AI glossary: 25 artificial intelligence terminologies that you should know In an era where artificial intelligence (AI) is not simply a buzzword but a fundamental element of progress, it is important to comprehend its language. This blog article offers a comprehensive guide to navigating the complex vocabulary of artificial intelligence. Whether you’re a budding enthusiast, a professional stepping into the AI arena, or simply a curious mind, this glossary aims to demystify the jargon, making the complex world of AI accessible to everyone. Clarify your doubt about if AI boon or bane. Artificial intelligence (AI) is a fascinating scientific discipline that focuses on the development of machines capable of doing tasks that typically necessitate human intelligence. These tasks encompass a spectrum of activities, starting with basic problem-solving and extending to more intricate functions such as acquiring knowledge, making decisions, and understanding language. The advancement of artificial intelligence (AI) can revolutionize all aspects of our lives, encompassing healthcare, education, entertainment, and beyond. The importance of AI cannot be overstated. It is revolutionizing industries, enhancing human talents, and creating opportunities for invention forms. AI, or artificial intelligence, is increasingly becoming essential to our everyday lives. It ranges from personal assistants like Siri and Alexa to more sophisticated systems capable of predicting natural disasters or diagnosing diseases. This is significant in its technological progress and ability to address worldwide problems. You may like to know about algorthmic leadership. Image source: AI-generated Essential AI glossaries Here’s a curated essential AI terms that everyone should know: AI ethics and safety: An essential consideration in the creation or development and implementation of AI intelligence, focusing on ensuring that they are used in a manner that is ethical, transparent, and promotes the safety and confidentiality or privacy of individuals. Algorithm: An algorithm is a collection of regulations or directions that are created to carry out a certain activity or resolve an issue. Artificial General Intelligence (AGI): An abstract form of artificial intelligence that has the capacity to comprehend, acquire knowledge, and employ it in various activities, reaching or surpassing the level of human intelligence. Artificial Intelligence (AI): Artificial intelligence refers to imitating human intelligence processes by devices, specifically computer systems. Artificial Neural Networks (ANNs): Artificial Neural Networks (ANNs) are computational models inspired by the human brain’s network of neurons. They consist of layers of interconnected nodes or “neurons,” which simulate the neural connections in the brain. Each node in a network act as a small processing unit, performing simple computations and transmitting signals to other nodes across the network. Backpropagation: Backpropagation is a technique employed in artificial intelligence (AI) to optimize mathematical weight functions and enhance the precision of the outputs produced by an artificial neural network. Big Data: Extremely large, intricate, and rapidly changing data sets that may be studied computationally to uncover patterns, trends, and relationships. Classification: A process in machine learning that involves categorizing input data into predefined groups or classes. Clustering: A machine learning technique that aims to group a collection of items organised according to their similarities, where objects within the same group exhibit more similarity compared to objects in separate groups. Convolutional Neural Network (CNN): A Convolutional Neural Network (CNN) is a sophisticated machine learning system that can process input images, assigning value (via learnable weights and biases) to different elements or objects within the image, enabling it to distinguish between them. Data Mining: Data mining is the systematic extraction of patterns, correlations, trends, and valuable insights from extensive collections of data. Deep Learning (DL): A subset of machine learning in artificial intelligence involves the use of artificial neural networks with multiple layers (hence the “deep” aspect) to model complex patterns in data capable of learning unsupervised from unstructured or unlabeled data. Genetic Algorithm: Search heuristics that imitate the mechanism of natural selection to produce optimal solutions for optimization and search problems. Heuristic: An efficient approach is developed to speed up problem-solving when conventional approaches prove to be sluggish or to ascertain an approximate solution when conventional methods cannot identify an exact solution. Machine Learning (ML): A subset of AI that involves the creation of algorithms that can modify themselves without human intervention to produce desired outputs by feeding on data. Natural Language Processing (NLP): NLP is a subfield of Artificial Intelligence (AI) that focuses on enabling machines to comprehend and interpret human languages. Precision: In machine learning, the ratio of relevant instances among the instances selected by the model. Quantum Computing: Quantum computing is a sort of computation that use quantum phenomena such as superposition and quantum entanglement to carry out operations on data. Recurrent Neural Network (RNN): A Recurrent Neural Network (RNN) is an artificial neural network created to identify sequential data patterns, including numerical time series data, text, genomes, handwriting, and spoken phrases. RNN units differ from standard neural networks because they do not process inputs independently. Instead, prior calculations influence RNN units’ output, allowing them to possess a type of memory. RNNs utilize their internal state (memory) to effectively interpret input sequences, making them well-suited for tasks where the context or the sequential order of data is important. Reinforcement Learning: An area of machine learning that focuses on how intelligent agents should take actions to maximize the overall reward they receive in a given environment. Robotics and Automation: The use of robots to automate tasks traditionally done by humans, enhancing efficiency and safety across various industries. This involves physical robots in manufacturing environments and software bots conducting automated digital tasks. Supervised Learning: Machine learning involves training a computer to make predictions or exhibit certain behaviors by providing it with input and evaluating its accuracy through feedback. Transfer Learning: Transfer learning is a research area in machine learning that specifically deals with the retention and application of knowledge acquired from solving one problem to another problem that is closely related. Unsupervised Learning: Unsupervised machine learning is a technique that identifies hidden patterns in a dataset without any predefined labels and with minimal human intervention. Virtual Reality (VR): Virtual reality is a computer-generated experience that can replicate or diverge from reality, commonly employed for entertainment, education, and training objectives. Why it’s important to know these terms Understanding AI terminology is essential for several reasons. For one, it enables individuals across different sectors to communicate more effectively, ensuring that ideas and innovations are shared clearly and comprehensively. For businesses, it aids in making informed decisions about investments in AI technologies and how to implement them. For enthusiasts and professionals, it opens a world of learning and exploration in one of today’s most dynamic fields of study. Moreover, as AI continues to evolve and integrate into our daily lives, grasping its language will become as basic a requirement as being proficient in digital literacy was at the turn of the century. Here is the expert opinion about the future of learning with AI. Conclusion The language of AI is vast and ever-expanding, reflecting the field’s rapid development and its growing impact on society. By familiarizing ourselves with the terms outlined in this glossary, we enhance our understanding of AI and prepare ourselves for a future where AI plays an even more significant role in our lives. Whether for professional development, academic pursuits, or personal interest, diving into the AI glossary is a step toward demystifying the complexities of this transformative technology. Let this be your springboard into the fascinating world of artificial intelligence, where the potential for innovation is limited only by our collective imagination. If you’re interested in learning AI technology, you can pursue online MSc in Data Science from Manipal Academy of Higher Education or online MCA. Please check out the programs on Online Manipal website.
How logistics plays an important role in retail industry The retail sector is dynamic and rapidly changing. The days of only making purchases in person on the high street are long gone. E-commerce has entered the modern era and will contribute enormously to the global economy. These days, it’s not enough for stores to stock their shelves with inventory; to meet customer demand, retailers must also source, locate, pack, and ship hundreds or even thousands of items daily. So, here’s a quick look at why retail and logistics management is so crucial to the retail sector and how it’s enabling innovative forms of shipment. What is retail logistics? Retail logistics refers to the process of planning, implementing, and controlling the flow of goods and materials from suppliers to retail stores, and ultimately to the end consumer. It involves managing the movement and storage of products efficiently and cost-effectively to meet customer demands while maximizing profitability for the retailer. Goods are received in a warehouse, inventoried, orders processed, and then shipped as part of the retail logistics process. Customers now anticipate both quickness and low prices when placing an order. Thus each of these steps must be optimized to suit these needs. Role of logistics in retail management Logistics plays a crucial role in retail management by ensuring that products are efficiently and effectively delivered to customers while minimizing costs and maximizing profitability. Here are some key aspects of how logistics contributes to retail management. Logistics ensures that the supply chain operates smoothly from the procurement of goods from suppliers to the delivery of products to retail stores or directly to customers. Efficient supply chain management helps retailers reduce lead times, lower inventory carrying costs, and respond quickly to changes in demand. Logistics is essential for managing inventory levels across the retail network. By optimizing inventory levels and distribution, retailers can minimize stockouts, reduce excess inventory, and improve inventory turnover rates, leading to increased sales and profitability. Timely and accurate delivery of products is critical for customer satisfaction. Logistics ensures that products are available when and where customers want them, whether it’s in-store or through e-commerce channels. Meeting customer expectations for delivery speed, reliability, and convenience enhances brand loyalty and drives repeat business. Effective logistics management helps retailers control transportation, warehousing, and other operational costs. By optimizing transportation routes, consolidating shipments, and improving warehouse efficiency, retailers can reduce transportation expenses and overall supply chain costs, contributing to improved margins and profitability. Read more: How supply chain helps in FMCG industry Importance of logistics in retail industry Effective logistics management is essential for retail success, enabling retailers to deliver value to customers, drive sales, and maintain a competitive edge in the marketplace. Supply chain management An analogous word that broadens the scope to incorporate supplementary, laterally-applied business methods that reduce waste, speed up product turnover, and boost profitability. Although not the same thing, supply chain management in the retail industry and the basic tenets of business logistics typically go hand in hand. Read more: Role of supply chain management in the retail industry Material sourcing Supply chain management begins with the acquisition and distribution of raw materials or smaller, individual components that will ultimately be constructed into a finished product, setting off product flows in the remainder of the business’s logistics cycle. Transportation Logistics planning, execution, and management, including incoming and outbound transport, shipping mode selection, transit time, and coordination with third-party logistics providers. Product delivery In today’s competitive industry, customers increasingly expect faster turnaround times. Distribution networks and the timely and secure conveyance of commodities to satisfy customer demand rely heavily on logistics. Inventory management Controlling the flow of commodities and items physically stored in various warehouses on a daily basis. In order to accomplish executive-level inventory operations, such as order fulfillment, material handling, and demand forecasting, inventory managers use inventory management systems and order processing software. Cost reduction Excellent logistics will establish trustworthy methods that boost the quality of service provided to customers. Having good ties with suppliers can help expedite deliveries and cut expenses. Data analytics & technology Logistics management increasingly relies on data analytics and technology solutions to optimize operations. Advanced analytics tools help retailers forecast demand more accurately, optimize inventory levels, and identify opportunities for cost savings and process improvements. Technologies such as RFID, GPS tracking, and warehouse management systems (WMS) enable real-time visibility and control over the movement of goods, improving efficiency and responsiveness. The role of logistics in the supply chain When it comes to the safekeeping of goods of all kinds, the importance of logistics in the retail industry cannot be overstated. A logistics firm that moves and stores raw materials or completed items must have sufficient storage facilities for both. The logistics firm’s other job is to ensure the right items are picked up and sent to the right places. The need for more than one terminal to pick up and drop off passengers is possible. Correctly handling goods transit is where a logistics business’s competence shines. A company’s bottom line can benefit from a more thorough analysis of the least expensive modes of transport for each product category. Read more: Supply chain management in e-commerce Explore a career in logistics & supply chain management As the need for supply chain management services continues to grow, the demand for Logistics Managers is expected to rise. Each year, there are more and more additions to the number of businesses that manufacture things. So, the demand for Logistics Management will continue to rise. It’s a safe bet to say that this field will be in demand in the years to come. If you wish to pursue a career in logistics, then Manipal Academy of Higher Education’s (MAHE) PGCP in Logistics & Supply Chain Management is the right choice for you. You can access this professional certification course on the Online Manipal website. If you wish to start your own business in this domain or move to leadership positions from your current role, then you can consider pursuing an online MBA in Supply Chain Management from Manipal University Jaipur. Conclusion With technology’s pervasiveness and expanding supremacy, retail logistics is a competitive field full of opportunities. One must always remain one step ahead of the competition in order to survive in this fast-paced and frequently volatile industry. The only rational course of action for retail companies is to give careful thought to delivery and logistics in advance of any seismic changes in the industry.
How does BCA help IT professionals with diplomas? A Bachelor of Computer Applications (BCA) offers a valuable pathway for IT professionals with diplomas, providing a comprehensive academic foundation in computer science and applications. This program bridges the gap between practical experience gained through diplomas and theoretical knowledge essential for career advancement. BCA covers programming languages, software development, database management, and system analysis, refining skills crucial in the IT industry. With a broader understanding of computer applications and technology, BCA graduates with prior diplomas acquire a competitive edge, positioning themselves for diverse roles and leadership opportunities in the ever-evolving field of information technology. Can I do BCA after doing a diploma in IT? Pursuing a Bachelor of Computer Applications (BCA) after a diploma in IT is a seamless transition. Your prior diploma provides a strong foundation in practical skills, and a BCA further enriches your knowledge with theoretical insights into programming, software development, and system analysis. This combination of hands-on experience and formal education enhances your qualifications, making you well-equipped for a variety of roles in the dynamic field of information technology. The BCA program offers a comprehensive pathway to furthering your expertise and advancing your career in IT. Check out: BCA course details: Syllabus, job & salary Can working professionals pursue BCA without quitting their job? A professional degree has tremendous importance for career advancement. Candidates who want to pursue a full-time, high earning IT job must consider enrolling in a suitable graduate degree program to increase their employment prospects. But what happens if you already have experience in computer-related fields and are working? You won’t have to leave your current workplace if you opt to complete your BCA course online. Take it into consideration as a career investment to advance your career. You can easily complete your online learning BCA program by committing to consistent self-study time and prompt assignment submissions. When you apply for a job, having a degree adds value and credibility to your resume, increasing the likelihood that recruiters will choose you for the role. It demonstrates your dedication to earning professional degrees. Flexibility is the greatest attribute of online programs. Online courses can still assist you whether you are currently employed or unable to attend campus classes. Additionally, they are relatively inexpensive because you save money on travel and physical study materials. You can also complete the course from the convenience of your home or office. An online BCA is a requirement for IT candidates seeking advancement in their professional careers. Even if you intend to switch careers, you should enroll in this course to obtain the necessary training and credentials required by the IT industry. Check out: Role of BCA graduates in a startup Benefits of doing BCA after diploma Upskilling is required to advance in your career. Everyone needs to cope with emerging technologies in their vocational path, from tech experts to top executives. You get to work with the most recent technology, which is a massive benefit of taking up a BCA degree. The degree will encourage you to take action on your own. If you have good technical skills, you might be able to create your website, app, or even a piece of software. Numerous opportunities will become available to you as an outcome. In the sector of IT or computer applications, you can launch your own company and establish a reputation for yourself. You will be able to pursue a career in any industry as a BCA degree holder. The best part is that you will have access to various employment opportunities in diverse fields. Following are some of the benefits of doing a BCA after a diploma in computer science: 1. Advanced skill set Practical knowledge driven by a solid theoretical base works best. Even if you have years of experience, earning a bachelor’s degree will still be beneficial to you because it enhances your IT abilities and opens doors to top employers. There may be more educated individuals, but the combination of your prior experience and newly gained abilities will offer you the distinctive character that employers seek. 2.Greater potential for promotion Everyone aspires to have better salaries. Your prospects of getting promoted in your current position can be improved by pursuing an online bachelor’s degree in computer applications. You will get timely promotions if you are adequately qualified for the industry. This course also enhances your chances there if you want to get a higher position at another job. 3. Increased compensation and benefits BCA degree holders earn substantial compensation due to the field’s rapid technical improvement and evolving trends. This qualification opens all avenues to the best technological advancement with the finest salaries and perks. Promotions are simple to obtain based on one’s abilities and productivity. 4.New-age perspective BCA instructional strategies make use of the most recent technologies and place a huge focus on developing the student’s skill sets and personalities. Additionally, the BCA curriculum is created with the quickening pace of technological advancement in mind. The necessary fundamental foundation is provided to aspiring computer application specialists for them to have a chance of thriving in the field. A solid academic foundation is necessary before anything else if one wants to keep ahead in the fiercely competitive economy. 5. Greater employment possibilities Both education and the job market are highly competitive today. Once you earn your bachelor’s degree in computer application, you have an advantage over other job seekers, and the employment market becomes wider with less competition. You should think about enrolling in this course if you intend to progress in the future by specializing in computer applications. You can get better jobs with higher pay after you finish this course. Also read: What to expect after completing an online BCA degree Progress in your IT career with a BCA degree Elevate your IT career by pursuing a Bachelor of Computer Applications (BCA) degree, a strategic move that enhances your expertise and employability. A BCA equips you with advanced knowledge in programming, software development, and system analysis, complementing the practical skills gained through your professional experience. This comprehensive education opens doors to diverse roles, from software engineering to IT consulting. It not only hones your technical proficiency but also cultivates problem-solving and analytical capabilities crucial for leadership positions. A BCA degree serves as a catalyst for career progression, empowering you to navigate the dynamic landscape of information technology with confidence and competence. An overview of BCA The BCA (Bachelor of Computer Application) program is a three-year, full-time program. It offers the knowledge and skills one needs to pursue productive careers in the quickly developing information technology sector. The disciplines that are taught to learners have a direct connection to the technology applications required in the modern workplace. Additionally, one learns programming languages like Java, C, HTML, SQL, and others. Along with information on numerous computer applications, the most recent developments in IT and communication systems are also provided. BCA Subjects Six semesters make up the three years of the BCA undergraduate program. According to the BCA first semester syllabus, students have to study all required and core course topics. They can select electives for the BCA third-semester curriculum to add variety and flexibility to their course. The fifth semester of the BCA curriculum continues to advance, and students will be able to complete projects or research-based assignments to grasp the material better. Student specialization and in-depth subject knowledge are made possible by the electives. Know if you’re eligible to pursue a BCA Candidates for the BCA course must have completed their 10+2 in the science stream with mathematics and computer science as compulsory subjects from a recognized board. Depending on the university admission criteria, some universities admit commerce and art students as well who have studied mathematics and computer science. Other basic qualifications to enroll in a BCA program are: Candidates must have earned between 45 to 55 per cent overall in Class 12 and their diploma program (the pass percentage might vary from college to college). While some schools and universities admit applicants based solely on merit, other institutions admit students after conducting interviews and written tests. You may be interested to know more about qualification for BCA. Online BCA or Offline BCA: What to choose? The core of the BCA education system is acquainting students with the world of computer applications. The BCA program can be pursued by students full-time, part-time, or through online courses. Because of this, some students can enroll in the course even if they are working or enrolled in multiple courses. The BCA program comes in the following variations: Full-time BCA A standard BCA course, known as a full-time BCA, requires students to take classes on campus. Students who enroll in the full-time BCA program will have on-campus access to all the lessons and course material as well as be required to take their semester exams there. Part-time BCA There is a part-time BCA program for students who can’t commit to full-time study. The part-time BCA course lasts a similar amount of time as the full-time BCA program. However, students can only attend a certain number of on-campus or online classes depending on their schedules. Online BCA Online degrees are intended for working professionals or otherwise employed individuals who cannot enroll in on-campus BCA programs. With the aid of these courses, working individuals can advance in their professions, find better jobs, and, if they want, change to a better working environment. Online courses offer numerous benefits like self-study, flexibility in terms of studying from anywhere, taking up classes according to your convenience and schedule, and saving transportation costs. Due to the numerous benefits these online courses offer, more and more working people are enrolling in them. Thus, online BCA courses are more convenient and affordable. Helpful article: 10 reasons you should enroll for an online BCA degree course Career options after BCA The need for BCA graduates is constantly rising along with the rapid expansion in the IT sector. Both public and private sector employers have openings for BCA graduates. Private Companies Individuals can easily find a rewarding career after BCA in top IT firms like Oracle, IBM, Infosys, and Wipro after completing their course. After completing the BCA program, one can work as a system engineer, software tester, junior programmer, web developer, system administrator, and software developer in various private companies. Government Sector Additionally, public sector organizations also offer excellent employment chances for BCA graduates. Government agencies, including the Indian Air Force (IAF), Indian Army, and Indian Navy, employ a sizable number of computer specialists for their IT departments. Following completion of your BCA, you may search for employment in the following sectors: Tech consultancies Bank and investment firms Financial institutions Government institutions Software development companies Security companies Network management companies BPOs Website / web app designing and development agencies Game designing firms Graphic design agencies Job opportunities after BCA There are numerous work opportunities for BCA pursuers. BCA graduates have access to a wide range of highly sought-after IT-based positions. The job opportunities that a BCA graduate can consider are listed below. Web Developer: Candidates for this position will work as technicians building and managing websites. As they may use their understanding of JavaScript, HTML, and PHP in their projects, it is the top career after BCA. Software Developer Trainee: A software development trainee has excellent career potential despite being an entry-level position. As they gain experience in training, software developers will be able to design and manage software programs. It is among the greatest ways to gain practical knowledge of programming languages. Software Tester: A software tester is responsible for devising and putting software test procedures into place to ensure the software is operating as intended. Additionally, they gather customer feedback and adjust their methods accordingly. Network Administrator: The hardware and software components of a computer are at the center of a network administrator’s responsibilities. They mostly set up new upgrades for both old and new networks, find problems and fix them, and provide solutions for any issues that can impair the computer network’s functionality. You may also like to read about job roles after BCA that do not require programming skills. Web Designer: A web designer uses coding to organize, develop, and maintain internet websites. Their work involves fusing words with music, pictures, and video to create a website that is appealing to viewers and easy for visitors to browse. The task is never-ending because they can build new websites from scratch or upgrade ones that currently exist. Computer Programmer: A computer programmer creates, tweaks, and evaluates codes that affect how well computer programs or applications work. They work together with programmers to translate their designs into directions that a computer can then execute. System Analyst: A system analyst is in charge of creating new computer systems and frameworks, diagnosing technical issues, organizing risk-reduction strategies, and guaranteeing the consistency of system performance. They serve largely as the interface between an organization’s management and IT divisions. System Engineer: A system engineer’s duties comprise controlling a system’s management, business, and engineering components. They identify and fix issues inside a system, frequently create new ones, and even upgrade the hardware. Check out: Importance of BCA degree in today’s digital world Higher studies after BCA Graduates of the BCA program have a variety of alternatives accessible to them. If students want to expand their professional development and job possibilities, they can also choose to pursue higher education. Take a master’s program You can improve in your field by gaining specialized knowledge with the aid of a master’s degree. After earning their BCA, graduates could undertake a Master of Computer Application (MCA) degree to advance their knowledge of cutting-edge technologies or to engage in more in-depth research. The importance of education and experience in recruiting is undeniable. However, some businesses only hire people with master’s degrees. A master’s degree can help you advance by preparing you for managerial responsibilities in various IT organizations. Enroll in an MBA program The most sought-after program after a BCA is an MBA since it equips you with the skills necessary to work in management and hold managerial and executive positions in IT companies. The target audience for this course are IT professionals looking to advance to management and leadership roles in IT companies. After obtaining a BCA, those with a managerial orientation can pursue an MBA. Certification courses following a BCA A strong understanding of programming languages is the most crucial qualification for any BCA graduate. Therefore, after earning a BCA, choosing certificate programs in programming languages can be great. Developing a thorough understanding of the programming languages will be beneficial. Additionally, it will strengthen your portfolio. An employer will favor applicants who are experts in a certain programming language when they seek a position. Following a BCA, some well-liked career-focused certification programs are given below: Python Certification Java Certification Certification in PHP Database Support Certification Course Certificate in ASP.NET with C# Computer Graphics Certification Also read: Best MBA specializations for BCA graduates Pursue your online BCA degree from Manipal University Jaipur while still working If you want to master top coding skills from experienced industry professionals and improve your career chances, opt for an online BCA course at Manipal University Jaipur, a NAAC A+ certified university that offers a thorough online learning experience. The online BCA program is designed to produce tomorrow’s visionaries by fusing the most recent advancements in computer technology with an eye on logic and creativity in addition to the shifting norms of the industry. With a 36-month duration, the BCA program at Manipal University Jaipur facilitates you to study at your own pace, participate in live or recorded classes, access tutorials online, take quizzes, interact with professors and classmates on discussion boards, and conveniently take online exams from your home on your laptop, or desktop. Also, this course contains the Google Cloud Computing Foundations curriculum, which will provide you with an overview of the breadth of cloud technology through ideas, practical labs, exams, and a capstone project on subjects including cloud infrastructure and application development. Check out: How Google Cloud Computations Foundations helps the career of BCA students? Conclusion The technological world is fascinating because new heights are reached and explored every day. Currently, in-demand jobs could become obsolete in a few years. Thus, it is always important to innovate and stay on top of developments. It’s fair to conclude that BCA is a solid major for future careers, given the trend of people moving toward a computer-centric society. Hope this article has cleared your query regarding the question, “Can I take BCA after diploma?” The justifications provided above demonstrate how vital a BCA degree is for a distinguished career in the technical field. It offers more technical skills and knowledge than any other computer degree, so if you are truly passionate about the world of coding and programming, you should choose it. To meet technical standards, you may enroll in an online BCA course from a reputed institute, such as Manipal University Jaipur, that provides hands-on experience and instruction in theoretical concepts.
The role of Business Analytics in decision making Business analytics is the application of data and statistical techniques to gain insights and guide business choices. It involves examining many forms of company data, including sales, customer, financial, and operational data, in order to uncover patterns and trends that may be leveraged to improve business outcomes. Insights are extracted from the data using techniques like data mining, predictive modelling, and data visualization. Customer analytics, operational analytics, and financial analytics are areas where business analytics helps to optimize business performance, reduce expenses, and boost revenue. You may also like top industries to work in as a business analytics. Ways in which business analytics affects decision-making in companies. Here are few of the most significant ways in which business analytics can influence a company’s decision-making: • Forecasting and Prediction: Business analytics may assist organizations with forecasting future outcomes and making predictions based on historical data. This may involve estimating future sales, finding growth opportunities, and anticipating future market trends. • Customer Analytics: By studying customer data, businesses may better comprehend the demands, behaviors, and preferences of their customers. This data can be utilized to enhance consumer engagement and loyalty, optimize marketing campaigns, and find new revenue streams. • Operational Analytics: Business analytics can be utilized to examine operational data and find process optimization and efficiency enhancement opportunities. This can assist firms in reducing expenses, enhancing quality, and increasing output. • Financial Analytics: Business analytics can assist organizations in analyzing financial data in order to discover potential risk and opportunity areas. This may involve examining financial performance measures, projecting income and expenses, and identifying cost-cutting opportunities. • Competitive Intelligence: Business analytics may assist organizations to gain insights into the strategies, strengths, and weaknesses of their competitors. This data can be utilised to guide corporate decisions and generate competitive and effective strategies. Who can benefit from Business Analytics? The impact of analytics on the decision-making process is not confined to a functional scope, but also extends to a hierarchical one. At the strategic level, business analytics can assist executives and senior managers in making decisions regarding long-term planning, creating goals and objectives, and deciding the future path of the organization. And at the tactical level, Business analytics can provide insights into sales data, production data, and supply chain data, facilitating tactical decision-making. At the operational level, business analytics can assist front-line managers and staff in making operational choices. It can provide insights into consumer interactions, inventory levels, and product quality, aiding operational decision-making. What are the challenges of Business Analytics? The grass is not greener on the other side of the fence as it seems to be. Bad data quality, for instance, can severely affect the precision of business analytics outputs. For effective analysis, data must be precise, exhaustive, and up to date. Numerous firms struggle to attract and keep employees with data science, statistics, and machine learning expertise, resulting in a dearth of skilled personnel to undertake data analytics. While an organization’s study may contain sensitive data, data security is an additional concern. Cost is also another factor. Developing and maintaining tools and infrastructure for business analytics can be expensive for firms, especially smaller ones. Using data-driven decision-making could pose cultural or organizational obstacles in some nations. Also read business analytics in innovation & growth. Despite the obstacles, Business Analytics cannot be disregarded. If adopted within a business, it would enhance decision-making. It Assists firms in detecting inefficiencies and vulnerabilities, improve efficiency, which can lead to a competitive advantage. In addition to assisting with risk management, analytics provides a decision-making handhold. Many departments of an organization, such as marketing, finance, and human resources, employ business analytics to support their decision-making. For instance, business analytics can provide insights into customer behaviour that can affect marketing tactics or information into workforce performance that can influence human resource decisions. Is a career in business analytics lucrative? The future of business analytics students is very promising. It is anticipated that the need for qualified business analytics specialists would continue to rise. Business analytics can be utilized in several areas, such as healthcare, banking, retail, and technology. This implies that students with a foundation in business analytics can choose to pursue a career in various industries. Students who focus on business analytics have access to a variety of job opportunities, including positions in data analysis, data visualization, business intelligence, data mining, and predictive modelling. This allows them to select a career path that fits their interests and abilities. Business analysts are usually well compensated. Due to the great demand for qualified business analytics specialists, earnings in this industry are high. There are prospects for growth and progress as students gain expertise in the field of business analytics. This may involve transitioning into administrative or leadership positions, or concentrating on a specific area of business analytics. An online MBA in Analytics and Data Science from the prestigious Manipal University Jaipur (MUJ) is one of the most sought-after degree programs as it provides an in-depth understanding of analytics and data science concepts, which are among the most preferred areas of expertise companies are looking for in candidates. Conclusion In general, business analytics plays a crucial part in the decision-making process of modern businesses. By employing data and analytics technologies, organizations can acquire better insights into their operations, customers, and competitive landscape, find new possibilities and make better-informed, data-driven decisions that can propel their growth and success. Also read about job roles to explore after MBA in Business Analytics.
Career in Journalism: How an online MA is an ideal option In a world consumed by information, it is difficult, rather impossible, to escape the news media. While traditional forms of media, such as newspapers, radio, and TV, have existed for ages, the landscape has rapidly shifted with the emergence of digital media platforms. News is now available at the tip of our index finger. With this rapid boom in the media industry comes a high surge in demand for journalism graduates — students who have what it takes to deliver information promptly, accurately, responsibly, and ethically. Giving a boost to a lucrative career in Journalism is a Master’s degree in Arts (MA). This blog explores the pathways that an MA opens for Journalism career aspirants and the benefits of pursuing an online MA at Sikkim Manipal University on the Online Manipal platform. Is Journalism a good career option? Absolutely! With the rapid emergence and boom of the digital media industry around us, job prospects for aspiring journalists are definitely on the rise. There are various job opportunities in media today – print and online alike – and the demand for skilled journalists is never exhausting. There is always a need for people with the right sense of news and the ability to express thoughts and ideas in the best possible way to the world at large. As for graduates in Journalism, money is not a constraint for the right candidate who has the potential to articulate and communicate ideas to their audience. Advantages of pursuing an MA for a Journalism career Now that you are seriously thinking about pursuing a career in Journalism, it is helpful to know that the first step on this journey is pursuing a Master in Arts course. Online MA programs for aspiring journalists are the perfect choice for a promising career ahead. More specifically, choosing English as a specialization for MA courses at the postgraduate level can go a long way in designing a successful career path in the field of Journalism. Here’s how: Provides the right foundation for effective communication: If you are serious about a career in journalism, the very prerequisite is effective communication skills – oral and written. MA English courses provide just the right framework for a solid career in writing, reporting, or editing in the domain of Journalism. Opens up multiple career pathways: A Master’s degree is your key to career advancement. With an MA in English, you can apply for diverse job roles in the media industry, not just as a journalist, but in public relations, advertising, corporate communications, or copywriting. Helps boost your earning potential: You may be doing well in your career as a journalist, but with a Master’s qualification, you can easily expect a decent hike in pay scales. With an MA in English on your CV, you are likely to secure good salaries and professional growth opportunities in your work arena. Skills required for a Journalist Let us now take a quick look at the top 5 desirable skills for journalism aspirants: Ability to do thorough research and keen attention to detail Effective oral and written communication Strong writing abilities with a particular knack for storytelling Logical reasoning Critical analysis and problem-solving It is worth mentioning here that these are the same skills and knowledge gained through online MA courses offered by Sikkim Manipal University on the Online Manipal portal. This explains the relevance of pursuing an online MA for Journalism aspirants. Different Journalist roles After completing an online MA course, you can consider a variety of lucrative career roles in journalism. The table below lists a few of them and their corresponding salaries for your reference. Expected job roleAvg annual salary (approx)Freelance JournalistINR 11,36,882 per annumEditorINR 6,15,000 per annumPhoto JournalistINR 5,50,000 per annumNews AnchorINR 4,86,472 per annumReporterINR 4,20,800 per annum Journalist salary in India As per the table above, the average annual salaries of professionals in the field of Journalism may vary from one role to another. However, for a general idea, it may be stated that the general range of pay for the role of a journalist in India is estimated at INR 6,70,572 per annum. This is an average estimate for reference purposes only and is likely to vary according to several factors, including location, qualification, and experience. How an MA in English can help explore a career in Journalism As mentioned in the blog earlier, an MA in English can be a very good subject choice for careers in Journalism. This is because the curriculum taught in MA English courses is directly relevant to the key skills desired in a journalistic role. Moreover, plenty of career opportunities and pathways will likely open up in Journalism with an online MA course. A few examples have already been shared in this blog. The competencies that MA English courses help develop in students are perfect for pursuing a career as a writer, editor, or reporter in the field of Journalism. Additionally, a Master’s degree grants advanced knowledge and specialization in the domain, along with boosting chances at better jobs and higher pay scales. Conclusion A career in Journalism can be the perfect choice for several students with a keen passion for expressing themselves through words. Adding an excellent touch of expertise to this is a Master’s in Arts in English, which provides specialized skills in written and oral communication, thereby helping graduates to easily follow their dream jobs in the journalism arena. Sikkim Manipal University offers online MA in English courses on the Online Manipal portal. Students can pursue the course online at a time and place comfortable for them and look forward to rewarding careers in Journalism upon course completion.
Marketing jobs after a BA degree An online Bachelor of Arts (BA) degree can be your launchpad to propel you into a dynamic world of marketing. The journey from a BA to a marketing career involves more than just crossing a graduation threshold. It involves harnessing a diverse set of transferable skills and a keen understanding of the evolving business scenario. With an online BA degree from a top-class university, an individual can kickstart a flourishing career in marketing. This three-year undergraduate course helps BA graduates demonstrate their creativity and compelling marketing skills through communication, critical thinking, research, and analytical skills across various job roles in the marketing sector. Want to learn more about the best marketing career opportunities for BA graduates in today’s business landscape? Then, read this article, where we will acquaint you with the best marketing career options for online BA graduates. Understanding marketing: Skills & knowledge required An online Bachelor of Arts (BA) degree acts as a comprehensive training ground for skills crucial in the fast-paced world of marketing. Students take part in various discussions, do presentations, and network with others globally. All these help them make a mark for themselves in bright career paths in the marketing industry. Listed below are the key skills and qualifications for marketing jobs that can make an online BA graduate the best candidate for a variety of job roles: Written and verbal communication skills: A Bachelor of Arts graduate possesses excellent written and verbal communication skills. These skills help craft compelling messages to attract the target audience during marketing campaigns and strategies. Great proficiency for research: Throughout the BA course, students are required to conduct research on various topics. This makes them skilled enough to analyze market trends and competitive landscapes and show their worth in the marketing sector. Critical thinking skills: Students are instilled with critical thinking abilities during the online BA degree program from Sikkim Manipal University via the Online Manipal platform. Their ability to think critically makes them apt for undergoing strategic decision-making required in several marketing jobs. Interdisciplinary knowledge: Since BA education is often a mixed frame of various disciplines, it fosters an individual’s holistic understanding of society, literature, culture, and business. Based on this interdisciplinary knowledge, a BA graduate can easily become part of top-notch marketing careers. Problem-solving capability: BA graduates also become skilled in solving problems in their day-to-day lives, and this ability makes them ready to dig deep into the marketing world. With a problem-solving mindset, they can address challenges in campaign performance and respond to consumer preferences. Marketing jobs after BA An online BA course from Sikkim Manipal University (SMU) can be your stepping stone for great networking and career growth in marketing. This popular UG course equips students with a strong foundation in vivid aspects of marketing. Moreover, during an online BA course, individuals can refine their research, analytical, and communication skills, the three basic skill sets that are always in demand in all in-demand marketing positions. Feel free to check out the table given below that describes the key roles and responsibilities in entry-level marketing positions for a BA graduate: Job RolesJob DescriptionApproximate Salary (per annum)Digital Marketing SpecialistResponsible for implementing and optimizing digital marketing campaigns such as online advertising, email marketing, and SEO to boost the online presenceINR 7.5 lakhs per annumEvent ManagerResponsible for planning and executing events, promotional activities, and trade shows to enhance the overall band visibilityINR 7 lakhs per annumContent WriterResponsible for creating engaging and informative content for marketing collateral, blogs, and social media to attract the target audiencesINR 6.7 lakhs per annumMarket Research AnalystResponsible for collecting and analyzing data to provide insights into the latest market trends and consumer behaviorINR 4 lakhs per annumSocial Media CoordinatorResponsible for managing and curating content across popular social media platforms to engage with the target audienceINR 3.2 lakhs per annum Pursue an online BA from Sikkim Manipal University Choosing an online BA course from Sikkim Manipal University using the Online Manipal platform is both convenient and flexible in today’s fast-paced world. This online mode of education is at par with the traditional campus way, and the degree earned from the university is UGC-entitled and recognized globally owing to its prestigious Manipal tag. Moreover, when you choose Sikkim Manipal for an online BA program, you get access to a wealth of digital resources, databases, and online libraries to keep yourself well-informed about the latest trends in the marketing sector. SMU is known for its industry-connected faculty and interactive learning tools like the Learning Management System (LMS), which help students become digitally literate. This further helps them stay aligned with the industry’s increasing reliance on digital channels. Not to forget, Sikkim Manipal University offers an affordable fee structure at no-cost EMI mode, and deserving students also stand a chance to get attractive scholarships to pursue this online degree program. Conclusion We assume you are now aware of salaries and benefits in marketing careers after taking an online BA degree course. However, when we say a BA degree helps lay the foundation for a bright career in marketing, we encourage you to pursue it from a reputed institution like Sikkim Manipal University (SMU) via the Online Manipal platform. Counted as the top-most university in North East India, SMU offers an online BA degree program, which is a combination of three main subjects: English, Political Science, and Sociology. Enroll in SMU’s online BA course and become part of the glorious Manipal alumni and open a gateway of marketing opportunities with 100% placement assistance provided by the expert faculty of the university.
MCom vs MBA: What to choose after your graduation? Completing a bachelor’s degree in commerce, economics, or business studies is a significant milestone in a student’s life. However, pursuing a master’s degree only adds more value and promises a great career path. For those who want to pursue a master’s degree in the field of commerce or business, the two greatest alternatives that will open doors to a successful career are an MCom and an MBA. So, how do we make sense as to which one is the best option for us? We have tried to pick up the major aspects of both the courses and present a holistic view. Read more: Top online master’s degrees in 2024 What is MCom? MCom (Master of Commerce): MCom is a postgraduate academic degree that focuses on advanced studies in commerce, economics, and finance. It offers specialized knowledge in areas such as accounting, business law, and corporate governance. MCom programs often include research components and are suitable for those aspiring to roles like accountants, auditors, and financial analysts. Get to know more details about M.Com. What is an MBA? MBA (Master of Business Administration): MBA is a postgraduate degree emphasizing diverse aspects of business and management. It equips students with strategic thinking, leadership skills, and a holistic understanding of marketing, finance, human resources, and operations. MBA graduates pursue roles in leadership and management across various industries. Here are the MBA course details. MCom vs MBA: An overview Aspect MBA MCom Level of degree Master’s Master’s Duration 1-2 years (varies by program) 2 years Fee range INR 1,00,000 – 20,00,000 INR 30,000 – 2,00,000 Eligibility Bachelor’s degree + Entrance Exam (CAT, MAT, etc.) Bachelor’s degree in commerce or related field Who should pursue it Aspiring managers, entrepreneurs, career switchers Those interested in advanced studies in commerce, finance, and related fields Key subjects Marketing Management, Financial Accounting, Operations Management, Strategic Management, Human Resource Management Accounting, Economics, Business Law, Banking, Corporate Governance Skills gained Leadership, strategic thinking, decision-making, communication, financial management & analytical skills Specialized knowledge in accounting, financial management, and commerce-related skills Top jobs available CEO, CFO, Marketing Manager, Operations Manager, Business Analyst Accountant, Auditor, Financial Analyst, Tax Consultant, Banking Professional Top hiring companies Tata Consultancy Services, Accenture, Infosys, ICICI Bank, Amazon, IBM Ernst & Young, Deloitte, PricewaterhouseCoopers, KPMG, HDFC Bank, Reliance Industries Modes of learning available Full-time, part-time, online, distance, executive MBA Full-time, part-time, online, distance Learning Also read: BBA or BCom: What to do after 12? Reasons to pursue: MCom Vs MBA M.Com and MBA are recognized among the most prestigious postgraduate programs in India and worldwide. Whether you want to explore a career in finance, or jump to marketing or entrepreneurship, you can choose between an MCom or MBA degree based on your interests and skill sets. Top reasons to pursue an M.Com degree Here’s why you should consider pursuing an M.Com degree: Massive scope for employment M.Com is a specialized master’s degree that helps learners explore high paying careers in corporate.. Aspirants for the business sector benefit from specializing in commerce courses. The number of opportunities available after completing an M.Com degree is growing. M.Com degree holders have ample scope for jobs in the following sectors: Education Customs Department Economic Consulting Firms Commercial Banking International Banking Investment Banking Accounting and auditing Tax advisory services Financial services Insurance services Government services E-commerce sector Law firms You may like to know more about jobs after M.Com Better career advancement Earning an M.Com degree demonstrates perseverance, tenacity, intellectual power, and the capacity to deal with difficult situations, all of which are desirable attributes for managers and directors. Employees who have exhibited long-term success in a position that needs tenacity, discipline, leadership, and the ability to work effectively with others will be in line for advancement within their company. Higher salary Many commerce graduates receive substantial salaries, with packages varying from department to department, due to which there are a wide range of job profiles and career sectors to pursue. Candidates with a few years of experience can be eligible for a high-paying position. Salaries are determined by the nature of the company and the type of job role that a student chooses as a career path. Find out more reasons to pursue an M.Com degree. Top reasons to pursue an MBA degree Everyone will have different reasons to pursue an MBA program. Here’s why you should consider pursuing an MBA degree: Wide range of specializations MBA programs include a wide range of specializations from human resources, marketing, finance, data science, healthcare management, business analytics, and more. If you have a B.Com degree and want to pursue an MBA, you can pick fields depending on your interests, core competencies, and career possibilities. An MBA is a professional degree that prepares you for the actual world of business and provides you with hands-on management experience even before you start climbing the corporate ladder. Developing a holistic personality and managerial perspective Pursuing an MBA helps establish and expand your managerial skills. Professionals who are outstanding managers are in high demand in the business sector. Managers can demonstrate that they are not just capable of handling critical duties, but that they are also capable leaders. Domain knowledge is always advantageous, but understanding how to manage a team and a project to reach certain goals is the need of the hour. Career growth with a practical learning approach The days of theoretical knowledge being sufficient for employment are gone. Companies now want experts with hands-on experience or some practical knowledge in their domain. You will be able to polish your understanding of business and management with a practical approach if you pursue an MBA after completing your B.Com or BBA. Experiential learning is the foundation of an MBA degree. Internships, live projects, industry visits, and case studies help you understand the business world. Entrepreneurial opportunities An MBA degree is a great option for individuals who are aspiring entrepreneurs. An MBA degree helps individuals understand how to manage people & organizations, gives insights into various aspects of business Career opportunities: MBA vs MCom It is important to evaluate the career options that you can explore after an MCom and MBA degree. Both degrees offer a plethora of career opportunities for a bright future. Choose the one that you think is the right fit for you. Career options after MCom Here are some top career opportunities after an MCom degree: CA (Chartered Accountant) After M.Com, Chartered Accountancy, or CA has proven to be one of the most popular career options due to its high value and pay scale. You can take a test as soon as you graduate from high school, but it requires serious study. To practice professionally, you must complete a 2.5-year internship after passing the three stages of CPT, IPCC and CA Finals. ACCA If you want to work in accounting or finance, the Association of Chartered Certified Accountants (ACCA) offers a course qualification. Multinational firms place a great emphasis on the two-year program. However, you must complete three years of practical experience before becoming an official ACCA member. Graduates of this program are incredibly popular with multinational corporations. Find out the ACCA subjects covered in a BCom course. Company Secretaryship If you are concerned about what to do after your M.Com, a career as a Company Secretary (CS) would be most suitable for you. A Company Secretary (CS) is responsible for ensuring that public and private sector enterprises comply with legal and regulatory obligations. Foundation, Executive, and Professional are the three tiers of the CS course. Candidates must additionally complete 15 months of practical training before becoming an Associate CS and receiving an ICSI membership. Chief Financial Officer (CFO) A Chief Financial officer is a financial expert in the management department of the company’s financial health. The CFO’s roles include building a top-tier finance and accounting team, ensuring balanced incomes and expenditures, monitoring FP&A operations, offering suggestions on mergers and acquisitions, acquiring financial assistance, craft budgets, attesting to the high precision of reports, and consulting with CEO on strategies. Chief Financial Analyst (CFA) After M.Com, CFA is one of the finest professional qualifications in finance, making it one of the best career options. .. Once you have completed the three tiers of the CFA program, you will be able to work for some of the world’s most prestigious financial firms. Career options after MBA Here are some career options after an MBA degree: Product manager A product manager’s job includes handling and developing new goods for an organization or firm. As a product manager, you will be responsible for developing commercial strategies and overseeing the functional educational needs required to produce a physical or virtual product. Product managers give the in-depth product knowledge required to lead a company and make strategic product choices. The average salary of a Product Manager in India is INR 21 LPA. Investment banker An investment banker is responsible for big, complex financial transactions, such as organizing an acquisition, merger, or sale for a customer or group of clients. Investment bankers also advertise the risk of investing money in a future project and are heavily involved in raising funds through the issuance of securities. The average salary of an Investment Banker in India is INR 18 LPA. Business analyst A business analyst is a person who analyzes and comprehends the demands of a business area or organization to offer technology solutions that are cost-effective and include computer procedures. Furthermore, they manage a project’s or an organization’s requirements and communicate them to stakeholders, facilitators, and possible partners. It is yet another excellent profession available after MBA. The average salary of a Business Analyst in India is INR 9.6 LPA. Marketing manager Marketing managers are creative professionals who are responsible for the company’s recall and reputation in the market. Print or video commercials, public speaking engagements, endorsements, and printed material are all possible pictures. The average salary of a Marketing Manager in India is INR 13 LPA. Entrepreneur MBA is a great platform for you to enter the world of entrepreneurship. You will learn various skills with respect to innovation, strategy, and finance, which will prepare you to run your own business after graduation. You’ll also gain flexibility, which will allow you to transition from a full-time job to starting your own business. Here are the top career options for MBA graduates. MCom or MBA: Which is best for you? The choice between pursuing an MCom (Master of Commerce) or an MBA (Master of Business Administration) depends on various factors, including your career goals, interests, and the skills you want to acquire. Here are some considerations to help you decide which is best for you: Choose MCom if: Interest in commerce: If you have a strong interest in subjects like accounting, finance, economics, and business law, MCom might be a better fit. MCom programs provide in-depth knowledge in these areas. Specialized knowledge: MCom is more specialized in commerce-related fields. If you want to become an expert in accounting, taxation, or financial management, MCom offers a focused curriculum in these areas. Professional qualification: MCom is a suitable choice if you are aiming for professional qualifications such as Chartered Accountant (CA), Cost and Management Accountant (CMA), or Company Secretary (CS). Academic pursuits: If you enjoy academic research and want to explore theoretical aspects of commerce, MCom programs often involve a research component. Choose MBA if: Broad business perspective: If you are interested in a broader understanding of business and management, an MBA is designed to provide a holistic view of various business functions, including marketing, finance, human resources, and operations. Leadership aspirations: If you aspire to leadership roles such as CEO, CFO, or senior management positions, an MBA can equip you with strategic thinking, decision-making, and leadership skills. Entrepreneurial goals: If you plan to start your own business or work in entrepreneurship, an MBA can provide you with the skills and knowledge needed for business planning, innovation, and entrepreneurship. Networking opportunities: MBA programs often offer extensive networking opportunities with industry professionals, alumni, and fellow students. If networking is crucial for your career, an MBA can provide a valuable network. Career flexibility: MBA graduates often have greater career flexibility, with opportunities in diverse industries. If you are uncertain about a specific career path, an MBA can open doors to various roles. These signs will tell you if an online MBA is suited for you or not. Conclusion Both MCom and MBA are highly recognized post graduate degrees that provide promising job prospects in respective fields. Based on your interests, past experiences and future career prospects, choose a degree that’s the right fit for you. If you’re looking to pursue an online master’s degree, then the online courses MCom and MBA programs offered through Online Manipal are the right choice, as it provides a hassle-free and flexible experience. If you’re a working professional looking to pursue an online MBA, then Manipal Academy of Higher Education’s (MAHE) online MBA program will help you find a great career.
Everything you need to know: AI Engineer vs Data Scientist The technology sphere, which is constantly changing, has brought forth two new and vigorous domains of study: artificial intelligence (AI) and data science. Due to the rapid development of AI and data-driven intelligence, the number of jobs required in the domains is rapidly growing, too. AI engineering includes designing, testing, and maintaining operating artificial intelligence systems. In contrast, data science is a cross-disciplinary field that stems from an understanding of insights from the provided data. The rapid digitalization of business and the advent of a large volume of data show that the skills needed to create artificial intelligence systems and extract value from data are in high demand. But what is the difference between the two fields? Let’s find out. This blog delves into the distinctions between AI engineers and data scientists. Must read: Everything about the future of AI and Data Science Understanding AI Engineering AI (artificial intelligence) engineering is a domain that differs from regular engineering in focus (designing, developing, and deploying AI systems). Its key goal is to develop computer systems and devices possessing features that normal human intelligence uses, like sensing, reasoning, perceiving, and learning. Objectives of AI Engineering: Generate and optimize algorithms for machine learning applications to run. Bolster AI applications and systems by incorporating AI technologies, for instance, linguistic processing, computer vision, or speech recognition. Key Responsibilities and Tasks of AI Engineers: Collaborate with stakeholders to understand business problems and define AI solutions. Analyze and explore datasets to identify patterns and trends that inform the development of AI models. Understanding Data Science Data science is a multidisciplinary subject that blends techniques from statistics, mathematics, computer science, and domain expertise to facilitate the discovery of significant knowledge and useful information from huge masses of data. Objectives of Data Science: Gain insights into the structure and characteristics of the available data. Identify patterns and trends within the data that may provide valuable information. Key Responsibilities and Tasks of Data Scientists: Collect data from several platforms, including databases, APIs, and external datasets. Clean and pre-process raw data to ensure accuracy and consistency. Explore and visualize data to identify patterns, outliers, and relationships. Must read: How Does an MSc in Data Science Help You in the AI Era? AI Engineer vs. Data Scientist: Key Differences Focus and Objectives AI Engineer Focus: Building and deploying AI systems and applications. Objectives: Introduce complex mechanisms such as intelligent systems, machine learning models, and applications that can perform tasks without being controlled or guided by humans. Data Scientist Focus: Having the information, data can be scanned and insights extracted to make important decisions in the organizational setting. Objectives: Unveil patterns, trends, and saleable data in large data sets. Quick read: Why you should become a data scientist? Skillsets Skill sets unique to AI engineers and data scientists: AI Engineer Strong background in software engineering, machine learning, and AI technologies Proficiency in various programming languages, for instance, Python, Java, or C++ Experience with high-level deep learning frameworks like Python or TensorFlow Data Scientist Skill in functioning with or making statistics, data analysis, and machine learning algorithms Skills such as Python or R programming environments Knowledge of pre-processing data, doing EDA, and building predictive models Tools and Technologies Technologies and tools commonly used in AI Engineering projects: Programming LanguagesPythonJavaC++Machine Learning LibrariesTensorFlowPyTorchScikit-LearnCloud PlatformsAWSAzureGoogle Cloud Platform Technologies and methodologies commonly used in Data Science projects: Programming LanguagesPythonRData Analysis and VisualizationPandasNumPyMatplotlibSeabornMachine Learning LibrariesScikit-LearnTensorFlowPyTorch End Goals AI Engineer: Make artificial intelligence systems capable of doing specific functions without explicit programming. Data Scientist: Instill effective and responsible data governance practices to maintain performance, continuity, and accountability in the business. Career paths in AI Engineering and Data Science Job Roles and Responsibilities in AI Engineering and Data Science AI Engineering Roles: Machine Learning Engineer AI Research Scientist Computer Vision Engineer Responsibilities: Building and deploying machine learning models. Developing AI algorithms and applications. Data Scientist Roles: Data Analyst Data Scientist Business Intelligence Analyst Responsibilities: Interpreting and dealing with multi-faceted datasets. Build valuable predictive models for business insights. Educational Background and Skills AI Engineer Educational Background: A degree in computer science, mathematics, engineering, or any other related field. Skills: A co-op employment experience that culminated in strong programming skills (Python, Java, C++). Algorithmic understanding of machine learning tools and frameworks. Data Scientist Educational Background: A degree in statistics, mathematics, computer science, or science-related fields. Skills: In-depth data research and problem-solving. Programming abilities such as Python or R. Industry Applications and Opportunities Industry trends and demand for AI Engineers and Data Scientists: RoleIndustry ApplicationsOpportunitiesAI EngineerHealthcare: AI for medical image analysis and diagnostics.Finance: Fraud detection and algorithmic trading.Research and development roles in tech companies.Implementation of AI solutions in various industries.Data ScientistRetail: Customer segmentation and demand forecasting.Healthcare: Predictive analytics for improved patient outcomes.In-house data science teams in various industries.Consulting roles and providing data-driven solutions. Challenges and Future Outlook Challenges faced by AI engineers and data scientists: Addressing ethical considerations in AI, including bias in algorithms and the responsible use of data. Facilitating effective collaboration between technical experts, domain specialists, and business stakeholders. Emerging trends and advancements: Explainable AI (XAI) is increasing the need for the development of AI systems that are more transparent and interpretable by humans to generate trust among people. Advancements in deploying AI models on edge devices enable faster and more efficient processing. MAHE is the best choice for both: AI Engineer or Data Scientist! Manipal Academy of Higher Education (MAHE) helps youths become experts in artificial intelligence (AI) and data science. MAHE offers the latest syllabi in these fields. The quality of the institution’s top-notch labs and research centers is a crucial factor in shaping students’ learning experiences. The curriculum is intended to be complete, thus helping the graduates acquire skills and understanding of AI and data science models. It offers an MSc in Data Science, an MSc in Biostatistics, a BTech in Computer Science, a BTech in Artificial Intelligence and Machine Learning, etc. Conclusion To sum up, AI engineers and data scientists have similar starting points, with a foundation in data and technology. However, their different job functions make them compulsory professionals in the rapidly changing world of AI and data science. AI engineers create and utilize smart systems focused on solutions and user interaction. In contrast, data scientists concentrate on using data to inform decision-making and business strategies, gathering correct insights from using data. Both occupations offer different ways of careers, and the demand for AI engineers and data scientists is increasing with the development of new technology. Therefore, it plays a vital part in the future development of data-driven innovations in different industries.
Don’t be fooled: A student’s guide to identifying fake universities in India Earning a degree is a significant investment of time and money. With the growing importance of higher education, unfortunately, so do fake universities. These institutions offer bogus degrees that hold no value, jeopardizing your future career prospects. This blog empowers you, the student, with a clear checklist to identify fake universities in India, based on the official guidelines from the University Grants Commission (UGC). During the time of online degree programs, it is imperative for each students to use this checklist before enrolling in a program. The red flags: Identifying fake universities Here’s what to watch out for: Non-recognition by UGC: Every legitimate university in India must be recognized by the UGC. Check the official UGC list of recognized universities. If the university you’re considering isn’t listed, it’s a major red flag. Check out the list of fake universities on UGC portal: UGC has compiled full list of fake universities on its website. On this page, you will get state-wise details of fake universities. If the university you are planning to take admission in this list, please stop further processes. Unrealistic promises: Beware of universities promising instant admissions, guaranteed placements, or degrees without rigorous coursework. Legitimate universities have established admission processes, academic standards, and placement processes. Misleading website and infrastructure: A professional website with clear information about faculty, courses, and accreditation is a good sign. Be wary of poorly designed websites with limited information or those claiming affiliation with prestigious institutions they’re not associated with. If possible, visit the university physically. A dilapidated campus or lack of proper infrastructure can be a warning sign. Unconventional modes of communication: Legitimate universities typically have official communication channels like email addresses with their domain name. Beware of universities relying solely on phone calls or text or WhatsApp/Telegram messages for communication. Exorbitant fees and payment methods: While costs vary, be wary of universities demanding exceptionally high fees or pressuring you into unusual payment methods, like cash deposits. If you would like to know more about the higher education in India, read this insightful blog on the state of higher education in India. Beyond the checklist: Additional tips Research the faculty: Look for universities with qualified and experienced professors with published research. Check student reviews: While online reviews can be subjective, reading student testimonials can offer valuable insights. Contact the UGC directly: If you have any doubts, reach out to the UGC helpline or email them for verification. Use search engines or social media: You will get more details related to the universities on search engine such as Google, Bing, Yahoo etc. Use the search terms such as “is the xyz university legit” or “value of xyz university”. This will give you thousands of responses from various sources, including forums such as Quora, aggregators, social media posts, YouTube videos and many more. Are online programs from Indian universities fake? No, not all online programs from Indian universities are fake. However, there are some fake universities operating in India, so it’s important to be cautious before enrolling in an online program. Here are the tips for choosing legitimate online programs: UGC Regulations: Since 2020, India allows recognized universities to offer online degrees under regulations set by the University Grants Commission (UGC). These universities must meet specific criteria like accreditation and ranking. Verification: Ensure status of Higher Educaton Institutions (HEIs) at respective UGC pages. UGC has issued a public notice with precautions to take before admitting to online mode – Recognition status of HEIs: The year-wise and academic session-wise status of HEIs recognized to offer programs through Open and Distance Learning mode and/or Online mode is available on UGC website. ii) Entitlement status of HEIs: The list of HEIs Entitled to offer programs in ODL mode and/or online mode with names of programs is available on UGC-DEB website. iii) Please read notifications at Notice Board before taking admission. The notifications can also be accessed here as well. Check university website: Look for information on the university website about the online program, including accreditation details and faculty credentials. For example, Online Manipal is the digital home of Manipal Universities, which features online programs offered by the prestigious universities under Manipal group. On this website, you will get all details regarding each program including fees, eligibility, accreditations & rankings, scholarship details, besides a large resource of blogs. Reviews: Research online reviews (with caution) on platforms known for reliability. Look for consistent themes rather than individual experiences. Check out: How worthwhile is Online Manipal for online education? Additional resources: UGC Website: https://www.ugc.gov.in/ UGC Helpline: 1800-111-656 Remember: Don’t be afraid to ask questions! A legitimate university will be happy to address your concerns and provide clear information. Conclusion In conclusion, the ever-expanding online education landscape in India offers exciting possibilities for students seeking flexibility and convenience. However, staying vigilant against fake universities disguising themselves is crucial. By wielding the information in this blog and conducting thorough research, you can confidently embark on your online learning journey with a recognized university and a legitimate degree program. Remember, a little extra effort now can safeguard your educational investment and open doors to a brighter future. Let’s work together to ensure online education empowers students, not exploits them.
Business analytics career after engineering Business analytics implies dealing with data analysis to get insights that directly influence key business decisions and strategies. It is carried out via various tools, such as statistical analysis, predictive modeling, data mining, and others, to extract valuable information from vast data sources. Organizations can enhance operations optimization, identify trends, forecast future results, and reduce risks by deploying data analytics tools and methods. Technological advancements have enabled the continuous increase in data generated by businesses, which, together with the need for skilled professionals in the field. Through this blog, we close the gap between business analytics roles and engineering graduates and find lucrative career opportunities in Business Analytics after engineering. Understanding business analytics Business analytics is a process of examining an organization’s data and deriving useful information to support decision-making. It includes using descriptive statistics, data mining, predictive modeling, and numerical approaches to find connections, trends, and patterns in data. Key concepts and methodologies used in Business Analytics: Descriptive Analytics: This concept mainly uses data visualization, dashboards, and key performance indicators (KPIs) to showcase information in a decent and understandable format. Predictive Analytics: Predictive analytics employs historical data and mathematical models to predict what will happen in the future. Prescriptive Analytics: Prescriptive analytics is not limited to predicting outcomes with data; instead, it can prescribe actions that would lead to optimal results. Industry applications and demand for Business Analytics in engineering: Retail: Shops employ business analytics to forecast consumer behavior and average sales, improve the quality of inventory, and develop marketing strategies to suit customer demands and preferences. Healthcare: In healthcare, business analytics are used to improve patient outcomes and hospital operations. Finance: The financial sector utilizes data analysis to determine credit risk, detect fraud, and raise returns on their investments. Why consider a career in business analytics after engineering? There are many benefits of opting for business analytics after engineering. The following are a few transferable skills from engineering: Analytical Skills: Engineering graduates are known as analytical professionals who develop their skills through engineering coursework and problem-solving. These skills are also used in business analytics, where professionals perform data analysis to gain meaningful intelligence. Quantitative Skills: Engineering education includes mathematical and quantitative reasoning, which are key for performing statistical analysis and creating predictive models. Technical Proficiency: Graduates of engineering have a background in computer languages, data visualization tools, and statistical software. This knowledge is helpful in business analytics. Business analytics collaborates with experts and professionals from different areas, such as marketing, finance, operations, and supply chain management. Engineers can utilize their unique skill sets to work in various departments of the organization and contribute to solving complex business problems. As data-driven decision-making becomes more and more reliant, organizations constantly search for talented people who can be the main characters in the process of translating data into actionable business insights. Roles in a Business Analytics CareerBusiness AnalystData AnalystData ScientistBusiness Intelligence Analyst Quick read: Who should do an MSc in Business Analytics? Steps to transition into a business analytics career Assess Existing Skills and Knowledge Evaluate your current skill set, including quantitative abilities, programming proficiency, and analytical thinking skills gained from your engineering education. Identify relevant coursework, projects, or experiences that demonstrate your analytical capabilities and problem-solving skills. Identify Areas of Interest Within Business Analytics Explore different roles and domains within business analytics, such as data analysis, data science, business intelligence, or predictive modeling. Acquire Necessary Skills Through Additional Coursework or Self-Study Identify the specific skills and tools required for your desired role in business analytics, such as programming languages (e.g., Python, R, SQL), statistical techniques, machine learning algorithms, and data visualization tools. Enroll in online courses, boot camps, or certification programs to learn new skills or enhance existing ones. Build a Portfolio Showcasing Analytical Projects and Achievements Develop analytical projects that demonstrate your ability to apply data analysis techniques to real-world problems. Showcase your projects through a portfolio website, GitHub repository, or online platform to highlight your skills, methodologies, and outcomes. Network and Seek Mentorship Opportunities in the Field Attend industry events, networking meetups, and professional conferences to connect with professionals working in business analytics. Join online communities, forums, or LinkedIn groups related to business analytics to engage with peers, share knowledge, and seek advice. Skill set required for transitioning to Business Analytics Technical SkillsSoft SkillsStatistical analysis tools–R and PythonCritical thinking and problem-solving abilitiesData manipulation and visualization skills–Pandas in Python and Matplotlib/ggplot2Effective communication and presentation skillsDatabase querying and management–SQL (Structured Query Language)Collaboration and teamwork Job roles and responsibilities in Business Analytics Career PathRoles and ResponsibilitiesEntry-Level RolesData Analysis and ReportingAssisting with analytical projects under the guidance of senior team membersSpecialization AreasMarketing AnalyticsFinancial AnalyticsSupply Chain AnalyticsAdvancement OpportunitiesSenior Business AnalystData ScientistAnalytics Manager/DirectorChief Data Officer (CDO) Resources for further learning and development Online Courses and Tutorials: Coursera: Offers a wide range of courses in business analytics, data science, and related topics taught by leading universities and instructors. Udemy: Provides affordable courses on business analytics tools, techniques, and methodologies, suitable for beginners and experienced professionals alike. Books and Academic Resources: “Data Science for Business” by Foster Provost and Tom Fawcett: A comprehensive guide that introduces business analytics concepts and techniques, focusing on practical applications and case studies. Professional Certifications and Training Programs: Certified Analytics Professional (CAP): Offered by the Institute for Operations Research and the Management Sciences (INFORMS), CAP certification validates proficiency in analytics concepts, methodologies, and tools. Microsoft Certified: Azure Data Scientist Associate: This course validates skills in designing and implementing machine learning models on Microsoft Azure, a popular cloud platform for data analytics. For you: Why is the MSC in Business Analytics best done with Online Manipal? Excelling in Business Analytics with MAHE Manipal Academy of Higher Education (MAHE) provides a comprehensive platform for individuals looking to excel in the field of business analytics and successfully chart their career paths. The curriculum covers a wide range of topics, including statistical analysis, data mining, machine learning, and business intelligence. MAHE emphasizes hands-on learning and practical experience, offering students opportunities to apply theoretical concepts to real-world problems. It also covers career counseling, resume writing workshops, mock interviews, and job placement assistance, ensuring that students are well-prepared to pursue rewarding careers in business analytics upon graduation. Conclusion In conclusion, transitioning into a business analytics career after engineering offers a promising pathway for individuals looking to leverage their analytical prowess and technical skills in a dynamic and data-driven field. With the growing demand for professionals skilled in data analysis and decision-making, engineering graduates are well-positioned to excel in roles ranging from data analysts to business intelligence managers.
