The right balance of information and technical know how is needed for a Business Analyst to successfully complete his job in any sector. This has led to the quickly emerging field of Data Science – an interdisciplinary field of scientific methods, processes and systems to extract knowledge or insights from structured or unstructured data. This business knowledge will then allow them to successfully analyze data points and build strategic plans for the future.
Stakeholders and the development team meet after each increment to discuss what has occurred, re-evaluate requirements and determine priorities. Whether you are analyzing the business of financial services, insurance, investment banking, software development, healthcare or others, the principles remain the same.
This remains true in data-centric ventures, where Business Analysts will increasingly need to partner with Data Scientists, Data Analysts and Business Stakeholders to achieve objectives. Hammond notes that organizations also assign multiple BAs to very large software development projects.
In the multi-disciplinary and internationally diverse teams at Backbase you analyze, capture and prioritize customer requirements for new customer experience initiatives. Analysts are analysis experts – well good analysts are. In certain areas, BA’s may need to extend beyond their role to support areas not covered under the scope of business analysts such as business processes or project management, change management etc.
This means that business analysts need to prove that they are the future of companies entering the digital world. BABOK describes knowledge areas, tasks, inputs, outputs, techniques and skills required for effective analysis. Business analysts are skilled communicators, and know how to listen to verbal as well as non-verbal messages, engage in open dialogue and communicate what they’ve learned to the appropriate parties.