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Abhishek

Abhishek Shah  |76 Answers  |Ask -

HR Expert - Answered on Jul 24, 2023

Abhishek Shah is an experienced tech and HR leader. He has over 10 years of experience in helping create sustainable thriving businesses, leveraging technology and mentoring people. He founded Testlify, a talent assessment platform in 2022. He is passionate about helping founders build high-performing tech teams. ... more
Azim Question by Azim on Jun 08, 2023Hindi
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Career

Namaste sir, my son has scored 88% in ssc this year. He wants to make his career in Computer Science.Can you please suggest a road map so that he makes a business out of it. He is interested in AI.

Ans: Congratulations to your son on scoring 88% in SSC! It's wonderful to hear that he is interested in making a career in Computer Science and has a specific interest in AI. As an expert, I'd be happy to provide a roadmap to help him pursue a business in the field of AI. Here's a step-by-step guide:

Solidify the Foundation: Encourage your son to enroll in a good undergraduate program in Computer Science or AI-related fields. This will lay a strong foundation and expose him to various aspects of AI, such as machine learning, natural language processing, robotics, etc.

Gain Programming Skills: Proficiency in programming is crucial for AI. Suggest that he learns popular programming languages like Python and Java, as they are widely used in AI development.

Math and Statistics: AI involves a lot of mathematical concepts and statistical analysis. He should focus on learning linear algebra, calculus, probability, and statistics to understand the algorithms behind AI models.

Online Courses and Certifications: Advise him to complement his formal education with online courses and certifications in AI from platforms like Coursera, Udacity, or edX. These courses offer valuable insights and practical experience.

Personal Projects: Encourage him to work on personal AI projects. Building real-world applications will enhance his skills and create a portfolio to showcase to potential clients or employers.

Internships and Industry Experience: During his studies, he should seek internships or part-time positions at companies working on AI projects. This will give him practical exposure and networking opportunities.

Master's Degree (Optional): Depending on his interests and career goals, pursuing a master's degree in AI or a related field might be beneficial. It can provide specialized knowledge and research opportunities.

Stay Updated on Latest Trends: The field of AI is rapidly evolving. Advise him to stay updated with the latest research papers, attend conferences, and participate in AI-related communities.

Form Partnerships and Collaborations: Building a business often involves collaboration. Encourage him to connect with like-minded individuals, form partnerships, or join AI startups to gain more experience.

Identify a Niche: AI is a broad field; it would be wise for him to identify a specific niche within AI that he's passionate about. It could be healthcare, finance, education, etc.

Business Plan: Once he has a clear vision of his niche and expertise, help him create a detailed business plan. It should include the target market, potential clients, revenue streams, and marketing strategies.

Networking and Marketing: Building a business requires networking and marketing skills. He should attend AI-related events, conferences, and use online platforms to promote his services.

Ethical Considerations: Remind him to be mindful of ethical considerations in AI development. Responsible AI practices are becoming increasingly important in the industry.

Continuous Learning: AI is a dynamic field, and continuous learning is essential. Encourage him to explore new technologies, research, and incorporate feedback from clients or users.

Remember, building a successful business takes time and dedication. It's essential for your son to stay focused, persevere through challenges, and keep refining his skills. With determination and passion for AI, he can make a significant impact in the field and build a successful career. Best of luck to him on this exciting journey!

Regards,
Abhishek Shah
Career

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Asked by Anonymous - Nov 17, 2023Hindi
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Hi, My son is in the 10th standard and he is passionate about programming and technology. 1) Can you please suggest suitable options for him to get into the field of Artificial Intelligence and Data Mining? 2) Are there any courses or websites he can explore to learn more? 3) What are the employment opportunities? Is this field already saturated? 4) Would it be better for him to continue his studies in India or somewhere abroad? Thank you very much!
Ans: Certainly! It's great that your son is passionate about programming and technology, but to get into AI and Data Mining, he can start with a strong foundation in programming languages like Python and Java. Additionally, he should delve into relevant subjects such as statistics, mathematics, and machine learning. A computer science or related engineering degree would provide a comprehensive understanding of these domains. Many universities and institutions offer specialized courses and degrees specifically focused on AI and Data Mining.

To learn more about it, your son can explore specialized courses on platforms like College Vidya. College Vidya will help him find the best course and university/institution and can be a valuable addition, offering valuable counselling tailored to the Indian education system and industry requirements.

Employment opportunities in AI and Data Mining are abundant and diverse. Industries such as healthcare, finance, e-commerce, and technology actively seek professionals with expertise in these areas. While the field is competitive, the demand for skilled individuals grows, creating numerous job openings. The key is to stay updated with emerging technologies and continuously enhance skills to remain competitive in the job market.

4) The choice between continuing studies in India or abroad depends on various factors. Both options have their advantages. Studying abroad can offer exposure to diverse perspectives, cutting-edge research, and potentially better resources. However, pursuing education in India can be cost-effective, and excellent institutions offer quality education in AI and Data Mining. It's crucial to research specific universities and their programs and consider cost, cultural fit, and career goals before deciding.

Encourage your son to explore these options, participate in coding competitions, and engage with online communities to stay connected with the latest developments in the field. Ultimately, combining a strong educational foundation, practical experience, and a proactive approach to learning will pave the way for a successful career in AI and Data Mining.

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Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

Asked by Anonymous - May 03, 2024Hindi
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Hi, I am 30 years old, F, married (no kids yet) earning 1.3L/m. Currently I have 4 lakh in FD and a RD of 25K/m earning 7.1% interest. I have been doing SIP of 17.5K(and increase in SIP by 25% yearly). Also, I have an emergency fund of 4 Lakh in savings account. I don't have any knowledge of investment and not sure I am ready to take risk. Please suggest me how to asses risk and what are the best savings option for next 10-12 years.
Ans: It's great that you're taking steps towards financial planning and building wealth for your future. Assessing your risk tolerance is an important first step in determining your investment strategy. Here's a tailored approach to help you assess risk and explore suitable savings options for the next 10-12 years:

Risk Assessment:
Start by understanding your financial goals, time horizon, and comfort level with investment risk.
Consider factors such as your age, income stability, financial obligations, and future aspirations when evaluating risk tolerance.
Reflect on how you would react to market fluctuations and potential losses in your investment portfolio.
Investment Options:
Given your risk aversion, focus on low to moderate-risk investment options that offer stability and steady returns over time.
Explore fixed-income instruments such as Fixed Deposits (FDs), Recurring Deposits (RDs), and Debt Mutual Funds, which provide capital preservation and predictable returns.
Diversification:
While prioritizing safety and stability, consider diversifying your investment portfolio across different asset classes to manage risk effectively.
Allocate a portion of your savings to equity mutual funds or index funds with a conservative approach to benefit from potential long-term growth while minimizing volatility.
Savings Goals:
Identify your financial goals for the next 10-12 years, such as buying a home, starting a family, or saving for retirement.
Prioritize your savings goals based on their importance and urgency, and allocate your investments accordingly.
Regular Review and Adjustment:
Periodically review your investment portfolio and reassess your risk tolerance, financial goals, and market conditions.
Adjust your investment strategy as needed to stay aligned with your objectives and adapt to changes in your financial situation or life circumstances.
Financial Education:
Invest time in learning about different investment options, risk management strategies, and personal finance principles.
Consider seeking guidance from a Certified Financial Planner who can provide personalized advice and help you navigate the complexities of investing.
Remember, while it's important to prioritize safety and stability, being overly conservative with your investments may hinder your ability to achieve long-term financial growth. Find a balance between risk and reward that aligns with your goals and comfort level. With careful planning and informed decision-making, you can build a strong financial foundation and work towards achieving your aspirations over the next decade.

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Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

Asked by Anonymous - May 05, 2024Hindi
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Hi sir am 35yrs old , and i don't have any savings till now. I am planning to do SIP now onwards 30k per month and mai aim is to I need to achieve 1cr till 45yrs. Kindly suggest me some funds were can I invest.
Ans: Starting a Systematic Investment Plan (SIP) is a great step towards building wealth for your future goals. Given your goal of reaching 1 crore by the age of 45, it's essential to choose mutual funds that align with your risk tolerance, investment horizon, and financial objectives. Here are some suggestions for mutual funds to consider for your SIP:

Diversified Equity Funds:
Look for funds that invest across various sectors and market capitalizations to spread risk.
Consider funds with a proven track record of consistent performance and experienced fund managers.
Large Cap Funds:
Large-cap funds invest in established and well-known companies with a track record of stable earnings.
These funds offer relatively lower risk compared to mid and small-cap funds, making them suitable for long-term wealth creation.
Mid and Small Cap Funds:
Mid and small-cap funds have the potential for higher growth but come with higher volatility.
Invest in these funds if you have a higher risk appetite and a longer investment horizon to ride out market fluctuations.
Balanced Funds:
Balanced funds, also known as hybrid funds, invest in a mix of equities and debt instruments.
These funds provide a balance between growth and stability, making them suitable for investors seeking moderate risk with potential for capital appreciation.
Index Funds:
Index funds replicate the performance of a specific market index, such as the Nifty or Sensex.
These funds offer low expense ratios and are ideal for investors looking for passive investment options with diversified exposure to the equity market.
Tax-saving ELSS Funds:
Consider investing in Equity Linked Savings Schemes (ELSS) to benefit from tax deductions under Section 80C of the Income Tax Act.
ELSS funds have a lock-in period of three years and invest primarily in equities, offering the potential for higher returns over the long term.
International Funds:
Explore international funds that invest in global markets to diversify your portfolio and access opportunities beyond domestic markets.
These funds provide exposure to sectors and companies not available in the Indian market and can offer diversification benefits.
Before investing, assess your risk tolerance, investment horizon, and financial goals. Consider consulting with a Certified Financial Planner to create a personalized investment plan tailored to your needs and objectives. Regularly review your portfolio and make adjustments as needed to stay on track towards achieving your goal of 1 crore by the age of 45. Remember, disciplined investing over time can help you achieve your financial aspirations.

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Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

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What should be the investment even after retirement and in which fund
Ans: Post-retirement, it's crucial to maintain a well-balanced investment strategy that aligns with your financial goals, risk tolerance, and income needs. Here's a tailored approach to consider:

Investment Objectives:
Focus on preserving capital, generating regular income, and managing inflation risk to sustain your lifestyle in retirement.
Prioritize investments that offer stability, liquidity, and moderate growth potential to meet your income requirements.
Asset Allocation:
Allocate a portion of your retirement corpus to fixed-income investments such as bonds, debt funds, and Senior Citizen Savings Scheme (SCSS) to provide a steady stream of income and capital preservation.
Maintain exposure to equity through balanced funds or conservative equity funds to benefit from potential capital appreciation while managing volatility.
Regular Income Generation:
Consider investing in dividend-paying mutual funds or systematic withdrawal plans (SWP) to generate a regular income stream from your investment portfolio.
Opt for funds with a history of consistent dividends or reliable income distributions to support your post-retirement expenses.
Risk Management:
Prioritize investments with lower volatility and downside protection to safeguard your retirement savings from market fluctuations.
Diversify across asset classes and investment vehicles to mitigate risk and enhance portfolio resilience.
Tax Efficiency:
Choose tax-efficient investment options such as tax-free bonds, dividend-paying funds, or capital gains tax-exempt instruments to optimize your post-retirement income.
Leverage tax-saving opportunities available to retirees, such as Senior Citizens Savings Scheme (SCSS) or Pradhan Mantri Vaya Vandana Yojana (PMVVY), to maximize tax benefits.
Regular Review and Adjustment:
Continuously monitor your investment portfolio and adjust your asset allocation and investment strategy based on changing market conditions, income requirements, and personal circumstances.
Consult with a Certified Financial Planner periodically to ensure your investment plan remains aligned with your post-retirement goals and objectives.
Overall, maintain a balanced approach to post-retirement investing, focusing on income generation, capital preservation, and risk management. By diversifying across asset classes, prioritizing stability, and staying disciplined in your investment approach, you can build a resilient portfolio that supports your financial well-being throughout retirement.

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Mutual Funds, Financial Planning Expert - Answered on May 05, 2024

Asked by Anonymous - May 05, 2024Hindi
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Sir, I started investing in MFs since 2007. These are the schemes where I am investing currently. Do I need to make any changes to my portfolio? I am planning to invest Rs 50,000 per month for a period of 20 years. I want a corpus of Rs 5 cr after 20 years. Do I need to add any new schemes to reach my target? * Mirae Asset Tax Saver Fund G * Motilal Oswal NASDAQ 100 ETF * Parag Parikh Flexi Cap Fund * Aditya Birla Sun Life Mfg Equity Fund * Aditya Birla Sun Life Tax Relief 96 * 360 One Focused Equity Fund - Growth * Mirae Asset Emerging Bluechip Fund - Growth * Quant Tax Plan * Axis Bluechip fund * Canara Robeco Emerging Equities * Canara Robeco Equity Tax Saver * HDFC Gold Trader Fund Growth - Direct * HDFC Tax saver ICICI Prudential Technology Fund – Growth
Ans: You've built a diversified portfolio over the years, showcasing a thoughtful approach to long-term wealth creation. It's commendable how you've spread your investments across different market segments and themes.

To reach your target corpus of Rs 5 crore in 20 years with a monthly investment of Rs 50,000, it's essential to periodically review and adjust your portfolio. Consider rebalancing to ensure alignment with your goals and market conditions.

While your current portfolio includes a mix of equity, tax-saving, and thematic funds, consider adding diversified options to enhance portfolio resilience. Focus on funds with strong track records, experienced fund managers, and consistent performance.

As market dynamics evolve, keep an eye on new investment opportunities and emerging sectors. Stay informed and open to adjustments to optimize your portfolio for long-term growth and stability.

Remember, investing is a journey, and it's essential to stay patient, disciplined, and focused on your goals. With prudent planning and regular review, you're well-positioned to achieve your financial aspirations. Keep up the good work!

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IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on May 05, 2024

Asked by Anonymous - Apr 09, 2024Hindi
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Career
My daughter wants to pursue MBBS ,how can I get admission in AFMC pune
Ans: Hello Sir/Madam
Age: Candidates must be at least 17 years old and not more than 24 years old as of 31st December of the year of admission.

NEET UG Examination: Admission to AFMC Pune is through the NEET UG (National Eligibility cum Entrance Test for Undergraduate) examination conducted by the National Testing Agency (NTA). Candidates must appear for NEET UG and qualify with the minimum required percentile.

Online Registration: After the NEET UG results are declared, candidates who have qualified for NEET UG and meet the eligibility criteria for AFMC Pune need to register online on the official website of AFMC.

Screening Process: Shortlisted candidates are called for a screening process at AFMC Pune, which includes a written test, aptitude test, and interview. The written test assesses the candidate's scientific knowledge, the aptitude test evaluates the candidate's officer-like qualities, and the interview assesses the candidate's personality and suitability for a career in the Armed Forces.

Final Merit List: Based on the performance in the NEET UG examination, screening process, and other criteria, a final merit list is prepared for admission to AFMC Pune.

Medical Examination: Candidates who are selected based on the final merit list undergo a medical examination to ensure they meet the medical standards required by the Armed Forces.

Admission and Training: Selected candidates are admitted to AFMC Pune for the MBBS program and undergo training to become medical officers in the Armed Forces.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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