A guide to becoming a Tax Consultant in India Tax consultants utilize their knowledge and experience to help their customers effectively negotiate complicated tax regulations, rules of income, spending, deduction, and other possibilities. They have extensive knowledge of tax laws, planning, and compliance. They also provide tax consulting services to customers and help others identify ways to minimize their tax liabilities. You’ll realize that working as a tax consultant is a lucrative career path that you may enter to assist your customers and business partners in realizing their goals. This guide will help you to find the Qualifications and certifications required to become a tax consultant. Who is a tax consultant? A tax consultant is a professional who can help people and corporations navigate the different regulations and legislation influencing the tax filing process. They must know the most recent advancements and modifications to tax laws and regulations. Tax consultants assist individual persons, small company owners, and big corporations. The profession of a tax consultant is a highly demanded job, and they normally receive a good salary, which improves their abilities and experience. Tax consultants remain in demand despite developments in the macro economy, as individuals and corporations must still pay their tax obligations. What does a Tax Consultant do? A tax consultant can assist both individuals and businesses in reducing their tax liabilities. The roles and responsibilities of a tax consultant are as under: Analyzing proposed laws A tax consultant is a professional who assists the Tax Commission in reviewing and analyzing proposed laws related to taxes, fees, and the distribution of revenues. Computing income taxes The tax consultant must calculate income by figuring out the gross income amount. The tax is imposed per the tax rate following the computation as per the Income Tax Act. Financial Planning The tax consultant must create a financial strategy, and this will assist the consumers in making decisions that are appropriate for their economic level. Evaluate methods used in making law The duty of the tax consultant is to evaluate and analyze the various methods utilized in formulating and enforcing the law. Tax consultants must also analyze the law’s impact on the state’s revenue and administrative budget. Documentation The tax consultant is responsible for providing administrative assistance to the many departments and agencies of the government. Also read, benefits of pursuing an M.Com degree in 2023 How much do Tax consultants earn? Tax consultants are very much in demand in India and they can earn an annual salary of INR 10 lakhs. Skills required to become a Tax Consultant Communications skills: Tax consultants need to be proficient communicators to give advice and explain tax strategy and implications. They must be responsive to the requirements and demands of their customers. Statistical skills: A tax consultant should be proficient in statistics since they can organize and analyze enormous amounts of data to assist you in coming up with important business insights. Supervision skills: A tax consultant must also possess the abilities required to make wise judgments. This position entails influencing the government’s economic and political choices. Analytical skills: Tax consultants are better equipped to evaluate the complexity of a problem in order to solve it effectively and provide projections when they have analytical skills. Problem-solving skills: In your role as a tax consultant, you will be looking at clients’ financial information and using strategic thinking skills to find areas where they may cut costs or boost earnings. Mathematical skills: Numerous numbers are involved in taxation. A tax consultant’s ability to forecast, compute percentages and interest, and account for gains and losses is essential to their job. Steps to become a Tax Consultant The main steps you’ll probably need to take to become a tax consultant are listed below: 1. Know about the profession in detail Learn the fundamentals of Indian tax law and the function of a tax consultant. You can speak with reputable tax experts and practitioners to get your questions answered. When selecting to work as a tax consultant, ensure you know the duties involved. 2. Earn a degree Most companies seeking tax consultants prefer candidates with at least a bachelor’s degree. It’s necessary to have a Bachelor of Commerce (B.com) degree to work as a tax consultant. A master’s degree, such as an M.com, can also help you succeed as a tax consultant. 3. Complete professional programs There are several paths to becoming a certified tax consultant, and the majority of them need specialized education and credentials. One can directly become a tax consultant by enrolling in Chartered Accountancy and company secretary professional programs. 4. Get work experience You can get ready for a career as a tax consultant by getting work experience in a relevant sector. The best way to get sufficient professional experience is to work for a chartered accountancy firm, a consultancy business, or a financial services firm. 5. Join a professional organization Joining a professional tax organization might improve your profile and Resume. Professional organizations hold networking events and conferences that can help you advance your career and offer a variety of professional training and continuing education possibilities. Also read, high-paying careers for commerce students in 2023 Gain in-depth finance and accounting knowledge with MUJ’s online B.Com and M.Com degrees Advance your career by earning a UGC-entitled online B.Com from NAAC A+ accredited Manipal University Jaipur. You can study at your own pace from the most reputable professors through live online classes from the comfort of your home. Candidates who have enrolled for the online B.com or M.Com course on Online Manipal can access paid coursera courses for free, get placement assistance, 24/7 student support, extensive e-learning content, and more. Online B.com and M.Com courses are excellent degree options for students who desire to become Tax Consultants without leaving their current work. Conclusion Tax consultants are professionals that work with customers to minimize taxes and increase their revenue after taxes. While most tax consultants provide a wide range of services, they typically specialize in one or two types of taxes. Such professionals include income tax consultants, Business tax consultants, Goods and services tax (GST) consultants, and Property tax consultants. Tax consultants must be well-versed in all their chosen specialty sectors and must continue to get new certifications to broaden their proficiency and services.
How does BCA help launch your career as an IT consultant? Becoming an IT consultant is one of today’s most rewarding and challenging occupations. An IT consultant position is ideal for someone who is passionate about computer software and possesses an extraordinary grasp of computer science fundamentals. These are some advantages of working as an IT consultant: Better salary The high compensation package makes working as an IT consultant one of the top job choices. The remuneration for an IT consultant, however, varies based on the position held and the number of relevant years of experience. Yet, compared to other IT experts, the pay structure is better. IT consultants can earn an annual salary of up to INR 18.7 lakhs. Job security Being an IT consultant is one of the most challenging professions in the modern digital era. Such a position offers complete employment security because this work requires one’s own knowledge. Students can have a bright future and secure employment with basic knowledge of the key subject. Valuable experience IT consultants work on a variety of tech-related projects and offer security to the parent company. Employees interact with various levels of security, management, clients, etc., during their employment. Also, read the programming languages and tools you will learn in BCA and MCA degrees. What does an IT consultant do? An IT consultant is a skilled professional who offers assistance, guidance, and advice to individuals and businesses regarding computer software, database systems, and network infrastructure. An IT consultant is required by businesses to raise team productivity, develop new systems for higher levels of production, and get advice on IT issues. Main responsibilities of an IT Consultant: Consultations with clients to ascertain needs Defining the project’s scope in collaboration with clients Scheduling the required resources and timeframes Understanding a client’s system requirements, comprehending their working procedures, and learning about their industry Visiting clients’ locations Communicating with employees in a client organization at all levels Specifying hardware, network, and software requirements Both large and small businesses employ IT consultants to carry out these and other tasks. By improving your business, communication, and computer abilities, you can train for this career. Also read, Online BCA: A flexible and affordable path to a tech career Skills required for IT consulting You must thoroughly understand multiple technologies if you wish to be a competent technical consultant. Such instances are as follows: Software testing: In order to test solutions and find problems, you need to employ a variety of software tools. To increase your chances of landing a decent job, you must be knowledgeable about popular tools. Software for database management systems (DBMS): You might have to examine the integrity of the data and manipulate it in your job. Big data processing software like Hadoop can be a useful asset. Simply said, understanding relational databases is also essential. IT infrastructure: You interact with an organization’s hardware infrastructure as a consultant. You can benefit from having an in-depth understanding of servers and other hardware parts. Operation systems: You must be familiar with a variety of operating systems because your client might use one such as LINUX. It is also advantageous for your profession as an IT consultant if you are proficient in operating systems. You may learn many technical skills, but consulting involves more than that. Being an enthusiastic learner who is constantly researching new technology and enrolling in courses that will help you become an expert in these fields is a requirement for success in the consulting sector. You may stay current and in demand as a consultant with the aid of this push. Communication Skills increase productivity by assisting you in forging amicable and successful working connections with your team members. Additionally, it enables you to communicate with customers and win over non-technical client stakeholders. How to launch a career in IT Consulting? Follow these steps to become a tech consultant: Obtain a BCA degree The importance of a BCA degree for IT consulting cannot be overstated. Many employers prefer a bachelor’s degree in information technology or computer science. Your chances of landing a job in a consulting firm or working as an independent contractor will increase if you choose a BCA degree from a reputed college or university. Because the world of information technology is so dynamic and always evolving, from software to web design, it is crucial to get certified in the area you want to work in. By specializing, you can ensure that you become extremely valuable to a particular market. Get professional experience Experienced candidates are frequently sought after by employers. Some demand one to five years of professional experience. You can begin your career at consulting firms in entry-level employment as a computer support specialist, for example. The knowledge and experience required to offer assistance and advisory services can be acquired through internship work. Improve your communication abilities As an IT consultant, you will probably work directly with clients. Thus, you must effectively communicate when presenting concepts and ideas to team members and managers. Your ability to communicate well could mean the difference between gaining repeat business and only landing one big transaction. Create a compelling resume Your CV should showcase your prior experience in the relevant industries and any soft talents, including communication abilities that will set you apart. To ensure your CV demonstrates your expertise for the position you are applying for, thoroughly read the job description. Online BCA from MUJ is the right foundation for your IT career If an individual is aiming to pursue an online BCA, they should always aim for one of the most reputed institutions in India, like Manipal University Jaipur. It offers enough scope to improve one’s skills, stay competitive, and earn well with all the modern facilities available for advanced job-oriented learning. Online BCA by MUJ covers an industry-oriented curriculum, has virtual labs for hands-on experience, and teaches essential programming language and software tools. This course also aims to prepare students for further study in computer science. Online Manipal also offers dedicated placement assistance services to help students evaluate their strengths and weaknesses and choose the most suitable career path. Conclusion The online Bachelor’s in Computer Applications offers excellent options for BCA students who are always eager to learn and take on new challenges. It’s important to remember that having a BCA or MCA degree from MUJ can help you get hired as an IT consultant. Yet, by developing new abilities and seizing opportunities that come your way, you can expand your horizons.
How to become a cloud architect? Cloud architecture refers to the design and structure of a cloud computing system. It involves defining the components and resources needed to support a particular application or service in the cloud, such as servers, storage, networking, and security. It involves planning and implementing servers, storage systems, databases, virtualization technology, and networking protocols required to deliver cloud computing services. It also encompasses developing and managing software applications that can run cloud platforms to ensure optimal performance and scalability. Cloud computing has become an essential part of today’s digital landscape, with more and more businesses relying on cloud solutions to meet their IT infrastructure needs. As a result, the demand for skilled cloud architects who can design and manage cloud-based systems has skyrocketed in recent years. This article will provide you with a comprehensive guide on how to become a cloud architect. But first, let’s understand what Cloud Architecture is. Importance of cloud technology in today’s business landscape Cloud technology has become increasingly important in today’s business landscape due to its numerous benefits and advantages. One of the main benefits of cloud technology is that it enables businesses to access their data and applications from anywhere and at any time. Another advantage of cloud technology is that it allows businesses to add or remove computing resources, storage, and other IT services as their business requirements change without investing in expensive infrastructure upfront. Cloud technology also offers enhanced security and disaster recovery capabilities. Cloud providers typically have robust security measures to protect data and often provide automatic backups. They Could service models like disaster recovery services to ensure that businesses can quickly recover from any data loss or system failure. Furthermore, cloud technology can help businesses reduce their overall IT costs, as they no longer need to invest in expensive hardware and software licenses or maintain their data centers. Also, read the programming languages and tools you will learn in BCA and MCA degrees. What does a cloud architect do? The leading roles and responsibilities of a cloud architect include the following: Designing and implementing cloud infrastructure: Cloud architects are responsible for creating Cloud infrastructure based on the organization’s needs. This includes selecting the right cloud platform, services, and tools to meet business objectives. Optimizing cloud performance: Cloud architects must ensure that cloud infrastructure performs optimally. This includes monitoring and optimizing cloud resources, ensuring scalability, and managing costs. Overseeing cloud deployment and migration: Cloud architects oversee the deployment and migration of applications and data to the cloud. This includes ensuring that applications are migrated without disruption and that data is transferred securely. Providing technical guidance: Cloud architects must give technical advice to developers, operations teams, and business leaders. They must also stay up-to-date with the latest cloud technologies and best practices. Managing cloud security: Cloud security comes under the role of a cloud architect. They must ensure that the cloud infrastructure they design is secure and meets the organization’s security policies and standards. This involves implementing security controls such as firewalls, encryption, and access controls. How much do cloud architects earn? In recent years, there has been a significant increase in demand for cloud architects as more businesses are transitioning to cloud computing. With the increasing Importance of cloud computing, the role of a cloud architect has become crucial in organizations. The demand for cloud architects is likely to continue to grow as more businesses and various sectors, like healthcare, education, government, technology, and more, are moving towards a cloud-based infrastructure, making it a lucrative and in-demand career choice. Regarding salaries, it’s worth noting that salaries can vary significantly based on experience, industry, company, and location. A cloud architect’s average salary is USD 1,43346. Cloud architects in India can earn between INR 7 lakh to INR 40 lakh per year, depending on their experience, skill set, and industry. Required technical skills and knowledge Now, let’s discuss the skills and certifications required to become a cloud architect. Understanding of cloud computing models: Cloud architects must be familiar with different cloud computing models. They must understand the advantages and disadvantages of each model and be able to choose the right one based on the client’s needs. Knowledge of cloud infrastructure and services: Cloud architects should have a strong understanding of cloud infrastructure and services. They must be familiar with cloud storage, networking, security, and database services. Proficiency in programming languages: Cloud architects must be proficient in programming languages such as Python, Java, and Ruby, which are used to automate and manage cloud resources. Familiarity with operating systems and virtualization technologies: Cloud architects must understand different operating systems, including Windows and Linux. They must also be familiar with different virtualization technologies, such as VMware and Hyper-V. Steps to becoming a cloud architect The following are the key steps to becoming a successful cloud architect: Get a degree: A bachelor’s degree in computer science, information technology, or a related field like BCA is usually the minimum educational requirement for a cloud architect role. You can also get a higher degree in these fields, like a degree in MCA. Earning a degree in BCA and MCA increases your chances of getting a job. Learn cloud platforms: You need to have a good understanding of various cloud platforms like Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), etc. You should also be familiar with cloud services like SaaS, PaaS, and IaaS. Get certified: Cloud vendors offer various certifications, such as AWS Certified Solutions Architect and Microsoft Certified Azure Solutions Architect. These certifications demonstrate your expertise and knowledge of specific cloud platforms. Gain experience: You should have experience working in the IT industry, particularly in cloud computing. This includes working as a cloud engineer, system administrator, or developer. Knowledge makes you stand out from the competition and increases your chances of becoming a cloud architect. Also read, Online BCA: A flexible and affordable path to a tech career How can the online BCA and MCA programs from MUJ familiarize you with cloud technology? Online BCA and MCA courses from MUJ can impart strong technical knowledge to students looking for a career in cloud computing. MUJ provides a Google cloud computing foundations curriculum for online BCA and MCA programs, which can help students to gain practical skills in designing, deploying, and managing cloud-based solutions. By acquiring these skills and knowledge, students can develop a strong foundation in cloud architecture and position themselves for success in this field.
The role of placement support services in bridging the job readiness gap College graduation is an enormous milestone, but transitioning from education to professional life can be intimidating for many grads. Despite acquiring classroom instruction, students may not always have competencies that are in line with what employers want, and they may not be aware of the practices for job searching and hiring. Businesses now seek out highly qualified individuals who are prepared to start working right away, making the talent environment even more competitive. Finding these highly trained, job-ready applicants, however, continues to be the key barrier to upholding the talent pipeline. The employability of recent graduates falls short of industry expectations. Due to this, there is a significant skill gap in the job market, which results in underemployment or unemployment. Colleges and universities are utilizing placement support services to narrow this gap. Graduates can use placement assistance services to help them find employment by giving them access to crucial resources like career development services, resume writing, job search tactics, and mentorship. In this article, we’ll examine how placement support services help close the preparation gap for the workforce. What is the job readiness gap? The disparity between job seekers’ knowledge and abilities and those potential employers are looking for is called the “job readiness gap.” This gap might be attributable to several things, such as a lack of education and training, work experience, or a discrepancy between a job seeker’s credentials and the demands of the labor market. Why is bridging the job readiness gap important? Closing the Job Readiness Gap enables individuals to gain the expertise, exposure, and experiences required for employment success. It might be challenging for job seekers to get employed because many firms have difficulty locating applicants who meet the standards for their jobs. Individuals can acquire the skills and competencies companies desire and improve their chances of finding employment by receiving job readiness training and support. Additionally, closing the job readiness gap is crucial since it can promote economic expansion and advancement. People are more likely to find employment, make a living wage, and support the economy when they have access to job-ready training and support. As a result, the workforce may become more innovative, productive, and competitive, all of which may be advantageous to individuals and the community as a whole. Also read: Virtual Placement Drives: Breaking Down Barriers for Online Students The role of placement support services in bridging the job readiness gap Placement support services give job searchers the tools, instruction, and assistance needed to acquire the expertise and information required to thrive in the workplace. The key approaches through which placement support services close the job preparation gap are listed below. Identifying and assessing the needs of job seekers The evaluation of job seekers’ needs is the first step in closing the job readiness gap. Placement support services carefully evaluate job seekers to determine their skills, limitations, and career objectives. This evaluation takes into account a candidate’s training, employment history, abilities, and interests resulting in better fulfilling the unique requirements of job seekers by understanding their needs and objectives. Setting career goals and plans After determining the requirements and objectives of job seekers, placement support services collaborate with them to create a career plan and set targets. The actions that job searchers must take to reach their career objectives are outlined in this plan, including developing new abilities, obtaining higher learning or credentials, and networking. In addition, placement services offer job seekers direction and encouragement as they strive towards their professional objectives, assisting them in staying on course and motivated. Assistance with job search and application Intervention in the career exploration and application process is offered via placement support services that involve assisting job seekers in producing resumes, cover letters, and application materials that effectively communicate their capabilities. Job seekers can also get information from placement support agencies about open positions, career fairs, and other job opportunities. Furthermore, job searchers may receive aid from placement support services with networking, interviews, and contract negotiations. Mentoring initiatives Mentorship programs are a crucial part of placement support services. A mentorship program pairs recent graduates with seasoned experts in their industry who may offer direction and help in navigating the employment market. The mentor can assist the graduate in expanding their network, honing their talents, and getting input on their résumé and job applications. As they provide guidance and assistance from somebody who has been in their position, mentoring programs are an invaluable tool for recent graduates. Also read: Strategies for Overcoming Placement-related Anxiety Skills development and interview preparation Job seekers can strengthen their skills and prepare for interviews with the help of placement support services. This includes advising job candidates on conducting background research on potential employers and preparing answers to frequently asked interview questions. Additionally, placement assistance services may provide courses and training sessions to assist job seekers in acquiring new in-demand skills. Wrapping Up Placement support services help meet the needs of employers looking for competent applicants for their open positions while also giving students the support and tools they require to excel in their careers. Online Manipal’s placement assistance services help learners become more marketable to employers and enter or reenter the workforce by locating a job that matches your skills and preferences.
Online learning: Pros and cons of online education The Covid-19 pandemic has changed the way we view the world and it has given a massive boost to the e-learning industry. Most schools, colleges, universities, and educational institutions have resorted to the online medium as a way of ensuring that students don’t miss out on their learning years. But the importance of online learning is not just restricted to the pandemic situation; it is here to stay and a wonderful way of getting an education and broadening one’s horizons. Universities worldwide are collaborating with EdTech firms to offer quality education in the online mode. Online degrees are recognized at par with on-campus degrees, and many employers prefer hiring candidates who have completed their online degrees. With an online degree, learners can study at their own pace and convenience. Read more to find out how our learners are balancing online learning & personal life Advantages of online learning No time and space constraints With the best online courses in India, there are no constraints placed on time or space. This means students have the opportunity to learn during their own schedule and in a space that they are happy with. They do not have to go anywhere to take classes; they can do so from the comforts of their homes. If you can choose an online program with live as well as recorded classes, you can partake in them at a time convenient to you. No need to travel A wonderful benefit offered by online educational programs in India is that the need to travel is done away with. Students don’t have to travel to attend classes they want to and they can sit at home and study. This means that no time is wasted in conveyance and that time can be utilized for leisure or more productive work. Students also find themselves much more relaxed with online classes which mean they can work harder at achieving their dreams. Efficient means of learning Another great reason for online distance learning is that it has activated a more efficient means of learning. There are so many tools made available to teachers such as PDFs, a live recording of classes, podcasts, WhatsApp, and email that when they are used fruitfully with a purpose, can make teaching and learning a lot easier. Higher chances to improve With recorded classes, students can improve more. Anything a student is not able to understand can be given time so that she can improve and learn. It may even be possible for the student to approach the teacher or mentor to ask about the subject matter in hand. This ensures that improvement is expected. Higher cost-efficiency Education in India can be quite expensive but with online educational programs in India, costs can be reduced. This is because an online education system allows schools and universities to save money on overhead costs, making it a cost-efficient means of imparting education. Making technology a part of everyday life Another of the important benefits that online education offers make students make technology a part of their everyday routines. With online classes, online learning platforms, and research is done online, students are better able to cope with technology. Since technology is going to be such an integral part of every industry one can think of in the future, being comfortable with it is a great idea. Higher attendance Most schools and universities suffer from many cases of low attendance of students. With the best online courses, students can study from anywhere they want to, and even on vacation! This makes higher attendance the norm. Students feel comfortable about making study a part of their regular life because attending classes online is easy. Versatility in learning Each and every student has a different learning style. With online education programs in India, it is easier for them to integrate their own style. While one student may be an early bird, another may study well at night. With online learning, it is possible for both of them to thrive, grow and learn. Read top 10 blogs on online degrees in 2022 Disadvantages of online learning When discussing the pros and cons of online learning, the disadvantages should not be ignored. Little focus on students This is one complaint that many parents have against online learning. The fact that online learning platforms do not give teachers the opportunity of looking at each and every student is considered a minus point. However, depending on the online distance learning courses one chooses, it really depends on the particular student how much she can imbibe. The truth is that in live classes, a student can always ask questions and have doubts cleared by the teacher if she wishes to. Technological constraints This point is one of the important pros and cons of online education. Many times, internet speeds offered may not be up to par for online classes and this can cause problems in communication. Also, smartphones and laptops may not work properly at all times and this may prevent students from studying online. Missing a classroom experience Many students may think that online learning prevents them from making connections with other students. Yes, a classroom experience cannot be mimicked online. However, it is always possible to keep in touch with other students and teachers by video conferencing and phone calls if one wants to. Importance of teacher training Online education programs in India have been very hard on teachers with them having to adjust to a completely different medium to teach. Teachers need to be trained but the sudden lockdown in 2020 made it impossible for them to be provided the training they require to get accustomed to the medium. Health hazards With online distance learning, the focus on the screen has increased tenfold. Everything is being done on a screen, including classes, submitting projects, and so on and so forth. This has led to some inevitable health hazards. Screen-time has increased a lot with many students complaining of headaches and neck pain. It is important for those pursuing one of the online educational programs in India to learn how to cope. The most important way to do so is to include some screen-free time every day no matter what. Including some form of physical exercise is also a good idea and it will relieve any back and neck pain that has resulted from attending online classes. Talking with friends and family and spending quality time with them is also a wonderful way of keeping up with health. Find out various methods to choose the right online bachelor’s degree program. Wrapping up The truth is that despite the pros and cons of online learning, it is here to stay. That is why it is important for students, teachers as well as parents to make their peace with it and integrate it into the medium. At Online Manipal, you have access to a list of curated online degree programs from reputed institutions such as Manipal Academy of Higher Education (MAHE), Manipal University Jaipur (MUJ), and T.A. Pai Management Institute (TAPMI). MAHE is offering online MBA for working professionals, M.Sc. in Data Science, M.Sc. in Business Analytics along with PGCP in Business Analytics, and Logistics & Supply Chain Management. TAPMI is offering its premium MBA-BKFS in online mode for experienced professionals. Manipal University Jaipur has incredible undergraduate and postgraduate programs available online. Their Online BBA, Online B.Com, Online BCA, Online MBA, Online MCA, Online M.Com, and Online MA JMC are very accepted by thousands of learners across India and outside. They are known for having excellent study materials and coupled with a great online classroom experience, they help students achieve their career goals with ease. With live and recorded classes, access to a huge e-library, excellent faculty, and multi-channel student support, these UGC-approved courses can be a great choice for students who want to embrace the best online courses. Visit Online Manipal website to know about their various programs.
Digital transformation demystified: What it is and why it matters Digital transformation refers to the process of integrating digital technologies and tools into all aspects of an organization’s operations, business models, and culture to deliver greater value to customers and stakeholders. The concept of digital transformation has been around for several decades, but it wasn’t until the late 1990s and early 2000s that it started to gain traction as a significant trend. The key benefits of digital transformation Increased efficiency: By digitizing and automating key business processes, organizations can streamline operations, reduce costs, and increase efficiency. Enhanced customer experience: Digital technologies can enable organizations to better understand and meet the needs of their customers. Improved decision-making: Digital technologies can provide organizations with real-time data and insights that can be used to make better decisions. New revenue streams: Digital transformation can create new opportunities for revenue growth by enabling organizations to offer new products and services, enter new markets, and leverage new business models. Competitive advantage: By embracing digital transformation, organizations can gain a competitive edge over their rivals by being more agile, responsive, and innovative. Also read: Digital transformation in the world of securities and capital markets The most common types of digital transformation Customer experience transformation: This type of digital transformation focuses on improving the customer experience through digital channels. It involves using technology to create personalized experiences, improve self-service options, and enhance the overall customer journey. Operational transformation: This type of digital transformation focuses on streamlining business processes and making them more efficient. It involves using technology to automate tasks, reduce costs, and improve productivity. Product transformation: This type of digital transformation focuses on developing new digital products or services or transforming existing ones. It involves using technology to innovate, create new revenue streams, and improve the customer value proposition. Cultural transformation: This type of digital transformation focuses on changing the culture of the organization to be more innovative, agile, and digitally savvy. It involves building a culture that is open to experimentation, embraces change, and values digital skills. Data transformation: This type of digital transformation focuses on leveraging data to gain insights and make better business decisions. It involves using technology to collect, store, and analyse data in real-time, and using those insights to drive business outcomes. Strategic transformation: This type of digital transformation focuses on aligning the organization’s overall strategy with digital capabilities. It involves using technology to create new business models, enter new markets, and gain a competitive advantage. Learn more about the role of data science in digital transformation. Advantages and disadvantages Advantages of digital transformation Increased efficiency: Digital transformation can streamline processes, reduce manual labor, and eliminate errors, leading to increased efficiency and productivity. Improved customer experience: Digital technology can enable pharma companies to provide better customer experiences, such as personalized services, real-time communication, and faster response times. Disadvantages of digital transformation High costs: Digital transformation can be costly, requiring significant investments in technology, training, and infrastructure. Cybersecurity risks: Digital technology can also expose pharma companies to cybersecurity risks, including data breaches, theft, and hacking. Use of digital transformation in real world scenario Digital transformation refers to the use of digital technologies to fundamentally change how organizations operate and deliver value to their customers. The benefits of digital transformation are many, and they can be broadly categorized into three main areas: operational efficiency, customer experience, and innovation. Operational efficiency: operational efficiency is a critical aspect of digital transformation that can provide numerous benefits to organizations in the real world, including cost savings, improved customer experience, increased agility, better data insights, and competitive advantage. Customer experience: Customer experience is essential for successful digital transformation as it provides a customer-centric approach to the development of digital solutions, which can improve customer engagement and satisfaction. Innovation: Innovation is essential in digital transformation as it enables organizations to stay ahead of the curve and adapt to the changing business landscape. By embracing innovation, companies can create new opportunities, improve their customer experience, and increase their efficiency and productivity. Conclusion Digital transformation is no longer an option but a necessity for businesses seeking long-term growth and success. By embracing new technologies, processes, and mindsets, organizations can unlock new opportunities and deliver greater value to their customers. Whether it’s through automation, data analytics, AI, or cloud computing, digital transformation presents a wealth of possibilities for businesses in every industry. The key is to approach it with an open mind, a willingness to learn, and a commitment to ongoing innovation. With these elements in place, businesses can thrive in the digital age and achieve their full potential.
Decoding the rise of job opportunities in the BFSI sector The current BFSI industry The BFSI industry is a highly regulated sector that has been undergoing a major transformation in recent years due to technological advancements, regulatory changes and the overall changing dynamic of the financial services landscape. The increasing adoption of digital technologies has led to the emergence of fintech companies that are leveraging cutting-edge technologies such as Artificial Intelligence, Blockchain, Machine Learning, and the Internet of Things to offer innovative financial solutions to consumers. The Indian BFSI industry has experienced steady growth of 27% in February 2022 and continues to grow, opening up various opportunities for professionals in the banking and financial services sector. The modern trends in the BFSI sector have disrupted conventional business models demanding professionals to adapt and upskill themselves accordingly. Finance-related job openings have gone up by 8%, and some of the top skills in demand in the market are – wealth management, cybersecurity, credit operations, financial auditing, investment banking, and analytics. The BFSI sector is an important part of the global economy, providing essential services such as payment processing, lending, insurance, and investment management. Thus, companies have to acclimate to new technologies, changing customer demands, and regulatory changes in the BFSI sector to remain competitive and relevant. You can also read: How MBA-BKFS helps you transition into leadership positions in the BFSI sector. Why is there a rise in BFSI jobs? Some of the reasons behind the rise of jobs in the BFSI sector are discussed below: Emerging technologies The rising adoption of AI and ML technologies along with blockchain has led to increased automation when it comes to completing transactions and handling high data volumes in the industry. The new opportunities presented by evolving technology have allowed BFSI businesses to offer cutting-edge goods and services, digital wallets, robo-advisory, and peer-to-peer lending. With the advent of robotic process automation (RPA), virtual assistants, and chatbots, it has been noted that firms are experiencing increasing efficiency in their day-to-day tasks. Thus, it has led to a rise in the need for experts who can set up and manage these technologies while offering customers efficient round-the-clock service. Thanks to Big Data and Machine Learning, BFSI organizations are now able to analyze massive volumes of data to make more informed decisions and cater to the needs of the customers appropriately. To reap the utmost benefit from these technologies, the BFSI sector requires skilled professionals with expertise and experience in using these technologies effectively. Need for skilled professionals The BFSI industry is highly regulated; thus, it needs experts who can assure compliance while comprehending the regulatory landscape. The BFSI industry has a significant demand for skilled personnel, including compliance officers, risk managers, and internal auditors. Additionally, BFSI businesses need experts that can oversee digital platforms, create innovative products and solutions, and improve relations with clients. Mobile technology analysts and cybersecurity experts are among the top professionals hired by the BFSI segment. Threat remediation, proactive incident response and monitoring, data migrations, backup, and protection are among the biggest priorities for organizations. With increasing business innovation comes advanced supply chains and higher demand for use cases of smart technologies. Professionals are needed to oversee these processes and optimize resource management of assets as well. Also, there is a need for experts who can manage financial transactions, offer financial advice, and manage risks, including wealth managers, insurance agents, financial analysts, and investment bankers. So, the BFSI industry provides a variety of work possibilities for qualified employees with various backgrounds and specialties. Demand for finance-related jobs There is a high demand for finance professionals in the BFSI sector as companies are expanding into new markets and seeking growth opportunities for their businesses. A deeper comprehension of the significance of financial planning and management is what is driving the need for positions in the finance industry. There is a huge demand for knowledgeable professionals in the field to help companies assess future investment opportunities. The finance field is highly dynamic in nature, presenting exciting opportunities, challenges, and a fast-paced environment. Professionals wanting to advance their careers in the field require strong problem-solving skills, and they can expect a career progression once they get started. Professionals in the finance field can also pursue various advanced roles and take up additional responsibilities to increase their pay. Financial planners, advisors, and analysts now have more employment options, thanks to the growing acceptance of digital technology and the increased understanding of the value of financial planning and management. In-demand skills required for the BFSI industry The willingness to learn, evolve with changing trends, and be open to new opportunities are essential for professionals in the BFSI industry. Discussed below are some of the most in-demand skills needed for BFSI sector jobs. These skills would help BFSI professionals to succeed in their job roles and advance their careers. Financial Risk Management Financial risk management involves a mix of problem-solving, creativity, credit analysis, decision-making, leadership, and the ability to forge strong business relationships. Professionals in the BFSI sector must possess this skill to be successful in the domain and advance to higher positions. Wealth Management Wealth management involves having consultations with clients, discussing their desired objectives and milestones, and taking the steps needed to achieve them. It also involves carefully assessing the portfolios and assets, thereby making realistic recommendations based on market scenarios for investment, savings, and diversification. Credit Operations Credit operations give guidance on matters related to sales cycles, order management, customer financial services, general management, processes, and procedures. It also ensures compliance with the latest rules and regulations, including with audit partners. Investment Banking Investment banking requires strong foundational knowledge of mathematics, finances, and economics. A good investment banker is able to connect with people, understand their pain points, and find innovative solutions that address their challenges. Invest bankers deal with mergers and acquisitions, forecasts, joint partnerships and LLPs, and much more. Cybersecurity Cybersecurity experts work within organizations to secure network parameters and prevent possible data breaches. They safeguard sensitive information, perform security audits and penetration testing, set up firewalls, and improve the overall security posture of firms. They are also responsible for designing cybersecurity policies and for coordinating with CISOs who are next to the CEO. Analytical Skills Being able to parse data from multiple sources and make sense of intangible information, think outside the box, and brainstorm rational solutions to tough problems all fall under analytical skill sets. An analytical thinker can problem-solve and implement effective strategies that benefit the organization. Pursue an online MBA in BKFS from TAPMI The BFSI landscape is continuously changing, driven by technological advancements and growing customer demands. The sector’s transformation is creating new opportunities for professionals to upskill themselves in new-age technologies. Employers demand skilled and qualified professionals with niche skills that are needed to succeed in today’s advanced BFSI sector, which extends beyond what traditional program curriculums offer. The online MBA-BFKS program from TAPMI is the ideal option for professionals to develop an advanced and up-to-date knowledge of the BFSI sector and presents them with the scope for career advancement. Professionals who pursue the MBA in BFKS course are in high demand due to the following reasons: Graduates of the program gain advanced knowledge and varied real-world experiences in the BFSI sector with industry-focused projects, case studies and integrations. Learners develop command over emerging areas in the BFSI sector, such as cryptocurrency, blockchain, banking technologies, credit analytics, treasury management, fund investments, etc. The career-oriented electives of the program, such as banking, analytics for banking & finance, capital markets and advanced corporate finance, provide learners with experiential learning outcomes. Exclusive industry mentorship prepares candidates to be leaders in the BFSI sector and stand out in the ever-evolving BFSI business environment. To know more, read: Why are MBA-BKFS graduates sought after? Conclusion The BFSI sector is a significant contributor to the global economy, and the rise of employment opportunities due to the major transformation in the sector is opening up various career paths for professionals. Professionals can take advantage of the growth in the sector by upskilling themselves with updated knowledge of the sector and niche technologies. The MBA in BKFS program is highly recognized with top accreditations and helps learners to build managerial careers in the BFSI sector. Professionals should enroll in the online MBA in BKFS program from TAPMI to advance their careers to leadership positions in the BFSI sector.
Significance of probability and statistics in business decisions Probability and statistics are fundamental concepts in the field of business and management. As an MBA student, understanding these concepts is essential for making informed decisions and analyzing business data. Probability is the study of the likelihood or chance of an event occurring. In business, probability can be used to estimate the chances of success or failure of a project, investment, or product launch. It can also be used to predict future trends based on past data. Statistics, on the other hand, involves collecting, analyzing, and interpreting data. This can include identifying trends and patterns, calculating averages and measures of variability, and testing hypotheses. In business, statistics can be used to make decisions based on data-driven insights, such as market research, financial analysis, and performance evaluation. In a range of MBA courses, including those in finance, marketing, and operations management, you can come across probability and statistics. Some key topics you may cover include probability distributions, hypothesis testing, regression analysis, and time series analysis. Businesses can assess the success of their strategy and investments with the use of probability and statistics. For instance, companies can assess the effectiveness of various marketing campaigns or website designs using statistical methods like A/B testing. Businesses can enhance their strategy and returns by studying the findings of these tests. Learn more about the role of statistics in business analytics. Why is probability & statistics needed for MBA students? Business decisions are based on data: MBA students will likely encounter data in various forms throughout their careers. They will need to know how to analyze data and use statistical methods to make informed business decisions. Forecasting and prediction: MBA students need to be able to predict future trends and make informed forecasts. Probability and statistics provide the tools to analyze historical data and make predictions about future events. Marketing: Marketing decisions are often based on statistical analysis. MBA students need to know how to analyze market research data and make informed decisions based on that analysis. Finance: Probability and statistics are essential tools for financial analysis. MBA students need to understand statistical models and techniques for analyzing financial data and making informed investment decisions. Benefits of probability & statistics for MBA students Making data-driven decisions: MBA students will learn how to analyze data using statistical methods to make informed decisions. Probability and statistics enable students to understand the probability of an event occurring and make decisions based on the data collected. Understanding business trends: Understanding statistical concepts such as correlation and regression analysis enables MBA students to understand the relationship between variables and identify trends in business data. This information can be used to make better business decisions. Risk management: Probability is crucial in risk management, and MBA students who are familiar with it can better evaluate and manage risk. They can use statistical methods to predict the likelihood of a particular outcome and develop strategies to mitigate potential risks. Quantitative analysis: MBA students with knowledge of probability and statistics can apply quantitative analysis to business problems. Quantitative analysis involves using statistical methods to measure and analyze numerical data, enabling MBA students to make more informed decisions. Effective communication: Probability and statistics provide MBA students with a common language for communicating business data. This enables them to effectively communicate with others in the business world, including executives, colleagues, and clients. Learn more about the predictive analytics in business analytics. Job marketing for knowing probability and statistics for MBA students Particularly for MBA students who are interested in pursuing a career in marketing, marketing occupations occasionally necessitate a solid grasp of statistics and probability. This is due to the fact that marketing requires the analysis of data in order to spot patterns, make wise judgments, and create efficient marketing plans. In order to understand consumer behavior and how customers react to marketing initiatives, probability and statistics are crucial tools for marketing professionals. Marketers, for instance, employ statistical analysis to assess the success of various advertising campaigns or to identify the demographic groups most likely to respond to a given product or service. Also, marketers must have a solid grasp of probability, especially when it comes to forecasting consumer behavior. Probability is frequently used by marketers to create models that forecast how consumers will react to various marketing stimuli, including pricing adjustments or product promotions. Marketers may generate more accurate predictions and create more successful marketing strategies by understanding the underlying probability distributions that control consumer behavior. Marketers can find trends in consumer behavior that may not be immediately obvious by using statistical analysis. For instance, using statistical analysis, marketers might spot patterns in sales data that might point to shifting consumer preferences or market trends. Early trend detection allows marketers to make necessary strategy changes, keeping them competitive and ahead of the curve. You may like to know more about the role of business analytics in decision making. Types of probability & statistics for MBA students Descriptive statistics: This is the branch of statistics that deals with the collection, organization, analysis, and interpretation of data. It is used to summarize and describe the basic features of a dataset. Inferential statistics: This is the branch of statistics that deals with making predictions or generalizations about a population based on a sample. It involves estimating population parameters from sample statistics and testing hypotheses about the population. Probability distributions: Probability distributions are mathematical functions that describe the likelihood of different outcomes in a random process. Common distributions include the normal distribution, binomial distribution, and Poisson distribution. Hypothesis testing: Hypothesis testing is the process of using statistical methods to test whether a hypothesis about a population is likely to be true or not. It involves comparing sample statistics to a known or assumed population parameter. Regression analysis: Regression analysis is a statistical technique used to identify the relationship between a dependent variable and one or more independent variables. It is commonly used in business to predict outcomes based on past data. Time series analysis: Time series analysis is the statistical analysis of data that is collected over time. It involves identifying patterns, trends, and seasonal fluctuations in the data. Bayesian analysis: Bayesian analysis is a statistical technique that uses prior knowledge and probabilities to update beliefs about a population or process. It is commonly used in decision-making and risk analysis. Monte Carlo simulation: Monte Carlo simulation is a computational technique used to model and simulate complex systems or processes. It involves generating random samples to estimate probabilities and outcomes. You may be interested to know the differences between predictive modelling and cluster analysis. Conclusion Understanding probability and statistics is crucial to making informed and data-driven business decisions. With the help of statistical analysis and techniques like hypothesis testing and A/B testing, businesses can make confident decisions that lead to increased profits, higher customer satisfaction, and ultimately, success in the marketplace. By leveraging probability and statistics, business analysts can unlock new insights, reveal hidden patterns, and gain a competitive edge in today’s data-driven world. So, if you’re looking to excel as a business analyst or data scientist, developing a strong foundation in probability and statistics is essential. If you would like to become a data professional, enroll in a data science or business analytics program in a top-class institution like Manipal Academy of Higher Education (MAHE). Online M.Sc. in Data Science and online M.Sc. in Business Analytics programs from MAHE helps you become a future-ready professional.
Future in GCC: Master’s in Business Analytics is the way In today’s data-driven society, businesses generate vast amounts of data. Understanding this information is essential for businesses to make informed decisions and obtain a competitive advantage. Business analytics employs statistical and quantitative techniques to analyze data and derive actionable insights to improve decision-making. Demand for professionals who can leverage data to drive business outcomes has skyrocketed in tandem with the exponential growth of data. Let’s review the future of business analytics in the GCC (Gulf Cooperation Council) region and why aspiring professionals seeking a career in this field should pursue a Master’s in Business Analytics. Importance of business analytics in the GCC’s economy The GCC region is home to numerous industries with enormous quantities of data. Utilizing business analytics, industry companies can obtain insights into their processes, identify inefficiencies, and optimize processes to lower expenses and boost profitability. Financial institutions can gain insight into consumers’ behavior, preferences, and requirements, enabling them to build more specific and efficient marketing strategies and provide more personalized products and services. The logistics industry in the GCC is expanding swiftly due to the region’s strategic location as a global trade gateway. Utilizing business analytics, logistics companies can optimize their supply chain operations, reduce costs, and enhance delivery times, thereby gaining a market advantage. Moreover, governments in the GCC region are increasing their investments in digital transformation initiatives, such as constructing the infrastructure required to support data analytics. For example, the UAE Strategy for Artificial Intelligence seeks to establish the nation as a global AI research and development pioneer. Similarly, Saudi Arabia’s Vision 2030 prioritizes digital transformation and the development of a knowledge-based economy, which includes investments in data analytics. Learn more about the current market trends of business analytics & data science. How a Master’s in Business Analytics aligns with the GCC’s economic needs? Here are several ways a Master’s in Business Analytics correlates with the economic requirements of the GCC: Growing demand for data-driven decision-making Businesses that can effectively extract insights from data have a significant competitive advantage in today’s data-driven economy. The GCC region has various data-generating industries, including energy and gas, finance, and logistics. Students who pursue a Master’s in Business Analytics acquire the skills and knowledge necessary to leverage data for business outcomes, making them highly desirable to employers. A focus on innovation and improving business results A Master’s in Business Analytics equips students with the skills to drive innovation and enhance business outcomes. By analyzing and interpreting data, business analytics professionals can spot patterns and trends that can assist organizations in making informed decisions regarding operations, products, and more. This data-driven approach to decision-making enables businesses to optimize operations, reduce costs, and increase efficiency and profits. They can use data to find areas where innovation can be implemented and analytical tools to determine the impact of these innovations. This strategy enables businesses to remain ahead of the competition, be more adaptable, and react swiftly to market changes. Development of transferable skills Students who pursue a Master’s degree in Business Analytics develop various transferable skills such as critical thinking, problem-solving, and communication. Employers across industries highly value these skills, which can help students flourish in various positions, including data analysts, data scientists, and business analysts. Moreover, developing these skills enables students to adapt to evolving technologies and work environments throughout their careers. Due to the GCC region’s rapid technological advancement and digital transformation, individuals must possess transferable skills to transition to new positions and industries. Learn more how can a master’s in data science contribute to UAE’s data economy. Career opportunities and growth potential In the digital economy of the GCC, a Master’s in Business Analytics can provide various job opportunities and career growth potential. Here are some examples: Data Analyst As a data analyst, you can assist organizations in making sense of the immense quantities of data they generate by identifying actionable insights and trends that drive business outcomes. With the GCC’s emphasis on digital transformation, industries from finance to healthcare have a growing need for data analysts. Data Scientist Opportunities for data scientists with a Master’s in Business Analytics are numerous and growing in demand. They use analytical tools and techniques to create predictive models, identify trends, and assist businesses in making informed decisions regarding operations, products, and more. Data scientists are in high demand in the GCC region and work in various industries like finance, healthcare, technology, etc. Business Analyst Business analysts are accountable for identifying and analyzing business requirements, processes, and systems to identify areas for optimization and enhancement. They collaborate closely with stakeholders to define objectives, create solutions, and implement changes. Managerial roles Managers are accountable for supervising teams, initiatives, and resources to ensure the achievement of organizational objectives. Data analysis and business analytics managers are in high demand in various industries. These industries significantly rely on data-driven insights for decision-making and driving business results. Let’s also see the salary of all these job positions in the UAE mentioned here: Job NameSalaryData AnalystAED 7,500 per monthData ScientistAED 22,750 per monthBusiness AnalystAED 14,000 per month Importance of M.Sc in Business Analytics in shaping the GCC’s future A Master of Science in Business Analytics cannot be overstated is essential for individuals seeking success in the digital economy of the GCC for the following reasons: Rapid economic expansion and change in the GCC region Digital transformation in e-commerce, cybersecurity, and artificial intelligence Addressing the skills gap in data analysis and business intelligence Gives individuals the flexibility and adaptability to operate in multiple industries Conclusion Individuals who wish to flourish in the digital economy of the GCC should pursue a Master’s in Business Analytics. With the region’s increasing emphasis on digital transformation and data-driven decision-making, business analytics experts will be well-positioned to influence the GCC’s economic future. Manipal Academy of Higher Education (MAHE)’s online M.Sc. in in Business Analytics program is an excellent option for those looking to succeed in this field. The program equips students with the tools to fuel innovation, meet industry demand, develop transferable skills, and promote economic development in the GCC through its comprehensive curriculum and experienced faculty. Consider enrolling in online Master’s in Business Analytics program today to take advantage of the thrilling opportunities presented by the digital economy of the GCC. Key takeaways: The article emphasizes the significance of obtaining a Master’s in Business Analytics for individuals seeking success in the GCC region’s digital economy. It examines how this degree program aligns with the region’s economic requirements and offers various career options and development potential.
Top data visualization techniques that help in effective decision-making Making wise decisions is one of the key building blocks to success in any sector and industry. It’s essential to have visible information at your fingertips to express ideas effectively, regardless of your position as a high or low-level decision-maker within your organization. When businesses expand, the amount of data they produce also increases. Data visualization puts information into a visual context, such as a map or graph and makes it easier for the human brain to grasp and draw conclusions. Its major objective is to simplify seeing patterns, trends, and outliers in big data sets. Terms like information graphics, visualization, and statistical graphics are frequently used interchangeably. Analysts can extract the most knowledge from a research or presentation when data is presented visually appealing, making examining a set of information simple. Data visualization may make quicker decisions, and users can better understand patterns and trends. The importance of data visualization in decision-making is now clearly visible. It is accessible to various roles within your organization, even those who may not be subject-matter experts. Even though they might not be specialists at reading data themselves, your sales personnel can comprehend customer behavior and attitudes if you use the proper data visualization technologies. Common data visualization techniques Line graphs: These visuals, widely used in predictive analytics, demonstrate change in one or more values by showing a series of data points across time. Line graphs use lines to show these changes. Bar graphs: Another popular and simple data visualization technique is the standard bar chart, sometimes known as a bar graph. The categories being compared are shown on one axis of the chart, while the measured value is shown on the other. The length of the bar represents how each group performs about the value. Pie charts: Pie charts may also show how a categorical variable is split into several categories. Yet, we must exercise extreme caution while employing this type of representation. This is because they are typically difficult to interpret precisely. Scatter plots: A scatter plot is another way of displaying data utilized. A scatter plot represents data for two variables as points placed on the horizontal and vertical axes. This sort of data visualization may be used to discover patterns or correlations in data by demonstrating the links between variables. Heatmaps: A heat map is a visualization that uses color to indicate contrasts in data. Color is used in these charts to express values, allowing the observer to detect patterns immediately. Heat maps may be used in a variety of ways. Treemaps: This approach displays stacked hierarchical data. Each category’s rectangle size is proportionate to its percentage of the total. Treemaps work well when there are several categories, and the purpose is to compare different aspects of a whole. Word clouds: A word cloud, also known as a tag cloud, is a visual representation of text data in which the size of each word corresponds to its frequency. The larger a certain term appears in the graphic, the more frequently it appears in the dataset. Words may seem stronger or follow a certain color scheme based on frequency and size. How an MBA in Analytics and Data Science helps you learn data visualization techniques Data science focuses on understanding the underlying data to get insightful business knowledge. Recent years have seen a rise in the relevance of big data, and organizations are looking to use data to redesign their operations and make better decisions. The MBA in Data Science and Analytics covers machine learning for business, data analysis and AI, data visualization, and many more topics. The training also aids in your development of managerial and decision-making skills. Data science is becoming more and more in demand. The primary cause of this is the development of digitalization throughout time. Data analysts are in high demand nowadays, with practically every organization seeking them. Also, you may have the opportunity to work with some of the biggest employment agencies, like TCS, Wipro, KPMG, Deloitte, and many others. Companies mostly seek individuals with data analysis abilities to help them foresee and comprehend potential business difficulties. You should also check out MBA in Banking & Financial Services vs. MBA in Finance. Learn important data visualization techniques with MUJ’s online MBA in Analytics and Data Science Manipal University Jaipur (MUJ) is a reputed institution with a NAAC A rating and UGC recognition. It provides MBA programs with various electives, including one in analytics and data science. The online MBA program by Manipal University Jaipur offers the best academic content taught by knowledgeable professors. You get free access to Coursera’s courses after you enroll in the program, in addition to the massive amount of online learning resources. You may go over any concepts you missed previously and make many adjustments with the aid of the recorded lessons. Most importantly, you will learn about the common data visualization mistakes to avoid. The MBA in Analytics and Data Science program seeks to build strong conceptual and application design foundations that will enable students to reevaluate existing career pathways and create new opportunities for professional advancement. Also, read, can I grow as a domain leader after completing an MBA in Business Analytics? Conclusion The demand for analytics and data science is expanding rapidly right now. There has never been a better opportunity to harness the quantity of data we have access to today to get insights. It will result in better employment opportunities and options for professional progression. An MBA in Analytics and Data Science aims to equip students with the necessary knowledge and skills to excel in the domain and establish a lucrative career.
