Everyone cringes at the word recession and all that goes along with it – lost jobs, depressed wages and fewer employee benefits. Business analysts contribute by analyzing objectives, processes and resources, and suggesting ways by which re-design ( BPR ), or improvements (BPI) could be made. Today, there is effective business analysis software and applications that allows managers to not only keep up with current consumer shopping trends as well as forecast future trends.
During the initial stages of the project, there is a greater need for the business analyst to interact with the stake holders, gather requirements, document them, analyze requirements etc. Throughout this period, the role of the Systems Analyst evolved into the Business Analyst.
Several leading universities in the US, NL and UK offer master’s degrees with a major in either Business Analysis, Process Management or Business Transformation. This role will require a high degree of flexibility, quick learning, and exceptional teamwork and collaboration skills with all levels of the organization.
Work closely with the Applications Development team to assist with Business as Usual initiatives. Don’t get me wrong, it is good to help out from time to time with a task that falls outside of your role, but very often the project team starts to expect you (and your role as a Business Analyst) to do anything and everything that comes your way.
This makes this path a necessity and it is becoming a more regular one available to ambitious Business Analysts. On the contrary traditional Business Analysts need to play a key role in enabling organisations succeed in their data initiatives. Most business analysis projects fail right at the start.