The advancement of technology has had a dramatic impact on how organisations utilise IT-based solutions to resolve various business issues, challenges and problems. Due to this, the need for qualified individuals with the knowledge of business analysis techniques has continued to be in high demand for many businesses around the world.
There are numerous benefits to having these technical experts onboard as part of your business team; not only are they able to identify pertinent problems and present recommendations for business improvements, they can also help companies lower business risks, enhance business value as well as find ways to lower costs.
Business Analysis is the practice of researching and identifying business needs and recommending solutions to business problems. This research discipline is used to manage and facilitate change in a range of different organisations, whether they be government, for-profit, or not-for-profit companies.
The types of improvements that Business Analysis covers may be anything from organisational change, policy development, program requirements, strategic planning, process refinements, as well as technology and system enhancements.
A Business Analyst acts as the bridge between business ideas and business capabilities. They play an incredibly important role as they help to decipher the future of businesses, by identifying, creating and scoping valuable changes and enhancements to business processes.
They do this by regularly appraising business performance, (typically driven by conducting performance capability assessments), in order to measure the impact a suggested change or new solution may have on a business.
Business Analysts use a variety of process models to analyse business problems and solutions including:
What makes Business Analyst’s so valuable is their ability to increase benefits within an organisation by determining and prioritising business needs in order to effectively reduce company costs.
They identify the needs of a stakeholder and offer them recommended solutions for how to achieve their business goals through various business changes and enhancements. Business Analysts have the ability to explain complex change processes and business requirements with clarity and help business owners reach a better understanding of changes required and focus on what matters in order to help continue the success of their businesses.
Successful Business Analyst’s share certain qualities in common, as well as being analytically minded and have strong technical abilities, they must also demonstrate solid communication and listening skills, possess excellent time-management skills, and have the ability to solve problems.
Moving into a Business Analyst role can also be incredibly rewarding as you’ll have highly valuable capabilities and skills many organisations are looking for to help their businesses succeed and because of this, Business Analysts often earn excellent salaries. Examples include:
If you believe becoming a Business Analyst is the right career move for you, why not have a look at our BCS International Diploma in Business Analysis virtual classroom course and start your new and exciting career journey today.
Throughout the year, e-Careers hosts a series of FREE BCS Business Analysis webinars, to help delegates better understand this sector, and discuss ways you can study towards a career in this industry.