Tag Archives: best mba university in jaipur

The World of Financial Analytics at JKLU……….Aka, Big Data, data Science and Business Analytics

Where the mind is without fear and the head is held high, ……
Where tireless striving stretches its arms towards perfection, ……
Where the clear stream of reason has not lost its way into the dreary desert sand of dead habits; ……

~ Rabindranath Tagore

The above lines by Nobel Laureate Guru Rabindranath Tagore aptly sum up the current trend in management education worldwide – India, being no exception. Big Data, Data Science and Business Analytics has taken the globe by storm. According to IBM, “every day, we create 2.5 quintillion bytes of data — so much that 90% of the data in the world today has been created in the last two years alone. This data comes from everywhere: sensors used to gather climate information, posts to social media sites, digital pictures and videos, purchase transaction records, and cell phone GPS signals to name a few. This is big data”. JK Lakshmipat University, best MBA University in Jaipur and having best private engineering college in Jaipur has two constituents – Institute of Management and Institute of Engineering which hold a gamut of year round activities. These too, generate a lot of data which contributes to this big data ocean. Continue reading

Finance Specialization at MBA Programme of JKLU

In the fast paced and dynamic world of today, if something has not changed – it is Finance! Money still rules the World! The World is divided between haves and have-nots; i.e., those who have money and those who have not! After the recession of 2008, how we manage our Finances became quite important. The 2008 sub-prime crisis occurred due to the special financial instruments which few could understand! In the year 2015, with the crash in commodity prices, especially oil, countries like Saudi Arabia, Kuwait, Venezuela, etc. stared at declining oil revenues. In order to maintain their living standards, they started planning how to conserve their dwindling foreign exchange reserves and looking out for newer avenues for raising Finances! Again, in 2015, the World saw negative interest rates for the first time in Asia, starting from Japan! This unconventional monetary policy tool was used by Sweden’s Central Bank in July, 2009 for the first time. It means that for keeping money with the bank, don’t expect to receive any interest; in-fact, in reverse, one needs to pay bank for the same. And the borrowers receive interest for taking loans! All this calls for an understanding of Finance as an enabler, creator and conserver of money and fortune! The top class Finance Faculty at Institute of Management, JK Lakshmipat University, the best MBA University in Jaipur make the same understanding – a child’s play!

According to Investopedia, “Finance is the science that describes the management, creation and study of money, banking, credit, investments, assets and liabilities. Finance consists of financial systems, which include the public finance, corporate finance and personal finance, and the study of finance and financial instruments, which can relate to countless assets and liabilities.” In older times, barter system was used which took care of the payments – but, it had limitations. In modern times, currency in form of notes and coins took the place of barter system. Of late, the use of digital cash is on rise. Similarly, the simple notions of money, banking, investments, assets and liabilities have undergone a dramatic change in the last decade or so. Continue reading