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The golden years are over: Why you should definitely not become a programmer

11/03/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In recent decades, programmers have often been considered the heroes of the digital age. They were considered the creative minds who revolutionized the world and created technologies that improved our daily lives. However, despite the glorious fame of times past, there are some key reasons today why you should definitely not become a programmer.

Saturation of the job market:

The exponential increase in the number of people who have flocked to the programming industry in recent years has led to a significant saturation of the job market. As a result, salaries are not as high as they once were, and competition for coveted positions is enormous.

Outsourcing abroad:

Many companies have realized that programming work can be outsourced at a low cost. As a result, jobs are being moved to countries where labor costs are lower. This trend is putting further pressure on salaries and working conditions for programmers in many countries.

Rapid technological change:

The world of technology is changing at breakneck speed, and programmers need to stay current to stay relevant. This means they must continually improve their skills through ongoing training and lifelong learning.

Lack of recognition:

Although programmers are the driving force behind many successful projects, they are often not properly recognized. Their work often remains in the background, and their successes are attributed to the company rather than the individual.

Monotony of tasks:

In many programming jobs, the work revolves around solving similar problems, which can lead to a certain monotony. This can lead to the work becoming less fulfilling after a while.

Work-life balance:

The constant accessibility and need to always be available in today's fast-paced digital world can make it difficult to maintain a healthy work-life balance.

Automation and Artificial Intelligence:

With increased automation and the advent of Artificial Intelligence, there is a possibility that some programming jobs may become obsolete in the future.

While programming is undoubtedly an important skill and there are still fascinating aspects to the technology industry, it's important to recognize the realities of today's job market. If you are not passionate about diving into the world of programming and are prepared to withstand the challenges of this industry, it may be wise to explore other career paths that better fit your interests and goals.

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Influencer marketing: Collaborations with influencers to increase awareness

11/02/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Influencer marketing has become one of the most effective strategies for increasing brand and product awareness. For start-ups, working with influencers can be a quick and efficient way to reach their target audience. In this article, we will discuss why influencer marketing is important and how start-ups can build successful partnerships with influencers.

Why is influencer marketing important for start-ups?

Access to the target group: Influencers already have an engaged following, which often consists of your target group. Working with them allows you to effectively target this audience.

Trustworthiness: Influencers have built up the trust of their followers. If they recommend your product or service, this can increase trust in your brand.

Increasing brand awareness: Through social media presence and the reach of influencers, start-ups can quickly increase their brand awareness.

Steps to successful collaboration with influencers:

Identify the right influencers: Research influencers that fit your industry and target group. Consider the size of their following and the quality of their engagement.

Make contact: Find a way to get in touch with the selected influencers. This can be via social media, email or influencer platforms.

Provide clear added value: Explain how the collaboration can be beneficial for both the influencer and your start-up. Offer clear benefits such as product samples, commissions or sponsorship.

Prioritise authenticity: Let the influencer convey the message in an authentic way. Compulsive or inauthentic advertising can damage the trust of followers.

Collaboration agreement: Create a written agreement that sets out the expectations of both parties. This should include details of the collaboration, compensation and timeframe.

Encourage creativity: Give the influencer room to be creative. The best collaborations are often those in which the influencer can contribute their own voice and personality.

Success stories in influencer marketing:

Daniel Wellington: The watch brand Daniel Wellington has significantly increased its brand awareness by collaborating with Instagram influencers. They encouraged influencers to share pictures with their watches and offer a unique discount code to appeal to their followers.

Fashion Nova: The clothing brand Fashion Nova has built up a huge fan base by collaborating with influencers from the fashion industry. These influencers wear the latest Fashion Nova collections and share their looks on their social media platforms.

Influencer marketing offers start-ups the opportunity to quickly attract attention and build trust with their target group. By choosing the right influencers, maintaining authenticity and communicating clearly, start-ups can create successful partnerships that support their growth.

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Personnel development and further training in young companies: investing in success

11/02/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In young companies, especially start-ups, staff development and training can easily be overlooked when the focus is on rapid growth and product development. Yet these aspects are crucial to building a talented and committed team and ensuring long-term success. In this article, we will shed light on the importance of staff development and training in young companies.

Why is staff development important?

Technical expertise: Continuous development of employees' technical skills enables a company to keep pace with the latest trends and technologies.

Motivation and employee retention: Investing in employee development shows that the company is interested in their success. This can increase employee retention and motivation.

Leadership development: Identifying and developing leadership talent within the organisation is critical to securing the future leadership pipeline.

Innovation power: Through training and development programmes, employees can develop new ideas and innovative approaches that benefit the company.

Successful personnel development steps:

Needs analysis: Determine the individual development needs of your employees. This can be determined through interviews, performance appraisals and feedback.Clear development goals: Set clear goals for employee development. These goals should be specific, measurable, achievable, relevant and time-bound (SMART goals).

Training and development programmes: Offer training and development programmes that are aligned with employees' individual development goals.

Mentoring and coaching: Promote mentoring and coaching programmes to pass on experience and knowledge within the company.

Evaluation and feedback: Regular progress reviews and feedback sessions are crucial to ensure that employee development is on track.

Further training in young companies:

Access to resources: Make sure your employees have access to educational resources such as online courses, specialised literature and training courses.

Time for training: Allow employees to schedule time for training activities and encourage them to acquire new skills and knowledge.

Promote a learning culture: Create a corporate culture that supports lifelong learning and continuous development.

Measurable results: Make sure that the training outcomes can be measured. This can be done through tests, projects or the application of what has been learnt in day-to-day work.

Employee involvement: Ask employees for feedback on training to ensure that the programmes meet their needs.

Personnel development and training are not one-off events, but continuous processes. However, in young companies, they are critical to empowering employees to drive the business forward and meet ever-changing challenges. Investing in the development of your employees is a step towards long-term success and competitiveness on the market.

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The Business Information Systems degree programme: A look at the course content

11/02/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Business informatics is a multidisciplinary field that studies the interface between information technology and business processes. In this article, we take a closer look at the study of business informatics and the exciting topics that students explore.

Fundamentals of computer science and programming

The study of Information Systems often begins with a solid introduction to the fundamentals of computer science, including programming, data structures, algorithms and software development. These skills are critical to developing technology solutions to business problems

Business fundamentals

To understand the business aspects, students study business fundamentals such as marketing, financial management, accounting and organisational management. This enables them to develop technology solutions in the context of business needs

Data management and databases

Since data is crucial in businesses, students learn how to manage, store and analyse data efficiently. This includes working with databases, data modelling and data analysis.

Business Process Management

The optimisation of business processes is at the heart of business informatics. Students learn how to analyse, improve and automate business processes to increase the efficiency and profitability of companies

Enterprise Resource Planning (ERP) Systems

ERP systems are software solutions that help companies integrate various business processes. Students learn how to implement and manage ERP systems to increase business efficiency.

Information security and privacy

The security of information systems is of great importance. Students study the basics of information security, cybersecurity and data protection policies to protect corporate data.

Project Management

In Information Systems, project management skills are crucial as many projects involve the implementation of new technology solutions in businesses. Students learn project management methods and tools

E-business and e-commerce

The Information Systems degree also covers the various aspects of e-business and e-commerce. Students learn how to develop online marketing strategies, create e-commerce platforms and implement digital business models.

Practical projects and internships

During their studies, students often work on real projects to apply their knowledge in practice. Internships in companies offer the opportunity to gain practical experience in the implementation of technology solutions for business processes.

Professional preparation and certifications

Many business information systems programmes integrate career preparation courses and offer the opportunity to earn certifications in relevant fields. This eases the transition into the professional world and demonstrates graduates' qualifications to employers

Conclusion

The Business Information Systems degree combines technical knowledge with business expertise and offers a wide range of study content. Graduates are well-positioned to succeed in a variety of positions in corporations, government agencies or consulting firms. With a strong focus on the integration of information technology into business processes, business informatics graduates are sought-after professionals in an increasingly digital world.

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How to use data analysis to identify patterns in time series data?

11/02/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

To identify patterns in time series data, data analysis can use a variety of methods and techniques. Here are some approaches that can be helpful in identifying patterns in time series data:

Visualization: start by graphically representing the time series data. Charts such as line graphs or area plots can help you see the general trend of the data and identify potential patterns.

Smoothing techniques: Use smoothing techniques such as moving average or exponential smoothing to reduce short-term fluctuations and understand the underlying trend of the data. This allows you to identify long-term patterns or seasonal effects.

Time Series Analysis:Apply statistical methods for time series analysis, such as autocorrelation function (ACF) and partial autocorrelation function (PACF), to identify dependencies between past and future values of the time series. These methods can help you identify seasonal patterns, trend components, and other time dependencies.

Trend analysis: use regression models to model the trend in time series data. This can help you identify long-term upward or downward trends and detect outliers that are not consistent with the overall trend.

Pattern recognition: Use advanced pattern recognition techniques such as cluster analysis or pattern classification to identify specific patterns in the time series data. These techniques can help you identify groups of similar patterns or uncover anomalies in the data.

Time series forecasting: use forecasting models such as ARIMA (Autoregressive Integrated Moving Average) or machine learning to predict future values of the time series. These models can help you identify latent patterns in the data and make predictions for future trends or events.

It is important to note that identifying patterns in time series data can be a complex task and different techniques should be combined to achieve meaningful results. In addition, domain knowledge and expert knowledge can be of great importance when interpreting the results.

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