if you already work in the cloud industry. You should join the cloud revolution by learning this in-demand technology for the reasons listed below. Accessibility The accessibility that cloud computing services offer is one of the key benefits of Google cloud computing. Cloud developers have the same access to resources as HQ staff members and can work from any location. Numerous jobs There is a significant need for cloud developers and a rise in cloud-based solutions. Cloud computing offers an easier and quicker approach to obtaining data, being productive, and keeping up with the most recent technological advances. It has increased employment in the field of cloud computing as well as the potential pay scale. Create your venture Thanks to cloud computing, startups may now design and test new products more quickly. You may now employ the same resources as large corporations at a fraction of what traditional data centres used to cost. Using cloud-based technologies, startups can sell their goods more quickly and gain insight from client feedback. Also read: Cloud computing course details Cloud computing job roles that are in high demand Software as a Service (SaaS), infrastructure as a Service (IaaS), and platform as a service (PaaS) are widely adopted by modern enterprises based on their needs. However, some of the best cloud service providers are expanding their cloud services by integrating AI and ML into the cloud. In the market for cloud computing, all these led to the creation of several new job roles. You must be aware of the highest-paying cloud computing positions to comprehend career opportunities, prospects, and potential future growth. Cloud Software Engineer A Cloud software engineer specialises in creating software for cloud computing systems. They assist in deciding how the system should function and advise the programmers who help create the software code. The systems’ creation, maintenance, and appropriate operation are all under the control of cloud software engineers. Cloud Architect Cloud architects are excellent technologists with strong networking and programming skills. This role gives you experience building cloud-based networks and combining numerous remote servers. This personnel also requires experience with and knowledge of cloud services, cloud storage, and the deployment or migration of systems from scratch. Cloud Automation Engineer Cloud Automation Engineer gathers and processes requirements to convert application delivery for the cloud in an adaptive way. They offer assistance with project maintenance during the transition from development to production and documentation. They evaluate the current applications and offer suggestions to enhance performance by directing gap analysis, aiding in the purview of upgrades, etc. Implementing new modules, updating as well as making workarounds to the production environment along with updates and maintaining systems in response to changes in specifications or implementations come under their job role. Cloud Developer A cloud developer analyses customer demands, creates systems and code and performs debugging. They also keep track of and resolve problems with the cloud apps so that consumers have as little downtime as possible. Along with utilising performance indicators to capture services, they help create processes, workflows, and options for integrating documents. Cloud Infrastructure Engineer The primary task of this position is creating the network and cloud system infrastructure. Infrastructure engineers collaborate closely with hardware engineers and developers to create an effective cloud framework for the firm. Cloud System Administrator The Cloud system administrator manages the multiple cloud servers and other aspects of the cloud infrastructure. They also oversee, manage, and maintain the multiuser computing environment per the organisation’s requirements. Cloud Network Engineer Cloud network engineers employ computer hardware and software to give users access to shared resources. They are experts at transferring networks and functions to private, public, and hybrid cloud infrastructures. Their role entails designing, organising, and implementing customised cloud solutions for clients. Cloud Security Manager Cloud Security Manager supports an organisation’s security compliance and data privacy. They help in integrating cloud solutions across vendors and designing them. Their role involves controlling the security architecture for the infrastructure and microservices and finding the necessary criteria for the security architecture. Cloud Sales Manager Cloud Sales Manager gives business security to accounts that provide services like app management, hosting, enterprise cloud services, and similar ones. They support the development and upkeep of a network of excellent Cloud service providers and guarantee a seamless transition from pre-sales to the appropriate delivery resources. Cloud Broker Cloud Broker negotiates contracts between cloud providers and customers and oversees the use, performance, and provision of cloud services. They develop a certain capacity of a given service and offer cloud users value-added services. Also, they support integrating data and guaranteeing secure data transfer between various cloud providers and cloud consumers. Check out: Can online cloud computing courses help you prepare for an interview? Is a career in cloud computing a good choice? Today, businesses are beginning to lease access to their data storage from cloud service providers, saving them the upfront costs and issues associated with owning and managing their own IT infrastructure or data centres. As a result, there is now a bonus situation for both service providers and businesses, which have significantly boosted the number of cloud computing service providers across all industries. These service providers seek out experienced and skilled cloud computing specialists and offer them competitive compensation packages in exchange for their services to satisfy the growing customer base. Let us see the benefits of Google cloud computing that make it a suitable career choice. Better career opportunities Since Google cloud computing is still a newer concept, there is plenty of room for new pioneers and inventors. Being a cloud computing expert will enhance your prospects of moving up the corporate ladder at your current company or landing more significant roles at esteemed firms. Obtaining the knowledge you require right away will put you in front of new advancements. Additionally, early use of cloud computing enhances your growth potential if you want to improve your prospects and employment options. High demand Roles in cloud computing are in high demand, and this need is rising quickly. You can work meaningfully in cloud computing if you possess the necessary abilities. High salary packages The industry remuneration for these positions is rising quickly, along with the increase in demand for cloud technologies. In cloud computing, you can find positions that are better paid. The average yearly pay for a cloud specialist in India is 15.0 lakhs, with salaries ranging from 6.5 lakhs to 28.0 lakhs. Career growth The skill set of a Cloud Computing specialist encompasses a wide range of expertise, including network administration, security, data protection, disaster recovery, etc. You will have the chance to work with cutting-edge technology and exhibit your experience as a professional in cloud computing. You will be able to advance your knowledge and abilities via training programmes and certificates, resulting in career growth. Gives you job satisfaction Every day, you can work on brand-new tasks that provide you with job satisfaction. Additionally, you can be expected to work simultaneously on several projects that cover various facets of technology, such as its security features and how it is used within a business or organisation. Provides job security As the technology of the future, Google cloud computing is currently one of the most in-demand skills. Since its beginning, it has experienced significant growth, and experts anticipate that this trend will continue for many years. It is one of the businesses with the quickest growth rate, and there are many opportunities for those who are fully committed to and interested in pursuing this career path. You will never be short of job opportunities in this field. Skills you need to pursue a career in cloud computing Programming skills Programming skills in languages like PHP, Java, and .NET are crucial to pursuing a career in cloud computing. Ruby and Python are the other popular programming languages whose knowledge will be beneficial in this field. Expertise in Cloud platforms A grasp of cloud service providers is necessary if you want to succeed in the cloud industry. Get to know cloud services like AWS, Microsoft Azure, OpenStack, and GCP. Networking skills It is crucial to integrate your network with cloud services. Fundamentals of cloud networking are a requirement for cloud computing. It is vital to have knowledge about virtual networks and to concentrate on simplifying the procedure for end users. Database skills Spend time mastering a database platform and query language. Learning programming languages like Hadoop and MySQL can be quite beneficial. Web services and APIs APIs and web services serve as the base for the work done by cloud architects. Open web services such as XML, SOAP, UDDI, and WSDL are used to tag, transport, and describe data. The integration is finished and deployed on the corresponding platforms through APIs. Information security Data and application security are becoming more important to organisations. In cloud computing, keeping track of the situation’s security posture and taking preventative action is crucial. You’ll get an advantage by learning cybersecurity and obtaining a credential. Steps to kickstart a career in cloud computing Choose the right cloud computing course The most crucial aspect of beginning a career in cloud computing is to have the appropriate cloud computing certifications. They give you the chance to build your reputation in the industry and gain an advantage over rivals. It is significant to remember that several providers, such as Amazon Web Services, Microsoft Azure, Google Cloud, etc., offer cloud certification programmes. If this certification appeals to you, you can select it based on your initial area of interest in cloud computing or only the certifications that are relevant to it. Additionally, by including these qualifications on your CV, you will be able to stand out from other applicants who are applying for jobs that are comparable to yours, increasing your chances of landing a job in cloud computing early in your career. Understand the cloud computing fundamentals well After talking about cloud computing, it’s time to examine the fundamentals of Google cloud computing and how you may use them to your benefit. With a solid understanding of this, you may set up for yourself the best chance at a Cloud Computing career path that will help you achieve your professional objectives. You will gain knowledge of a variety of subjects, such as virtualization, cloud formation and architecture, deployment models for cloud computing, and cloud service implementation models. The first step in investigating this subject should be to look at many categories, such as platform as a service (PaaS), infrastructure as a service (IaaS), software as a service (SaaS), Google app engine in cloud computing, and analyse the crucial elements of cloud computing. Learn about cloud technology & platforms You must finish this step if you want to start a career in cloud computing. The use of cloud platforms and technology is crucial to the learning process. To comprehend technology, one must be aware of how it meets organisational demands. Any organisation that uses cloud services can reap a variety of advantages, such as lower IT expenses, flexibility in implementing remote work practices, scalability, and many more. Data may be handled and managed more effectively with the help of cloud technology, which also offers several cutting-edge security measures. Numerous platforms offer cloud services, including Amazon Web Services, Microsoft Azure, Google Cloud Platform, and many others. Gain knowledge by attending cloud conferences and events You can improve your skill sets, stay relevant, and give yourself a competitive edge in this constantly expanding market by keeping up with the most recent trends and advancements in the field of cloud computing. Following blogs and news sites focused on cloud technologies will help you accomplish this. Additionally, you should actively participate in local tech events or industry conferences. A growing number of conferences now make their keynote addresses available online, so keep that in mind if you don’t have the time to attend. Create a strong portfolio The greatest approach to demonstrate your skills and get a chance to collaborate with potential companies is through a portfolio. It demonstrates your qualifications to potential employers and aids them in determining if you fit the profile perfectly or not. To illustrate your proficiency in all areas of cloud computing and as a cloud expert, it is essential to build your portfolio with all the links to projects. Build a network Networking is essential for developing your career and maintaining the quality of your talents. You can connect with experts from any industry on many platforms, including LinkedIn. But keep in mind to network with experts in the cloud industry here. You can make contacts, keep up with the most recent advances in cloud computing, and learn about job opportunities by joining communities on this topic. Take up mock assessments to evaluate your knowledge When it comes to honing your skill sets, “do and learn” experiences are unmatched. Working on projects related to the kinds of platforms you want to pursue will help you develop useful skills and gain practical experience. You can seize several lucrative chances by developing practical skills in load balancers, auto-scaling, pipelines, NoSQL DB, data warehouse, DevOps, and Kubernetes. The cloud computing business is the best career option you can make because it is also unquestionably one of the fastest-growing globally and is evolving exponentially. So, if you adhere to this roadmap, you can easily begin your path to becoming a Google cloud computing expert and pave the way for rewarding employment options in the field. Acquaint yourself with cloud computing knowledge during your online BCA degree from Manipal University Jaipur The online BCA programme offered by Manipal University Jaipur (MUJ) incorporates Google Cloud Computing Foundations (GCCF) in its curriculum. Google Cloud Computing Foundations knowledge will provide you with an overview of the scope of cloud technology via ideas, practical labs, exams, and a capstone project on subjects including cloud infrastructure and app development. Manipal University Jaipur’s (MUJ) online degree programmes are taught by renowned professors and industry professionals who give essential insights on how to take on real-world difficulties and adapt dynamically, leveraging this knowledge combined with cutting-edge technological tools and techniques. The platform’s user-friendly design allows students at MUJ to review the training modules, view previously recorded video sessions, interact with other students and staff members, and much more. The online degree programmes at MUJ provide a fantastic flexible, professional development opportunity with easy-to-understand bite-sized content. It allows students to learn on their timetable, study on the go, communicate with experts in their fields, and discover the assistance, connection, and chance to prosper and enhance their career opportunities significantly. Conclusion You can advance your career by entering the cloud computing industry with a valid certification and practical experience. Individuals can gain knowledge every day as this is a sector that is expanding and increasing competition in the market. Obtaining a cloud certification is a terrific approach to positioning yourself as a top-tier IT professional. It will demonstrate your desire to remain current and your readiness to do so, eventually giving you the chance to advance in your position. You can receive assistance for this from renowned institutions such as Manipal University Jaipur. Finally, you should be aware that obtaining a certification will only show you the correct path. Following that, only you would be able to use your skills and knowledge to produce the required outcome.
What is Google Cloud Computing? Cloud computing is undoubtedly the most spectacular among the 21st-century technology innovations that have been embraced by society more quickly as compared to other technologies in the field. The proliferation of smartphones and other internet-capable mobile devices has been a major driver of this acceptance. Cloud computing has benefits for individuals as well as for businesses and organisations. We can use it to run software programmes without having to put them on our computers, store and view our multimedia content online, create and evaluate new software without necessarily needing servers, and more. We can call it a 21st-century phenomenon crucial in practically every industry you can imagine. Google Cloud computing is the delivery of computer services via the internet that includes servers, databases, storage, software, networking, analytics, and intelligence to provide speedier invention, adaptable resources, and scale economies. The cloud powers some of the biggest brands in the world and is the innovation that underpins some of the most cutting-edge products and applications of recent years. It is a tech breakthrough that has seen explosive growth over the past ten years. Businesses worldwide use cloud computing and services to acquire essential data and apps. You usually spend only for the cloud services you use, which helps you save money on operating costs, maintain your infrastructure more efficiently, and expand as your business shifts. Cloud computing, highly regarded for its comfort and dependability, is revolutionising organisations and their procedures across industries. Also read: All you need to know about Cloud Computing? Types of Cloud computing The three primary models of cloud computing are as follows. Each model represents a different component of the cloud computing stack. Infrastructure as a service (IaaS) IaaS encompasses the fundamental components of cloud computing and typically gives users access to networking capabilities, computers, and data storage space. It offers the most flexibility and administrative control over your IT resources. Platform as a service (PaaS) Platform as a Service allows you to concentrate on deploying and administering your applications by removing the need for companies to oversee the underlying infrastructure. As a result, you can run your application more efficiently as you won’t have to deal with resource acquisition, capacity planning, updating software, patching, or any other unnecessary heavy lifting. Software as a service (SaaS) With SaaS, you receive a finished product that is operated and administered by the service provider. End-user apps are typically mentioned when someone uses the term “software as a service.” You simply need to consider how you will utilise that specific software when using a SaaS product; you do not need to consider how the service or the core infrastructure is managed. An everyday illustration of a SaaS application is web-based email, which lets you send and receive messages without having to manage feature updates or upkeep for the servers and operating systems the email software is using. Serverless A cloud-native development methodology called serverless enables developers to create and execute apps without being concerned about managing servers. Servers are still serverless, but they are separated from the app development process. Installing, managing, and upgrading the server infrastructure are routine tasks a cloud provider handles. Serverless applications adjust to demands and autonomously scale down and up as necessary after they are deployed. Public cloud providers’ serverless services are often billed on-demand using an event-driven execution approach. As a result, a serverless function is free to use while it is not in use. Benefits of Google cloud computing Cost-effective By using the cloud, you can do away with the capital costs associated with purchasing hardware, setting up software, and maintaining on-site data centres, which require racks of servers, constant electricity for cooling and power, and IT professionals to manage the infrastructure. Secure A wide range of rules, tools, and controls are provided by cloud service providers, enhancing your overall system security and defending your infrastructure, apps, and data from possible risks. Flexible Due to the self-service and on-demand nature of cloud computing services, even massive amounts of computer resources can be delivered rapidly and with just a few clicks. This gives enterprises a great deal of flexibility and relieves the burden of capacity planning. Sustainability Data can be replicated at many redundant sites on the network of the cloud provider, making backup processes, recovery plans, and business continuity simpler and less expensive using cloud computing. Mobility The mobility provided by cloud-based technology allows workers to instantly access cloud resources from any place or device. It provides the right amount of IT resources—more or less processing power, storage, and bandwidth—at the right time and from the right place. Data backup and recovery In cloud systems, there is no requirement for an emergency data backup plan. In the event of a crisis, there is no irreversible data loss. Improved collaboration Real-time data may be easily shared between teams within a company using cloud settings, which enhances teamwork and productivity. Competitive edge The rate of usage of cloud computing services is rising annually. Businesses that have already embraced this technology aren’t only benefiting from it, but they are also able to keep up with their competitors. Unlimited storage capacity There is infinite storage available in the cloud for all kinds of data. Applications of cloud computing Data storage Data including files, photos, audio files, and movies, can be stored and accessed via cloud computing. In the era of big data, it costs more and takes up more space to locally store vast amounts of corporate data. Organisations can store and retrieve data using a variety of devices using cloud storage in this situation. The offered interface is user-friendly, practical, and offers the advantages of fast speed, scalability, and integrated safety. Big data analysis The use of cloud computing for in-depth data analysis is one of its most significant uses. Big data cannot be stored using conventional data management solutions due to its enormous volume. As a result of the cloud’s limitless storage capacity, companies may now store and analyse huge amounts of data to get critical business perspectives. Art applications Numerous art app services are available through cloud computing applications for design objectives and assisting in the creation of attractive patterns for books, greetings, and other graphics. Examples of cloud computing applications for the arts include Moo, Vistaprint, and Adobe Creative Cloud. These programmes facilitate quick card creation, printing, and design. Additionally, programmes like Adobe Creative Cloud, a cloud-based programme that offers first-rate professional editing services, are available. E-commerce applications Users and e-businesses can react swiftly to possibilities as they arise, thanks to cloud-based eCommerce solutions. It provides corporate executives with a fresh method for getting things done quickly and efficiently. They oversee customer information, product specifications, and other operational processes in cloud settings. Antivirus applications Cloud computing introduces cloud antivirus software, which is kept in the cloud and monitors and removes malicious software and viruses from an organisation’s system. Previously, businesses had to put antivirus software on their computers to find security problems. Testing and development The simplest method for product testing and development is provided by cloud computing applications. By using conventional techniques, creating such a setting would take a lot of time, money, and labour for the infrastructure and IT resources to set up. Businesses may employ scalable and adaptable cloud services for product creation, testing, and deployment thanks to cloud computing. Accounting applications Accounting software is a real-time cloud computing app that assists management in the accounting-related area of the organisation. One such tool utilised by larger businesses to provide real-time daily accounting services is Outright. It makes it possible for you to monitor your expenses, profits, and losses in real time. Other instances of cloud-based accounting software are KashFlow and Zoho Books. Management applications Evernote is a well-known example of a cloud computing application. With the aid of this programme, users can save and share notes in a central location that they can access at any time. These are accessible from any location in the world. Both the paid and the free variants of the application are supported. This programme falls under the category of management software, which has both personal and business applications. Why choose a career in cloud computing? Cloud computing is one of the most challenging and quickly expanding employment fields since it affects so many facets of contemporary life. The majority of large companies devote over one-third of their IT expenditure to cloud computing services. Given the increasing demand for cloud computing experts in the labour market, it is no wonder that cloud computing is the most recent trend and is in high demand. What steps should you take to build a profession in cloud computing? Most entry-level positions in cloud computing require prior experience. If you have the correct cloud certification, you may be able to find work in cloud technology even if you lack the necessary experience in the field. Learn about cloud platforms and technology, comprehend cloud computing’s foundations, and develop the necessary skills to boost your cloud computing career. A professional in cloud computing is an IT expert who manages cloud computing tasks like strategy, development, implementation, upkeep, and maintenance. Some cloud computing positions entail managing and monitoring the organisation’s cloud computing strategy, cloud adoption strategies, cloud application design, and cloud infrastructure. Some job roles in cloud computing and their average salaries are mentioned below: Job rolesAverage payCloud Architect₹ 21.0 LPACloud Network Engineer₹ 9.0 LPASolution Architect₹ 22.9 LPADevOps Engineer₹ 6.0 LPACloud Security Analyst₹ 8.0 LPACloud Database Administrator₹ 12.5 LPA Also read: Can online cloud computing courses help you prepare for an interview? What is the Google Cloud Computing Foundations course about? A 4-course series called The Google Cloud Computing Foundations is designed for individuals who have little to no prior knowledge of or experience with cloud computing. It gives an overview of key ideas in big data, machine learning, and cloud fundamentals, as well as the place and function of Google Cloud. By the conclusion of the set of sessions, students will be competent to explain these ideas and exhibit some practical abilities. To be prepared for this course, students should: Possess rudimentary IT expertise and a desire to learn more about ML and the cloud. Knowledge of at least one language (such as Python or Java). Know the fundamentals of SQL and shell scripting. What is Google Cloud Platform(GCP)? The Google Cloud Platform is a component of Google’s public cloud computing services. It uses the same tracking frame that Google uses for popular end-user products like Google Search and YouTube. This platform consists of several hosted services for computation, storing, and app development which utilise Google hardware. Google Cloud services are available to application developers, cloud admins, and other corporate IT experts over the open internet or a specialised network connection. What is the Google App Engine in cloud computing? Google App Engine in cloud computing is a platform for managing apps and developing web applications. The same systems that power Google apps are supported by Google App Engine so that users can create and host their applications. In exchange, it offers quick development and deployment, simple management without any need to fret over hardware or backups, and easy scaling. What are Google Cloud Platform services? Computing GCP offers a flexible selection of computing alternatives that you may customise to meet your needs. It offers virtual machines that can be completely customised and the choice between direct code deployment and container deployment. It includes: Google Compute Engine Google App Engine Google Kubernetes Engine Google Cloud Container Registry Cloud Functions Networking A network is a type of communication system that enables data flow between nodes. The same term is used by a few Google Cloud Services. The networking services offered by Google Cloud include the following: Google Cloud DNS Google Cloud Interconnect Cloud VPN Storage Databases and cloud storage are also regarded as important components of the Google Cloud Platform services. The services included are: Google Cloud SQL Google Cloud Spanner Google Cloud Storage Google Cloud Datastore and Bigtable Persistent Disk Data Analytics Big Data is a primary service provided by Google Cloud Services since it is processed in the cloud. The services listed below fall under the category of big data: Data Analysis Cloud Pub/Sub Cloud Dataflow AI and ML One distinctive feature of Google Cloud Services is that it supports AI. It implies that you can utilise Google Cloud Platform to create your network or infrastructure. There are various APIs that offer the necessary solution. Google Cloud Translation API Google Cloud Vision API Google Cloud Speech API Google Natural Language API User protection The following services are part of the security-related services offered by this domain: Cloud Resource Manager Cloud IAM Cloud Security Scanner Cloud Platform Security The online BCA programme from Manipal University Jaipur includes a Google Cloud Computing Foundations curriculum The online BCA programme offered by Manipal University Jaipur is designed to produce tomorrow’s pioneers by intertwining the most recent innovations in technological advances with an emphasis on rationality and inventiveness in addition to the rising norms of the marketplace. It includes the Google Cloud Computing Foundations programme to equip learners with a firm understanding of cloud computing. With innovative ideas, practical labs, exams, and a capstone project on subjects spanning from cloud architecture to application development, the Google Cloud Computing Foundations curriculum in the programme will familiarise you with the extensiveness of cloud computing. Conclusion The worth of cloud computing has generally been recognised across all industries, and it will have a significant impact on how future applications are developed. Implementations of cloud computing already have a big impact on how we live our lives and will continue to do so. The pandemic’s emergence has increased the demand for real-time cloud computing solutions because businesses now need to secure company continuity and prevent growth slowdown. Thus, the role of cloud-based applications has increased tremendously in sustaining and securing global advancement. As you’ve seen, cloud computing has a wide range of applications; hence the demand for experts in this field is higher. The online BCA Programme, provided by Manipal University Jaipur through its platform Online Manipal, is one of the top online courses if you’re seeking a comprehensive education in cloud computing. The curriculum assists interested students in developing into full-fledged Cloud professionals and maintaining their marketability.
Tools covered in MAHE’s M.Sc. in Data Science Key takeaways: Data science is the use of tools and techniques to find patterns and meaning in data. Data science can help you with anything from making your business more efficient to help you understand how your customers are using your products. Manipal Academy of Higher Education’s (MAHE) M.Sc. in data science covers tools like Python, R, SQL, Tenserflow, Weka and many more. If you want to make beautiful visualizations with your data, then Plotly is our recommendation for creating interactive graphics with Python and R scripts (among other languages). Manipal Academy of Higher Education’s (MAHE) M.Sc. in Data Science is a comprehensive course covering some essential python tools used in data science today. It is designed to give you a firm foundation in statistics, machine learning, artificial intelligence, and deep learning while exposing you to the latest developments in data science research. The program will help you develop critical thinking skills essential for any successful career in data science or related fields. In addition to learning data interpretation and the discovery of patterns within it, you will learn about the use of machine learning algorithms for prediction and classification of tasks and the use of AI techniques for problem-solving. This article will examine some of the most critical data science tools covered in MAHE’s M.Sc. in data science. We will also discuss how they are used in data science applications and why they are essential to learn when you begin your career as a data scientist. What is an online M.Sc. in Data Science? Online M.Sc. in data science is a multidisciplinary course designed by MAHE that helps you acquire expertise in data science. If you are looking for a career in data science, an online master’s program with Online Manipal can help you get the training and credentials you need to succeed in the field. Here’s what you need to know about online M.Sc. in data science – Interdisciplinary expertise Data science is a cross-disciplinary field requiring expertise from various areas, including computer science, mathematics, statistics, and information technology. The online M.Sc. in data science is designed to give you a well-rounded understanding of these fields to apply the principles learned in your studies to real-world problems. Strong academic support MAHE’s online M.Sc. in data science program has a dedicated team of academic advisers available to help you stay on track with your studies, be it providing guidance in choosing courses or helping you navigate the admissions process. They will help in clarifying doubts about your coursework and future career prospects after graduation. Self-paced learning The program is designed for professionals who need flexibility in their schedules. But it doesn’t mean you will be sacrificing on quality. We offer classes every month and provide access to a wealth of resources that will guide you through each step of the program so that you can graduate sooner than expected without sacrificing quality education or personalised attention from your instructors. Industry-oriented curriculum M.Sc. in data science is an online degree designed to equip you with the skills and knowledge required to pursue a career in the competitive field. The coursework is industry-oriented, which means that it covers the key topics that are most relevant to your career goals. Better job opportunities Data science is one of the fastest-growing fields, and an M.Sc. in data science can help you get there by providing you with the skills needed to work in analytical or leadership roles within the field. Enhanced problem-solving skills M.Sc. in data science allows you to enhance your problem-solving skills by learning to use data effectively, interpret results, and identify patterns using statistical methods like regression analysis, correlation tests, time series analysis, etc. What types of tools does a data science practitioner use? Data analysis toolsVisualisation toolsData cleaning toolsData exploration tools Data scientists use various data science tools to perform their tasks, and the list is constantly growing. However, some data science tools are used more often than others. Data analysis tools Data analysis tools help you organize and clean your data and perform calculations on it. These tools can help you identify patterns in your data, find correlations between different variables, and more. Some common examples include RStudio and Python’s Pandas package. Visualization tools Visualization tools help you turn your data into something visual, like graphs or charts. These visualization tools are excellent for communicating information quickly and clearly to others. They allow people who haven’t spent time analyzing your data to quickly grasp what it means by looking at it. Some common examples include Tableau Public, Plotly, and Google Sheets’ charting tool. Data cleaning tools Data cleaning tools are used to get rid of any errors and discrepancies in your data set before you begin your analysis. This ensures that your results are as accurate as possible. Data exploration tools Data exploration tools help you understand the relationship between variables within your dataset. These tools in data science allow you to explore data in different ways, such as through heatmaps or scatterplots, which can help you see if there are any outliers or other issues with the data. Tools covered in online M.Sc. in data science Here are some of the most common tools covered in an M.Sc in data science: Hadoop Hadoop is a software framework that allows data to be distributed across a network of computers. It is used to store large amounts of unstructured data and can also be used for machine learning and other types of data analysis. Colab Colab is a cloud-based data science tool that allows you to write and run code in the cloud. It is a great way to start coding without downloading any software or setting up your own computer. Apache Hive Apache Hive is an open-source SQL-like query language for analyzing big data sets stored in Hadoop. It allows users to manipulate large datasets without writing complex MapReduce jobs by hand. KNIME KNIME is a data science platform that allows you to quickly and easily access the tools you need to run your analysis. It is open source, meaning it is free to use and easy to install. With KNIME, you can create workflows that automate your data science tasks—from loading data into the platform to running analysis. You can also use KNIME to share your workflows with others in your organization or study group. Matplotlib Matplotlib is a Python library for creating graphs and visualizations with minimal code. If you want to produce high-quality graphs without learning another tool, then Matplotlib is the one for you. NumPy NumPy is a Python library for scientific computing. It provides fast array operations and functions designed for numerical computing. If you are new to Python and science, then NumPy will make it easy for you to get started with some of their best features in one place. OpenCV OpenCV is an open-source library for computer vision. It can be used to detect and recognize faces, cars, traffic signs, and much more. It’s also used in applications like self-driving cars and medical imaging. Pandas Pandas is a Python library for data analysis. It provides easy-to-use functions for manipulating structured data in tables, such as reading and writing files from Excel or Google Sheets. It also makes it easy to group your data into groups or columns based on the values in those columns. Python Python is a programming language used by many tech companies including Google, Facebook, LinkedIn, Dropbox, Spotify, Netflix, and more. It’s also one of the most popular languages among data scientists due to its ease of use. R R is an open-source programming language that is widely used in data science. It is flexible, powerful, and easy to learn, so it is ideal for beginners. R is primarily used for statistical analysis and visualizations like graphs and charts. SAS SAS is a proprietary software program used for business intelligence and analytics. It allows users to quickly perform complex calculations on large amounts of data, making it ideal for significant businesses that need to analyze their data efficiently. Spark Spark is a cluster computing framework designed specifically for big data processing tasks. It works by distributing tasks across multiple servers, making it faster than traditional methods such as MapReduce or Hive. Each server only needs to handle part of the workload at once instead of all of it (which would require more servers). SPSS SPSS is a statistical software used to analyze, manage and manipulate data. It is an essential tool used in data science for anyone who wishes to have a career in data science. SQL Structured Query Language (SQL) is a programming language for managing data in relational database management systems (RDBMS). SQL is one of the world’s most widely used programming languages, with some estimates placing a high number of businesses using it. TensorFlow TensorFlow is a machine-learning software library created by members of the Google Brain team. It can be used to build neural networks and deep learning applications. It provides a flexible architecture that allows you to deploy computation on one or more CPUs or GPUs in a desktop, server, or mobile device with just a few lines of code. WEKA Weka (Waikato Environment for Knowledge Analysis) is an open-source software library written in Java that provides data mining tools. Weka contains tools for data pre-processing, classification, regression analysis, clustering, and feature selection. Learn data science tools with Online Manipal Online Manipal does not merely focus on teaching you how to use a tool, but also shows you how it is used in the real-world and its applications in different industries. The courses offered by MAHE on the Online Manipal platform are designed for all learners from all levels, from beginners to advanced, catering to the needs of both freshers and experienced professionals. Closing The demand for data scientists is skyrocketing, and companies are willing to pay more. If you want to be part of the next generation of workers who will drive innovation in the 21st century, then learning data science is a great way to get started. By enrolling for MAHE’s M.Sc. in Data Science with Online Manipal, you can learn from the comfort of your home and at your own pace, and learn from industry experts.
