Sumit Taneja

What are the key areas on which every Business Analyst works most of the times?

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by Sumit Taneja
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RE: What are the key areas on which every Business Analyst works most of the times?

Deepak Rana
Deepak Rana
Verified Career Expert
Author: Sky Beyond the Clouds
  • Kangra

As a Business Analyst, one works on following things most of the times:

1. Data Collection:The first and the foremost thing is to collect the relevant data and information regarding the project. The data is either extracted from the database and records of the company or in some cases online or offline research is required. But it is always interesting to get the facts and figures. They reveal so much information. People who have curiosity about discovering new things, find it fascinating.

2. Data Analysis:Once you have extracted the raw data, the analysis needs to be done on it. Different organizations use different tools for these purposes. Using SAS, SAP, ORACLE based tools is a general practice these days. Some organizations also develop their own tools based on the processes and methodologies that they follow while solving the business problems.

3. Business Case:Business Analysts have to work on the business cases most of the times. Although the above two tasks are a part of solving a business case but then there are many other things related to it. Not every time just facts and figures solve the case. One has to be creative, analytical in their thought process and should have enough industry knowledge to come up with excellent solutions. The brainstorming sessions consume a lot of time and energy. It is during these sessions that the solutions emerge and the best one comes up while others get eliminated.

This are the main three tasks that Business Analysts get involved in, most of the times. Apart from that they do a variety of learning and fun activities to build their business knowledge along with creativity.

RE: What are the key areas on which every Business Analyst works most of the times?

Rahul Shinde
Rahul Shinde
Verified Career Expert
Career Consultant at Pinnacle School of Business Management
  • Thane

Hi,


Greeting's for the day!!!

In Today's fast-paced market scenario, the role of Business Analyst (BA) lends great value to an organization - a BA is a genralist capable of functioning competenetly in diverse roles.

Outsourcing has become a mainstray in our global economy. Large corporations reduce the operation cost by seeking out the same work quality at lower costs. By outsourcing, a distance between business stakeholder and the programmer is created, creating the need for higher quality and more precise analysis, including creation of documents and fucntional specifications, has risen. With this equipment, an increasing demand for business analysts can be witnessed in our information economy.

Added to this, in a competitive economic landscape, business bodies strive to improve their business processes and reduce costs - Business Analysts are at the center of most of these initiatives.


Required Skills or Personal Qualities:
Business Analysts needs to have following skills which will help them in long run:
1. Cmmunicating Details and Concepts
2. Technical Skills
3. Conceptual Modelling Skills
4. Curiosity
5. Decomposing the Abstract into Details
6. Mentoring and Coaching
7. Communicating Risks
8. Leveraging the "Parking Lot"
9. Change Management
10. Asking WHY?
11. Impromptu Whiteboard Drawing
12. Analytical Skills
13. Problem Solving Skills
14. Decision-Making Skills
15. Negotiation and Persuasion Skills
16. Managerial Skills


Roles and Responsibilities:
Follwing are the key areas or roles of Business Analysts on which he work on most of the times:
1. Helping Businesses implement technology solutions in a cost-effective way by determining the requirements of a project or a program.
2. Communicating the requirements clearly to stakeholders, facilitators, and partners.
3. Tackle more complex projects
4. Own Enterprise Analysis Responsibilities
5. Understand the Business Process
6. New Business Domains are NO Problem for Business Analyst
7. Lead the BA Efforts
8. Can be consultants for Internal stakeholders.


Career Prospects:
The 2006-2016 U.S. Bureau of Labor Statistics (BLS) report predicts BA's will be among the fastest growing IT Occupations, while Google, Infosys, Wipro and their like are constantly on the lookout for business analysis graduates with the acumen to
undertake critical business projects.

Career prospects for this course are quite promising, with multinational gaints often visiting leading international educational institutions to recruit promising students as Business Analyst. With the Business Analysis qualification earned abroad and experience earned during your study tenure, you can start with a salary of about Rs. 4,20,000 and reachRs. 15,00,000 or even more over the years, as you nurture your career.


The various types of Analytics Jobs:
Analytics jobs are of various types including Data Analytics, Web Analytics, Marketing Analytics, System Analytics, Analytics Consultant, Financial Analytics, Investment Analytics, Business Analytics, and so on. This, again, proves the point that interested in the field of analytics have a lot of scope and demand in various industries.


Further doubts or queries feel free to contact.

--
Regards,
Rahul.

RE: What are the key areas on which every Business Analyst works most of the times?

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