Technology needs that are important in the finance-related industry
We all concur that the world is ever-changing, and advancements in technology have contributed much to the introduction of the internet. Consequently, the internet has improved how businesses are conducted. A business that incorporates technology in its daily operations is bound to enjoy competitive advantages, unlike the competitors who do not use the current technology. After visiting various businesses and companies and sharing with the management, I noticed a gap that needs urgent address. Considering that many funds are put in these investments, I saw the need to evaluate the best technology to help and steer their success and acquire the right returns.
To help decide on the appropriate technology tools important in the financial industry, I retrieved some data and information on the internet from different sources such as high-reliable sources comprising financial news sites and business sites such as Bloomberg. Through the platform, I learned that statistical and econometric software are increasingly incorporated in the finance industry (Lei et al. 73). Bloomberg has helped users obtain real-time financial and other data, carry out analytics, obtain news, and make financial decisions. Competition and the way financial information is provided to customers have changed through the use of Bloomberg. It provides data related to commodities, derivatives, equities, foreign exchange, asset management, credit analysis, emerging markets, hedge funds, regulation, risk, and treasury operations (Lei et al.75). Data about analytical tools include graphing and charts, instant messaging, portfolio and risk analytics, and collaborative tools. Such information is essential in my academic career because I will use the information gained to understand the underlying academic concepts in preparation for future careers in finance, banking, economic policy-making, and management. Besides, a better understanding of software packages will increase my chance of securing job opportunities. Besides, as a student, I will have the right financial and banking base concerning the economy and international financial markets.
However, Bloomberg’s data and information help my academic career and contribute much to my dream job. Proficiency in using the latest and appropriate software packages increases the chances of securing job opportunities in the contemporary world (Anmeng and Liu p. 34). Many employers prefer a person who has the excellent analytical ability, interpersonal skills, and a sharp understanding of industry technology. In that, they are sure of the investment’s success. Showing responsibility in managing finances, trustworthy individuals who can work under minimal supervision are important traits that employers are interested in when hiring new employees (Anmeng and Liu p.36). Therefore, what I have learned has equipped me with the right information and data to apply in my dream job.
Although I have learned to understand the finance industry from a different and better perspective, there are uses of technology still unclear to me. For example, new technology has led to new tools introduced in the finance industry without clearly understanding their uses. In return, it takes a long for true cost-savings to reach supply chains. I Am left asking myself, has anything changed since the introduction of new technology tools?
I consider the research advantageous in my life because I have the right base in the finance industry. My passion for financial stability drove me to the financial course I am currently undertaking. To help me achieve financial stability in the future, I ensure that I have a finance degree that will enable me to get to my dream career (Financial analyst). In light of what I learned about this software, I will research companies, industries, bonds, and stocks and help investors with acquisitions, expansion, and restructuring.