80+ JUSTO Realfintech Interview Questions and Answers

Customers leaving a US-based international bank in Asia for local/regional banks.

• Possible reasons could be lack of understanding of local market and culture

• Inability to provide personalized services to customers

• Higher fees and charges compared to local/regional banks

• Competition from other international banks with better offerings

• Negative perception due to scandals or controversies involving the bank

• Lack of innovation and adoption of new technologies

• Language barriers and commu...read more

To push up declining sales of a major player in the ready to eat food category in Tier I cities in India, recommendations include targeting IT/consult sector people and hostelites, improving product packaging and branding, offering discounts and promotions, expanding distribution channels, and conducting market research.

• Target the IT/consult sector people and hostelites as the primary consumer segment

• Improve product packaging and branding to attract attention and differentiat...read more

To optimize costs during Covid-19, technology is essential. Here are some financial and technical suggestions to convince someone.

• Explain how technology can automate processes and reduce manual labor costs

• Provide examples of successful cost optimization through technology implementation

• Highlight the long-term benefits of technology investment for cost savings

• Suggest cloud-based solutions to reduce infrastructure costs

• Recommend the use of data analytics to identify cost-saving...read more

The factory is facing rising costs due to transportation company charging for trucks staying in the factory area.

• Analyze the transportation company's pricing structure and negotiate for a better deal

• Consider alternative transportation options such as rail or water transport

• Optimize the factory's logistics to reduce the time trucks spend in the factory area

• Explore the possibility of outsourcing transportation to a third-party logistics provider

I would approach this question by breaking it down into smaller parts and gathering data from various sources.

• I would start by researching the population of Lucknow and the average consumption of beer per capita in India.

• I would also look into the number of bars, restaurants, and liquor stores in Lucknow and estimate their sales.

• I would gather data from beer manufacturers and distributors to get an idea of their sales in the region.

• I would also consider any major events or fe...read more

To revive sales for the automotive industry client, focus on improving marketing strategies, expanding product offerings, and enhancing customer experience.

• Analyze the market trends and customer preferences to identify the reasons for decreasing market share

• Develop targeted marketing campaigns to promote commercial vehicles and increase brand awareness

• Introduce new and innovative features in commercial vehicles to attract customers

• Expand the product portfolio by introducing n...read more

The number of DPS branches all over the world is not available.

• The exact number of DPS branches worldwide is unknown.

• DPS does not publicly disclose the total number of branches.

• The number of DPS branches may vary over time due to openings and closures.

• To obtain the current number of DPS branches, contact DPS directly.

My maximum impact was in the XYZ project where I successfully implemented cost-saving measures resulting in a 20% reduction in expenses.

• XYZ project - maximum impact

• Implemented cost-saving measures

• 20% reduction in expenses

I have extensive experience in cloud security and have worked on multiple projects in the past.

• Implemented security measures for cloud-based applications and infrastructure

• Conducted vulnerability assessments and penetration testing

• Developed and implemented disaster recovery plans

• Worked on projects involving AWS, Azure, and Google Cloud Platform

• Collaborated with cross-functional teams to ensure compliance with industry standards and regulations

The three phases of a project at ABC - Diagnostics, Design, and Implementation

• Diagnostics phase involves gathering information and analyzing the current state of the oil and gas company

• Design phase focuses on developing a plan or strategy to address the identified issues or goals

• Implementation phase involves executing the plan, monitoring progress, and making necessary adjustments

• Example: In the diagnostics phase, consultants may conduct interviews, collect data, and analyze ...read more

I have experience in managing and selling various financial products.

• Managed a portfolio of mutual funds and provided investment advice to clients

• Sold insurance policies and explained the benefits and coverage to customers

• Assisted in the underwriting process for loans and evaluated creditworthiness of applicants

• Developed financial models to analyze the performance of different investment options

• Collaborated with other departments to create marketing materials for financial pr...read more

Qualified SSA is used for calls that meet specific criteria, while unqualified SSA is used for calls that do not meet the criteria.

• Qualified SSA is used for calls that meet specific criteria set by the organization or client.

• Unqualified SSA is used for calls that do not meet the criteria and may require a different approach or response.

• Examples of qualified SSA calls include customer inquiries that can be resolved within a certain timeframe, while unqualified SSA calls may in...read more

In a project to reduce customer complaints, I suggested using social media listening tools to identify and address issues proactively.

• Proposed using social media listening tools to monitor customer feedback

• Analyzed data to identify common complaints and patterns

• Developed a proactive approach to address issues before they escalated

• Resulted in a 30% reduction in customer complaints within 3 months

Working capital financing is the management of short-term assets and liabilities. Ideal working capital ratio for FMCG companies is 1.5 to 2.

• Working capital financing involves managing short-term assets and liabilities to ensure smooth operations.

• It includes managing inventory, accounts receivable, and accounts payable.

• The ideal working capital ratio for FMCG companies is 1.5 to 2, which means they have enough current assets to cover current liabilities.

• A higher ratio may ind...read more

India's power scenario is complex with challenges faced by thermal power plants.

• India's power demand is increasing rapidly

• Renewable energy sources are being promoted to reduce dependence on fossil fuels

• Thermal power plants are facing challenges due to shortage of coal, environmental concerns, and competition from renewable sources

• Several thermal power plants are operating below capacity or shutting down

• Government is taking steps to address the issues and promote sustainable p...read more

Accenture is a global professional services firm providing strategy, consulting, digital, technology and operations services.

• Accenture is a multinational company that offers a wide range of services to clients across various industries.

• It provides consulting, technology, and outsourcing services to help clients improve their business performance.

• Accenture has a strong focus on digital transformation and innovation, helping clients to leverage new technologies to drive growth ...read more

Extensive experience in cloud project planning and delivery management.

• Managed end-to-end delivery of multiple cloud migration projects for clients in various industries.

• Developed project plans, timelines, and budgets for cloud projects.

• Collaborated with cross-functional teams to ensure successful project delivery.

• Implemented agile methodologies to improve project efficiency and delivery timelines.

• Provided regular project status updates to stakeholders and senior management.

E-commerce in India is rapidly growing with increasing internet penetration and mobile usage. By 2024, it is expected to see a rise in social commerce and voice commerce.

• E-commerce market in India is expected to reach $200 billion by 2026.

• Mobile commerce is the primary driver of e-commerce growth in India.

• Social commerce is expected to grow with the rise of social media usage and influencer marketing.

• Voice commerce is expected to gain popularity with the increasing use of sma...read more

Comparison between Accenture and IBM, Deloitte, McKinsey and other consulting companies.

• Accenture has a larger global presence than IBM and Deloitte.

• McKinsey is known for its strategy consulting while Accenture focuses on technology consulting.

• Accenture has a strong digital transformation practice.

• Deloitte has a strong presence in the financial services industry.

• IBM has a strong focus on artificial intelligence and cloud computing.

• Accenture has a lower employee turnover rate ...read more

Idle funds should be invested in equity or debt market for short term and in current production expansion or acquisition for long term.

• Idle funds should not be kept idle for long as it leads to opportunity cost.

• For short term, equity or debt market can be considered based on risk taking capacity.

• For long term, investing in current production expansion or acquisition can yield better returns.

• Investment decisions should be based on thorough analysis of market trends and risk as...read more

Electric vehicles, autonomous driving, and connected cars are the upcoming trends in the auto industry globally and in India.

• Electric vehicles are gaining popularity due to environmental concerns and government incentives.

• Autonomous driving technology is being developed by major automakers and tech companies.

• Connected cars are becoming more common with features like GPS, Wi-Fi, and smartphone integration.

• In India, the government is promoting electric vehicles and has set a ta...read more

I have 5 years of experience in manual testing.

• I have worked as a manual tester for 5 years.

• During this time, I have tested various software applications and systems.

• I am proficient in creating test cases, executing tests, and reporting defects.

• I have experience in both functional and non-functional testing.

• I am familiar with various testing methodologies and tools.

• I have also worked on test automation projects.

• Overall, my experience has helped me develop a strong understandi...read more

Variables, tools, modelling and conclusions were considered in the project.

• Variables considered: market trends, customer behavior, competition

• Tools used: Excel, SPSS, Tableau

• Modelling done: regression analysis, cluster analysis, decision trees

• Conclusions drawn: market is highly competitive, customers prefer quality over price

I liked Deloitte's focus on innovation and collaboration. I plan to bring the same mindset to Accenture.

• Deloitte's emphasis on innovation and collaboration helped me develop new ideas and work effectively with my team.

• I plan to implement the same mindset at Accenture by encouraging my team to think outside the box and work together to find creative solutions.

• I also appreciated Deloitte's commitment to professional development and plan to prioritize this at Accenture as well.

• F...read more

Yes, I understand that consulting can be challenging and I am prepared to handle the pressures and meet client expectations.

• I have experience working in high-pressure environments and have developed strong time-management and problem-solving skills.

• I am adaptable and able to quickly adjust to changing client needs and expectations.

• I am committed to delivering high-quality work and am willing to put in the extra effort to ensure client satisfaction.

• I am comfortable communicati...read more

Approximately 50,000 3-wheelers are estimated to be in Lucknow.

• Consider the population of Lucknow and the percentage of people who use 3-wheelers as a mode of transportation.

• Look at the number of registered 3-wheelers in the city.

• Take into account the number of 3-wheeler manufacturers and dealers in the area.

• Consider the demand for 3-wheelers in the city for commercial purposes such as transportation of goods and passengers.

• Assume an average lifespan of a 3-wheeler and calcul...read more

I would use descriptive language and tactile objects to help a blind person understand the color green.

• Describe green as the color of grass, leaves, and trees

• Use tactile objects such as a leaf or grass to allow the person to feel the texture

• Explain that green is often associated with growth and nature

• Use comparisons to other colors, such as blue being cool and calming while red is warm and energizing

Develop a comprehensive digital strategy that includes customer-centric solutions, data analytics, and agile methodologies.

• Conduct a thorough analysis of the current business processes and identify areas that can be digitized

• Develop customer-centric solutions that enhance the customer experience and improve engagement

• Implement data analytics to gain insights into customer behavior and preferences

• Adopt agile methodologies to enable rapid development and deployment of digital s...read more

The market for iPads in India is estimated to be growing steadily.

• The demand for iPads in India has been increasing due to the rise in digitalization and the growing popularity of tablets.

• The education sector in India has also contributed to the demand for iPads, as many schools and colleges are adopting digital learning methods.

• The availability of affordable iPads and the expansion of Apple's retail presence in India have further boosted the market.

• The market size can be est...read more

Yes, I have worked with APP. The steps involve designing, developing, testing, and deploying the application.

• Design the user interface and functionality of the APP

• Develop the APP using programming languages like Java, Swift, or React Native

• Test the APP for bugs and errors

• Deploy the APP to app stores or internal servers for users to access

Yes, Agile methodologies are a set of principles and practices for iterative development.

• Agile methodologies prioritize customer collaboration and responding to change over following a strict plan.

• Scrum, Kanban, and Extreme Programming (XP) are popular Agile frameworks.

• Agile promotes adaptive planning, evolutionary development, early delivery, and continuous improvement.

• Daily stand-up meetings, sprint planning, and retrospectives are common Agile practices.

• Agile emphasizes de...read more

AWS services required to build a chatbot

• Amazon Lex for natural language processing

• AWS Lambda for serverless computing

• Amazon S3 for storing chatbot data

• Amazon CloudWatch for monitoring and logging

• Amazon API Gateway for creating RESTful APIs

NLP involves developing algorithms to understand and generate human language.

• NLP is used in various applications such as chatbots, sentiment analysis, and machine translation.

• One of the biggest challenges in NLP is understanding the nuances of human language, including sarcasm, irony, and context.

• Other challenges include dealing with language ambiguity, handling rare or unknown words, and developing models that can handle multiple languages.

• NLP also faces ethical concerns suc...read more

SAP ERP is the traditional enterprise resource planning software, while S/4 HANA is the next-generation ERP suite built on the SAP HANA platform.

• SAP ERP is based on traditional on-premise architecture, while S/4 HANA is designed for cloud deployment.

• SAP ERP uses a row-based database structure, while S/4 HANA utilizes an in-memory columnar database for faster data processing.

• SAP ERP requires separate systems for transactional and analytical processing, while S/4 HANA combines ...read more

Implementation steps in SAP involve planning, configuration, testing, training, and deployment.

• 1. Planning phase involves defining project scope, objectives, and timeline.

• 2. Configuration phase includes setting up SAP modules according to business requirements.

• 3. Testing phase ensures that the system functions correctly and meets user needs.

• 4. Training phase involves educating users on how to use the SAP system effectively.

• 5. Deployment phase involves rolling out the SAP syst...read more

Market entry strategy for a player entering second hand cars market

• Conduct market research to identify target audience and competition

• Establish partnerships with local dealerships and mechanics

• Create a user-friendly online platform for buying and selling cars

• Offer competitive pricing and financing options

• Invest in marketing and advertising to increase brand awareness

• Provide excellent customer service to build trust and loyalty

Hydro-electric plants use flowing water to generate electricity, but have both advantages and disadvantages.

• Pros: Renewable energy source, low operating costs, minimal greenhouse gas emissions

• Cons: High initial costs, impact on ecosystems and fish populations, limited availability of suitable locations

• Example: The Hoover Dam in the United States is a large hydro-electric plant that provides electricity to millions of people.

There are approximately 100,000 cab drivers in Delhi.

• Estimate the population of Delhi (approx. 20 million)

• Assume 1 cab driver for every 200 people

• Factor in the number of tourists and visitors to the city

• Consider the number of cab companies and their fleet sizes

Nuclear power plants have pros like low carbon emissions but cons like high cost and safety concerns.

• Pros: low carbon emissions, high energy output, reliable power source

• Cons: high cost, safety concerns, nuclear waste disposal

• Examples: Fukushima disaster, Chernobyl disaster, Three Mile Island accident

• Future: advancements in technology may improve safety and efficiency, but public perception remains a challenge

I am proficient in both Excel and PowerPoint.

• I have extensive experience in creating and manipulating spreadsheets in Excel, including using advanced functions and macros.

• I am skilled in creating visually appealing and effective presentations in PowerPoint, including using animations and multimedia.

• I am also familiar with integrating Excel data into PowerPoint presentations.

• Overall, I am confident in my ability to use both Excel and PowerPoint to effectively analyze data and ...read more

The second-hand car market in India is estimated to be worth several billion dollars, with a large demand and supply side.

• India is the fourth largest automobile market in the world, with a large number of cars being sold every year.

• The second-hand car market is driven by factors such as affordability, availability, and the desire for newer models.

• The demand for second-hand cars is particularly high in smaller cities and towns, where people may not be able to afford new cars.

• O...read more

The annual number of travelers visiting Delhi Airport is estimated to be around 70 million.

• Delhi Airport is one of the busiest airports in India.

• In 2019, the airport handled over 69 million passengers.

• The airport serves both domestic and international flights.

• The number of travelers has been steadily increasing over the years.

• Factors like tourism, business travel, and transit passengers contribute to the footfall.

We operate in various areas including technology, finance, healthcare, and more.

• Technology

• Finance

• Healthcare

• Retail

• Manufacturing

• Education

• Government

• Energy

• Telecommunications

Cloud migration involves planning, preparation, and execution of moving data and applications from on-premise to cloud infrastructure.

• Assess current infrastructure and identify applications and data to be migrated

• Choose the right cloud provider and service model

• Prepare a migration plan and timeline

• Test the migration plan before execution

• Execute the migration plan in phases

• Monitor and optimize the migrated applications and data

To build a customer service chatbot, one must first identify the customer needs and design a conversational flow to address them.

• Identify the most common customer inquiries and design a conversational flow to address them

• Choose a chatbot platform or build a custom solution

• Train the chatbot using natural language processing and machine learning

• Integrate the chatbot with customer service systems and channels

• Continuously monitor and improve the chatbot's performance

I have extensive experience in cloud consulting, having worked with various clients to migrate their systems to the cloud.

• Assisted clients in selecting the appropriate cloud service provider based on their needs and budget

• Developed cloud migration strategies and provided guidance on best practices

• Implemented cloud-based solutions and provided ongoing support and maintenance

• Helped clients optimize their cloud infrastructure for cost and performance

• Examples: Migrated a client's...read more

The pre-owned LCV market in India is estimated to be around X units.

• The market size can be estimated based on the number of registered vehicles and their age.

• Factors like demand, supply, and pricing also play a crucial role in determining the market size.

• According to a report by IndianBlueBook, the pre-owned commercial vehicle market is expected to grow at a CAGR of 15% by 2022.

• The market is dominated by players like Mahindra First Choice, Tata Motors Assured, and Shriram Aut...read more

My values are integrity, empathy, teamwork, and continuous learning.

• Integrity: I believe in being honest and transparent in all my dealings.

• Empathy: I strive to understand and relate to the perspectives of others.

• Teamwork: I value collaboration and believe in working towards common goals.

• Continuous learning: I am committed to personal and professional growth through ongoing education and development.

Types of backups include full, incremental, and differential. Incremental backups only save changes since last backup, while differential saves changes since last full backup.

• Types of backups: full, incremental, differential

• Incremental backup: saves changes since last backup

• Differential backup: saves changes since last full backup

• Examples: Full backup - all data is backed up, Incremental backup - only changes since last backup are saved, Differential backup - changes since la...read more

I built a chatbot using natural language processing and machine learning to assist customers with their queries.

• Used Python and libraries like NLTK and TensorFlow to develop the chatbot

• Trained the chatbot on a large dataset of customer queries and responses

• Implemented a user-friendly interface for customers to interact with the chatbot

• Integrated the chatbot with the company's website and social media platforms

• Continuously monitored and improved the chatbot's performance throu...read more

Material can be configured by adjusting its properties and parameters to meet specific requirements.

• Identify the specific requirements for the material

• Adjust properties such as density, strength, and flexibility

• Consider parameters like temperature resistance and chemical compatibility

• Test the configured material to ensure it meets the desired specifications

My IIM journey has been challenging yet rewarding.

• I have been exposed to diverse perspectives and ideas through case studies and discussions.

• I have developed strong analytical and problem-solving skills.

• I have also honed my communication and leadership abilities through group projects and presentations.

• I have had the opportunity to network with industry professionals and alumni.

• Overall, I feel well-prepared for a career in consulting.

The size of men's hair cut salon in Lucknow varies depending on the location and target market.

• The size of the salon can range from a small shop to a large chain

• Factors such as location, target market, and services offered can impact the size of the salon

• For example, a salon located in a busy commercial area may have a smaller physical space but cater to a larger customer base

• On the other hand, a salon located in a residential area may have a larger physical space but cater t...read more

Accenture is into various industries including technology, healthcare, financial services, consumer goods, and energy.

• Accenture provides consulting, technology, and outsourcing services to various industries.

• Some of the industries Accenture serves are healthcare, financial services, consumer goods, energy, communications, and media.

• Accenture also has specialized practices for industries such as automotive, aerospace and defense, and travel and hospitality.

• Accenture's industry...read more

I am proficient in multiple programming languages including Java, Python, and C++.

• Proficient in Java, Python, and C++

• Experience with web development languages such as HTML, CSS, and JavaScript

• Familiarity with database languages like SQL

Team Synapse provides consulting services to businesses in various industries.

• Team Synapse offers customized solutions to clients based on their specific needs and goals.

• They specialize in areas such as strategy development, process improvement, and organizational design.

• For example, they may work with a healthcare company to streamline their patient intake process or with a retail company to optimize their supply chain management.

• Team Synapse also provides training and coach...read more

The exact number of three wheelers in Lucknow is not available.

• There is no official data available on the exact number of three wheelers in Lucknow.

• However, it is estimated that there are thousands of three wheelers operating in the city.

• Three wheelers are a popular mode of transportation in Lucknow, especially for short distances.

• They are commonly used for commuting to work, running errands, and for tourists to explore the city.

• The number of three wheelers in Lucknow has inc...read more

To combine two matrices, transpose one and then concatenate them horizontally.

• Transpose one of the matrices

• Concatenate the transposed matrix with the other matrix horizontally

RICEF is a prioritization framework used in project management to rank tasks based on their impact and effort required.

• RICEF stands for Reach, Impact, Confidence, and Effort.

• Reach refers to the number of people affected by the task.

• Impact is the potential positive outcome of the task.

• Confidence is how sure you are about the estimates for Reach and Impact.

• Effort is the amount of time and resources needed to complete the task.

• Tasks are ranked based on a formula: (Reach x Impact...read more

AI can aid in R&D of automotive industry by optimizing design, predicting failures, and improving safety.

• AI can optimize the design of vehicles by analyzing data and creating simulations.

• AI can predict failures in vehicles by analyzing sensor data and identifying potential issues before they occur.

• AI can improve safety by analyzing driver behavior and providing real-time feedback to prevent accidents.

• AI can also aid in the development of autonomous vehicles by analyzing data ...read more

Sort is a general function to arrange elements in a collection, while sort by key is used to sort elements based on a specific key or property.

• Sort function arranges elements in a collection based on their natural order or a custom comparator function.

• Sort by key function arranges elements in a collection based on a specific key or property of the elements.

• Example: Sorting an array of objects by a specific property like age using sort by key.

Guesstimate the number of chairs in IIM Lucknow.

• Estimate the number of classrooms and common areas in IIM Lucknow

• Determine the average number of chairs in each classroom and common area

• Multiply the average number of chairs by the total number of classrooms and common areas

• Consider additional factors like auditoriums, conference rooms, and outdoor seating areas

• Adjust the estimate based on the size and capacity of IIM Lucknow

Pharma targeting is different due to the complex nature of the industry and regulations.

• Pharma companies target healthcare professionals and patients through various channels such as conferences, social media, and direct mail.

• Targeting is heavily regulated by the FDA and other governing bodies to ensure ethical practices.

• Pharma companies also use data analytics to target specific patient populations and personalize their marketing efforts.

• Targeting also involves educating hea...read more

Yes, I have worked on BigQuery extensively.

• I have experience in designing and optimizing BigQuery tables and queries.

• I have used BigQuery for data warehousing, analytics, and machine learning projects.

• I am familiar with BigQuery's SQL dialect and its integration with other Google Cloud services.

• For example, I used BigQuery to analyze customer behavior data for a retail client and to train machine learning models for a healthcare startup.

Delta Table is a type of table in Delta Lake that allows users to efficiently manage large-scale data lakes.

• Delta Table is a type of table in Delta Lake, which is an open-source storage layer that brings ACID transactions to Apache Spark and big data workloads.

• It allows users to efficiently manage large-scale data lakes by providing features like schema enforcement, data versioning, and time travel capabilities.

• Delta Table supports both batch and streaming data processing, ma...read more

AI is transforming the auto industry in many ways. Here are 3 use-cases:

• Autonomous driving: AI-powered self-driving cars are being developed by companies like Tesla, Waymo, and Uber.

• Predictive maintenance: AI algorithms can predict when a vehicle needs maintenance, reducing downtime and costs.

• Customer service: AI chatbots can assist customers with inquiries and provide personalized recommendations.

VLOOKUP has limitations in handling large datasets and requires exact match. INDEX-MATCH is an alternative.

• VLOOKUP can only search for values in the leftmost column of the table array

• VLOOKUP requires an exact match, otherwise it returns an error

• VLOOKUP can be slow and inefficient for large datasets

• INDEX-MATCH is an alternative that can handle larger datasets and allows for approximate matches

• INDEX-MATCH can also search for values in any column of the table array

ID Mapping is used to link different identifiers for the same entity, allowing for seamless data integration and analysis.

• ID Mapping helps in resolving discrepancies in data from different sources.

• It allows for cross-referencing of data from multiple databases or systems.

• ID Mapping is essential for data integration in healthcare systems, where patient information may be stored using different identifiers (e.g. medical record number, social security number).

IDocs are Intermediate Documents used in SAP systems for exchanging data between systems.

• IDocs are structured XML or text files used for data exchange in SAP systems.

• They are used to transfer data between SAP systems and between SAP and non-SAP systems.

• IDocs contain information about the data being exchanged, such as sender, receiver, and data fields.

• They are processed by the SAP system using IDoc processing programs.

• Examples of IDocs include ORDERS (for purchase orders) and ...read more

ALV report can be obtained by using ALV function modules in SAP ABAP.

• Use function modules like REUSE_ALV_GRID_DISPLAY or REUSE_ALV_LIST_DISPLAY to create ALV reports.

• Define field catalog and layout for ALV display.

• Populate data into internal table and display using ALV function modules.

The use-cases varied depending on the project requirements.

• Use-cases were determined based on the specific needs of each project.

• Examples include improving customer experience, increasing efficiency, and reducing costs.

• Use-cases were also developed to address specific challenges or pain points within a company or industry.

• Overall, the use-cases were tailored to meet the unique goals and objectives of each project.

A chatbot functions through natural language processing and machine learning algorithms to understand and respond to user queries.

• Chatbots use natural language processing to understand user queries

• They use machine learning algorithms to generate responses

• Chatbots can be rule-based or AI-based

• They can be integrated with messaging platforms or websites

• Examples of chatbots include Siri, Alexa, and Google Assistant

NoSQL Database is a type of database that provides a mechanism for storage and retrieval of data that is modeled in means other than the tabular relations used in relational databases.

• NoSQL databases are non-relational databases that can handle large volumes of structured, semi-structured, and unstructured data.

• They are designed to be flexible, scalable, and provide high performance.

• Examples of NoSQL databases include MongoDB, Cassandra, Redis, and Amazon DynamoDB.

Justify numbers on CV by providing specific examples and quantifiable results.

• Provide specific examples of achievements and quantify results

• Explain the impact of your contributions on the company or project

• Use numbers to demonstrate your success and growth

• Be honest and transparent about your accomplishments

Creating a new consumer alert for a product or service.

• Identify the target audience for the alert

• Craft a clear and concise message for the alert

• Choose the appropriate channel for delivering the alert (email, SMS, app notification)

• Include relevant information such as product updates, safety warnings, or promotions

A scenario is a hypothetical situation or sequence of events used for planning or analysis.

• Scenarios are often used in business to anticipate potential outcomes and make informed decisions.

• They can also be used in training exercises to simulate real-life situations.

• In software development, scenarios are used to test the functionality of a system under different conditions.

• For example, a business may create a scenario where sales decrease by 20% to determine the impact on prof...read more

RAP (Rapid Application Prototyping) can be implemented by following a structured process to quickly develop and test software prototypes.

• Identify the requirements and objectives of the project

• Create a rough sketch or wireframe of the application

• Develop a basic prototype using tools like Sketch, Adobe XD, or Figma

• Gather feedback from stakeholders and make necessary iterations

• Test the prototype with end-users to validate functionality and usability

• Refine the prototype based on ...read more

Risk assessment involves identifying, analyzing, and evaluating potential risks to determine their impact and likelihood.

• Identify potential risks by reviewing past incidents, conducting interviews, and analyzing data

• Analyze the identified risks by assessing their impact and likelihood of occurrence

• Evaluate the risks by prioritizing them based on their severity and likelihood

• Develop risk mitigation strategies to address the identified risks

• Monitor and review the effectiveness ...read more

Technologies must align with business goals to achieve success.

• Technologies should be chosen based on their ability to solve business problems and achieve goals.

• The cost of implementing and maintaining the technology should be weighed against the potential benefits.

• Technologies should be scalable and adaptable to meet changing business needs.

• Examples include cloud computing, data analytics, and automation tools.

• Regular evaluation of technology use and effectiveness is necessa...read more

One disadvantage of cloud computing is potential security risks.

• Security concerns such as data breaches and unauthorized access

• Dependence on internet connection for access to data and applications

• Potential for downtime and service interruptions

• Limited control over data storage and management

• Costs associated with data transfer and storage

• Compliance and regulatory issues may arise