As the world is marching towards newer avenues in the field of technology and innovation, all the industries are getting aided with breakthrough inventions. The area of automation is set to simplify the daily processes, and businesses have turned themselves adaptive to these changes.
Being a financial analyst, you will have to conduct plenty of research to arrive at insightful conclusions, and therefore you will need some help and support while doing that. You can get all the relevant information through some remarkable finance courses in India to help you during the process.
Along with the educational front, you will also have to adopt some great applications that have made the lives of financial analysts easier. Good online finance courses in India, such as the XLRI financial analytics course, will help you to understand their usage better.
The Applications For The Better
Here are some of the best financial applications that you can choose to simplify your life and efforts. Once you get accustomed to using these applications, you will be able to focus more on the core competency of your business.
1. Federal Reserve Economic Data Application
The task of tracking thousands of variable data series spanned across local and international markets is a very tedious task. More often than not, this information is not readily available, thus making the job of a financial analyst more difficult.
The federal reserve economic data application helps the analyst to track all this arcane information at the disposal of their fingertips. You get access to hundreds of graphs and charts that you can download to aid your research in the form of findings.
The analysis of these graphs requires some skills, and therefore it is best to nurture your skillset accordingly. You can take the first step in this direction by opting for an online finance course in India.
2. uValue Application
Are you spending a ton of your time performing corporate valuations? If yes, uValue application will become your saviour in your quest to save time and energy. The uValue app has been identified as a great invention that helps the user to perform various preset operations without constant indulgence.
The formulas can be directly applied to the inputs, and thus you will get your results faster than ever. You will also gauge direct insights into critical metrics such as exchange-rates forecasts.
The use of the uValue application demands a robust financial background since there is a lot of backend analysis responsible for the final outputs. If you want to cultivate your skills before deep diving into this field, you can opt for the XLRI financial analytics course.
3. Market Scan Application
The market scan application is often cited as one of the best financial applications to track the flow of shares and indices. You can choose to follow individual stock listings or go for a combined analysis for a group of shares.
The application features intelligent features and operations that come in handy for stock traders and corporate investors. You also get the platform to create multiple charts and diagrams to track the movement of the stock and other commodities.
Note: The application is not yet available for android users.
4. Thomas Reuters Eikon Application
Thomas Reuters Eikon is the best application to track the ins and outs of the financial world. It is one of the simplest platforms to follow the live profit and loss status of commodities along with the tracking of changes in your portfolio.
You can also combine the algorithm of the application as an extension to google chrome so that your searches can be extracted as external data. This is a convenient tool as it helps the user to save a lot of time which is usually lost in feeding this data into the system.
The application can also work offline, but you must have worthy insights into the subject matter to feed relevant data. You can learn all the essential topics and executions through multiple finance courses in India that are available at your disposal.
5. CNBC Business News And Finance App
Although there are many applications that can be used to stay updated with new events and happenings, the CNBC Business News And Finance App is one of the oldest and highly rated applications.
The application is meant for all business enthusiasts as it shows all business-related news in a straightforward format. The application is easy to use, and therefore the people who are novices in the field can utilize it without any setbacks.
If you combine your education from any finance course in India with a regular screening of this application, you will experience a multifold positive impact on your knowledge. It is imperative to know the highs and lows of the market for efficient decision making.
6. Finshots
For a financial analyst, time equates directly to money. You have to keep a sound check on your time so that you can capitalize the most during peak hours.
However, to analyze full-fledged articles, you will require a decent amount of time to grasp the hidden insights completely. If you feel that you run a little short on time during your working hours, you can take the help of finshots to update yourself in a whisker.
The application provides news snippets with significant pointers so that everyone can stay at the top of their game without shelling out much time in research.
The Golden Rule
The field of financial analytics is critical for every business since data is the common thread that binds all business processes together. You will need it at every juncture in your business, and therefore it is crucial to keep learning.
Since there are so many options to learn the hidden insights of finance, it can get a bit daunting to select the suitable medium to upskill yourself. However, TalentEdge solves that problem for you.
TalentEdge provides some of the finest finance courses in India to help an individual in their journey of becoming a great financial analyst. Their tailor-made curriculum comprises all the essential points, and you can choose the course that fits the best with your current level of knowledge.