Robots vs Humans: The fight for supremacy

Posted on December 12, 2019Categories Algorithms, Analytics, Artificial Intelligence, Blockchains, Cybersecurity, Data analytics, Digital currency, Internet of Things, Payment solutions, Robo advisor   Leave a comment on Robots vs Humans: The fight for supremacy

There were times when we dreamed of seeing robots doing jobs for us. Little did we know that along with making life easier for us, robots will steal our jobs. Some might argue that companies should stay loyal to its employees the same way its employees were loyal to it. Companies don’t mind taking that path, but it comes at a huge cost of losing ground to competitors. Most of the sectors out there have companies competing for supremacy, and technological changes are their path to success.

In order to stay relevant in a particular market, it is important to adapt to changes that bring efficiency and productivity.

This is also the case in the world of finance. The recent years have seen some dramatic changes in the financial sector, where robots have taken over some routine jobs. If you think this is bad news for people putting in years of work for these jobs, think again. Technology is not slowing down, and  robots are going to keep replacing many job functions.

Today, the usage of Artificial Intelligence (AI) is not breaking news. These technologies have been implemented in the capital markets. The use of such algorithms has resulted in automation of jobs in the global financial landscape.

The threat faced by the human financial experts is not simply based upon the fact that robots are way more efficient in all terms as compared to humans. It is also a fact that these experts are not trained to work alongside AI technologies.

Global financial executives and managers are aware of the changes that have taken place and the changes that are set to follow. A lot of these analysts are ready to welcome the changes by getting trained and skilled in the techniques, so that they get a chance to work using AI technologies  and remain in the position. It is quite evident that panic is setting in among professionals and the only way is to adapt and overcome.

Financial market traders, analysts, and a few other professionals are very well aware about the current. Fintech has ensured that most banking and finance facilities are now available at the fingertips of customers. Earlier, what used to take hours of standing in a line at banks is now replaced by sitting comfortably on your couch and takes a few seconds of your day.

On one hand, you have the ease of operations such as transferring money through Fintech apps, trading stocks from your phone, paying for commodities through mobile paying apps, and tones of other functions.

Apps like PayTM, Zerodha, PayZapp, etc are some wonderful examples of technology replacing many human functions. These apps today allow us to transfer funds, accept payments, buy and sell shares, mutual funds and many other market securities – from the comfort of our homes. These were tasks which would otherwise take a long time – as it involved us going out to banks and the broker’s office!

On the other hand, people are losing jobs because their jobs have been replaced by machines. This is an opportunity for us to upskill and get competitive as an economy.

Conclusion

The only thing permanent in this world is change. Embrace it! The overhaul that is set to take place in the financial industry is going to be rapid, and 10 years down the line, we will be witnessing changes that we never thought of.

Changes are going to happen whether you like it or not. We, at BSE Institute Limited truly believe in change and helping future experts adapt to these changes. With our GFMP Edge FinTech Professional program, get ready to be part of a disruptive new field that will change the way we live. This is your chance to be an expert, and bag high paying jobs in finance! Change, before you are forced to change!

Is Data Science the right step for you?

Posted on November 7, 2019Categories Algorithms, Analytics, Artificial Intelligence, Blockchains, Data analytics, Digital currency, Executive Courses, General, Internet of Things, Robo advisor   Leave a comment on Is Data Science the right step for you?

Every day is a tech-fest. New technologies, new updates to existing technologies, and hefty increase in investments in research and development. Data Science is a completely new industry that uses many tools that help an MNC multiply its business with ease.

You may have come across terms like data science, data analytics, big data, predictive analytics, etc which will herald a completely new industry with high paying jobs and a secure career. This is definitely true, as big data is helping many businesses sell much more than what they were used to selling. There are companies that are hiring data analytics professionals, because this will increase their efficiency and save them billions of Dollars in wasteful expenditure!

Before you get too excited, let’s answer a few basic questions.

 

Is Data Science right for you?

A person who doesn’t enjoy his work will be tempted to try a different opportunity instantly. Moreover, a field like data science is paying quite well, due to a dearth of skilled talent.

Let’s settle this by saying, you’re not going to succeed in this field if you don’t have the aptitude for it. You need to have a strong aptitude for mathematics, statistics and common logic for succeeding in this field.

 

Which skills does the industry need?

A Data Analytics division can be sub-divided into different categories.

  1. One of them is data analysis. It involves analyzing raw data, and ultimately getting actionable insights that can be used by the senior management for critical decision making.

A person who enjoys solving complex business issues is sure to succeed here.

  1. The next category is Business Analysis. Managers with business exposure and who regularly take business decisions are an ideal match for this. More data gives them a better picture and lets them act using information.

 

  1. The final category, which is definitely the most important one – is that of data scientists. They are the some of the best paid professionals in India and the World. Every Data Analyst and Business Analyst hopes to grow and attain this position. This requires certain standard of skill set, specialized training, and a statistical problem solving approach that matches this job. Having a few years of experience as an analyst is useful. Data Scientists are usually the ones designing key analytics models that help in understanding the industry, consumer markets and consumers themselves.

 

Entering the industry

Candidates who have practical experience are always preferred over the ones with academic knowledge. When it comes to academics, a candidates with a background in Mathematics, Engineering, and Statistics might have an edge over the rest. These are a few streams which skills which are useful for Data Analytics.

Where to start?

To get a better idea of what Data Analytics has, you could simply opt for one of the online courses on data analytics by bsevarsity.com. Along with that, assess yourself and gain skills that could help you be better to be industry ready.

Conclusion

We are part of a fast moving world, that demands everyone to be versatile. To keep you up with latest industry trends, BSE Institute Limited and IIT Madras offers a Business Analytics Program to nurture the budding data scientists.

A Master’s in Finance gives you the best #Brexit deal: A job in Europe

Posted on August 5, 2017Categories Internet of Things, Investment Banking, MBA, Mergers & Acquisition   Leave a comment on A Master’s in Finance gives you the best #Brexit deal: A job in Europe

One of the most hotly debated topics in Europe since 2016 has been #Brexit, .i.e. the British exiting the European Union. The United Kingdom decided to have a referendum about their future in the European Union (EU) and they voted decisively to leave the EU. The EU is a union of 28 European countries that are closely bound to each other due to open trade, borders, single visa and the ability to negotiate treaties on behalf of all 28 countries.

Any citizen of the EU can travel to any of the 28 countries without the need to apply for any visa or special documents. This allows them to work and reside in any country of their choice. They will also be eligible for all the subsidies and benefits of the host country. Any business owner need not have to adhere to any special law or treaty to export to any other country of the EU. He can easily send and sell his goods to any country of the EU as if he were doing so in his own country. The EU’s customs union has set the laws for taxation and pricing of all goods and services that are offered in the EU, thus making it easy for everyone to do business in the EU.

An expat needs to get a Schengen visa in order to travel and work to the EU, a visa that is valid for all 28 countries. This had made doing business in the EU very very easy. However, with Brexit, there is a lot of uncertainty now. UK has the most important finance hub of the World, London. People want to know how Brexit will impact it. A lot of businesses would choose to park their funds in London due to multiple benefits that are available for business owners and also because they can easily run their businesses all across Europe from here.

However, now the usual way of doing business has been shaken up as UK’s exit will usher in new rules that govern working in the UK, doing business with the UK and most importantly trading with the UK as imports and exports are a very important sources of jobs for any country.

For students planning to go and study abroad, this has become a very tough situation as now they are not sure if they are still welcome in the UK & the EU. We cannot be sure about the UK, but students are welcome in the EU. The EU is not as big as the UK in terms of being a financial hub. It depends heavily on UK. Without UK, it now has to build its own financial hubs all over the continent in order to support every industry that conducts business.

It is for this reason that the EU is welcoming students who can support its growing financial industry, its banking sectors and its Fintech startups. Completing an MBA or a Masters in Finance in a EU country is the best way to secure a job with a fat pay package. A 2 year Masters in Finance which is jointly offered by BSE Institute Ltd & the Frankfurt School of Finance & Management gets students a 2 years work search visa after they complete the course. The course has an average starting salary of Euro 50,000. That is approximately Rs 38 lakhs. Extremely rewarding if you ask me!

Most students are afraid of shifting to any country due to the fluid nature of global politics, but any government which takes any steps has to first announce its intention to make changes at least a year in advance in order to make changes to the visa and immigration policies.

Most students who visit the EU for studies are able to settle easily and now with the onset of Brexit, it will be easier as the EU is desperately in need of skilled talent to build its financial services sector. Brexit is a once in a lifetime opportunity for us and most opportunities knock on the door, but only once!

 

Zoom ahead of normal MBAs (Finance) with a Masters in Financial Technology

Posted on July 11, 2017Categories Algorithms, Analytics, Artificial Intelligence, Blockchains, Cybersecurity, Data analytics, Digital currency, Education, Internet of Things, Investment Banking, MBA, Payment solutions, Robo advisor   Leave a comment on Zoom ahead of normal MBAs (Finance) with a Masters in Financial Technology

Having an MBA in finance is something that everyone agrees is the best way to a good well paying career. The question is, do we wish to stop at that, or be open to better opportunities? If you believe in the latter, then a Masters in Financial Tech is the course for you. Technology has disrupted every industry & aspect of the modern world. Shopping, healthcare, education and BFSI is no different.

With the advent of digital banks, payment gateways, cryptocurrencies, etc. banking has become super easy and threatens to take the financial power out of the hands of traditional banks and financial institutions. In order to stay up to date, banks have been investing billions of Dollars in fintech. While it has been easy for them to set up the systems, it has been very tough to build a team or an organization of people who can handle these systems. The reason being that such professionals are not available in the numbers that the industry needs. Fintech professionals are able to command  handsome salaries because of this.

BIL and Mumbai University, now jointly offer a 2 year full time Masters in Financial Technology. The course is divided into 4 semesters and is open for all students who have completed their graduation. The course has been designed to make students competent in not just financial technology, but also in the subjects that an MBA (Finance) would be proficient in. In short students will be able to manage fintech business divisions on their own and be able to understand the tech that runs it. Students will have to clear a written test and a GD PI round to secure admissions.

Student will be taught by working industry professionals who have at least a decade of work experience under their belt and are highly sought after finance professionals. They are opinion makers who are regularly quoted in media and are placed at senior echleons of the BFSI sector. Students are taught using case studies, group discussions, presentations that are developed on the basis of recent business problems. This promotes an interactive atmosphere in classrooms and builds a proactive nature and a critical thinking ability, both of which are very important for the BFSI industry.

The main subjects of the course are Financial Accounting, Business Statistics, Data Analysis and Interpretation, Principles of Financial Management, Peer to Peer networks, Blockchains, Digital currencies, Insuretech, Derivatives, Fund Management, Robo Advisors, Algorithmic Trading, Banking Technology & Operations, Cybersecurity applications and entrepreneurship management. Students will get to train under some of the best industry professionals working at major financial institutions.

BSE Institute Ltd (BIL) is a 100% subsidiary of the Bombay Stock Exchange Ltd (BSE) offers a variety of courses related to Financial Markets and the BFSI sector. Through BIL, BSE aims to promote learning and development in the field of Banking, Financial Services and Insurance (BFSI). It aims to be the platform of choice for working executives, the industry and students to gain the appropriate knowledge and skills for them to identify market opportunities and grow. It has the distinct advantage of being at the centre of the Indian subcontinent’s financial capital and thus take advantage of its position to support the industry and the community at large.

BIL offers multiple short term & long term courses for students who wish to build their careers in the BFSI sector. Its courses are recognized internationally in Canada, UK, Germany, Australia & New Zealand. It has won multiple accolades and has been cited in the various media publications for the outstanding training and education provided to students.

Mumbai University was founded in 1857 and has over 5 lakh students on its rolls at any point of time during an academic year. It is one of the oldest, largest and the most prestigious learning institutions of India. Due to its illustrious legacy, it counts on its alumni, many of whom lead illustrious organizations and industries, for designing its curriculum and providing guidance to its students.

Mumbai University offers a Masters degree to students who successfully complete the 2 year course in Financial Technology. Students will also be given placement assistance on completing the course. You can click here to know more about the course.

 

 

 

 

Kickstart your career at a management level & not as a fresher with a Masters in Financial Technology

Posted on June 26, 2017Categories Entrepreneurship, Financial Markets, General, Global finance, Indian Economy, Internet of Things, Investment Banking   Leave a comment on Kickstart your career at a management level & not as a fresher with a Masters in Financial Technology

One of the biggest advantages of the 21st century is that no knowledge is out of reach. If there is anything that one wishes to learn and be the best at it, they can do it anytime, any place and anywhere. The downside to this is that skills that are scarce today are available in plenty tomorrow. It is therefor necessary to have a sound understanding of not just one, but at least of couple of important industries and their businesses.

Technology is one of the most important function of any organization today as it has practically changed the way any business is done. Finance is one of the last industries to be disrupted, but considering the impact that the world of Finance has on economies all over the World, it is important to situp and take note of the way the industry is changing. The biggest challenge that major banks and financial institutions face is their inability to hire large number of talented professionals for managing these businesses, due to the unavailability of skilled professionals. The industry desperately needs professionals who understand financial markets, banking and technology.

BSE Institute LTD (BIL) is a 100% subsidiary of Bombay Stock Exchange (BSE) and has over a decade’s experience in providing training to students and working professionals in the field of Insurance, Banking and Finance. BIL offers multiple short term and long term courses for beginning their career or moving up the corporate ladder. BIL has won multiple education awards nationally and globally for the high quality of education and training provided by it. BIL courses are recognized globally in countries like UK, Germany, Australia, Canada, New Zealand, etc. This gives students an opportunity to visit these countries under student exchange programs.

BSE Institute Ltd (BIL) and Mumbai University jointly offer a 2 year Masters in Financial Technology. The course is designed to equip students with a sound understanding of Banking, Financial Services, Insurance and Global Markets with a focus on the way technology is disrupting the traditional way of doing business. The course concentrates on major financial theories and concepts a student is expected to know after his MBA/ Masters in Finance coupled with the contemporary way of doing business.

The course is designed around subject like Financial Accounting, Business Statistics, Data Analysis and Interpretation, Principles of Financial Management, Peer to Peer networks, Blockchains, Digital currencies, Insuretech, Derivatives, Fund Management, Robo Advisors, Algorithmic Trading, Banking Technology & Operations, Cybersecurity applications and entrepreneurship management.

Students can also learn day trading in a simulation lab, that lets them conduct mock trading at real time prices. This gives students a feel of what they can expect if chosen for a certain type of job. Students will also be a part of a summer internship, where they get to train at the best financial institutions and banks, and under some of the best professionals of the industry.

Mumbai University was founded in 1857 and has over 5 lakh students on its rolls at any point of time. It is one of the oldest, largest and the most prestigious learning institutions of India. Due to its illustrious legacy, it counts on its millions of alumni, many of whom lead illustrious organizations and industries, for designing its curriculum and guiding students.

Mumbai University offers a degree on successful completion of the course. Students will be provided with placement assistance on completing the course. Click here to know more about the course.

Transform yourself to be an achiever in a highly competitive industry with a Masters in FinTech

Posted on June 18, 2017Categories Cybersecurity, Data analytics, Digital currency, Education, Financial Markets, Internet of Things, MBA, Mergers & Acquisition, Retail banking, Robo advisor   Leave a comment on Transform yourself to be an achiever in a highly competitive industry with a Masters in FinTech

There is one industry which has been dominant throughout the World in every economy cutting across decades, It is Finance. Finance is what truly impacts all major economies and industries of every colour/ shape/ size, as without Finance, it is impossible keep the factories running. Due to this influence, Finance is the most complex and competitive industry of the World. With the addition of technology to this industry, it has become even more competitive as all old rules are being broken and business model are getting disrupted. It is slowly squeezing out the ones who are not prepared for this technological revolution. In this fast paced, cut throat world it is even more important to have yourself updated and up to the mark. Hence, one must take all efforts to learn the skills and get groomed with the upcoming trends.

Keeping this very thing in mind, the BSE Institute Ltd (BIL) has introduced a Masters in FinTech by collaborating with the University of Mumbai, th oldest and the most prestigious institution of the Indian subcontinent.

The Bombay Stock Exchange Ltd is a 141 year old institution that is Asia’s first stock exchange & the fastest and the largest stock exchange in World. BSE Institute Ltd (BIL) has been a pioneer in promoting a platform for genuine training and education in Financial Markets and BFSI sector. BIL is a 100% subsidiary of BSE Ltd that benefits from the vast experience of BSE. BIL is a leader in providing current and evolving standard operating procedures for business, which has given programs that reflect the realities of the industry. BIL offers multiple courses related to the BFSI industry and the Masters in Financial Technology is one such course that helps students grow in the industry of their choice.

Mumbai University is one of the oldest and the most prestigious Universities’ of India, which was established in 1857. The University has over 5.5 lakh students enrolled at any given point of time.It has the distinction of training and grooming some of the most distinguished pesonalities of the country from almost all walks of life. Adi Godrej, Anil Ambani, Mukesh Ambani, Azim Premji, Chanda Kocchar, etc. who are all well known and established names of the business World have Mumbai University as their Alma Mater.

The faculties for the course include some of the most respected names of the BFSI industry. They are sought after professionals who are venerated opinion makersof the industry who are consulted before designing the curriculum of any course. The course is taught using a blended learning technique that ensures that students get a good view of how the industry works while they are in college. Students are taught using business case studies, presentations and group discussions on a daily basis.

The main subjects of the course are Financial Accounting, Business Statistics, Data Analysis and Interpretation, Principles of Financial Management, Peer to Peer networks, Blockchains, Digital currencies, Insuretech, Derivatives, Fund Management, Robo Advisors, Algorithmic Trading, Banking Technology & Operations, Cybersecurity applications and entrepreneurship management. Students will also get to train under some of the best industry professionals working at major financial institutions. This is a golden opportunity for students to display their competence and land a lucrative pre-placement offer.

All students will be given placement assistance. Students will be awarded a degree by the University of Mumbai. Students can learn more by clicking here.

Lead the technology revolution that promises to disrupt the financial world with a Masters in Financial Technology

Posted on June 12, 2017Categories Algorithms, Analytics, Global finance, Internet of Things, Investment Banking, MBA, Mergers & Acquisition, Payment solutions, Retail banking, Robo advisor   Leave a comment on Lead the technology revolution that promises to disrupt the financial world with a Masters in Financial Technology

Major financial institutions and banks are worried about the direction that retail banking, payment solutions and every other financial facility that is used on a major scale. They are worried as startups are able to use technology that can bypass them to provide services to the masses at a fraction of the cost offered by them. Most importantly, these services are easy to use and sign up to, with very little documentation and procedure. In order to support the financial industry, startups and banks, Governments across the World are setting up hubs to promote these services. The challenge that many students face is how does one enter these industries. With BSE Institute Ltd (BIL), you can now do this easily.

BIL and Mumbai University, now jointly offer a 2 year Masters in Financial Technology. The course is divided into 4 semesters and is open for all students who have completed their graduation. Students will have to clear a written test and a GD PI round to secure admissions.

Students who successfully complete this course will be competent in handling all financial operations and management level work that an MBA would be expected to do. In addition to this, students will also be fluent in managing all Financial Technology related operations like Blockchains, Cryptocurrencies, Algorithmic Trading, etc.

Student will be taught by working industry professionals who have at least a decade of work experience under their belt and are highly sought after finance professionals. They are opinion makers who are regularly quoted in media and are placed at senior echleons of the BFSI sector. Students are taught using case studies, group discussions, presentations that are developed on the basis of recent business problems. This promotes an interactive atmosphere in classrooms and builds a proactive nature and a critical thinking ability, both of which are very important for the BFSI industry.

The main subjects of the course are Financial Accounting, Business Statistics, Data Analysis and Interpretation, Principles of Financial Management, Peer to Peer networks, Blockchains, Digital currencies, Insuretech, Derivatives, Fund Management, Robo Advisors, Algorithmic Trading, Banking Technology & Operations, Cybersecurity applications and entrepreneurship management. Students will also get to train under some of the best industry professionals working at major financial institutions. This is a golden opportunity for students to display their competence and land a lucrative pre-placement offer.

Mumbai University was founded in 1857 and has over 5 lakh students on its rolls at any point of time. It is one of the oldest, largest and the most prestigoius learning institutions of India. Due to its illustrious legacy, it counts on its millions of alumni, many of whom lead illustrious organizations and industries, for designing its curriculum and guiding students.

BSE Institute Ltd (BIL) is a 100% subsidiary of the Bombay Stock Exchange Ltd (BSE) offers a variety of courses related to Financial Markets and the BFSI sector. Through BIL, BSE aims to promote learning and development in the field of Banking, Financial Services and Insurance (BFSI). It aims to be the platform of choice for working executives, the industry and students to gain the appropriate knowledge and skills for them to identify market opportunities and grow. It has the distinct advantage of being at the centre of the Indian subcontinent’s financial capital and thus take advantage of its position to support the industry and the community at large.

BIL offers multiple short term & long term courses for students who wish to build their careers in the BFSI sector. Its courses are recognized internationally in Canada, UK, Germany, Australia & New Zealand. It has won multiple accolades for the outstanding training and education provided to students.

Mumbai University offers a Masters degree after completing the 2 year course in Financial Technology. Students will be offered placement assistance on completing the course. Click here to know more about the course.

Speed up the corporate ladder with a specialization in managing FinTech with a Masters in Financial Technology

Posted on June 9, 2017Categories Internet of Things, Investment Banking, MBA, Payment solutions, Robo advisor   Leave a comment on Speed up the corporate ladder with a specialization in managing FinTech with a Masters in Financial Technology

The only thing permanent is change and this is what we millennials of the 21st century believe in and live by! The biggest changes earlier happened during the industrial revolution and today with Google, we are facing an information revolution – a revolution that lets us innovate provided we are ready to work with technology. Technology is changing everything – the way we shop, eat, order goods, book hotels, travel, study and now banking and investing! The disruptive force of technology is what financial institutions want to harness and use it to their advantage, but unfortunately, we do not have enough trained professionals in the industry.

BSE Institute Ltd (BIL) is a 100% subsidiary of the Bombay Stock Exchange (BSE). The institute is at the centre of the country’s financial capital and is best placed to help students get a close view of the way the industry works.It was started to provide industry relevant skills and knowledge to students and working professionals. The courses and their curriculum are designed in collaboration with the industry in order to groom professionals with skills that are in great demand.

BIL and the University of Mumbai offer a 2years Masters in Financial Technology course. The course is spread over 4 semesters. The major subjects of the course are Financial Technology, Blockchains, Cybersecurity, Big Data, Data Analytics, Business Statistics, Financial Accounting, Markets – Equity, Debt, Derivatives, Commodity, Forex, Cryptocurrencies, Fundamental & Technical Analysis, Investment Banking, Private Equities, Fund Management, etc. Students will also get to intern with a major financial organization during the summer.

Students will be taught by working industry professionals who have decades of years of experience amongst them. They are highly respected and sought after opinion makers of the BFSI industry and teach using techniques that promote maximum student participation and interaction with others. The subjects of the course will be taught using case studies, presentations, industry projects and group discussions.

Mumbai University founded in 1857 is one of the oldest University of India. It has over 5 lakh students studying under it at any point of time. Its alumni are some of the most well-known professionals of the industry and support the university in developing the courses and curriculum.

Mumbai University offers a Master’s degree on successful completion of the course. Students will be provided with placement assistance at the end of the course. Click here to know more about the course.

AI and Fintech can help you ANTICIPATE competition and beat it

Posted on April 7, 2017Categories Analytics, Artificial Intelligence, Global finance, Internet of Things, Retail banking   Leave a comment on AI and Fintech can help you ANTICIPATE competition and beat it

Financial behemoths and major business houses around the World are now waking up to the possibility of an earthquake in the way we conduct business. With evolving technology large corporations understand the need to employ more of Fintech, Artificial Intelligence and IoT to serve their customers better. This troika promises to serve more customers in the same amount of time, but at a fraction of the cost and deliver a better service to the consumers. The financial world which relies heavily on the data that is generated everyday for its key decisions, needs to be able to sift out the relevant data and take appropriate decisions.

But wait, what if all this gets done by a software in a fraction of a second? Won’t that change the time you take to book a profit? It will! You can use a fintech software that runs on AI to get the data, make informed decisions, invest accordingly and book profits. Algo traders and robo advisors today allow High Frequency Traders and individual investors to book profits based on the best practices that give better returns on investments. The same way AI is able to study data and make suggestions or provide a SWOT analysis about where your business is strong or weak or where you may face competition. This shall let you take the steps necessary to fend off any challenge to your market position.

Imagine sitting in your office and being able to understand market dynamics and the threats that you face. This knowledge is invaluable and any person who understands and runs these systems will be a very valuable asset for any organization. As these industries grow, they will need many skilled professionals for handling their operations. The time is ripe to dive into these industries.

Skills needed to protect an organization from a cyber attack

Posted on April 5, 2017Categories Algorithms, Artificial Intelligence, Cybersecurity, Education, Internet of Things   Leave a comment on Skills needed to protect an organization from a cyber attack

A recent report said that over 2/3rds of all major firms in the UK with a lot of data online were targeted by hackers in 2016. Their main targets were the ones with a lot of data about markets, ones with a lot of individual consumer data and major financial institutions. At one point of time learning English was considered to be a must for securing a job or having a steady future. You can now add learning coding, programming and cybersecurity to that list.

Almost everything that used to be offline, is now moving online. Banks, education, shopping, recreation, etc. have all successfully migrated online and shall cease to resemble what we knew those industries as. With new opportunities come new challenges. Just like in the old days, we still face criminals who try to make a quick buck by stealing money or stealing things that are worth a lot of money. Protecting all our valuables in the digital world has to be our top most priority. Are there any skills that are valued over the others and can help one prevent such frauds? Let’s see –

  1. Ethical hacking – Ethical hacking is about hacking a website/ network with a company’s permission and presenting it with the vulnerable parts or areas that hackers can target. Hacking before someone else and making the company aware is what ethical hacking is about. The reason why these guys are called hackers is that to beat a hacker – you need to think like a hacker.
  2. Artificial Intelligence – Any mobile app that we use is AI. Artificial intelligence is primarily used to think like us without getting fatigued. AI aims to do all those tasks that we do, but without the human error. AI is also useful in preventing hacks as one is able to automate processes and look for vulnerable spots within the network. This saves a lot of time, money and energy.
  3. Internet of Things – IoTs are basically devices that are connected to each other through the internet. Being able to switch on or off your A.C before reaching home or leaving your house is the best example for it. However, there is barely any security for it. Imagine the drones that are used by the defence forces for surveillance getting hacked. That is a complete disaster. Knowing your way around IoT is also bound to help you have a secure network and environment.

In an age where cyber defense is being considered as important as the Army, Navy & Air Force getting the skills mentioned above are of utmost importance.