Neel Patel

What are the most advanced tools and technologies that Business Analysts work on?

I am confused , can you help me out

by Neel Patel
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2 answers

RE: What are the most advanced tools and technologies that Business Analysts work on?

Alok Agrawal
Alok Agrawal
Verified Career Expert
Mananger at Etoe Group/Career Counselor
  • Bangalore

Hello dear student..

To start with let me introduce you to myself, I did my MBA in finance from IIM Shillong and currently working as a finance analyst in a private company, before that was working with a govt company as a operational manager after completing btech from NIT bhopal. Having more than three years of experience in the above mentioned field and seeing the corporate work culture I think I can answer your query well.

coming to your doubt of about the advanced tools and technologies that a business analysts work on, I would like to highlight some important points which will help you to understand and relate to the work.

Business analyst is person who need to analyse all aspects with the help of all available tools and help the company by creating some models to grow and achieve all the visions and missions.

first important tool is the Big data analytic Tool which help them ti analyse large amount of available data fastly and accurately, to generate reports and conclusions out of it

Another important aspect is data ware housing, data mapping with the help of available advanced software in the market and keep updated with the new versions of the same software through training. Analyzing the requirements of the business before starting a project or work so help in project management also with the help of some advanced software like Ms projects. Use of advanced analytic and modelling tools is also a part of their work.










Apart from above so many other tools are there all revolving more or less around how to use and analyse data to create a useful report and findings to help the company to grow their business.

Hope all above mentioned details help you in some way or other, now you can relate better and you have now some insight to the work and tools used by a business analyst.Business analyst is a very good career choice having lot many scope and opportunities in the market now, glad to inform you that earning prospect is also very high and you can secure your future here as this a very promising career path.

All the best for your bright future and career path

Thank you.

RE: What are the most advanced tools and technologies that Business Analysts work on?

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 competently in diverse roles.

Outsourcing has become a mainstray in our global economy. Large corporations reduce their operation cost by seeking out the same ork quality at lower costs. By outsourcing, a distance between business stakeholder, and the programmer is created, creating the need for higher quality andmore precise analysis, including creation of documents and functional 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 te center of most of these inititives.


Required Skills or Personal Qualities:
Business Analysts needs to have:
1. Communicating Details and Concepts
2. Technical Skills
3. Conceptual Modelling Skills.
4. Curiosity
5. Decompsing 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 & Persuasion Skills
16. Managerial Skills.


Roles and Responsibilities:
1.Helping Businesses implemtn 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 Anslysis 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 International Stakeholders.


Advanced Tools and Technologies on which Business Anslysts works on:
Some of the tools could include:
1. MS Excel
2. SAS
3. SPSS Modeller (Clementine)
4. Statistica
5. Salford Systems
6. KXEN
7. Angoss
8. Matlab

Open Source Software could include
1. R (R is a Programming Language and software environment for statistical compuring and graphics)
2. WEKA


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

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


Further doubts or queries feel free to contact.

--
Regards,
Rahul.

RE: What are the most advanced tools and technologies that Business Analysts work on?

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