A business analyst is someone who studies an organization or industry domain and records of its business, systems, or processes, assessing the business’s architecture or its application with technical tools. Generally speaking, business analyst helps companies in optimizing human resources, enhancing processes, products, and services, through detailed information analysis of an organization’s business. There are many types of business analysts available in the market, each of them with distinct specialization and requirement. Generally speaking, business analysts specialize in one or more of the following areas:
In addition to analyzing business processes and systems, business analysts must possess accurate and analytical skills in information technology (IT), management, programming, finance, marketing, and accounting. These key skills are necessary to enable analysts to provide their clients the appropriate analysis as per their specific requirements. Apart from analyzing a company’s business processes and systems, good business analysts should also have good mathematical skills and the ability to work independently as well as follow closely the requirements and expectations of their clients.
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Besides analyzing a company’s business processes and systems, the business analyst also provides guidance and recommendations to improve these systems and procedures. Often times, the role of the business analyst is very broad, and they are often required to conduct research on a variety of business aspects and issues for consultation to their clients. Some of the typical reports that an analyst can give his/her clients are analysis of the current trends, new technologies, emerging opportunities, competitive threats, and new product categories. In order to deliver this service, analysts need to be skilled in data analysis, information technology, management, finance, marketing, and accounting. To become an effective business analyst, one must be passionate about the particular area of expertise that he/she has chosen and must have an understanding of the strategic roles that he/she will play in his/her career.