USMLE Visa: Requirements of getting H1 B Visa for IMGs and FMGs

Every IMGS and FMGs must apply for a state license in the state/s they intend to practice. The initial State Licensure requirements will vary depending on the state and will require the applicants to have completed step 3 either before or during the 1-3 year residency training in the US.

International Medical Graduates who wish to enter the US for Residency training/graduate medical education must obtain a visa that permits clinical training. IMGs who do not hold a legal status in the US usually apply for a J-1 or H1B visa for residency training.

H-1 B Temporary Worker The H-1B visa is for temporary workers in specialty occupations who hold professional degrees. The H-1B visa has been extended to IMGs for residency training in the US. The individual must be able to meet all the specified criteria which includes appropriate authorization by the concerned state medical board, ECMFG certification and should have passed the USMLE Step 3 exam. The advantage of the H-1B visa that it does not have the two-year home residency requirement as the J-1 visa.

EduPristine is a leading educational service provider for professionals and students - in the area of test preparation and professional education. It has been founded by industry experts with its headquarters in Mumbai and have office across India. EduPristine has partnered with Becker Healthcare to provide the resources you need to score high on the USMLE exams and move ahead in your journey to residency training in the US. The team of experts at EduPristine will guide you throughout your journey from USMLE exams, USMLE Visa applications, to Medical residency training in the US. It is your one stop shop for all the services you need to successfully enter medical residency training in the US.

To get a complete guide for IMGs and FMGs to get H-1B Visa, click here: https://www.edupristine.com/blog/usmle-h1b-visa

Global Temporary Tables

(Oracle 8i) is considered to be vital for DBAs and developers.

What are Global Temporary Tables:

Data in this table is stored as long as the session or transaction gets over and is private for each session. eventually, after disconnection, the data is lost but the definition of the table remains. Performing ddl operations is not necessary, however.

The synonyms, or views and other structures related to the temporary table don’t disappear after transaction or session. Indexes will be created likewise. The features of Temporary tables have triggers and all the statistics related to table access cost, information of rows and blocks, join cardinality, etc. Foreign keys cannot be integrated into temporary tables.

Examples of usage involves replicated data manipulation from remote tables, it is also useful in temporarily storing a set of rows to be processed against other tables.

There is no denying that Oracle database has evolved over the years. Some redundant features have paved way for ingenious additions to which Oracle Global Temporary Tables (GTT) is one of the latest.

To read more on Global Temporary table in Oracle, read here: https://www.edupristine.com/blog/oracle-global-temporary-tables

Google Logo Change

Has it ever happened to you that you came to know about the new Google’s tool or other news after a month it was announced?? That would not have been the case, if you were updated with latest developments and happenings about Google. How can you stay updated?? Simple, by following the below mentioned Google blogs.

1.            Google Research Blog

Know what is happening in Google and what the new researches are. Google Research Blog gives you latest news from Research at Google. Various researches are carried out for various products of Google like search algorithms, systems infrastructure, machine learning, and programming languages. Through this blog stay updated with all the news

2.            Google Official Blog

Follow Google’s Official Blog to stay updated with news and updates on Google’s products, technology and more. On this blog page you will find product announcements and news, company updates, glimpses into what it’s like to work at Google, discussions on technology and the web, and much more.

3.            Google Inside Adwords Blog

Google Inside Adwords Blog is a must follow for all those who run the Google Adwords campaigns. Through this blog you can stay updated with the news, tips and information on Adwords. The blog page is a central place for you to learn how Google can help make the web work for you and drive your customers from intent to action. So don’t wait more and follow this blog for the latest product and feature announcements, best practices, and case studies, as well as expert recommendations on Google ads products.

4.            Google Webmasters Central Blog

Google Webmasters is a free toolset provided by Google that helps you to know what is going on with your website. By following the Google Webmasters Central Blog you can know about every news on crawling and indexing sites for Google index. If any new feature is to be introduced, you can know it immediately through Google Webmasters Central Blog. So follow this blog and make your website user friendly and easy to find on Google.

5.            Google Apps Update

If you love to know about the new app and their upgrades then I am sure that you would be following the Google Apps Update Blog if not, then its not too late, follow it now. This page is an official feed from the Google Apps team that provides essential information about the new features and improvements in the apps by Google.

6.            Blogger

If you blog constantly on your personal blog at blogger. Com then you will love to read this blog page since it gives you all the latest information on the developments in the new features of blogger. Whether it is inclusion of new templates or custom domains, you can get all the information through their blogs.

7.            Google Analytics Blog

Google Analytics is the enterprise-class web analytics solution that gives one rich insights into the website traffic and marketing effectiveness. By following this Google Analytics Blog, you can stay updated with the newly introduced features and developments. It also provides tutorials to the new features of Google Analytics.

8.            Google and your business Blog

Expand your business by following the tips on blog page of Google and your Business. With the importance of online marketing increasing day by day, this blog page is like a blessing in disguise for all those who are struggling with their web marketing. This blog gives out amazing tips and tricks and other useful information to manage your business with Google solutions.

9.            Google Ads Developer Blog

Through the Google Ads Developer Blog, you can stay updated with news of Adwords, AdSense, DoubleClick, AdMob APIs and SDKs. Follow this blog for latest Ads developer product and feature announcements, case studies, and best practices, as well as opportunities to interact with and learn from the Google’s Ads Developer Relations team and other members of the developer community.

To know more on ideas behind Google strategies, and reasons behind Google logo change, along with other major brands, read this: https://www.edupristine.com/blog/whats-in-a-logo

Analysis of Facebook’s Acquisition of Whatsapp

The Irrational Rationale behind Facebook’s Acquisition of WhatsApp:

Defying all the theories of Corporate Finance and principles of equity valuation, Facebook recently announced acquisition of WhatsApp at a whopping valuation of $ 16 bn…yeah…you heard it right…it’s billion and not million. Add to that shares of Facebook worth $ 3 bn to be issued as restrictive share units to the employees of WhatsApp, the valuation hits the rooftop of $ 19 bn. In terms of magnitude, let’s look at the table below to get a hang of the valuation quoted for WhatsApp.

“Facebook Buys Whatsapp” While we are still gasping for breath after going through the table above, let’s try to be rational and figure out what might have led Facebook price WhatsApp so high.

Irrational Rationale behind WhatsApp Acquisition

Even after spending some 10 hours and flipping through almost all the news articles, reports and analysts’ opinions, I could not figure out any rationale behind such a high valuation. However, I could think of various reasons behind this acquisition. Before we get into the shoes of Facebook’s CEO and start thinking (rationally or irrationally) like him, let’s understand a little bit about the two companies involved here. None of them needs any introduction. And almost all of us would have used / continue to use platform offered by one or both of them.

While these are the statistics that place Facebook as a very strong buyer in comparison to the Target, let’s look at the facts below as well to figure out the reasons behind this acquisition:

1. Highly Active Users Base

The users on WhatsApp are highly active given the level of activity reported in the exhibit above. Facebook in comparison, is losing its shine – this is what I feel after interacting with the many around me.

2. Fast Growing User Base

WhatsApp has demonstrated extraordinary growth in its user base probably unparalleled in history.

3. Complementarity offered by WhatsApp users base

WhatsApp user base is exactly what Facebook is looking for:

WhatsApp has a strong presence internationally and particularly in Europe, India and Latin America. These are also the regions where Facebook is trying to grow its base of users.

WhatsApp and other mobile messaging services are used by all age groups alike. They are widely used by teens and tweens, a group that has recently started dissociating itself from Facebook.

WhatsApp offers a very personalized one on one interaction platform which probably users of Facebook never got and always complained about.

The success factor behind WhatsApp is probably an early embracing of mobile technology. And this is probably the only factor behind Facebook’s struggle. They went public without any revenue from mobile devices. It is still looking to expand its mobile reach.

Although WhatsApp is more limited in its scope and capabilities to Facebook and Twitter, mobile messaging services are becoming competitors to traditional social networks.

4. Threat from Google

Facebook is a relatively new entrant in the internet technology / social media business ecosystem. It needed support / platform to fight the existing and stable players in the ecosystem like Google, Apple, Microsoft and Yahoo. Informal articles on internet suggest that Google attempted acquisition of WhatsApp in the past, even attempted to outbid Facebook after the deal was announced and ultimately even suggested WhatsApp to stay independent as it had been always in the past.

5. Attempt to become a diversified social media player

Facebook may be attempting to emerge as a social media conglomerate. It can aspire to become a dominant player with different tools like Instagram and WhatsApp in its arsenal. Each one does things that the other property can’t.

Intriguing, isn’t it? If you wish to add anything further to the blog, go ahead and post your thoughts in the comments section below!

To know the Business Model of Whatsapp, and the reasons behind why facebook buys whatsapp, read the blog: https://www.edupristine.com/blog/analysis-facebook-acquisition-whatsapp-part-2

career options after 12th

Now that you have cleared your class 12 examinations, have you given any thoughts on what you want to do next? If you are thinking of choosing a career in Commerce then we would say it’s a great choice. In India, Commerce has grown tremendously and is known for providing a wide scope of career options to pursue after class 12. It further gets wider with students realizing the importance of Commerce and the specialization courses associated with it. These courses not only give you an opportunity to grow and make an illustrious career but also help you become the top-notch in your professional career. But the question which troubles you is ‘What will be my career options after 12^th?

It is not a compulsion that you need to have completed your Higher Secondary from Commerce only. A Science or an Arts’ student can also pursue these specialized courses after class 12. As it is rightly said “It’s not what you achieve, it’s what you overcome. That’s what defines your career”. All you need is dedication, hard-working spirit and self-confidence to face all the hurdles coming your way. Now let me throw some light on some of the most prestigious and industry respected career options you can opt for after class 12.

It’s no hidden truth that the present economy has tanked, besides this; the possibility for you to get your dream job in Commerce stream can be less due to the ever-increasing competition. As a matter of fact, companies do not entertain a fresher who’s just out of the college with minimalistic experience at hand, leaving your future and career options after 12th look bleak. Although you have ventured into the Commerce Stream expecting for a bright career and decent career prospects, the tough job market can be a stumbling block in the paths of your success.

Jobs in Commerce have seen a considerable increase in India, however qualifying for a particular job is anyway different. Undoubtedly, Commerce stream offers myriad of jobs in Accounting and Taxes, but qualifying for these sectors requires one to have good experience under one’s belt. Which is why if you are thinking to be an Accountant or a Compliance Manager, a graduation is just not enough. If you wish to pursue jobs after 12th, then you have to go beyond just bookish knowledge. For this, job-oriented commerce courses have sprung up in the recent times.

To know what are the courses after 12^th, read this: https://www.edupristine.com/blog/courses-after-12

How to Use the AutoSum Function in Microsoft Excel

Let excel do math for you regardless of whatever condition you are in. From planning the monthly budget of a common man to balance sheet of an organization, Autosum in excel is a one-click tool in Microsoft Excel that runs functions on a list of data. A handy yet powerful function in Microsoft Excel that can automatically add up a range of cells quickly by saving your time. It’s often faster than creating a formula when you have large sets of data to add up.

I prepared a list of data that I want to add up and let us see, how to do that.

1. In the below scenario, we need to know how much sales we have done at the end of the year for individual location and let’s look how we shall use this AutoSum function.
2. Instead of typing the sum formula, on the right hand side of the home tab, you will be able to find the option AutoSum. Now, click on the dropdown and you shall find several options such as sum, average, count, max, and mind. As we are looking up for the total, select the sum option
3. When you chose the option of Autosum from the ribbon, it automatically guess the range of cells to be added. You can even change the range, it is mutable.
4. Hit enter and you shall receive the sum of the entire column you have selected. There you go.

Likewise, you can perform other operations by selecting the respective option in the AutoSum dropdown.

Whether you are a multi millionaire sitting in your air conditioned cabin or a regular housewife doing her daily grocery shopping, one of the common task that is performed by both is adding the numbers. Yes, in one case we are talking about millions and in other a few hundreds but the point is, you require the adding functions irrespective of your position. AutoSum is one of the most commonly used functions Excel. Along with AutoSum you can also use the functions like Average, Max, Min etc. you can avoid using the formula by using the AutoSum function.

Things to remember while using AutsoSum function in Excel:

●     Autosum can only go up or left, not right or down.

●     You can also press ALT+= (on Windows) or Option+Command+= (on Mac) as an alternative to clicking the Autosum button on the toolbar.

●     Autosum stops when it encounter an empty cell or a cell that doesn't contain a number.

●     Autosum stops functioning when it hits any non-numeric value in your range. Strictly speaking, the Autosum formula will work but the error will stop it calculating the result

Explain Balance Sheet: Define Assets, Liabilities, and Net Worth

A Sample balance sheet is a financial statement which provides an idea of a company’s financial position. The ultimate purpose of the balance sheet is to disclose the financial position of the company at a given time. A balance sheet is mostly prepared at the end of accounting period like a month, quarter or year-end depends on the organization. For larger organizations, a balance sheet must be filled once in a year as a part of company’s statutory accounts. It does by outlining the total assets that a company owns and any amounts that it owes to lenders or banks. A standard company balance sheet has three parts as assets, liabilities, and owner’s equity. Let us discuss in detail as follows.

1. Assets: Asset is anything that a company owns in order to generate income. This could be cash, property, equipment, inventory and so on. As asset is expected to be converted into cash. In a simple balance sheet, assets are indicators of company’s holdings. Assets are further classified into tangible and intangible assets. The tangible assets are further divided into current, long-term and other assets. On the other hand, the intangible assets could be trademark, copyrights etcetera. In a balance sheet, assets having alike properties are usually grouped together. A widely known approach is to bifurcate the assets into current assets and non-current assets.

●      Current Assets: Current assets can be defined as the assets which include cash and the assets that could be converted into cash. Current assets are expected to be consumed within a year. Cash, cash equivalents, accounts receivable, prepaid expenses are some examples to mention.

●      Non-Current Assets: Non-current assets are also often referred as long-term assets. Here, investments are known as the accounting year. Examples of non-current assets are buildings, land, machinery and all intangible assets.

While preparing a balance sheet, the currents assets are mentioned first and non-current assets later.

  2.     Liabilities: Liabilities can be defined as the amount that an organization holds. Liabilities are further divided into current and long-term liabilities on the balance sheet. Let us discuss them in detail.

●      Current Liabilities: Current liabilities are the claims that are expected to meet within a year. These are accounts payable, accrued expenses, taxes payable, or by the provision of goods or services.

●      Long-Term Liabilities: All liabilities that are not current liabilities are considered as long-term liabilities. These are the debts that must be repaid in more than a year from the date on the balance sheet.

  3.     Owner’s Equity: In the balance sheet, owner’s equity is often referred as a shareholder equity. This is also known as a book value. Owner’s equity can be considered as the net assets. It is the assets minus the liabilities. Any remaining value in assets can be attributed to owner’s equity.

The formula of the balance sheet can be defined as:

Assets = Liabilities + Owner’s Equity

How to prepare a simple Balance Sheet?

There are two formats to represent the balance sheet. In the account format the items are presented horizontally whereas, in the report format, the asset items are listed vertically.

Why is the Balance Sheet important?

A simple balance sheet provides a whole picture of the financial health of an organization at a given period of time. The balance sheet tells you the current value of your assets and the complete view of your business. A balance sheet could also serve as an indicator before any disaster occurs in the business. With the help of a balance sheet, you can analyze the following things such as, the general financial position of the business, productivity, and growth of the business and Warning signs that there is a threat ahead. 

Components of the Balance Sheet

The three major components of the balance-sheet that indicate what the company owns and owes are Assets, Liabilities and Owner’s Equity.

Assets:

Assets can be defined as the valuables that the company owns to benefit from or are used to generate income. They are the resources of the company that has future economic value. These are categorized into tangible and intangible assets. The tangible assets are further bifurcated into current, long-term and other assets. The non-tangible assets are the trademark, copyrights, goodwill to mention a few.

Current assets include the cash, accounts receivable, prepaid expenses and all that can be converted into cash within a year.

Long-term assets are also called fixed assets. They are distinguished from the current assets due to their longevity in generating revenues. All fixed assets except for land are shown on the balance-sheet at original cost less depreciation.

Liabilities:

Liabilities are debts owed by the business. These are claims of the creditors against the assets of the business. These are claims or obligations that arise out of past or current transactions. Liabilities are classified into current and long-term liabilities.

Current liabilities are accounts payable, accrued expenses, taxes payable, the current due within one year portion of long-term debt and any other obligations due within a year.

Long-term liabilities are debts that must be repaid by the business in more than one year from the date of the balance sheet.

Net worth (Owner’s Equity): Owner’s equity (called when it’s sole proprietorship) sometimes is also referred to as the book value of the company because owner’s equity is equal to the reported asset minus the reported liability.

Assets = Liabilities + Net worth, this can be reposed to yield the definition of net worth, which is the balance after the liabilities are subtracted from the assets of the business.

Top 5 AGRICULTURE FOOD SUPPLIERS

Here is the rundown of best 5 agribusiness nourishment provider’s .with planning to illuminate this are extremely well known among all. Considering its request this are extremely useful to the individual who is searching for the farming sustenance providers:

1. PGR Agro Solution Pvt. Ltd. : Email ID-vijayglsbiotech@gmail.com, Vijay Ghodekar, contact No: 9405160450, 9820551204

With an expect to give our significant clients a wide collection of items, PGR Agro Solution Pvt. Ltd. from 2017 is Manufacturing and Biostimulant Plant Growth Promoters, Pest Repellent, Plant Nutrition and some more. Offered accumulations of these items are made by utilizing subjective fixings and dynamic innovation. These items are profoundly appreciated by the customers for their precise piece, long timeframe of realistic usability, non harmful and high virtue highlights. Aside from this, these offered ranges are utilized as a part of horticulture fields. We have built up a complex foundation office at our premises.

2. Orbit International Technologies Pvt. Ltd., 404, Tremandal Complex, Secretariat Road, Hyderabad — 500004 (A.P.).

IQF Systems for Vegetables and Fruits, Potato Processing Equipment, Vegetable Dehydration, Nut Processing Equipment, Vegetable and Fruit Storage System and Vegetable and Fruit Processing Equipments.

3. Sifter International, 83, Sector — 6, Industrial Area, Faridabad-121 006Ph: 0129–4067129 Plant. Fax: 0129–2230039 E-mail: cs@sifterinternational.com

Finish Plant Supplier on turn-key reason for. Tomato Processing, Spice Plant, Energy Food, Fruits, Juices and Concentrates and so forth and Flour Mill plant

4. Advance Machinery Corporation 220, Ranaga Konar Street, Kattor, Coimbatore — 641009. Ph: 0422–2233257, Fax: 0422–2235297, E-mail Lcaacb@del3vsnl.net.in.

Sustenance Packaging and preparing hardware including natural product juicer, organic product pulper, vacuum fluid filler, pulvariser, potato chips creator, shape fills seal machine, warm fixing machine, drum top sealer PP top fixing machine

5. Bombay Industrial Engg., 13, Crystal Apartment, Gulmohar Cross. Street, 11, JVPD Scheme, Mumbai-400049. Ph-022–26232810, Fax-022–26201914 E-mail:ijeshgal@bom5.vsnl.in.

Pulpers, juice extractors, steam jacketted pots, organic product cuts pounds, mango and canning impedes.

Business Analyst Job Description & Career Profile

In today’s complex business environment, if you’re the one who digs evaluating and analyzing data, interacting with a variety of people, bringing meaningful insights, creating solutions, a career as a business analyst could be for you. Before you line up the things, it is imperative to know the significance and what exactly is business analytics meant for.

Business analysis is the process of understanding business needs, capturing, analyzing, documenting the requirements, and delivering the requirements to the relevant stakeholders. Business analytics is used to evaluate organization-wide operations and can be performed from sales to customer services. With an eternal thirst to be best in the market, there should be consistent performance and this is where business analysts come into the picture. Business analyst produces the requirements which distinctly state the business needs to enhance the competitiveness and the performance of a company. Business analyst acts a bridge in between the current issues and the answers to mend it. Business analysts consistently work on improving or updating a computer system like how an architecture builds. 

Business Analyst Job Description: Business analyst conducts market analysis, gather essential data, ensure business data, compile into reports, which managers and shareholders can use. Exceptional communication, analytical, and technical skills are must-have traits to be a business analyst though. As a business analyst, you are expected to have the following skills.

●      Creating, analyzing, and validating detailed functional specifications.

●      Using business analysis, flow charts, activity diagrams, document analysis, workflow analysis.

●      Interpreting business needs of customers and translating them into the application and operational requirement with the help of strong analytical and product management skills.

●      Creating a detailed business analysis, outlining problems, figuring out opportunities and solutions for a business.

●      Communicating the benefits of your recommendations across departments and assist to address any uncertainty.

●      Collaborating proactively with internal and external customers to analyses information needs and functional requirements and delivering use cases, interface designs as when required.

●      Delivering work products throughout the project life cycle.

●      Challenging the presumptions of business units on how they can execute their strategies successfully.

●      Producing written documentation to support the work, report on findings to present to the stakeholders when necessary.

●      Using the natural language to develop requirement specifications.

Business Analyst Duties:

●      Understanding the requirements of the business. The vital role of a business analyst is to work with the project stakeholders and understand their requirements and translated them in a technical way that developers can understand.

●      It is an inevitable responsibility of a business analyst to lead ad hoc or formalized teams as they need to coordinate and structure on designated projects or assignments to achieve fruitful results. 

●      Business analyst’s core responsibility is to correct defects, make changes, maintenance and enhancement of the values of the system. They are also expected to provide reports of several documents.

●      Helping technically in training and coaching of professional and technical staff.

●      As mentioned earlier, the business analysts main role is to build the business requirement specification. They have to develop informative, usable, and coherent documents for the professional success. Hence, technical skill is must to become a data analyst.

●      A business analyst must be strong in decision making and can use the formalized techniques like decision matrix which assists in making business appropriate and possess the top-notch quality to provide the best possible service for the clients.

●      Business analysts responsibilities don’t end up with the identification of needs and requirements but also expected to ensure that the product is functioning well as it has been designed. This is where user acceptance testing comes into the picture and business analysts should actively come up with several test scenarios.

So ultimately it’s upon you as to which salary bar you want to place yourself in. If going for a business analyst career is your decision then its better you start right away and line up some interviews for yourself. To help you clear your business analyst job interview, we have collated a list of Important Interview Questions and their Answers that will help you in clearing your interview.

Business analysts are required to have over all business knowledge and skills, which can be obtained through EduPristine’s Business Analytics Certification.

Let us know how this article has helped you in getting insights about the job description, duties and salary package of a business analyst.

Business Analyst Salary: Salary of a data analyst usually is dependent on the organization and job responsibilities. It’s not a surprise that business analysts do get a substantial paycheck compared to other roles in entry-level considering the fact that they have the responsibility to meet the end.

But, you have to be outstanding and exhibit your skills to stand out from the cluster. So, what are you waiting for? EduPristine offers a top-notch big analytics source that gives your career a much-needed boost. Let us know in the comment section below how this article have helped you in getting insights

Jobs & Responsibilities of Hadoop Professional

Big Data and Hadoop have been considered as synonyms for a long. However, there’s a thin line between Big Data and Hadoop which explains all. Big Data is a problem and Hadoop provided a solution to it. Big Data is a collection of humongous collection of data. It cannot be processed by traditional methods because most of the generated data is in unstructured form. Here, Hadoop emerged as a solution to this problem

Who is a Hadoop Developer?

A Hadoop Developer jobs are similar to that of a software developer but in the big data stream.  Hadoop Developer is expected to write code or build applications of Hadoop. He/she must be aware of how the components fit together and decide on which is the best Hadoop component for a specific task. Let us look at some responsibilities a Hadoop Developer must possess to gain a basic understanding of what exactly this job is all about.

Job Responsibilities of a Hadoop Developer:

●     A Hadoop Developer has many responsibilities depends on the domain or sector. Following are some of the tasks a Hadoop Developer is responsible for:

●     A Hadoop developer might take an ownership of data as the more one is with familiar the data, the more meaningful insights are.

●     Install, configure, and maintain enterprise Hadoop environment.

●     Create MapReduce coding that works seamlessly on Hadoop clusters

●     Perform analysis of huge data stores and uncover insights

●     Maintaining security and data privacy

●     Translate complex functional and technical requirements into detailed design.

●     Test prototypes and oversee handover to operational teams.

●     Implement best practices or standards.

Hadoop Developer Skills:

As you are aware of the job responsibilities of a Hadoop Developer, it’s time to hone the essential skills to become one.

●     Basic knowledge of backend programming languages like Java and OOP.

●     Writing reliable and maintainable code

●     Good knowledge of concurrency and multi-threading concepts.

●     Data processing for generating the patterns.

●     Obvious knowledge of Hadoop ecosystem and its components. Pig, Hive, Flume, etcetera.

●     Analytical skills applied to Big Data Domain

●     Data cleansing for verification and validation

It is not mandatory that every Hadoop Developer must be involved in all the aforementioned points. They are just commonly performed tasks, however, the job role differs from organization to organization considering the domains, plans, and size of the team.

Career Opportunities for a Hadoop Developer:

There are several job titles and opportunities available for Hadoop Developers such as Hadoop Engineer, Architect, Lead Developer, and Big Data Developer. You are absolutely wrong if only IT companies offer the Hadoop jobs. Besides the tech companies, there are several sectors that require Hadoop Developers such as  travel, retail, healthcare, advertising, telecommunications, government etc.,

Hadoop Architect

Big Data Architect designs and builds efficient yet cost-effective Big Data applications to help clients answer their business questions. Sounds like what Enterprise Architects or Solution Architects typically do? But Big Data Architects are required to look at traditional data processing problems from different lenses. You must love data. Lots of data. Of good and bad quality. It also helps to be nimble, especially when it comes to newer technology. You should be judicious about tool selection and should have the ability to embrace open-source technologies, with all their good and challenging aspects.

Job Description of Hadoop Architect

Hadoop Architects, as the name suggests, are the ones entrusted with the tremendous responsibility of dictating where the organization will go in terms of Big Data Hadoop deployment.  They are involved in planning, designing and strategizing the roadmap and decides how the organization moves forward.

This is what you can expect as part of your Hadoop Architect work routine:

Take end-to-end responsibility for the Hadoop Life Cycle in the organization

Be the bridge between data scientists, engineers, and the organizational needs

Do in-depth requirement analysis and exclusively choose the work platform

Full knowledge of Hadoop Architecture and HDFS is a must

Working knowledge of MapReduce, HBase, Pig, Java, and Hive

Ensuring the chosen Hadoop solution is being deployed without any hindrance

Salary and Career Opportunities

The Hadoop architects have lucrative opportunities for professionals globally. The market demands Hadoop Architect professionals having knowledge in depth of the Hadoop ecosystem. Average Salary of a Hadoop Architect is 4 to 10 lakhs per annum

Big Data Visualizer

A big data visualizer is a creative thinker who understands User Interface design as well as other visualizations skills such as typography, user experience design, and visual art design. One of the most important aspects of big data is the ability to visualize the data in a way that it will understand easily and find new patterns and insights. 

Hadoop Developer Salaries:

It actually depends on the company you are working such as a startup or mid-level company or a large firm. It also depends on the experience one has in the industry as it reflects the knowledge he possesses. Salaries of Hadoop developers are fatter than many other positions in the industry but varies upon factors like city chosen, certification, etc., An entry-level Hadoop developer with certification can draw 5.9 LPA

Hadoop Developer Job Opportunities:

There has never been a better time to excel in something. Hadoop is a rewarding and lucrative career with a plethora of growth opportunities. However, it is not a piece of cake. Becoming a Hadoop Developer takes effort, time, and a small investment but the treasure you discover at the end is quite rewarding though. If the above-mentioned points interest you, it’s time to brace yourself to up-skill with Hadoop and grab an opportunity to become a Hadoop Developer. Get started with specially curated Big Data and Hadoop course by EduPristine.

What is Capital Budgeting?

Capital budgeting is a company’s formal process used for evaluating potential expenditures or investments that are significant in amount. In layman's words, Capital budgeting, and investment appraisal, is the planning process used to determine whether an organization's long-term investments such as new machinery, replacement of machinery, new plants, new products, and research development projects are worth the funding of cash through the firm's capitalization structure (debt, equity or retained earnings).

It is the process of allocating resources for major capital, or investment, expenditures. One of the primary goals of capital budgeting investments is to increase the value of the firm to the shareholders. It involves the decision to invest the current funds for addition, disposition, modification or replacement of fixed assets. The large expenditures include the purchase of fixed assets like land and building, new equipment, rebuilding or replacing existing equipment, research, and development, etc. The large amounts spent on these types of projects are known as capital expenditures. Capital Budgeting is a tool for maximizing a company’s future profits since most companies can manage only a limited number of large projects at any one time.

It usually involves calculation of every project’s future accounting profit by period, the flow of cash by period, the present value of cash flows after considering the time value of money. The number of years it takes for a project’s cash flow to pay back the initial cash investment, an assessment of risk, and various other factors.

FEATURES OF CAPITAL BUDGETING:

1.  It involves high risk
2. Large profits are estimated
3. The long time between the initial investments and estimated returns

CAPITAL BUDGETING PROCESS:

●        Project identification and generation: The first step towards capital budgeting is to generate a proposal for investments. There could be various reasons for taking up investments in a business. It could be the addition of a new product line or expanding the existing one. It could be a proposal to either increase the production or reduce the costs of outputs.

●        Project Screening and Evaluation: This step mainly involves selecting all correct criteria to judge the desirability of a proposal. This must match the objective of the firm to maximize its market value. The tool of the time value of money comes in handy in this step. Also, the estimation of the benefits and the costs need to be done. The total cash inflow and outflow along with the uncertainties and risks associated with the proposal must be analyzed thoroughly and appropriate provisioning has to be done for the same.

●        Project Selection: There is no such defined method for the selection of a proposal for investments as different businesses have different requirements. That is why the approval of an investment proposal is done based on the selection criteria and screening process which is defined for every firm keeping in mind the objectives of the investment being undertaken. Once the proposal has been finalized, the different alternatives for raising or acquiring funds must be explored by the finance team. This is called preparing the capital budget. The average cost of funds must be reduced. A detailed procedure for periodical reports and tracking the project for the lifetime needs to be streamlined in the initial phase itself. The final approvals are based on profitability, Economic constituents, viability and market conditions.

●        Implementation: Money is spent and thus proposal is implemented. The different responsibilities of implementing the proposals, completion of the project within the requisite time period and reduction of cost are allotted. The management then takes up the task of monitoring and containing the implementation of the proposals.

●        Performance review: The final stage of capital budgeting involves comparison of actual results with the standard ones. The unfavorable results are identified and removing the various difficulties of the projects helps for future selection and execution of the proposals.

There were some pointers on Capital Budgeting. The need for Capital Budgeting on the day to day investments are as follows:

●         A large sum of money is involved which influences the profitability of the firm making capital budgeting an important task.

●         Long-term investments, once made, cannot be reversed without a significant loss of invested capital. The investment becomes sunk, and mistakes, rather than being readily rectified, must often be borne until the firm can be withdrawn through depreciation charges or liquidation. It influences the whole conduct of the business for the years to come.

●        Investment decisions are the based on which the profit will be earned and probably measured through the return on the capital. A proper mix of capital investment is quite important to ensure an adequate rate of return on investment, calling for the need for capital budgeting.

●        The implication of long-term investment decisions is more extensive than those of short-run decisions because of the time factor involved, capital budgeting decisions are subject to the higher degree of risk and uncertainty than a short-run decision.

CAPITAL BUDGETING DECISIONS:

The crux of capital budgeting is profit maximization. There are two ways to it; either increase the revenues or reduce the costs. The increase in revenues can be achieved by expansion of operations by adding a new product line. Reducing costs means representing an obsolete return on assets.

Accept / Reject decision – If a proposal is accepted, the firm invests in it and if rejected the firm does not invest. Generally, proposals that yield a rate of return greater than a certain required rate of return or cost of capital are accepted and the others are rejected. All independent projects are accepted. Independent projects are projects that do not compete with one another in such a way that acceptance gives a fair possibility of acceptance of another.

Mutually exclusive project decision – Mutually exclusive projects compete with other projects in such a way that the acceptance of one will exclude the acceptance of the other projects. The only one may be chosen. Mutually exclusive investment decisions gain importance when more than one proposal is acceptable under the accept / reject decision. The acceptance of the best alternative eliminates the other alternatives.

Capital rationing decision – In a situation where the firm has unlimited funds, capital budgeting becomes a very simple process. In that, independent investment proposals yielding a return greater than some predetermined level are accepted. But actual business has a different picture. They have fixed capital budget with a large number of investment proposals competing for it. Capital rationing refers to the situation where the firm has more acceptable investments requiring a greater amount of finance than that is available with the firm. Ranking of the investment project is employed on the basis of some predetermined criterion such as the rate of return. The project with the highest return is ranked first and the acceptable projects are ranked thereafter.