Tag: (IoBM)

Karachi, January 04, 2023 (PPI-OT):Whether a professional or a student, gaining technical skills can significantly boost your career, there are exciting opportunities for tech professionals based on the latest trends. New skills can help you attain job satisfaction, security, and earnings.

What thrived well three years ago may already be outdated by now. In 2023, people ought to learn the skills that will make them more well-informed about the latest technologies. First, data storytelling and data communication are key skills with great potential. Organisations must work with data through collection, processing, preparation, visualisation, analysis, interpretation, and storytelling.

Data storytelling is an interesting skill, especially if you have a background in data science or are interested in it. It is estimated that by 2025, around 70% of jobs will involve directly working with data. Data storytellers will use data visualisation tools to convey the data interestingly.

Second, cybersecurity is a key technical skill that can benefit many individuals. Cyber-attacks and data breaches pose a huge threat to many businesses, especially with remote working. Company data can also be compromised, leading to huge financial losses. Similarly, customer data breaches can make people lose trust in the specific company. Most companies actively seek cybersecurity experts to join their teams for more security.

These experts will be in high demand in 2023 and afterward, with an increase in technological advancement. Cybersecurity experts must know how to manage sensitive data, cloud migrations, and protect IT infrastructure.

Third, machine learning and artificial intelligence have significantly evolved with new technologies built on them. The recent invention of ChatGPT through AI has sparked mixed reactions. Individuals can ask the bot any question and get a relevant answer as long as the question is morally acceptable.

Machine learning is also being used widely to build great technologies. Therefore, if people want to dive into it, they can consider gaining domain knowledge, programming languages, and predictive and data analysis. Updating AI and ML skills can be game-changers in 2023.

Fourth, user experience (UX) design skills will be crucial in 2023. Digital transformation has resulted in high demand for UX designers who can make the technology user-friendly. This includes websites and apps. UX designers make it easier for people to use certain applications.

Like front-end developers, they ensure that the front (visible) side of mobile and web applications is easy to operate. For example, if people are facing a loss in their online store sales, they can consult a UX designer to make their websites much easier to use. If the add-to-cart button is hard to find, it will become hard for customers to make purchases.

While acquiring this skill, people need to do enough market and audience research, imagine different user personas, design wireframes, and conduct testing. People also need to know programming languages to play around with the code.

Fifth, cloud computing skills are really important to gain. Gartner forecasts that global cloud spending will reach $590 billion in 2023. Most companies consider cloud migration to ensure that all their data is well backed up.

Remote working has also increased the need for cloud computing experts. People will need to gain knowledge of SQL, Linux, database management, AI, ML, and cloud technologies if they are interested in cloud computing. Therefore, if people are thinking of improving their skills, cloud computing should be something on their minds based on their interests.

Sixth, the demand for digital marketing skills is growing rapidly. The rise of online stores, digital products, print-on-demand, drop-shipping, and other digital modes has created a thriving market for digital marketers.

This skill will help people capture the attention of customers and potential customers to convince them why product A is better than product B. Other marketing modes like social media advertising, influencer campaigns, search engine optimisation, and email marketing are equally great and can help any firm.

A digital marketer must have enough skills to promote products correctly. Marketing plays a huge role in the success of companies and should be given sufficient attention. For those interested in the marketing field, digital marketing is the way to go.

Seventh, learning more about DevOps is equally important. This field of study helps people learn more about practices and tools that integrate software development and operations teams to shorten the development cycle.

Therefore, it requires knowledge of Python, PHP, PERL, and Java. Learning DevOps requires regular integration, testing, and delivery. In as much as DevOps is technical, it requires soft skills like communication and collaboration. Therefore, it is important to be sure of the kind of skills you would want to learn before deciding to be a DevOps professional.

Eighth, product management skills are also important to learn. Product managers have a vital role in launching and managing successful tech products, the workforce, and shows. Product managers must also have some technical background and great soft skills such as negotiation, persuasion, empathy, and good leadership skills. It is crucial to have a product manager who will play a big role in ensuring that the launched products reach the target customers or market on time.

Ninth, software development skills are important to learn. Such professionals should be well-versed in JavaScript, Python, Go, Java, Flutter, PHP, Swift, R, Ruby, C, and C++. Software developers help reduce repetitive tasks by providing programs that users or staff can use to perform certain tasks in a company.

Tenth, blockchain knowledge is crucial. The famous bit coin is a product of blockchain technology. Blockchain is a data set characterised as a decentralised public record. The effects of blockchain in finance are set to be critical. It is estimated that 10% of the global GDP will be put away by blockchain by 2027.

This shows this new technology’s potential; it can also be used in recruiting by looking at qualifications and work history. Blockchain records information in a manner that makes it hard for anyone to hack the system or even alter it. Additionally, blockchain can boost security, efficiency, traceability, costs, and speed.

All these skills are crucial in 2023. People should put enough effort into ensuring they meet the right requirements to get hired by different companies. Whether you are a tech professional or interested in joining the field, these skills can be a game changer.

For more information, contact:
Institute of Business Management (IoBM)
Korangi Creek, Karachi, Pakistan
UAN: +92-21-111-002-004
Tel: +92-21-35090961-67
Fax: +92-21-35090968
Email: omer.iftikhar@iobm.edu.pk, mec@iobm.edu.pk
Website: https://www.iobm.edu.pk/

Karachi, December 31, 2022 (PPI-OT):IoBM’s CTO and Director CIT Dr. Imran Batada papers titled “Impact of Skill Development Program for producing Women Entrepreneurs in Pakistan” has been accepted by the Journal of Education and Educational Development (HEC Recognized Journal).

The study has shown that training programs initiated by the Pakistan government such as BBSHRRDB (Benazir Bhutto Shaheed Human Resource Research and Development Board) and NAVTTC (National Vocational and Technical Training Commission) have significantly ignited the interest of young women in getting involved in entrepreneurship activities.

The results of this study confirm that training programs play a key role in the advancement of women entrepreneurs through support from the government, donor agencies, banks, and chambers of commerce.

For more information, contact:
Institute of Business Management (IoBM)
Korangi Creek, Karachi, Pakistan
UAN: +92-21-111-002-004
Tel: +92-21-35090961-67
Fax: +92-21-35090968
Email: omer.iftikhar@iobm.edu.pk, mec@iobm.edu.pk
Website: https://www.iobm.edu.pk/

Karachi, December 28, 2022 (PPI-OT):Institute of Business Management (IoBM) and BankIslami Pakistan Limited signed a MoU on Wednesday, December 28, 2022. According to the MoU, BankIslami will serve as a knowledge partner to facilitate the operations of the Center for Islamic Business and Finance at IoBM. BankIslami will develop marketing content, provide scholarships, facilitate academic research and organize guest speaker sessions at IoBM. The signatories were Mr. Talib S. Karim, President IoBM, and Syed Amir Ali, President and CEO, BankIslami Pakistan.

Mr. Talib Karim said that Islamic banking and finance are the future, and we should facilitate human resource development. He advised gauging the Centre’s performance regularly. Mr. Talib Karim appreciated BankIslami support to IoBM in the fields of research and envisioned the creation of degree programs to facilitate Islamic banking.

“There is a need for Islamic finance professionals in Pakistan,” said Syed Amir Ali. He said that Pakistan’s economy could be structured on Islamic banking principles. He suggested a way forward on how to provide relevant training to academicians and corporate executives in the fields of Islamic banking. Mr. Amir called for the continuous monitoring of the action points of the MoU to achieve mutual success.

Representing BankIslami Pakistan were Mufti Javed Ahmad, Resident Shariah Board Member; Mr. Kashif Nisar, Head of Product and Shariah Structuring; Mr. Muhammad Irfan Ahmed, Head of Shariah Compliance; Mr. Muhammad Fahim Siddiqui, Head of National Product Manager, Distribution; and Syed Fahad Bin Tariq, Head of Marketing. Dr. Imam Uddin, Head of the Accounting and Finance Department, IoBM played an active role in the development of the MoU. Present on the occasion were IoBM’s Rector, Dean, Head of Departments, and management.

For more information, contact:
Institute of Business Management (IoBM)
Korangi Creek, Karachi, Pakistan
UAN: +92-21-111-002-004
Tel: +92-21-35090961-67
Fax: +92-21-35090968
Email: omer.iftikhar@iobm.edu.pk, mec@iobm.edu.pk
Website: https://www.iobm.edu.pk/

Karachi, December 22, 2022 (PPI-OT):Dr. Muhammad Shujaat Mubarik, Dean CBM, IoBM, has co-authored two books: “Human Capital, Innovation and Disruptive Digital Technology” and “The Dynamics of Intellectual Capital in Current Era”.

“Human Capital, Innovation and Disruptive Digital Technology” offers a comprehensive analysis of the role of human capital in industry 4.0, firm internationalization, and organizational ambidexterity and outlines strategies for the firm to improve.

“The Dynamics of Intellectual Capital in Current Era” provides an up-to-date survey of relevant concepts, research areas, and applications of intellectual capital (IC). It introduces a new application of IC and its association with contemporary disruptive technologies.

The books will be useful for top-tier managers, researchers, academicians, consultants, and practitioners interested in gaining a current, relevant, and diverse perspective on the impact of digital technology and how to develop human capital.

Read more about these books through the following links:

Human Capital, Innovation and Disruptive Digital Technology:

https://www.routledge.com/Human-Capital-Innovation-and-Disruptive-Digital-Technology-A-Multidimensional/Mubarik-Shahbaz-Abbas/p/book/9781032050799

The Dynamics of Intellectual Capital in Current Era:

https://link.springer.com/book/10.1007/978-981-16-1692-1#about-this-book

For more information, contact:
Institute of Business Management (IoBM)
Korangi Creek, Karachi, Pakistan
UAN: +92-21-111-002-004
Tel: +92-21-35090961-67
Fax: +92-21-35090968
Email: omer.iftikhar@iobm.edu.pk, mec@iobm.edu.pk
Website: https://www.iobm.edu.pk/

Karachi, December 21, 2022 (PPI-OT):ChatGPT was just launched recently on November 30, 2022, and has gained a lot of popularity. In just five days, it got over one million users. This is compared to Facebook which took 10 months to reach over a million users. This shows how many people rushed to go use the ChatGPT tool, which is an artificial intelligence chatbot software that can write codes, poems, essays, and much more. So: would that be the future of content writing?

AI continues to grow with each passing day. You just need to type a question or task in the tool, and it will give the right response based on the assignment. Before its launch, it had been properly trained to answer any query. ChatGPT is just like humans, and generates answers just like a natural language. You can easily mistake the tasks done by the tool as those done by a human. You can ask the ChatGPT AI tool to do anything for you. The tool can be used to boost human productivity in different sectors.

However, in as much as the tool is reliable it doesn’t have a way to verify whether what it has generated is true or not. However, it interacts in such an amazing conversational way that makes it appealing to most people. Even with the fear that it may take up some tasks done by humans, technology will grow and open up opportunities for people in other ways.

The beauty of this AI tool is that it doesn’t answer illegal questions like how to smuggle drugs or how to steal’, etc. Therefore, it was still made ethically for the sake of the users, and answers questions that are beneficial and not destructive. It is like talking to Alexa who is a phone assistant. ChatGPT is a great tool that can also work like Google Search by providing relevant simplified information based on queries.

However, the ChatGPT AI tool – while amazing – has a problem in fixing the issue of when it provides wrong answers. The training of the AI tool to decline some questions makes it not answer some questions to which it has answers.

During the tool’s training, trainers played both sides, the user and the AI assistant. This was to ensure that it functioned perfectly. It is a unique kind of chatbot in that it remembers previous prompts from a specific user which makes it viable to be used as a personalized therapist.

However, the AI tool has some limited knowledge of some events that have occurred and is therefore unable to provide relevant information. The training data may also suffer from algorithmic bias in which it would provide vague responses to things without really having the facts.

ChatGPT can produce impressively detailed text that can be used even in essays. However, this may not be readily accepted in academics as it can be termed as cheating. This can even affect the demand for knowledge workers.

Work that would have taken a whole day can be done within 30 minutes or an hour using the tool. Furthermore, most tech investors are pouring billions of dollars into startups specializing in the generative AI field to make it easier for computers to automatically create text, videos, photos, and other media.

Ideally, most web3 developers are shifting their attention from NFTs and crypto to open-source generative AI initiatives. ChatGPT was trained on a large amount of text data and learnt to recognize patterns that allow it to mimic different writing styles.

Open AI isn’t so elaborate on what they used to train their model but used web content, Wikipedia, and archived books. It offers some creative responses as compared to other language models made by other AI tech companies. The ChatGPT can even be used to power certain features in digital document software.

One other major challenge is that it is not reliable enough as a decision-making tool for legal research as it might not provide the right facts upfront. Additionally, it can lead to some big disruptions during web searches due to its query answers. If the chatbot continues to grow, Google might need to update its core search technology to remain in demand.

Due to the vast usage of the tool, it shows how people would prefer getting their questions answered upfront without having to query the search engine. Initially, even if people use the tool, they still go to Google to see what the results are.

At the moment, ChatGPT is free to use but, with time, the founders might need to monetize it. ChatGPT writes better than most students, and it can easily threaten human learning. Just like the calculator that helps in the calculation, the tool may help in content development.

ChatGPT is also doing great work in programming code. It even retraces steps humans have taken and offers advice that can be helpful to developers while doing their work. Surprisingly, it allows even users to write website code using the React tool and even parse regular expressions.

It’s like having a programming tutor. ChatGPT gives you a straight answer based on your query, while Google supplies suggested answers to questions and links to websites that seem relevant.

ChatGPT is a great AI tool that everyone can use – from students to professionals. It can be useful if you have limited time to do certain tasks. The development of AI tools is making people think out of the box about the kind of technologies that can boost workload and lessen repetitive tasks. At the end of the day, advanced technologies will ensure the growth of the world. The writer is CTO and director, Centre of Information Technology at IoBM. He tweets @imranbatada and can be reached at: Imran.batada@gmail.com

For more information, contact:
Institute of Business Management (IoBM)
Korangi Creek, Karachi, Pakistan
UAN: +92-21-111-002-004
Tel: +92-21-35090961-67
Fax: +92-21-35090968
Email: omer.iftikhar@iobm.edu.pk, mec@iobm.edu.pk
Website: https://www.iobm.edu.pk/

Karachi, December 15, 2022 (PPI-OT):The 25th “Silver Jubilee” Convocation of IoBM was held on Saturday, December 10, 2022. Executive Director, Ms. Sabina Mohsin, led from the front the Convocation Planning Committee (CPC) that completed all tasks of the milestone Convocation with dedication. This event could not have been possible without the guidance of President IoBM, Mr. Talib Karim and ED Admin, Ms. Sabina Mohsin. She has been the Convenor of the CPC since IoBM’s first Convocation that was held in 1998. This is a momentous moment for IoBM, indeed!

The Institute of Business Management (IoBM), Karachi, held its 25th Convocation at its Korangi Creek Campus on Saturday, December 10, 2022. 1,374 graduates from numerous departments were conferred educational degrees at the ceremony this year which marks the Silver Jubilee convocation of IoBM.

The Chief Guest, Governor Sindh, Kamran Tesori graced the event with his presence. He was accompanied by Guest of Honour, Muhammad Aurangzeb, President and CEO, Habib Bank Limited and Keynote Speaker Mr. Abid Vazir, Director and COO, Cherat Packaging Limited.

In his welcome address, IoBM President, Talib S. Karim congratulated the graduates on their success while aspiring them for the future ahead. He quoted the vision of late founding President of IoBM, Mr. Shahjahan S. Karim, who envisioned to establish a business school imparting quality education.

Mr. Talib extended a deep gratitude to members of the Board of Governors for their continuous support. He also acknowledged the Executive Director Ms. Sabina Mohsin’s hard work over the past 27 years in paving the way for the institute to host successful convocations year after year.

Closing his speech, he advised the graduates to be respectful towards their parents and follow the path of IoBM alumni who have done remarkably well in the corporate sector. The chief guest Mr. Kamran Tesori in his speech stated that the youth are the foundation that this great nation is built upon. He emphasized: “In the form of IoBM, Shahjahan S. Karim has given this country a great educational institution which has become a pride for Pakistan.

Today, as you graduate from this auspicious university, it is crucial to embrace and portray the positive side of Pakistan as you step into the corporate world. The nation today needs good human beings who are educated and intellectual. It is crucial that as future leaders, you don’t get divided by ethnicity but take charge as Quaid e Azam had envisioned.”

Addressing the gathering, Chancellor IoBM, Mr. Bashir Jan Muhammad expressed his sentiments stating: “I see before me the generation of the future. The founder of the nation stated that the job of building the nation lies upon your shoulders. It is time to control your destiny, dream higher and reach for impressive milestones in your career.”

While inspiring the graduates to become change makers of the future, Mr. Muhammad Aurangzeb said that at every turn in life, individuals must ask themselves if what they are doing is helping people and making their lives easier. It is great to be successful in your chosen fields and have illustrious careers, but it is one of life’s greatest blessings to become a good human being. He encouraged the graduating batch to be humble, be patient, and strive for the stars while practicing ‘Confident Humility’.

The Keynote Speaker, Mr. Abid Vazir lauded the graduates, noting: “You are graduating from an institution that has prepared you well for the challenges that lie ahead. You are entering a new chapter in your life in an exciting world that is full of challenges and opportunities amplified by social media and the connection revolution.

The dynamic corporate world outside is open for passionate individuals, intent on carving their own paths and taking initiatives. So develop your leadership skills and don’t sit back on your laurels.” The students who were part of the graduating batch this year received their degrees in business administration as well as other relevant disciplines. 18 gold medals were also awarded to the highest achievers within their respective programs. 38 students were awarded merit certifications at the occasion as well.

For more information, contact:
Institute of Business Management (IoBM)
Korangi Creek, Karachi, Pakistan
UAN: +92-21-111-002-004
Tel: +92-21-35090961-67
Fax: +92-21-35090968
Email: omer.iftikhar@iobm.edu.pk, mec@iobm.edu.pk
Website: https://www.iobm.edu.pk/