The role of Information System Management in the digital age Information system management is the process of planning, building, and maintaining information systems to support a company’s mission. This can include everything from designing and implementing a computer system to maintaining it once it’s in place. So, what is the role of the information system in digitalization? Information system management is an essential part of today’s tech-driven world. Computers and other electronic devices are used in nearly every aspect of our lives — from the simple act of checking email to managing complex processes such as manufacturing or transportation. The role of information system management is to understand how these technologies work, how they can be improved, and how they can be applied effectively in a business environment. Benefits of obtaining an MBA in Information System Management An MBA in Information System Management is a great way to start or advance your career in the field of information technology. The degree provides you with the necessary skills and knowledge to successfully manage and operate an information system within a company. Here are some benefits of obtaining an MBA in Information System Management: You will gain a comprehensive understanding of how to manage and operate an information system. You will learn how to effectively use information technology to support business operations. You will develop strong project management skills, which are essential for managing complex information system projects. You will acquire excellent communication and interpersonal skills, which are key for working with teams and clients. You will have the opportunity to network with other professionals in the field, which can lead to job opportunities or collaborative projects down the road. You will gain exposure to different aspects of business, such as finance, marketing, and accounting, which can be beneficial for your career advancement. You can also read Why choose MBA in Information System Management? Career Opportunities in Information System Management The demand for qualified information system managers is expected to continue to grow in the coming years. There are many different types of information system manager jobs available. Some of the most common job roles in information system management include: Systems analyst: The systems analyst’s job role is to provide a technical solution to business problems. They work with software developers, database administrators, and other technical staff to create new systems or improve existing ones. Business analyst: The job of a business analyst is to provide the necessary information to help make the best decisions for your company’s future. They do this by conducting thorough research about your business goals and objectives so that they can identify potential problems and offer solutions. Applications developer: An applications developer job role is a position that focuses on developing software programs for the purpose of creating applications for a company or organization. These applications can be used internally and/or released to the public. Network engineer: Network engineers are responsible for the design, implementation, and maintenance of computer networks. They often work with computer hardware and software, as well as with telecommunications equipment. Database administrator: The database administrator is responsible for overseeing the organization’s database management systems, including designing, implementing, and maintaining databases. Each of these roles plays a critical part in designing, developing, implementing, and maintaining information systems. Those pursuing careers in information system management can expect to earn a high compensation package. An Information System Manager can expect to earn an annual salary of up to ₹38.0 Lakhs. Job prospects in this field are expected to grow as organizations will continue to need IT managers to oversee and implement new technologies. The BLS projects that the employment of computer and information systems managers will grow 16% from 2021 to 2031, which clearly indicates that the future in the domain is bright. List of top industries that hire Information System Managers Information system managers are in high demand in all industries, especially those that deal with technology, and since IT is an ever-evolving field, the demand for information system managers is only going to increase. The following list of top industries that hire information system management professionals will give you an idea of where you might want to focus your job search: Telecommunications Financial Services IT Consulting Pharmaceuticals and Healthcare Manufacturing Government Energy and Utilities Travel and Tourism Why pursue an MBA in Information System Management from MUJ? An online MBA in Information System Management from Manipal University Jaipur will prepare you for a career in managing and developing information systems. The program will provide you with the skills and knowledge necessary to effectively manage information systems within an organization. You will learn how to design, develop, and implement information systems that support business processes and decision-making. In addition, you will gain an understanding of the role of information technology in organizations and how to effectively manage IT resources. This is the right elective for those who aspire to achieve management or leadership roles in the IT companies. Pursuing an online MBA is a great way for working professionals to skill up without having to quit their job. To know more, read What will you learn in an MBA in Information System Management? Highlights of the online program: The program is designed to provide business education for the future. The program is designed for students to learn at their own pace. The enhanced digital platform provides a comprehensive learning experience. The program is taught by experienced faculty who are experts in their fields. Conclusion The role of information system management in the digital age is to provide efficient and effective ways for companies to interact with their customers. By providing these services, information systems managers are able to improve customer experience and build trust between their company and its customers. Individuals who are planning to advance their career in the domain can enroll in the MBA in Information System Management from MUJ.
Why data science is a must-have skill for professionals today Technology has advanced so far in the current era that businesses and companies are thinking beyond the traditional ways of marketing. In earlier days, assumptions, references, and predictions played a crucial role in determining every business decisions, transformations, and choices. However, the ultimate results were never satisfactory because they had an unstable base or foundation. It led to many discrepancies, losses, and even a sharp decline in the business reputation. However, now that technology has evolved, businesses no longer rely on assumptions. Instead, they use data to understand the real-time situations and conditions of the target audience, market, business performance, productivity, employee sustenance, and many other aspects. As a result, they can make well-informed decisions, orchestrate and streamline operations perfectly, and consistently generate value for their business. Through the transformation, there is a huge demand for professionals with a data science skill set and knowledge. This technical field collects and analyzes various datasets to provide deeper insights to businesses on myriad aspects. Data science job market and demand Using the textbook definition, data science is a technical, statistical, and mathematical field where professionals extract different datasets from relevant sources. After processing and filtering, they use various qualitative analytical methods to reveal patterns/trends and generate visual insights. All this information is then clubbed into analytical reports and forecasts. Due to the increasing demand for skilled professionals to handle data, the data science job market is expected to have a valuation of $378.7 billion by 2030. The expected annual growth rate of the market is approximately 16.43%, which is quite high compared to any other technical field. Therefore, it’s evident that the market will witness a whooping growth in global revenue, market size, and annual growth. Consequently, businesses expect to employ professionals with top-notch and next-gen skill sets based on these numbers. Data science skill sets If you are looking forward to grabbing one of the best data science career opportunities, developing and nurturing a diverse skill set is essential. Data science is based on mathematical, instrumentation, statistical, and computational techniques. However, this field has huge technological support because you require tools or algorithms to collect data from various sources and models to analyze them. Thus, every professional has to develop a comprehensive list of data science skill sets that will shape their future. This section lists the essential skills you need for a golden future in the data science domain. Database and programming language You first need to learn about databases, such as SQL, MongoDB, and more. Every single piece of data will be stored in the database, either in structured or unstructured form. Therefore, you must know how to create queries, find schemas and table views, optimize the queries to extract the appropriate datasets, find redundancies and duplicity in the records, and so on. You must also understand the programming language to analyze the datasets and derive the expected results. Ideally, Kotlin, Python, and Java are the best languages to begin your career. Mathematics It would help you to become proficient in mathematics since you need the computational knowledge to build the algorithms for the analytical model. It can be linear algebra, statistics, matrix, calculus, probability distribution, regression, vector models, or dimensionality reduction. These algorithms will determine how the entire data science analytical model will work, how to understand the patterns/trends, extract accurate information, and so on. Data visualization One of the essential skills required to meet the high data science demand in the market is data visualization. As a professional, you must know how to read various visuals, like charts, graphs, and tables. Once you decode these visuals, you can prepare a complete report on what the datasets are about, the information they hold, and so on. Web scraping It is a method through which you will extract information already present on the Internet. It can be through a third-party platform or an authorized data library. You have to find the relevant sources for datasets, including but not limited to surveys, feedback forms, polls, and reviews. ML and NLP Machine learning and natural language processing are combined to form data science analytical models and algorithms. You must leverage these technologies and artificial intelligence for the best data science career opportunities. Until and unless you understand ML and AI concepts, you won’t be able to design models based on data and capable of handling various datasets. Benefits of developing skills in data science Below are a few benefits of learning the skills mentioned above as a data science professional. If you have the skills developed, you will be able to understand what data science is and implement the knowledge you gain in the real-time world. Developing these skills will also help you get a higher salary. Since data science has become a competitive market, the competition for professionals will skyrocket in the coming years. Therefore, you must prepare for that explosion and develop your USP, which can be done by developing a data science skill set. Following are the various technologies and concepts you have to learn. Data science skillsThings to learnProgrammingJava, Kotlin, Python, SQL, MongoDB, and R programmingMathematics and calculationsStatistics, permutation and combination, probability, calculusAdvanced technologiesMachine learning and artificial intelligence How to develop data science skills as a professional? If you want to develop yourself as a data scientist in terms of skills, it would be best to opt for an online data science course. It can be a diploma, master’s or PG program, or a certificate from a well-recognized institution. Apart from this, you can also gain hands-on experience by attending workshops and training programs online. An internship is also one of the best ways to develop your data science skills and become a strong professional with a versatile portfolio. Conclusion The data science job market is vast, and people will have many opportunities. However, to acquire the best opportunity, you must develop an appropriate skill set in technology, mathematics, and statistics. Data science is hard to master, but once you get these skills under your grasp, you can deliver excellent performance and drive innovation for businesses and companies worldwide. To pursue higher education in Data Science, you can check the online programs offered by the prestigious Manipal Academy of Higher Education (MAHE). We provide online postgraduate data science degree and certificate courses at Online Manipal platform for you to learn from your home! Key takeaways: Data science is a vast market covering multiple verticals, such as data collection, data processing and cleaning, data analytics, and many more. Skill development is essential to become a successful data scientist and implementing the knowledge to solve real-time challenges. Technical skills, such as machine learning, artificial intelligence, and database knowledge, are required for data science jobs.
High-paying careers for commerce students in 2023 According to eMarketer and Statista research, online retail sales are predicted to reach $6.51 trillion by 2023, with e-commerce websites accounting for 22.3% of total retail sales. Thus, with the expansion of the ecommerce industry, many new job opportunities will also open up, and careers in e-commerce will flourish in a significant way. Since the e-commerce industry requires multiple skills, professionals need to possess various important skills. Students from the commerce background have a significant advantage in availing opportunities in the e-commerce sector since they possess essential skills which are an asset in the sector. Let us find out how an M.Com degree can help commerce students land a job in e-commerce. How does an M.Com prepare you for a career in e-commerce? You will have many opportunities to build a career in e-commerce after getting an M.Com degree. Although M.Com is a traditional Master’s degree course, you can opt for an online course because the current online degree of M.Com has incorporated many new courses to keep up with the requirements of the current job market. The M.Com course will offer the knowledge and skills related to various business aspects. You will be able to keep yourself updated with the knowledge required to manage or run an ecommerce business. You will get a comprehensive understanding of the following topics: Business analysis Accountancy Marketing management Financial management Data analysis Career opportunities in the e-commerce industry for M.Com graduates There are various high-paying e-commerce jobs after M.Com for commerce students. Let us discuss the details of some of the roles mentioned below: E-commerce Manager The role of an e-commerce manager is to formulate some practical strategies. These managers also ensure that these strategies help to generate profit by increasing online sales of a product. They also oversee the generation company’s income. Some of the critical responsibilities of e-commerce managers are: To encourage online sales by preparing strategies based on current standards. Oversee the activities of copywriters, designers and developers to check whether they adhere to the strategies. Create offers for promotional purposes. Analyze traffic for the maintenance of the website. Prepare a report for the new strategies. Digital Marketing Manager Digital marketing managers work on promoting various sales campaigns. They identify trends and plan various campaigns. Their responsibilities also encompass maintenance of the social media presence, preparing the report on various campaigns, implementing and developing campaigns etc. Some of the significant responsibilities of a Digital marketing manager are: Monitoring the budgets of marketing campaigns. To identify the recent and current trends. To cooperate with the experts in advertising and media. To manage the social media platforms. Sales Manager Sales managers are responsible for hiring and firing employees of the sales team. They also train sales representatives and establish a sales region. They also have to connect with the directors regarding their accomplishments in sales. They are responsible for fulfilling the sales targets. Some other responsibilities of a sales manager are: To acquire new clients. To create a sales plan. Manage customer relationships. Help to meet the sales goal Manage and develop accounts Content Marketing Manager Content marketing managers are responsible for increasing traffic through content marketing. They play the role of distributing the content on various platforms. They should understand each platform’s advantages and disadvantages and have analytical knowledge of social media and data utilization. You also need to gain key skills like Search Engine Optimization and understand different search engines because then you can do SEO for Google search or you can do SEO for Yahoo or other search engines as well . Some significant responsibilities of a Content Marketing Manager are: To manage the team of content writers Examine the results of marketing activities for the future campaigns Executing SEO techniques Product Manager Product managers analyze the need of the customer and emphasize building the product based on the need. They must understand the customer experience and fill the market gap by improving the product experience. They have to work with a team in a dynamic environment. Some of the responsibilities involve: To generate new ideas by having a deep understanding of the customers. To determine the price To relate the activities by maintaining a relation between the business and customer requirements. Supply Chain Manager Supply chain managers oversee all the activities related to producing and distributing goods. They are also responsible for scheduling the activities of various departments to ensure the identification, production, acquisition, and distribution of the company’s goods. Supply chain managers manage logistics and keep the company’s inventory up to date. They evaluate operational performance and solve problems. They also work with vendors and suppliers to ensure that all operations (for example, shipping and delivery) meet standards of quality and safety. Operations Manager Operation managers are in charge of various responsibilities, which can differ based on the type of business and sector. An operation manager oversees the duties of the HR department and manages the team. They manage all the activities related to producing goods and delivering the service. They also help to improve the culture and environment of the company. Some of their responsibilities include: Arranging events to boost employee engagement and motivation. Assessing data to determine the cost-benefit ratio. Using quality control checks to identify supply chain issues for the company. Preparing and monitoring employee schedules. To know more, you can read Top job roles to explore after M.Com. Top companies that hire commerce students Many high-paying companies hire commerce students and provide various job opportunities and attractive salary packages. Some of the top companies hiring commerce students are mentioned below: Deloitte Amazon TCS Flipkart Infosys Accenture Cognizant Capgemini Get a high-paying e-commerce job with an online M.Com through Online Manipal If you have completed a B.Com degree and are interested in getting top e-commerce jobs, you should consider enrolling in the online M.Com course provided by Manipal University Jaipur. This UGC-recognized program is divided into 4 semesters over a period of 2 years. The comprehensive program will provide you with a wide range of skills needed to work efficiently in a business in today’s global marketplace. You will gain in-depth knowledge of critical business concepts and principles, allowing you to address real-world challenges and deliver actionable solutions. Learners will also gain a broader understanding of core business functions and other related topics through an extensive curriculum that includes advanced accounting and financial management, the legal environment of business, export and import laws, economic policies, and other aspects that influence trade and business. Thus, the program will be highly beneficial in helping commerce students land a job in the e-commerce sector. You can also read Online M.Com vs conventional M.Com: What is the best way to pursue an M.Com degree course? Conclusion It is the best time to grab opportunities in the e-commerce field as the field is witnessing huge growth. If you are a commerce graduate and want to improve your career, you should acquire some skills to advance your career to high-paying roles. If you are already a commerce graduate and working professional, you should consider enrolling in an online post-graduate commerce program as it would provide the benefit of self-paced learning without you having to leave your job. You can opt for the online M.Com course from MUJ through Online Manipal to land a job in the e-commerce industry and advance your career.
Hear from TAPMI’s on-campus MBA-BKFS alumni After 8 years of successful on-campus delivery, T.A. Pai Management Institute’s flagship MBA in Banking and Financial Services program is available in the online mode on the Online Manipal website. The program is specially tailored to suit the needs of working professionals in the BFSI sector. The program helps professionals in the banking and finance sector switch to managerial and leadership roles with fat salary packages. The program is best suited for – Early-career professionals aspiring for a career in banking and financial management Mid to senior-level managers in the banking and financial services sector, eager to understand risk management & control in an evolving business environment Business leaders in banking and financial institutions keen to gain a deeper understanding of the BFSI sector in a disruptive world Risk management consultants & finance professionals working in banks or fintech organizations, or handling similar clients/projects The curriculum of the online MBA program available on the Online Manipal website is slightly different from the on-campus offerings, however, the degree one will get is the same- MBA in Banking & Financial Services. TAPMI has a record of 8 years of successful on-campus delivery of the program and a 100% placement record. Learners who have graduated from the on-campus program are placed in top companies in the banking and finance sectors. The 123 recruiters as part of the placement process include some top companies like Cognizant, Deloitte, Bajaj, HDFC Bank, and KPMG, among others. The highest CTC for students of 2023 is INR 22.3 LPA, with an average CTC of 15.7 LPA. What’s better than hearing from our on-campus learners who graduated with an MBA-BKFS degree about their experience. Sathya Siva Chandan Gorthi, Senior Manager – Digital Trust Practice, KPMG “The program is well structured, covering in-depth subjects in the Banking and Financial Services domain that caters to both banking and capital market enthusiasts. We got to learn from experienced faculty, who imparted invaluable knowledge that I can leverage in my career. During the program, there were corporate interactions that served as wonderful opportunities for us.” Nancy Lal, Transformation Excellence Manager, Accenture Strategy and Consulting “I am glad I chose TAPMI’s MBA in BKFS program because the academic rigor, holistic curriculum, and industry exposure has accelerated my career growth. Having learned finance in the best way possible has enabled me to operate with a business-focused approach and has helped me stay ahead.” Harshita Gaur, Manager-Products, Neo Group “The MBA in BKFS curriculum at TAPMI is based on a practical approach towards finance. This has helped me build a solid base and accelerate my professional growth.” Judhajit Roy, Senior Consultant, EY “TAPMI has not only provided a nurturing environment for learning through a comprehensive curriculum but also helped in my personal development. Thanks to the supportive faculty for imparting knowledge which has contributed immensely towards my professional career.” Vinayak Ram TS, Senior Analyst, NatWest Markets “TAPMI’s MBA in BKFS was the perfect platform for someone like me, who had no prior knowledge in finance. I will always be grateful for the immense effort the college and faculty put into making us get a grip on subjects. I still use my notes from college for my day-to-day work, which itself is a testimony to how carefully the curriculum is curated.” Akshay Anand, Wealth Councillor, Citibank N.A “The MBA-BKFS journey with TAPMI has been a memorable one. There were ups and downs, but the professors guided me in choosing the right path.” Aditya Jagdish Lahoti, Associate – RIS, TresVista TAPMI has played an instrumental part in shaping my career in finance. Industry-relevant electives have helped me in enriching my knowledge in the field of finance. The program has helped me build the foundation for my career. Janardhan YS, Senior Manager, ICICI Bank “TAPMI’s MBA in BKFS curriculum is a perfect blend of practicality and academics. The program convers key aspects like real banking issues and ways to deal with them. The interactive sessions with industry experts were insightful and helpful.” Vineeta S, Associate – Data Privacy, Kurtkoti JPMC “TAPMI provides academically rigorous courses and the MBA in BKFS program has an excellent curriculum that ensures practical application of business knowledge and skills. The program is beneficial for students from both banking and finance backgrounds.” How TAPMI’s online MBA-BKFS is delivered TAPMI’s online MBA in BKFS is a 100% online program that comes with 4 industry-oriented electives- Analytics for Banking & Finance, Banking, Capital Markets & Advanced Corporate Finance. The faculty for the on-campus program take classes for the online students too. With TAPMI’s online MBA in BKFS, learners can get varied real-world experiences that enable industry integration and cross fertilization of ideas.
The growing popularity of micro-credentials in online learning As the world continues to move towards a more digitized era, online learning has become an increasingly popular option for those seeking to further their education or upskill themselves. Micro-credentials are usually brief, targeted courses which provide certification for specific skills and knowledge. These courses are a fantastic way to gain the qualifications and credentials necessary to secure the job of your dreams or get that promotion you have always wanted. Ultimately, micro-credentials are a great way to increase your employability and stay ahead of the competition in the ever-evolving digital world. Micro-credentials are becoming an increasingly popular way to quickly upskill without having to commit to a lengthy degree. This allows individuals to gain in-depth knowledge and expertise in a particular subject without the need to study a broad range of topics. Micro-credentials are also more affordable than traditional degrees and can help individuals grow their skill set, making them more competitive in the job market. Why should you earn micro-credentials? Discussed below are the top reasons why you should earn micro-credentials: 1. Focused learning: Micro-credentials provide focused learning that is tailored to specific skills and knowledge. This makes them ideal for those who want to upskill quickly and efficiently. 2. Quick certifications: Micro-credentials are usually shorter than traditional degrees, which makes them ideal for those who want to gain certifications quickly. 3. Cost-effective: Micro-credentials are usually more affordable than traditional degrees, which makes them ideal for those who are on a budget. 4. Recognition: Micro-credentials provide recognition for those who have acquired specific skills and knowledge. They are often used by employers to assess potential employees. 5. Flexibility: Micro-credentials offer flexibility, as they can be taken at your own pace and from anywhere. This makes them ideal for those who have busy schedules. You may like to know more about the impact of micro-credentials in India. How do working professionals benefit from micro-credentials? Working professionals can benefit from micro-credentials in various ways. Micro-credentials are becoming increasingly popular among working professionals, as they provide a way for individuals to upskill quickly without having to commit to a lengthy degree program. Additionally, micro-credentials provide recognition for those who have acquired specific skills and knowledge. This can be beneficial for those looking to switch jobs or domains, as they can quickly gain new skills in a new domain, and employers are more likely to recognize individuals with micro-credentials. Micro-credentials allow working professionals to stay competitive in their field and stay ahead of the competition as they provide a way for individuals to quickly gain the skills they need to stay competitive. Finally, micro-credentials can be beneficial for those looking to get a promotion. They provide a way for individuals to quickly gain the skills and knowledge necessary to move up in their field. This can be beneficial for those looking to move up in their current careers or switch to a different field. What are the micro-credentials offered through Online Manipal? Online Manipal offers a range of micro-credentials that are designed to help individuals upskill quickly and efficiently. Some of the micro-credentials offered through Online Manipal include the PGCP in Cloud Computing, DSML, Business Analytics, and Logistics and Supply Chain Management. These are job-oriented courses that take less time to complete and provide the necessary skills and knowledge to professionals to stay competitive in the job market. Additionally, these micro-credentials provide recognition for those who have acquired specific skills and knowledge, which can be beneficial for those looking to switch jobs or get a promotion. Conclusion Micro-credentials provide a way for individuals to quickly gain the skills and knowledge necessary to stay competitive in their field. They are often more affordable than traditional degrees and provide recognition for those who have acquired specific skills and knowledge. Additionally, micro-credentials offer flexibility, as they can be taken at your own pace and from anywhere. Individuals planning to earn micro-credentials to advance their careers can check out Online Manipal to choose the one best suited for them.
Role of data science professionals in HRM Human resource management, or HRM, is one of the important areas in which most companies invest. Without it, companies won’t be able to maintain appropriate culture and ambience for their employees or even promote thoughts of positivity, productivity, and better performance. HR management includes four major fields: recruitment and onboarding, salary and compensation, employee relations, and training and development. Human resource management is often perceived as a straightforward task; however, the truth is quite the opposite. HR activities are intricate, and managing them can be challenging. Making informed and well-thought-out decisions is crucial to ensure the efficacy of HR management. An uninformed decision could adversely impact employee morale and hinder the company’s progress. Therefore, it’s essential to approach HR management with careful consideration and attention to detail. In addition, you must consider studying big data or implementing data science in HRM. Data science in HRM With the growing demand for data, HRM professionals are bound to reconsider business decisions and analyze whether they are meaningful and relevant. For instance, when HR professionals decide to run a recruitment drive online without planning for employee onboarding, they fail to realize the possible chances of failure. It is primarily because the professionals do not have enough information concerning the benefits of employee onboarding, its success rate, and so on. This is where you may need data science and data analytics. It is the study of datasets in different ways with the sole aim of acquiring important information through visual insights. It can be employee sustenance rate expressed as bar graphs over the past 6 months or employee satisfaction percentage based on age group expressed in a pie graph. Therefore, it is easily understandable that data science can yield valuable information from various datasets and transform them into understandable and readable insights. It will help the HRM professionals to work on HR strategies and act accordingly. For instance, HR managers can check the visual insights to know more about employee satisfaction and experience. This will further reveal whether the existing strategies can increase employee satisfaction. Accordingly, they can improve the incompetent strategies and ensure all employees feel at ease, welcomed, and valued. After all, no company can succeed without its employees. Following are some reasons businesses invest in data science for human resource management. First, data science is crucial in obtaining insights from different datasets, such as employee feedback, cover letters, and resumes. HR professionals can easily make decisions without worrying about the success rate because the decisions are based on real-time insights with accurate information. It becomes easy for HR professionals to understand what the employees think before making any company changes. Making appropriate strategies for digital transformation, technology adoption, and employee onboarding becomes easy with the help of data science. Application of data science in HR Understanding the real-time applications of data science in human resource management and operations is important. Unless the concept is clear, it will be difficult for professionals to make appropriate decisions and changes. Thus, to help you understand the significance of data science in human resource management, we have explained four of its applications. HR Data Analysis Although HR data analytics is novel, its importance in making business employee-related decisions is impeccable. It is a process through which various data sets can be transformed into visual insights in graphs and charts and studied to gain deeper knowledge about a certain matter. Data analytics in HR allow professionals to make appropriate decisions, understand the impact of various strategies on overall business performance and productivity, and detect the loopholes in the existing HR management strategies. With the help of HR data analytics, you can easily extract insights such as: The average employee turnover per year Approximate cost to retain an employee in a year The employees who are likely to leave the company by the end of the fiscal year Various departments in the business or company that might need new talent in the upcoming year According to several studies, data analytics in HR will play a crucial role in facilitating recruitment and employee onboarding moving ahead. Businesses planning for a recruitment drive usually decide on the target audience according to the results obtained from data science and analytics. That’s why the response from the target audience towards the recruitment drive is high and prompt. Companies can also use appropriate onboarding strategies to retain as many new employees as possible by the end of the same year. Talent Analytics Another major area where data science has numerous applications is talent analytics. It is a process of understanding business requirements in depth. For example, when a company decides to analyze the project requirements, it relies on data science. The analysis reveals the gaps in talent and skills, allowing HR professionals to decide what type of candidates they need to hire. For instance, they can easily decide if IT professionals with specializations or fresher employees would suffice. Such data-driven insights help companies make appropriate decisions based on talent analytics. Predictive HR As the name suggests, predictive HR analytics will determine future results and decisions based on past and present datasets. For instance, businesses can compare employee sustenance cost and satisfaction rate to decide whether to increase the overall budget in the upcoming year. Such decisions or changes must always depend on datasets since they provide real-time insights instead of any assumption. HR Data Visualization Last but not least, data science helps in HR data visualization. It is a technique through which you can convert datasets into insights and make them more understandable using various visualization tools. For instance, expressing the datasets and insights in graphs and pie charts can help in comparison, sectional employee representation, etc. ApplicationBenefitHR Data VisualizationConverts datasets into visual insights through graphs and chartsPredictive HRAllows professionals to analyze past and present datasets to predict future requirementsTalent AnalyticsHelps in understanding talent gaps to acquire professionals with appropriate skillsHR Data AnalyticsAllows to study data and gain insights to make data-driven HR decisions Conclusion In this article, we have explained the use of data science in HRM. Data science can help HR professionals make data-driven decisions while acquiring proper knowledge about their employees, business performance, and productivity. If you want to learn more about data science, you can complete online courses from Manipal Academy of Higher Education (MAHE) at Online Manipal. These courses come with different specializations to help you acquire in-depth knowledge of the subject. Check out our website today! Key takeaways: Data science in HRM involves the study of employees, talent requirements, and employee retention. HR professionals can improvise or make changes in employee relations strategies with the help of data science. Data science is essential to reduce HR risks in the business, such as employee leaving, dissatisfaction, lack of productivity, and more.
Why are MBA-BKFS graduates sought after? India’s economy is among the largest and fastest-growing in the world, and its banking and financial industry is prospering. The financial and banking services sector is filled with opportunities for professionals who are equipped with cutting-edge technology and are knowledgeable about the complexities of this booming industry. Due to the demands of the BFSI industry, the employability of MBA in Banking and Financial Services graduates is increasing by the day. The framework of the MBA-BKFS program helps professionals to upgrade their financial knowledge and skills to advance their careers. What is TAPMI’s online MBA in BKFS? TAPMI online MBA-BFKS is a 2-year full-time program divided into 4 semesters. The online program offers four electives that are pertinent to the industry: advanced corporate finance, banking, capital markets, and analytics for banking and finance. The online program aims to prepare working professionals for the future by educating them about blockchain technology, cryptocurrency, and other innovations in the new BFSI environment. How does the program help working professionals? The objective of TAPMI’s MBA-BKFS course is to prepare students for managerial positions at top national and international banks and financial institutions. The demand for these graduates is increasing due to the transformation in the BFSI sector, which increases the need for highly skilled professionals. Graduates with suitable work experience and an MBA in BKFS might anticipate moving into managerial roles and receiving sizable compensation offers. The alumni status of the program will help individuals to develop a network of like-minded professionals and open up various networking opportunities which can ultimately help them land their dream job. This program is best suited for working professionals of different experience levels: 1-3 years: This program is well suited for early-career working individuals seeking a career in banking or financial management. 3-8 years: Mid-level to senior-level financial services and banking professionals who are keen to comprehend risk management and control in a changing business environment can opt for this. More than 8 years: Business executives in financial services and banking who are eager to learn more about the BFSI sector in this disruptive environment can enroll in this program. Also, this is beneficial to risk management consultants and finance experts who work in banks or fintech businesses or who work on similar clients/projects. To know more, read How TAPMI online MBA-BKFS electives help professionals tailor their career paths. What can you expect out of the program? With cutting-edge digital infrastructure, a thorough curriculum, and four electives pertinent to the industry, the program strives to create well-rounded leaders with banking and finance skills for the competitive world of today. Learners will have command over key topics, including blockchain technology in the banking sector, digital revolutions in the banking industry, and innovation in modern banking environments. Students will be able to upgrade their knowledge and abilities to meet the expectations of the BFSI sector with enhanced problem-solving, managerial, and leadership skills. This program aids experts in the field in improving their knowledge. Through this extensive program, early-career professionals can lay a solid foundation. Learners will be able to gain specialized knowledge and skills according to their chosen electives. Learners will have the opportunity to investigate a variety of career paths and fields, including capital management, investment banking, financial risk management, corporate finance, and treasury management. Learning outcomes of TAPMI’s online MBA-BKFS program Command over topics such as blockchain technology in the banking sector, digital revolutions in the banking industry, and innovation in modern banking environments Updated knowledge and abilities to meet the expectations of the BFSI sector with enhanced problem-solving, managerial, and leadership skills Provide specialized knowledge and skills according to the chosen industry-oriented electives Open various career paths in the BFSI sector, including capital management, investment banking, financial risk management, corporate finance, and treasury management Careers to explore after online MBA-BKFS Some of the careers to explore after an online MBA- BFKS course is mentioned below: Wealth management: The wealth management procedure is a comprehensive framework that takes a holistic picture of a client’s financial situation, including portfolio management, planning of finances, tax planning, and estate planning. Investment Banking: Investment bankers often work for brokerage firms, investment banks, or governmental organizations that oversee the country’s finances. Financial risk management: Managing possible and current financial threats at a company or organization using a strong strategic framework that could be able to prevent revenue loss is referred to as “financial risk management.” Financial analysis: All dimensions of a company’s capital planning fall under the purview of financial analysts, including estimating future expenses and profits, financial management, and financial structure. Credit risk analysis: To ascertain the possibility of the issuer meeting its obligations, an investor or bond portfolio manager may conduct a credit analysis on a business, government, municipality, or any other institution issuing debt. Treasury management: It is a management approach that aids in lowering the risks to your company’s finances, operations, and reputation. Fund investment and services: Individual and business consumers depend on investment fund managers for advice on selecting and disposing of investment trusts, shares, or bonds as wise financial investments. Asset Management: Asset management in the financial sector entails learning about the client’s financial objectives and then putting strategies like trading stocks, bonds, and resources to help the client achieve those objectives. Corporate banking: Corporate banking deals with transaction initiation, structuring, obtaining financing permits, and executing financial solutions for a portfolio of clients. Financial risk advisory: As implied by the position title, this person is in charge of identifying potential threats to the safety, continuity, and growth of the business’s finances. Investor relations: Investor relations (IR) provide factual information about the firm’s situation so that potential investors may decide whether or not to invest their money in the company. Financial compliance: For investors to feel secure in their investments, it is important to ensure that marketplaces are competing, open, and transparent. Wholesale banking: The target market for wholesale banking is huge enterprises, as opposed to retail banking, which serves customers and small businesses. Private banking: At financial institutions, private bankers provide services to clients with large and ultra-high net worth. Their main duties are managing the money of clients and offering guidance on how to invest it. Conclusion The online MBA-BKFS program by TAPMI available on the Online Manipal website is specially designed for working professionals and helps learners gain expertise in the fields of banking and finance, enabling them to improve their job opportunities. It also enables students to investigate managerial and executive positions. Through the online MBA program at TAPMI, students can gain a variety of real-world experiences that promote idea exchange and industry integration.
Supply Chain Analyst job role and salary The administration of the flow of goods and services, as well as the procedures that convert raw materials into finished items, is known as supply chain management. It entails the effective implementation of manufacturing and operational processes in a company’s supply-side operations in order to maximize consumer values and obtain a competitive edge in the market. For a business to be profitable, the supply chain must operate effectively and without hiccups, which is why supply chain analysis is so important. A supply chain analyst is a specialist who makes certain that a company’s supply and consumers’ demands are met. By lowering costs and boosting customer satisfaction, supply chain analysts aim to benefit all stakeholders. SCA salary in India can go up to ₹12.0Lakhs yearly and can be quite rewarding with various other benefits. Logistics for the movement of both products and people, software, warehouse operations, inventor work, etc., are all covered by supply chain management. Thus, it is a great career option for engineers and others from a production background. With the aid of their expertise and experience, supply chain management engineers carry out projects and contribute to the manufacturing of the items. You can also read Why choose an MBA in Supply Chain Management? Who is a Supply Chain Analyst? A supply chain analyst (SCA) is responsible for designing, assessing, and monitoring a company’s supply chain distribution to ensure items arrive at their destinations on time and in a cost-effective manner. Companies that have extensive supply networks that require frequent evaluation employ supply chain analysts. Through data gathering and analysis, supply chain analysts(SCA) increase the effectiveness of supply chain operations. The job responsibilities and duties of SCA include the following: Serve as the point of contact for several substantial purchases made outside of the corporation for projects. Organize and carry out significant initiatives. Analyze the inventory and procedures of a business to increase productivity and cut expenses. Track and gather information on ongoing activities, such as planning, procurement, storage, manufacturing, and delivery. Look at the process’s pain areas and come up with remedies to address disagreements and inefficiencies. To get the greatest deal and assure contract compliance, bargain with suppliers and transport companies. Obtain information on each stage of the supply chain, then use it to suggest adjustments to cut costs. Work together with other organizational departments to identify concerns with efficiency, come up with fixes, and put changes into place. Skills required to become a Supply Chain Analyst SCA skills are just like any other job role; one must have essential workplace skills in addition to technical skills. Below are some key skills an SCA should possess: Problem-solving and critical thinking: Develop and implement logistical strategies, respond to unforeseen challenges, and create cost-cutting and efficiency-boosting solutions. Good communication skills: To interact with cross-cultural teams and colleagues, including suppliers and customers, effective communication is required. Interpersonal skills: Coordination of complicated product movement between suppliers, warehouses, and buyers. Active listening skills and a love of people may be beneficial, especially as you advance in supply chain responsibilities. Knowledge of tools and technology: To manage all data on enterprise resource planning (ERP) technologies such as SAP or Salesforce and process it in a business-friendly manner. Organizational skills: These include the ability to keep track of records across many tools and systems while managing multiple tasks at the same time. Steps to become a Supply Chain Analyst Here’s how to get started as a supply chain analyst. 1. Earn your degree or certification If you wish to work as a Supply chain analyst, an online MBA in Supply Chain Management is your best bet. Because the profession of supply chain management is complicated, fast-paced, and demands managing many moving pieces, you need to have a solid technical understanding of programs like SAP, as well as a strong foundation in business acumen, problem-solving, and quantitative analysis. 2. Improve your skills Getting an SCA Certification might also be a good choice, as it will increase your chances of being hired. An SCA Certification can help you improve your supply chain management and analytics skills. If you believe you need to improve your communication abilities, you can enroll in public speaking courses or practice active listening at home or at work. If you need technical abilities, experiment with SAP or Excel. 3. Look for entry-level positions. You’re now ready to search for entry-level positions. Start by studying firms or organizations you’d want to work for, and then restrict your search from there. The manager of purchasing, warehousing, inventory, logistics, and distribution are among the top SCA Career prospects you can choose from. 4. Apply for the role Apply for the roles that interest you and align with your skill and experience. Create or update your CV and write an original cover letter for the supply chain analyst positions that interest you. Prepare for the interview to pass the interview smoothly and land the role. An online MBA in SCM from the reputed Manipal University Jaipur is the launchpad for your SCA career Due to their ever-increasing importance in company operations, a lot of companies are incorporating various supply chain management procedures and strategies into their organizations and are looking for competent and talented individuals. You can build domain-specific skills and increase SCA career prospects by enrolling in a 2-year MBA in supply chain management program from Manipal University Jaipur. Students may gain a global understanding of supply chain management with an emphasis on operations and logistics through the online MBA in Supply Chain Management program offered by UGC-recognized, and NAAC A+ accredited Manipal University Jaipur. It offers a structure for carefully focusing on the most important company activities and getting a clear understanding of all the various business processes. To know more, read What will you learn in an MBA in Supply Chain Management? Some of the benefits of doing an MBA from MUJ include the following: The program is designed to provide all-round business education that prepares individuals for the future. Students can learn at their own pace by exploring the extensive e-libraries, accessing the e-learning material whenever needed, and attending live or recorded lectures according to their schedule. The enhanced digital platform helps students gain a comprehensive learning experience and access lessons and class engagement even on low bandwidth Internet. The faculty at MUJ comprises experienced professionals who are experts in their field. The professors will assist you in articulating yourself professionally to help you succeed in your career. Learners also get placement assistance upon successful completion of their program. Conclusion In a competitive business climate, supply chain management has changed from being viewed as just another corporate function to being distinct. At every level of the supply chain management process, supply chain analysts are required. Supply chain analysts act as the company’s point of contact with its suppliers, who are frequently located abroad. Professionals with an MBA in supply chain management can get various employment opportunities. Enroll in an online MBA in supply chain management from a reputable institution like MUJ to advance your career in this highly desirable profession and domain.
Media ethics and their importance in the media industry Master of Arts in Journalism and Mass Communication (MAJMC) is a program that addresses news reporting, writing, editing, media law, ethics, and digital media. Coursework in public relations, media studies, and advertising may also be part of the program. Media ethics deals with moral and legal questions pertaining to the media, such as privacy, defamation, and freedom of the press. The program’s objective is to educate students for journalism, media, and communication jobs by giving them the information and abilities required to succeed in these disciplines. After completing the degree, graduates may pursue careers as journalists, editors, producers, or in other positions within the media sector. MAJMC skills aim to provide students with a comprehensive understanding of the principles and practices of journalism and mass communication, as well as the skills necessary to succeed in these fields. A few reasons MAJMC is popular among students include Excellent career options – There are numerous MAJMC career prospects. After pursuing journalism, one might begin their career in any industry, including newspapers, magazines, FM channels, production companies, and public relations agencies. Practical exposure – This course assists the student in exploring the world from the fresh perspective of a journalist or filmmaker and covering various events and stories. Additionally, it allows the pupil the flexibility to exercise all of their creative faculties. High-paying career – Jobs in media ethics rank among the highest-paid professions. Due to their importance to society, mass communication specialists get fair compensation. As for MAJMC salary expectations after graduating from any journalism and mass communication institutes in India, you may be eligible to earn an annual package of upto ₹644k/ year. Also read: Top career options after MA JMC Media ethics and their importance The term “media ethics” refers to ethical issues around how the media should use words and images supplied by the public. The subfield of media ethics deals with the particular ethical norms and principles of media, such as broadcast media, film, theater, the arts, print media, and the internet. The discipline includes a wide range of complex and divisive subjects. Promoting and defending moral principles like respect for all life, the rule of law, and legality are all part of media ethics. Media ethics is vital if you want to uphold a respectable reputation in your field, produce objective media material, and adhere to an ethical code that is consistent with the principles of your organization. Adhering to these rules may increase brand recognition and help your audience develop confidence in you. If you want to become a journalist, writer, or art director, or if you want to learn more about media ethics in mass communication, you should check into MAJMC online programs. Due to the collection of principles and ethics within this business, media ethics shapes how we perform our duties within the framework of mass communication. Media ethics, for instance, pertains to topics like impartiality, objectivity, balance, prejudice, privacy, and the public interest regarding news coverage. How does a MAJMC help you get a high-paying job? An MA in Journalism and Mass Communication curriculum covers more than just the media and publishing. There are several employment openings in the corporate sector, including those for business writers, public relations managers, copywriters, and proposal writers. Every business wants to make an excellent first impression; therefore, they employ public relations experts to manage their clients and daily operations. Freelancing is another alternative for work that has tremendous growth potential. It’s crucial to get the most outstanding education you can get to become a successful writer or editor to compete with other applicants. The MAJMC teaches all critical media and journalism theories and media ethics, all of which are necessary for landing a career in the sector. With only an undergraduate degree, you might be able to get some entry-level work, but if you want to advance in this sector, acquiring a master’s degree is definitely necessary. Pursue an online MAJMC from the renowned Manipal University Jaipur MAJMC is a two-year postgraduate degree in journalism and mass communication. Graduates who desire to develop the scholarly knowledge and practical skills required to pursue employment in journalism, public communication, and the media frequently choose this degree. Students who participate in the program learn a range of core abilities needed to appreciate the complexities and techniques of journalism and numerous related professions. The assistance and mentorship offered by qualified experts through MUJ’s online MAJMC increase the value of this program. The online MAJMC program motivates you to advance in your profession and direction. Enroll in Manipal University Jaipur’s MAJMC online program to pave the way for a productive career with room for advancement. Conclusion The world and media technologies are both changing rapidly. With the assistance of a degree in journalism and public communication, you have excellent opportunities. Since more minds equal more ideas, the industries look forward to the entrance of MA journalism and mass communication graduates (MAJMC), so they may combine their abilities to keep developing original content.
Healthcare management degree: A Path to better patient care The healthcare industry is not only advancing rapidly in terms of technology but has also undergone a myriad of transformations. It has evolved – from integrating analytical and audit software programs to offering comprehensive care under one roof. Thus, it has become essential for every professional working in the industry to have appropriate knowledge, skills, and hands-on experience in their work domain. Medical practitioners, managers, and inspectors require a certified degree from an accredited organization or institution. The healthcare management degree impact is the most on several industry verticals, including patient care. Suppose you want the best industry job opportunities without a medical background. Then, you must complete the program and earn a healthcare management degree from a reputed institute. However, before you make any decision, you must understand the wide range of benefits of having the degree and how it will help you consistently deliver the best patient care services. What is patient care? Patient care is more than providing the best healthcare infrastructure, food, or other things. Instead, it involves offering comprehensive care, conducting clinical and radiological examinations, and storing patient and treatment details as EHR. Before moving further and understanding the healthcare management degree impact on patient care, knowing the latter’s importance is crucial. To help you understand, we have described why patient care is crucial for every healthcare business. Appropriate patient care brings a positive attitude toward the healthcare institute and helps in branding. Therefore, most organizations invest a huge sum in patient care. Providing comprehensive patient care is essential to take the treatment experience to the next level and meet the expectations of patients and their families. Healthcare organizations focused on patient care assure families about top-notch treatment and care with a faster recovery rate. Whether it is storing electronic health records in the database without redundancy or running data audits, several tasks must be performed with data. Patient care plays a crucial role, allowing organizations to handle data carefully. Investing in patient care allows healthcare organizations to meet industry standards and compliances. Therefore, they won’t have to worry about legal problems due to non-compliance. Benefits of having a healthcare management degree for patient care Now that we have discussed what patient care is, it’s time to understand the benefits of a degree in healthcare management. As said earlier, patient care involves much more than what meets the eye, with most operations involving the backend departments. People with no appropriate degree and skillset cannot enhance patient care and overall experience. Owing to this, the demand for healthcare management courses has skyrocketed in recent years. Below, we have described the advantages of developing healthcare management skills in patient care. Improving hospital operations and efficiencies The hospital is more than just a place where people get themselves treated. Instead, it involves a lot of operations other than doctor consultation, physical and radiological examination, indoor treatment, and so on. For instance, the hospital must ensure that front desk operations, such as patient admission or registration and insurance claim, are handled quickly and accurately. Similarly, the hospital needs to ensure the housekeeping services are adequately managed and that new medical instruments and supplies are stocked appropriately. Therefore, you need to acquire a degree in healthcare management to streamline and enhance operational efficiency. Enhancing patient experience and satisfaction Once you get one of the best healthcare management jobs, you will realize how big a difference your degree makes in patient satisfaction and experience. You will gain a lot of knowledge on handling various patients, maintaining a proper lifestyle, keeping all their information confidential, and so on. Therefore, you can analyze and improvise the patient care strategies and operations to ensure everyone has the best experience. For instance, you can establish a central monitoring system for all the patient vitals in the ER to monitor the vitals of all patients on a large screen. This way, they can take the necessary steps to save someone’s life. It will automatically enhance the patient experience and satisfaction at several levels. Implementing effective patient safety measures It is crucial for every professional working in healthcare management patient care to maintain effective security measures. These methods must comply with industry standards. For instance, you need to ensure all the supplies and furniture in the hospital are latest, with no sign of damage. Similarly, you can leverage technology to manage important patient information and limit access to prevent fraud. Developing and managing health information systems One of the significant ways you can become successful in healthcare management career opportunities is by developing and managing information systems. For instance, you can integrate a database with the front desk software and connect it to all other apps. Once the records are updated in the front desk software, the details are stored in the database. After this, everyone can extract the information to complete their tasks. You may like to read about the role of data science in healthcare. Improved quality of care and outcomes You will only be able to provide the best care and results to your patients once and if you have the proper healthcare management skills. This is because you will need to learn about identifying errors and bottlenecks in hospital operations and processes. If they become obsolete or inefficient, maintaining patient care quality will not be possible. Enhanced patient safety and patient-centered care When you get healthcare management jobs for patient-centered care, you must implement your knowledge to enhance the infrastructure and patient safety. From checking for damages in the instruments and furniture items to stocking the pharmacies with life-saving and emergency drugs, you can enhance the safety statement of the hospital unit. More effective health information management Managing healthcare-related information is difficult, especially considering PII or private patient data. You need the database and several other tools to store and synchronize the datasets across all platforms. As a result, you must focus on acquiring a healthcare management degree. Better utilization of healthcare resources Last but not least, you can easily manage all the available healthcare resources and ensure they are deployed to the right place at the right time without any hassle. For this, you need to get a degree in healthcare management. Job types and salary packages for a healthcare management degree Job typeSalary package (INR per LPA)Healthcare Administrator3,67,000Assistant Health Manager3,94,000Social Media Director4,50,000Clinical Research Manager12,51,000Nursing Home Administrator1,02,000Clinical Manager9,00,000Source: Glassdoor Conclusion In this article, we have shared the benefits of developing healthcare management skills in patient care. As a professional, it is your responsibility to assure patients of 100% experience and safety while dealing with sensitive data appropriately or streamlining operations. Thus, completing an MBA in Healthcare Management from Manipal Academy of Higher Education (MAHE) at Online Manipal is crucial for every professional. The course will teach you ways to impart better patient care in theory and to practice it on-site. Key takeaways: Patient care is comprehensive and delicate, including the treatment process, handling confidential data, ensuring maximum patient safety, and offering the best experience. Most healthcare management jobs require professionals to improve patient care by streamlining hospital operations, enhancing patient experience, and so on. A healthcare management degree significantly impacts patient care processes and outcomes.
