If you are the one who is looking for a career to build in IT, then you should have a look at Business Analyst. And this blog post is all about it.
Data is the new oil! Just like how crude oil fast-tracked the growth of the industries, data has brought a revolution in the entire world.
Today in this digitally-driven economy, everything runs on data. No amount of development is possible without data. Data is generated, stored, and then analyzed to gain insights.
Everything running today is brought to life based on the insights gained from the huge volume of data. Any course of action that companies or organizations need to take is based on the intel and insights that they extract from the data set they possess.
It shows how important it is to store data, maintain it, and process it to make quick decisions based on insight and not on chance or guess.
Data has created a new line of jobs that were unimagined a few years back. Today there are many people associated with data that work in different aspects of it. Some store it, some look after its maintenance, and others dedicate their time analyzing it.
In the spectrum of Data Science, there are professionals called Business Analysts. We will be discussing the roles and responsibilities that they have daily.
And a little more about the skill sets a professional must have to begin their career as a Business Analyst. Those seeking a career in this domain must get trained for the best Business Analyst certification.
Who exactly is a Business Analyst?
A Business Analyst is a professional who works with organizations or companies to help them analyze their data related to products, systems, processes, and services to help them make better decisions to run a profitable business.
These professionals also help the organization to assess the business model, document how it is being integrated with the technology, etc.
If you are aspiring for a career in the trending domains like Business Analysis, I recommend you check out one of the best Business Analyst Certification courses offered by one of the recognized training partners.
Many myths are surrounding their role within an organization. Some think that their role is to mint money for the organization. That’s not correct, but indirectly it’s correct.
Business Analysts must give proper insights to businesses to increase their profit margin and increase the efficiency of their business models. So, these professionals have to take a course of action that will influence the financial aspects of an organization.
There are many types of Business Analysts depending on the domain they work in and the type of work they do:
- Business Process Analyst
- Business System Analyst
- Data Analyst
- UX Analyst
- IT Business Analyst
- System Analyst
- Functional Architect
What must a Business Analyst understand?
A Business Analyst’s primary role is to communicate with all stakeholders and draw out, analyze, and identify the reasons and steps to change the business process, information systems, and policies.
These professionals play a bigger role in helping a company grow to be more productive, profitable, and more efficient than it is.
What are a Business Analyst’s roles and responsibilities?
Business Analysts have become a crucial role in developing, sustaining, and growing a company. They understand the business the company is in. They understand the business model their company is having.
They then chart out all the necessary steps that need to be taken to achieve a certain set of goals within the stipulated time frame. After that, they understand the resources that the company has and the resources they will need to achieve the set target.
- Understand how the business function
- Learn how to improve existing business processes
- Need to identify the steps, tasks to support new feature implementation
- Learn to design these new features to implement
- Study the impact of implementing these new features
- Finally, implement these steps
Important skills to become a Business Analyst
Business Analysts must have several skills in part of their portfolio:
- Technical Skills:
Business Analysts working in the IT sector must have good knowledge in Operating Systems, Database concepts, Networking, Software Development Lifecycle methodology, Hardware capabilities, etc. They also must know Data Visualization tools to represent the insights they gathered.
- Analytical skills:
Speaking of analytical skills, it’s perhaps one of the most important skills that Business Analysts must-have. These professionals must understand Business and Data Analysis, Analyze workflow, interact and work with stakeholders and users, etc.
- Business Planning and Processing:
Business Analysts must also understand the project requirements, project scope, understand and implement project requirements, identify resources needed, and accordingly plan for the project, etc.
- Leadership skills:
This is one of the significant skills that Business Analysts must have to help them navigate through their projects within an organization. These professionals must be able to direct team members, forecast budget, solve problems, delegate work, work with stakeholders, etc.
- Communication skills:
Good communication and interpersonal skills are very essential in becoming a successful Business Analyst. Every time you need to go back and forth between stakeholders, users, and technical people who can bring the project to life or achieve the target. Good communication skills will help iron out problems between team members and help them greatly in becoming efficient leaders.
- Which certifications must they possess?
To become successful in Business Analytics, professionals must earn some certifications. These are CCBA (Certification of Competency in Business Analysis) which is a major certification from IIBA (International Institute of Business Analysis), and then for a senior role, CBAP (Certified Business Analysis Professional), also from IIBA.
The prerequisites for both certifications are along similar lines. If you wish to get CCBA, you must possess 3750 hours of work experience in the field of Business Analysis. For earning CBAP, you must have a total of 7500 hours of work experience in the field of Business Analysis as a prerequisite.
You must follow all the concepts from the BABOK (Business Analysis Body of Knowledge). There are six knowledge areas or different domains inside this BABOK, which you have to cover to help you earn these certifications.
Business Analysts are an interface to businesses that will help them in transforming their company or organization from where they are to where they could be. They will analyze the data they generate to steer them to profitability, efficiency, lower expenses, and judicious use of resources to meet the expected goals and targets.