Month: February 2022

The enhancing trend of artificial intelligence brings the question that machines will force humans into obsolescence. But still according to some experts, artificial intelligence will automate millions of jobs in the future that will result in an enhanced unemployment rate whereas other experts see it as a serious problem. Indeed, the structure of the workforce is evolving but that does not mean that AI will replace the jobs. It helps us to have more leverage and knowledge based economy to generate better automation for a better lifestyle.

You may find it a bit theoretical, but your concern of replacing our jobs with AI tech and robots may be true for the white collar jobs like hedge fund managers, lawyers and business analysts. According to the research, 67% of the UK workers consider artificial intelligence as the technology that is playing well to make us better assistants at our workplace. Specifically, the intelligently controlled touchpad and voice commands will help to assign new tasks to machines. But there is still the belief of 64% of workers that computer scientists will not be able to replace jobs that require human social skills.

These findings are from the research of automatic trend index in which 1000 employees were considered to study the population from the institute of market research on behalf of automatic. President of the International Federation of Robotics, Junji Tsuda said, “Developments in AI mean we can expect robots to perform increasingly effectively as human assistants, Robots do not only understanding and answering questions as they do today, but also acting on voice commands and gestures, and even anticipating a worker’s next move in order to remove an obstacle from her path“.

Human-machine collaboration must meet the strict safety requirement. That is the reason that it takes more time to get to market than the software application that can be customized and tested in the simulated live setup. It is the priority of 74% of employees that the AI technology must be completely controlled by law so that it can be used securely.

It is expected that the AI machines will overtake the tasks to perform independently to enrich the workplace, according to 60% of the respondents. Therefore, there is still the misconception that the machine is unable to learn intelligently like human beings; well that is not the case in reality. We should be mindful that artificial intelligence is made for humans by humans, so maintaining the spirit is our responsibility.

Artificial intelligence will be a significant part of the upcoming future. You should be ready to see the new startups, consumer users and plenty of business applications with the transformation of certain jobs into entirely new ones. We are still unaware about the huge potential of artificial intelligence that can dramatically remake the economy. Therefore, according to the perspective of workers, artificial intelligence has a greater side of advancement but a darker side will end up with an increasing unemployment rate.

If you are looking for an AI-based web application developer then Objectual system limited should be your only stop. We are experienced in developing plenty of web apps for different businesses and end up with a 100% satisfaction rate.

If you are interested in accessing the money market then you can do it easily through money market mutual funds. Therefore, the smaller investors require an elementary understanding regarding commercial paper, repurchase agreements, certificates of deposit and treasury bills that make up the bunch of money market mutual fund portfolios.

In this blog, we will discuss how the money market funds operate and how they can help you. Let’s have some discussion on the difference between money market mutual funds and money market accounts:

Money market funds are not insured by the federal deposit insurance corporation, it carries risk that the investor could lose his money. The main difference between the money market accounts and funds is that the money market accounts are offered by the financial institution that are insured up to the certain limit whereas this is not the case with the money market funds as these are sponsored by the fund companies.

You may observe that the interest rate of money market accounts is higher than the savings account but lower than the money market funds. The withdrawals of money market funds are normally available on demand, whereas the balances in money market accounts are fixed so you do not have the right to withdraw as per your demand.

The reason behind it is that the money market mutual funds are held by the brokerage whereas the money market accounts are the liabilities for the bank so they invest that money somewhere else. When you are buying a money market mutual fund, you are purchasing securities and the broker is holding them. In the money market account, banks are investing your money somewhere else to earn and pay you the agreed upon return.

The Purpose of Money Market Mutual Funds

The main reason for considering market mutual funds as the suitable investment is that the level of liquidity is much higher. It helps you to have a convenient parking place for cash reserves.

If the investor has a basket of mutual funds associated with the same company then he may want to transfer the assets from one fund to another. So the wise decision is to sell your funds to the same fund company where the fund was offered in the beginning. Or you have the choice to exchange your funds with the other funds in the market.

To facilitate the client, brokerage companies utilize the money market mutual funds to provide the services of cash management.  Through putting the dormant cash of clients into market mutual funds and allowing them to earn extra percentage in annual returns more than earnings from the other possible investment securities.

Details of Money Market Mutual Funds

You can buy the shares in money market funds from mutual fund firms or directly from brokerage companies just like purchasing shares in stock. Some banks also offer money market funds to offer more investment opportunities. You can have some simplified withdrawal features in money market mutual funds that are associated with trust accounts and banks.

Let’s assume you want to withdraw assets by writing checks from the investment of your money market fund then you can do it, instead you can redeem your shares through requesting for money via mail or any other available way.

If you are thinking that you have lost time to change your lifestyle or achieve something you want, you are on the wrong boat. Indeed, it sounds so easy to change your mindset but it is very difficult. People make you believe that you do not have much time or expertise to learn something new, but you should not live on these terms. Using the terms “I can” and “I will” instead of “I cannot” helps you to achieve your desired results.

In this blog, you will come across with the 3 mindset that will help you to achieve success you want at any phase of your life. If you want more rich content to blow your mind or information in diverse areas then give a visit to the arsenal of Objectual system limited. We have gathered amazing content to facilitate you with the best information at a single spot. Find some below:

Be Mindful, You Always Have a Choice

No matter how many hurdles you are having in your life. Do not think that there is no chance to catch up both socially and academically. Be the outsider in every sense of the word, you have control over your life. If you are living in a fixed mindset that you cannot control your life then you are losing much.

Indeed, there are some factors we have no control over like social status of our family, where we born, the biological sex, the skin color etc. there are noticeable impact of such factors in your life but you may not be blame for the situation. You are responsible for the things you can work on like career, education and so on.

Accept a Bias towards Action

The approach of most of the people for getting motivation is completely dissimilar, as one type of people wants to get inspiration to get to work. In this way, you never know how much time you are going to waste to be inspired, it can leave you forever waiting.

The other type of people spends their own time and energy to motivate them from the work to be done. They do not wait to be inspired instead; they put efforts to execute the ideas amazingly in the real world. That is the quality of successful people.

Let Go Of the Want to Be Right

Sometimes, you have instinct about some decisions but the decision can go wrong. It can affect your morale according to the level of your need to be right about your beliefs. The fact behind this concept is that we all want to be certain about whatever we do or think about anything, it cannot happen all the time.

It is important to have a mindset of learning from the wrong decisions as we can learn the best from the observations. Make your observation ability very strong to hope for the little less wrong about your instincts of the decision.

Hadoop MapReduce is considered to slow down the computation because it reads and writes from the disk. Whereas Apache spark is a lightning-fast big data framework that is designed to boost computational speed. Spark runs on the top of Hadoop to provide a better computational speed solution. It is the lightning-fast gathered computing tool that runs applications 10x faster on disk and 100x faster in memory as compared to Hadoop. Due to the decreasing number of reading and writing cycles to disk and storing the information in memory makes it far better than the other one.

In this blog, you will come across the difference between Hadoop MapReduce and spark and why spark is considered better. Let’s have a look at the feature-wise comparison of both:

1. Introduction

Apache Spark

– It is an open-source big data framework. It provides a faster and more general-purpose data processing engine. Spark is designed for fast computation. It also covers a wide range of workloads for example batch, interactive, iterative, and streaming.

Hadoop MapReduce

It is an open-source framework to write applications, it can process unstructured and structured data that are stored in HDFS. It is designed in a way to process the huge volume of data on a bunch of commodity hardware.

2. Difficulty

Apache Spark

It is easy to use as it has a huge level of operators with a Resilient distributed dataset.

Hadoop MapReduce

It is very difficult to operate as it requires developers to hand-code every operation

3. Level of management

Apache Spark

It is capable of performing batch, interactive, machine learning, and streaming all in the same boat. As a result, it appears as a complete data analytics engine. There is no need to manage the specific component for every need. You just need to download spark and handle all the requirements easily.

Hadoop MapReduce

You can have a batch engine but it depends on different engines. As you need to use different components to manage the multiple tasks that are more difficult to manage.

Are you one of those who are struggling to understand the inner workings of a non-bank financial institution? If yes, then we are here to help. Indeed, understanding the financial industry is not a cup of tea for everyone. There are plenty of factors and sectors to get a strong grip with and each one of them has its criteria. You may find it a daunting task but believe me; you will get help to make the relevant decisions when it comes to your own investment choices.

A non-bank financial institution (NBFI) requires deep insights to fully understand. In this blog, you will find helpful information to assess the best financial routes you should go for. It is an institution that offers financial products and loans that are not fully licensed by the bank. These institutions provide more flexibility and leverage in terms of fees and rates to their customers. You are allowed to get low-cost loans to generate more competition in the banking world, in this way it competes directly with banks.

The priority of many people is to consider NBFI while looking for a loan for personal or business use. There are some of the most common types of NBFI are discussed below:

 Insurance Companies

Insurance companies deal with economic risks like damage, death, and risks to return. There are two main types of insurance companies: life insurance and general insurance. Life insurance is a long-term contract because it goes until the death of the insurer while the general one is the short-term contract.

Payday Lenders

Payday lending companies are the specialized ones that are known to provide limited financial services and short-term loans to the targeted demographic segment. Payday lenders are the quick solution for borrowers with unsecured business loans. One should prefer this way of financing to get credit or with limited resources to fund.

Financial Service Providers

Financial service providers are a team of security and mortgage brokers, financial advisers, and management consultants. They provide services on a fee basis to brokers or investors to liquidate their assets.

Institutional Investors

These investors trade securities in volume that meet the criteria for a lower commission. These non-bank financial institutions can come into being with mutual funds and pension funds.

Hopefully, at this point, you have a clear understanding of the operations of non-bank financial institutions to some extent. Nonbank lenders are regulated but unlike banks, as they do not hold a banking license. But there are proper lending policies just like banks but dissimilar then banks. You can compare the home loan policies from banks or non-bank financial institutions.

The main reason for opting for the non-bank financial institution rather than the bank is the level of eligibility. You can have a bigger line of credit that is unlikely to have from the bank. Be mindful when you are planning to get the loan from NBFI that you have the means to pay back the loan with interest. It is essential to check the interest out and compare with the market to avoid any massive surprises later. Make sure that the fees are feasible for you and what kind of service charges you are supposed to pay for the loan.

In the past, the Hadoop map-reduce framework was used to handle the larger scale dataset. But soon, their limitations were realized of Hadoop map-reduce, so apache-spark was targeted to handle these limitations. The prominent feature of apache spark is that it doesn’t require storing data of every operation rather processing memory.

The Inspiration Of Software Development

There are top three frameworks that are predicted to stagger for a sequel in 2021 and these are ReactJS, Angular, and NodeJS. All these platforms have their golden usages that are extremely helpful at the global level.

Why Practice Matters Just As Much If Not More Than Performance

Do you want to be an expert one from the average performer? If yes, then you should know the most effective strategy of becoming a professional that is practice. You can certainly become an elite athlete or professional one with sufficient musicians while having a great number of practices. This has been concluded from the landmark 1993 study that found out the role of practice is about 80% to make a difference in the overall performance.

Such a conclusion led to the popular idea that you need 10,000 hours of expertise to become an expert in a specific domain. Therefore, this fact is clear that practice makes a person perfect. One of the popular studies done by the researchers that appeared in psychological science in 2014 that the result of 88 different research papers showed the significant impact of practice on the overall performance in plenty of areas.

Regardless of the field, education, games, sports, music, or any other profession, practice is the one that plays a great role in acquiring new skills. Practicing a new skill has a significant role in the entire learning process, unsurprisingly. Therefore, the researchers observed that the role of practice is about 12% in individual performance, 26% in the field of games, 18% in sports, and 21% in music. But when it comes to the domain of profession and education, the practice has the least rate of 4% for making a difference.

Is It Difficult To Become An Expert?

The question seems complicated, but it is not easy to become an expert or professional at something. Other contributing factors play a great role in learning and skill development. Such as inborn talent, overall intelligence, memory capacity and many more are the other significant factors in your journey. The practice does not necessarily bring you to the destination of success. You need to follow the relevant kind of practice to increase skills and optimize learning.

The experience on hand is considered one of the best ways to learn new skills while mental practice cannot be ignored in this regard. Mental practice is associated with the procedures through performing a task, just like an actor mentally rehearses his character in the movie, a pianist practices the piece of music mentally, and so on. The combination of experience on hand and mental peace is the best one so far to become an expert.

The Best Way To Practice

It has also been concluded from the researchers that the way of practicing has a greater impact on the learning process of the person. It depends on the nature of skill you want to acquire like if you want to be a professional athlete, you need to be active in the sports ground. Whereas different mentioned ways can help you to make the most out of your practice:

• Be familiar with the process and tools of the desired skills
• Keep your practice sessions vary to help maintain enjoyment and interest
• Do not be scared to make mistakes, making errors is normal in the learning process
• Exploration is essential to learn any new skill

Therefore, be motivated and courageous when you begin your journey to learn new skills. If you are not sufficiently motivated or interested, you can lose your desired results.

According to the projection of IDC as of august 2020, the IT industry is expected to earn $4.8 trillion. Software development became an essential asset to businesses to grow and help enterprises be more innovative. Especially, because of the outbreak of covid 19, the importance of IT experts and technological advancement has been increased. The collection of cost-effective software technology is helping in diverse areas of businesses every day.

Businesses are using engaging online platforms to compete in the global market, so hiring software developers is crucial for businesses. It is essential to hire the right talent, if you are looking for the hub of professional developers then choose none other than objectual system limited. We have experience of years in the development of amazing mobile and web applications for several satisfied clients.

From the automation of tedious business tasks to problem-solving matters, software technology has become essential in the business world. In this blog, we will come across the top development trends that are going to dominate in the technological world in 2021:

Native App Development

If you are one of those who are unaware of native app development, here is brief information regarding the subject. It is the software application that is developed to work on the particular language for the specific platform. No matter if it is an android or IOS app, it is specifically for the single one. The native app development is gaining more momentum in the sector of banking and fintech, multimedia, and other sectors for flawless performance as per demand. Due to the higher demand for enhancing user experience, the initiative app development is predicted to gain more attention.

Progressive Web Apps

There is a clear difference between progressive web apps and traditional website in terms of functionality. It is easy to have access to websites whereas web apps require wider functionalities and higher performance by establishing platform-specific hardware support. Let’s have a look at some of the prominent features of progressive web apps:

Progressive

There is no restriction of the type of user for such apps, these can be used on any location or browser.

Responsive

PWAs can be used in any device regardless of mobile, desktop, or any other device.

No Need For Internet

The most prominent feature of such apps is to have access to low-quality internet even offline.

The developed money market of the country plays a significant role in the financial system through short-term securities instantly to trade and finance the short-term requirements of the industries. The money market is one of the essential parts of the country’s economy. However, the developed money market is extremely requisite for the instant development of the economy. It helps to smooth the functioning of the financial system in different mentioned ways:

Development Of Trade And Industry

It is a significant source to finance the industry and trade through commercial papers,  discounting operations, and other trade requirements of short-term working capital requirements. It facilitates the development of trade and industry domestically and internationally.

Development Of Capital Market

The rates of short-term securities that exist in the money market have an impact on the long-term interest as well as the resource mobilization in the capital market. The establishment of the capital depends on the existence of the capital money market.

Horizontal Execution Of Commercial Banks

The commercial banks are facilitated with the money market for temporarily employing their surplus funds in the realizable assets. It allows the banks to provide the funds instantly at the time of need. The money market facilitates the commercial market to enhance their cash requirement in hand by economizing at the same time they need the amount due to the large withdrawals of their depositor. Commercial banks can meet their statutory needs of statutory liquidity ratio and cash reserve ratio through the usage of mechanisms of the money market.

Effective Control Of The Central Bank

To have the effective functioning of the central bank, it is crucial to have a developed money market. It helps to have successful implementation for the monetary policy of the central bank. The money brings me money to the economy in siphons and slump. The central bank controls the flow of money of the county for the promotion of growth in a stable way.

Establishing The Relevant Monetary Policy

The money market is the true indicator to determine the level of the economy. Therefore, it serves as a guide to the government to formulate and revise the existing monetary policy as per the demanded needs. Policymakers analyse the money market carefully to come up with a more relevant policy.

Government’s Non-Expensive Source Of Finance

The developed money market is one of the primary sources to raise the short-term funds via treasury bills floated in the market. When there is no established money market, the state would be pressured to issue and print more money or borrow the currency from the market. Both strategies end up with the increase of inflation in the economy so it is essential to have a smooth money market.

If you have a small amount of money and you want to invest for a shorter period then short-term securities are the best option for you. Don’t waste your time and make more profit by investing in secured securities. There is more information available on the platform of objectual systems limited in the financial and other so many domains.

I read a blog a few days back regarding the ambition of the human-based company and found it true to the maximum extent. It was the story of the person who owned a private company named Vayner media. His agenda was to build a successful company to make the people thief  main asset. When someone used to ask him about his top priority so the reply appeared in a statement, “we are an HR driven company”. Means their main agenda was to enhance the healthy relationship with the people through preserving company culture.

The idea behind it was to make the great teams flourish the performance of the organization just like the teams in the sports. The entire team works hard to win the game. That is the power of synergy. Indeed, the media portrayals, movies, espresso bars, and snacks do not build a great corporate culture.  One cannot claim the satisfied corporate culture based on unlimited vacation days or open floor plans. The corporate cuthe of lture initiates from the top that is why the owner Vayner media used to say that he is the HR-driven CEO.

The internal culture of the company is the key to success, so being the CEO means you need to work as the head of HR also. Before caring about your employees as much as possible, that does not mean providing them exceptional health benefits and other perks is enough. It means then you should know each of your employees as individuals. The problem of most of the companies being unable to increase their bottom line is that their priority is to provide the same motivational drivers to all the employees, which is not the correct strategy.  Because not every employee is motivated by the health benefits and paycheck, so do not put every person in the same box.

So if you are on the top level of the company you must know the wants and needs of all of your employees as individuals.  You should know that the younger employees of your company are motivated by money whereas others want a work-life balance. To get the maximum productivity from each person you need to care about them according to their preference.

Are you wondering how to motivate your employees? The only way is to make strong interactions with them and gain the trust level so that they can share their real-life problems with you. It allows you to begin a beautiful relationship that can be initiated from the five minutes conversation to the long meetings in the conference room. It is amazing to know that a little communication can lead to a trustable relationship.

The main idea behind all the mentioned discussions is to create a great company culture. It helps you to bring awesome projects and accomplish them with the full potential of all the employees. Make sure that your staff is happy and excited about being part of your company by satisfying their needs and wants in any possible way.