What does a business analyst do?
Business analysis is an essential part of the modern business world. A business analyst evaluates the business processes and operations of a company in order to identify areas of improvement and develop solutions to increase efficiency and profitability.
A business analyst gathers data, understands business needs, and provides solutions that meet those needs. Business analysts are also responsible for recommending changes and developing strategies to ensure the success of a business.
They are the bridge between the business and the technical team for improving a business’s performance. Business analysts help companies maximize efficiency and profitability by providing solutions that can improve performance.
What is business analysis?
Business analysis (BA) is a process where a business analyst gathers requirements about the business, analyzes them, and then provides solutions to meet those requirements. A business analyst will work with stakeholders from all areas of the business, such as marketing, sales, IT, legal, operations, etc., to gather information about the current processes and any issues that arise.
They use this information to create a solution that meets the requirements of the business. Business analysis is an iterative process. This means it is done in stages where each stage is dependent on the completion of the previous stage. In each stage, the business analyst will use different techniques to gather information, such as interviews, workshops, building mockups, and creating user stories. Business analysis is used in all areas of business, including marketing, sales, IT, customer service, and operations.
What does a business analyst do?
A business analyst is responsible for understanding the needs of the business and creating solutions to meet those needs. A business analyst will gather requirements from stakeholders, create solutions to meet those requirements, and then present their findings to the business.
As mentioned already, business analysts are often the communication bridge between the business and the IT team. First, business analysts will work with the stakeholders to ensure they understand the solutions and provide training on the use of the solution. Next, they work with the technical team to help with the implementation of solutions to ensure there are no disruptions to the business.
Business analysts are responsible for creating documentation, such as user stories and business use cases. These documents outlines the solutions and provides an explanation so that everyone understands how the solution will improve the business. This documentation is an essential part of the software development life cycle (SDLC). Business analysts will also create a communication plan to ensure everyone is informed about the project and timelines.
Benefits of a business analyst
Business analysts provide a wide range of benefits, including improving the efficiency of the business and increasing profitability. These solutions fall into two categories:
- Analytical solutions – These solutions focus on gathering and analyzing data and can include predictive modeling, artificial intelligence, and more.
- Operational solutions – These solutions focus on optimizing and automating business processes. For instance, it can include workflow automation, better customer experience (CX), service automation, and more.
Business analyst skills
Here are the skills that a business analyst typically requires to perform their duties:
Steps in the business analysis process
The business analysis process can vary slightly depending on the project, but there are some stages that are common in most projects. The stages are:
- Pre-work – Pre-work is the initial stage of a project where the project is scoped. In this stage, it breaks the project into smaller pieces so it can be delivered by the team. Pre-work is the time when the business analyst will ask questions, such as what is the purpose of the project, what is the target audience, and what is the budget.
- Business analysis – The business analysis stage is where the business analyst will gather information about the business and its operations, identify the problems within the business, and then create solutions to solve those problems. Business analysis is usually broken into smaller pieces, such as conducting research, creating user stories, and building an architectural diagram.
- Requirements analysis – Requirements analysis is where the analyst is gathering all the requirements of the project and putting them into what is called a requirements document. The requirements document is a list of all the goals and objectives of the project written down in a structured manner. All the information gathered in this process will then be used by the technical team to develop the solution.
- Operations analysis – Operations analysis is when the analyst is looking at the current operations of the business and creating recommendations to improve the business. The operations analysis does not create requirements but instead creates an operations report, which outlines the issues, causes, and potential solutions.
Career prospects for business analysts
Business analysts are in high demand because every business needs to be analyzed to discover areas for improvement. Business analysts are employed by a variety of different types of companies, including software development companies, banks, and insurance companies.
As a business analyst, you can expect to be involved in multiple projects at one time and work during crunch times. Business analysts can expect to make an average salary of $80,000 per year. They can advance their careers by taking on new projects and becoming project managers.
Business analysts who want to advance their careers should make sure they are up to date with the latest trends in technology and business analysis. They also need to stay current with software development lifecycles and methodologies, such as Agile and waterfall.
Business analyst certifications
There are no business analyst certifications offered yet, but there are plenty of other certifications that can help you become a successful business analyst. The following are three business analyst certifications that can help you advance your career:
CISA – The Certified Information Systems Auditor (CISA) certification is the gold standard in auditing and investigating IT systems. This certification can help you advance your career because you can learn the technical processes of businesses.
CISSP – The Certified Information Systems Security Professional (CISSP) certification is the ultimate security certification for any IT professional. Overall, this program will help you gain a better understanding of security within a company.
CISM – The Certified in Risk and Information Systems Control (CISM) certification focuses on risk management and control to protect information. This certification will help you advance your career because it will help you gain a better understanding of risk within a company and how to mitigate that risk.
Business analysts are an essential part of the modern business world. They are responsible for gathering and analyzing data, understanding business needs, and providing solutions that meet those needs. Business analysts also recommend changes and develop strategies to ensure