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5 Things Every Job-Seeker Should Know about Artificial Intelligence

5 Things Every Job-Seeker Should Know about Artificial Intelligence

Artificial Intelligence is clearly the buzzword today.
Everyone is discussing about its aspects and evaluating its pros and cons to the best of their interests.
While AI is the newbie masses are going ga-ga over, it is speeding up faster than one anticipated.
AI has conveniently paved its way into our lives. Knowingly or unknowingly we use it seamlessly in the basic chores.
Anyone who has used a Smartphone is bound to have come across AI in some way or the other.
It won’t be erratic to say that the machines are now becoming as intelligent as humans, which is both astonishing and alarming at the same time.
There is a wide plethora of hush-hush revolving around the future job opportunities etc.
Though a precise future is unpredictable and could be either favorable or destructive, there are certain aspects that the aspiring job seekers could keep in mind:

1. AI won’t take away your job
Contrary to the pessimistic belief, AI will not take away the job of humans. In fact, it will create amplitude for additional job opportunities and ignite the need to employ more and more people under its garb.
Right from research, technology, implementation, integration, innovations etc., there will be reasonable demand for people to work under advancement and expansion of AI.
For clearer understanding, AI could be regarded as a separate department similar to the various departments functioning. Thus, like the latter, there will be people working in the AI vertical.
More than elimination of jobs, a rendition of jobs will be experienced.
Though there could be loss of few human jobs at grassroots level wherein the work is now gradually being conducted by bots.
The integration of AI is done to get rid of mundane and boring work conducted by humans which becomes automated and free of error.
For AI to not be a threat to your job, one must evolve, work smartly and match pace with AI. If you lag, you may unfortunately have to bear the brunt.
The ratio of new jobs and opportunities created, however, will be far more than jobs getting eliminated due to AI.
2. AI won’t destroy you
If you’ve believed the sci-fi movies, AI enabled robots, according to you, will perform horrid tasks which can create havoc on human race ultimately leading to extinction.
This isn’t exactly how it sounds.
AI enabled devices can perform only what they are designed to do. The extent of their power should be strictly regulated.
When the AI system is granted the authority to think of its own that is when the results could be ambiguous and horrifying.
It is in the hands of human to be extra cautious when it comes to artificial intelligence and if it is fabricated so as to bring about affirmative innovations and changes, it will certainly work in that direction.

3. It’s not just tech-specific
The inception of AI is certainly driven by technology companies. But now it is gradually being incorporated by other sectors and industries.
Right from financial sectors to healthcare, retail and e-commerce to BFSI, FMCG and so on, each vertical is eager to devour the AI-led opportunities that lead to significant benefits for the brand.
It is deemed useful in more ways.
4. It requires specialization
AI is extremely complex, far more than we can imagine.
Since it is still in nascent stage, there aren’t many people who comprehend its usage thoroughly. Thus, deeper knowledge and understanding of AI is paramount and this makes room for more opportunities as the competition with respect to jobs is less.
Meaningful integration requires specialization and quite a few people are acquainted with only the basic understanding of AI.
As far as R&D is concerned, the researchers are split between optimists and pessimists.
It is intriguing to dig deeper into the debate and create breathtaking innovations out of the same. Thus, the scope of AI is far-sighted and impactful.
5. AI is infinite
The degree to which AI can blend in our lives is limitless.
The extreme power of AI is unknown and unexplored for mankind and thus, there lies endless opportunities for it to grow.
There are various tributaries, verticals that AI delves into and each one is different from the other.
Whether backend or frontend, research, idealization, implementation, functionality has immense scope which the aspiring job seekers could bank upon and extract path breaking innovations.
They must seize the opportunity and seek maximum benefit from it.
With the exponential scope and potential of AI, there is a need to deploy more human resource to satiate the requirement.
Considering it is in its growth stage, this is the perfect time to understand and get associated with it. Good luck!
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12 Mistakes That Kill Your Start-Up

12 Mistakes That Kill Your Start-Up

Sure, your product is great. But how's it different from your competitor's? Don't lose sight of the bigger picture
Investor sentiment is bullish, and funding for new ventures flows more freely than ever before.
At the same time, the array of start-ups grows relentlessly, keeping competition constant, if not intensifying it.
There are many great ideas, and all of them are vying for a share of the jackpot.
Now, put yourself in the shoes of the average VC (venture capitalist), boggled and overwhelmed with the sheer diversity of ideas before him.
How do you stand out from the sea of rivals? What are you doing differently?
You have a great product. But is that enough?
You have a great idea. But have you charted a future course for it?
Don't leave crucial threads untied.
Avoid these common faux pas to ensure you secure the investment you need:

1. Giving up too much equity early on
Don't start off on the wrong foot. By giving up too much equity early in the game, you're relinquishing control of your business, and diminishing the chances of raising additional money later.
If you're a minority shareholder in your own company, it's no longer your own company as taking and executing key business decisions becomes near impossible.
Think twice before giving away 50 percent of your baby to the guy with deep pockets.
2. Focusing on everything but financial planning
It is important to focus on various facets of your venture for multi-pronged growth, but never to the exclusion of other factors.
Don't lose sight of the bigger picture -- the whole is greater than the sum of its parts.
One such crucial part, financial planning, cannot take a backseat unless you want your business to run dry.
3. Not telling a compelling story
Math is important, but don't underestimate the power of emotion in convincing your investors you're the right candidate.
They're only human, and they know fiery passion when they see it.
So skip the boring slideshow and tell a story.
Tell them where you come from. Tell them where you're going.
Tell them about your dreams, and what inspires you. Let your eyes glimmer and your words cast a spell.
4. Not knowing the use of funds

You need to know where exactly your money is being pumped as the lack of a financial break up will get you neither here nor there.
This entails creating a blueprint of what percentage of funds goes where.
5. Not creating a differentiated product
Sure, your product is great. But how's it different from your competitor's?
Does it add value to the market, or are you reinventing the wheel?
Remember -- the latter isn't necessarily bad, as long as you have a concrete philosophy backing it.

6. An inadequate detailing of the business model
A common problem that leads to overlooking many critical aspects of the cost is an incomplete or carelessly crafted business model.
A sound plan has a bearing on your finances in that it helps chalk out expenditure accurately, allowing you to realistically assess the funds your business needs.
7. Having a weak rationale to back the amount of money needed
Most founders 'guesstimate' the amount of money needed, rather than methodically doing the calculations.
This can be the worst possible mistake for your business -- sort of akin to knowing you need antibiotics for your cold, yet not discerning the difference between a three-day course and a three-week one.
8. Asking for too little, or asking for too much
Know what your business is worth, and ask for what is due.
It's easier said than done, of course, for a truthful appraisal of your business require a grounded and rational approach.
Don't be afraid to seek external help for a tempered perspective.
9. Undervaluing or overvaluing the business
Again, if you forgo methodical rationality, and don't seek advice from peers and advisors, you are likely to value your business inaccurately, which will prove to be a roadblock in getting funding.
Nothing kills credibility as quickly as lacking an understanding of your own idea.
10. Lacking a plan for future business growth
A business isn't a business without a plan.
Where is your business going? What do you see yourself doing six months from now? Where do you see the company five years from now?
These are important questions to ponder upon.
Even if you don't have answers, ask questions -- they will give you direction.
11. Relying on a single valuation metric
When valuing your business, use multiple approaches.
The discounted cash flow method is commonly used, but often not enough for an accurate appraisal.
Employ a combination of strategies -- comparable company analysis, comparable transaction analysis, the net asset value method, etc -- to arrive at a valuation range.
If you're doing it correctly, the ranges shouldn't be too far apart.
12. Lacking an understanding of pre-money and post-money
Pre-money valuation refers to the value of your company minus external funding or the last round of funding.
Post-money valuation includes external financing or the latest capital investment.
Know the difference. It is impossible to value your business without these basic tools.
Even this list isn't exactly exhaustive.
The simple fact is that each pitch is unique, and must be tailored to the specific circumstances you face.
However, these twelve basic pointers are a good place to start. Keep them in mind, and do your best to get the funding your dream deserves. Good luck!
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How to Start Preparing For CAT 2018

How to Start Preparing For CAT 2018

Identify the nature of the question. Solve more mocks. Have a disciplined strategy
The Common Admission Test (CAT) will be held November 25, 2018.
With five months to go, it is time MBA aspirants get into serious preparation for admission opportunities into their dream management institutions.
Since CAT is the gateway to admissions into all 20 Indian Institutes of Management (IIMs), the competition level is very high for the exam with about two lakh aspirants competing for around 5,000 seats in the premier chain of institutions.
Besides this, CAT score is also accepted by more than 100 top B-schools towards short listing of candidates for their next level of selection process.
Given the significance of CAT for MBA admissions in India, it is important for aspirants to understand well when and how to start preparing for CAT.
Let’s first understand what CAT is and its test pattern:
About CAT 2018

The Common Admission Test is a computer-based examination that evaluates candidates’ skills in English, quantitative ability and logical reasoning.
This year, the Indian Institute of Management Calcutta will conduct CAT on November 25, 2018.
Prof Sumanta Basu from IIM Calcutta is the CAT Convener this year.
The CAT registration will tentatively begin in the second week of August.
Understand the exam pattern and syllabus
The first stepping stone towards cracking any exam successfully is to understand its exam pattern and syllabus.
Though CAT exam pattern is officially made available, the exact syllabus remains unavailable.
The CAT paper comprises three sections with a total of 100 questions and total test duration of three hours.
The three sections of CAT paper are:
1. Quantitative Ability (QA)
2. Data Interpretation and Logical Reasoning (DI-LR)
3. Verbal Ability and Reading Comprehension (VA-RC)
While QA and VA-RC carry 34 questions each, DI-LR carries 32 questions.
Each question carries three marks for a right answer. The paper has a negative marking scheme with penalty of one mark for a wrong answer.
The unanswered questions are awarded zero mark. All the three section get equal importance with separate one-hour slot for each of the three sections.
Also, candidates are not allowed to switch between the sections during the test as the sections are time-bound.
Usually, the syllabi for all the three topics cover the fundamentals of Class 10 and 11 NCERT books, but the questions are a bit tricky and require logical thinking.
CAT 2018: When is the right time to start preparing?
According to the experts, five to six months of dedicated preparations could take you towards your goal of securing a high percentile in CAT.  
Coaching Vs. Self-Study 
While different formats of coaching classes help in preparing for such a competitive examination, a serious self-study plan with online and offline preparation resources is also an option that CAT toppers suggest.
Though, aspirants who opt for coaching get the tailor-made section-wise preparation material which helps them understand basic concept as well as advance questions, for those who can’t afford coaching classes owing to time or money constraints can access expert notes and select study material for the same.
There are thousands of preparation books out there waiting for you to lay your hands on them.

However, it is not a good idea to study from a lot of different books or sources. Stick to one good book of each subject and take mock papers from other sources.
Some of the must-read books for CAT preparation include How to prepare for Quantitative Aptitude for the CAT by Arun Sharma, The Pearson Guide to Quantitative Aptitude for the CAT by Nishit Sinha, and Quantitative Aptitude Quantum CAT by Sarvesh Verma.
Further, the internet is a reservoir full of online and offline CAT ebooks, sample papers, video tutorials and timed online mock tests, and the best thing is that most of them don’t cost a penny!
As an aspirant, you can even interact and engage with experts and fellow CAT takers on various social media platforms to ask queries or exchange study material.
The key, however, is consistency in your preparation and discipline with which you follow your preparation strategy.
Focus on basic concepts and section-wise preparation
The next step is to get acquainted with the fundamentals of each section and build on them to make each of them your strength.  
Manek Daruvala, director, T.I.M.E. says, "The most important aspect would be to improve fundamentals as it helps you to factor a question based on the basic concepts.”
Also, each section may require a customized preparation approach based on your level of understanding and interest.
Generally, this section has 24 RC questions and 10 VA questions.
Regular reading is the key to crack this section.
Also, people with reasonable frequency of reading quality materials can crack a 98 percentile in the VA section.
Use the reverse strategy for this section such as taking mock tests, trying to solve it with timer, and later analyzing it from the solutions available.
The areas covered under the Quantitative Ability section include Arithmetic, Algebra, Number System, Geometry, Trigonometry, Mensuration, Higher Maths etc.
This is the make or break section for everyone.
Work on versatile forms of data representations like pie chart, bar chart, line graph, piled bar chart, spider chart and complex combinations of these data formats.
Decoding data and quick insight building based on the related questions is the key to crack this section.

Time Management
CAT is also a test of time management skills as much as a test for candidate’s knowledge.  
Since a candidate needs to strike a right balance between number of attempts and accuracy level, the time spent on each question become an important factor towards scoring high in the test.
While some question may require long calculation, a few may just be tricky. Thus, it is important for test takers to quickly identify the nature of the question and accordingly invest testing time on the same.
Gautam Puri, vice chairman, Career Launcher suggests, "Try to attempt each section in three rounds. In the first round pick the questions that you can solve without wasting time. In round two, pick questions that are an opportunity for you, while in round three, pick questions that you think you can solve but are time-consuming and ensure you answer all the non-MCQs as they do not have any negative marking."
Mock tests are the pillars of strength
The most important part of the preparation journey is regular mock tests. It helps a candidate to evaluate his performance and also helps him gauge his standing among his peers.
According to experts, mock tests also help candidates to familiarise with testing environment and develop time management skills.
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Top 20 Engineering Colleges in India in 2018

Top 20 Engineering Colleges in India in 2018

The Indian Institute of Technology-Delhi tops the list of best engineering colleges in India, according to India Today's rankings of best colleges of 2018.
The IIT-Kharagpur and Mumbai feature on number two and three positions respectively.
'One in four students at IIT Delhi is keen to start a company after graduation,' the education magazine noted in its June issue.
IIT Delhi has one of the finest humanities and social sciences departments in the country, it further pointed.
Top 20 of 100 engineering colleges (government) as per India Today's findings.

Top 20 government engineering colleges of 2018

The Top 20 of 100 engineering colleges (private) as per India Today's findings

Top 20 private engineering colleges of 2018

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