Business analytics is an exciting world of opportunities for those who have the required skills and the skills of the future.
In today’s dynamic, evolving business and regulatory environment, business analysis is a blanket term used for activities performed to identify business problems and appropriate solutions.
Business analysts are some of the most highly paid professionals today.
What does a business analyst do?
Organisations harvest big data nowadays to reveal business patterns and to gain meaningful insights.
A business analyst, by understanding and analysing business problems and delivering solutions, brings about growth, market value and stability in an organisation.
Business analysts evaluate processes, conclude requirements, envision and report on data-driven solutions, and supply required information to executives and stakeholders.
They endeavour to enhance the service and product quality in conjunction with the technology team, including integrating and testing new solutions.
Responsibilities usually attributed to a Business Analyst
Business analysis involves a diverse set of roles and responsibilities. To gauge whether the career path is a copacetic choice, it is prudent to acquire an understanding of the duties to be carried out. Here are some of the primary responsibilities and duties of a business analyst:
Championing an organisation’s business objectives. Detection of related problems and envisioning solutions with an improved outcome.
To compile and comprehend the business needs of clients and stakeholders.
To collaboratively design solutions for problems with the development team.
To give business technology feedback and implement new enablers.
To constantly gauge the functional and non-functional needs of the business.
To meet stakeholders and clients regularly to discuss progress on business issues and solutions. To ensure needs-aligned solutions are implemented.
To validate project statuses with user acceptance testing.
To convey all the project findings through accurate documentation and data visualisations.
Does this make your heart beat faster? Then let us show you how to become a business analyst.
How to become a business analyst
Having the right combination of rich technical and non-technical skills will make you a successful business analyst. Here are the top skills required:
Degree and Domain Knowledge
A degree is not vital, but a qualification such as an MSc in Business Intelligence and Analytics is recommended. This postgraduate award significantly increases your employability. Sound domain knowledge with relevant experience would be highly desirable.
Deep analytical skills, with logical and critical thinking, are essential. This affects business needs interpretation and choosing the best solution.
There will be a great need for graphs and dynamic reports on business problems. The following also have a popular following in the marketplace: Google, Chartio, SAP Lumira, VIsme, Toucan Toco, Google Data Studio, Klipfolio, Databox and Grow.com.
Excellent negotiation skills will set you apart from the average analyst.
SQL – SQL and relational database knowledge
SQL – SQL and relational database knowledge are highly advantageous for accessing, retrieving, manipulating, and analysing data. Suggestions are Microsoft SQL Server, MySQL database, Oracle DB, and SQLite.
Knowledge of programming languages (R and Python) is a prerequisite for solving complex problems and faster data analysis.