Basic guide to things you should take care of while preparing for UPSC

Basic guide to things you should take care of while preparing for UPSC

Hailed as one of the toughest exams at present in India, the UPSC exams offer a great new opportunity to the repentantly graduated engineering students. UPSC results not only hold importance in India but has also been accepted in many international universities as well.

Although these exams are tough, it is safe to say that these exams are a tough nut to crack. Without proper preparation and without proper guidance these exams are tough to get right in the first attempt for most of the participants.

Basic guide to things you should take care of while preparing for UPSC

Here is a basic guide to follow when you prepare for your exams:

Devise your own Study Plan

UPSC exams have a vast syllabus. It is only natural to feel overwhelmed by the sheer volume of the course is enough to put you in a bind. However, a well-thought outline of your study plan will help you out. Remember to begin your studies well before the exam to cover everything.

Know your Strengths and Weaknesses

When it comes to studying, being overconfident about your studies is not the correct way to go. You should know which subjects you need to work on and the ones you can take it easy. However, taking it easy does not mean you ignore the subject totally, you need to give time to these subjects as well but not as much as the ones you’re not so good with.

Manage your Time

Efficient studying happens only when you manage your time. Time management is the key to success. Give your studies ample of time, pay attention to the subjects that you are not so good with and make sure that you have ample of time to rest as well. The biggest mistake most students make during preparations is that they do not give themselves time. Rest up; you will need your mind to work at its best when you pick up your books.

Study Previous Year Question Papers

Studying does not equal to only hitting the books. You need to look at the previous year question papers. Taking a look at the previous year’s question papers will give you a clear-cut idea about the pattern of the paper. You will understand the distribution of marks for each subject and plan your studies further.

Find your Motivation

Preparing for UPSC exams is not a piece of cake. Most students opt out only because the going gets tough for them. To avoid this, you need to find your daily dose of motivation. You will need to keep yourself motivated. It is easy to forget why you started with the syllabus you need to cover, but if you remember the destination you are aiming for your journey will surely become smooth.

Exercise

Exercising is one of the most important things students must not ignore. Go for a jog or run, jump rope or play your favorite …

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Big data in Risk Management

Risk management is one of those which has been influenced by the big data concepts in the present times helps in enhancing the quality of business models due to the availability of the statistical information.

Big data allows the biggest advantage of creating the most powerful risk prediction model that can detect the points of uncertainty in the financial sector. In addition to that, it enhances the ability to analyze the data and use it for responding faster to the analytical problems. Not only this, it also provides an extensive risk coverage which can provide a broader outlook to the financial crisis.

In addition to that, big data also enhances the ability of the predictive systems to work upon the cost savings of an organization and make the process an automated one that would ensure that there is no risk of failure. If you are interested in choosing a career in big data, then opting for a big data course would boost your professional career.

There are a large number of areas in financial risk management which are greatly influenced by big data. Read more about them below:

Fraud Management

Earlier, the professionals used to deal with fraud management manually but with the advent of diverse and sophisticated technology along with the big data techniques, it has become easier to track information on a wider scale. It allows fraud detection at earlier stages and lowers down the possibility of damage to the minimum.

Credit Management

Predictive analysis is a part of big data which ensures that unstructured data collected from social media sites as well as marketing databases, etc., can be used for fraud detection and anticipating issues. The best part about analyzing the mobile as well as social media data is that it becomes easier for the people to determine the credit history, generate the credit as well as minimize the security risks for a client. Overall, it helps in broadening the scope of customers and create revenue streams for the firms.

Money Laundering

Big data helps in approaching a financial problem with close perspective because of which unforeseen incidents can be identified in the quickest possible way.

Market and Commercial Loans

Big data offers a great opportunity for enhancing the business and marketing plans and predict the exchange rates, liquidity, interest rates as well as raw material prices.

Operational Risk

With the help of big data tools and techniques, it has become easier to incorporate different platforms and offer the right solution that would provide the right information about the client interactions which helps in improving the confidentiality and enhances security.

Integrated Risk Management

Big data enhances the ability to approach a risk management issue with global vision by focusing on the areas of financial risks. Just by incorporating the ideologies of big data into risk management, it becomes easier for the firms to rely on the generated structured data that will prove to be profitable for the business and generate good revenues.

Although there is an infinite …

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