The one advice most people get when they start out in their careers is to find a job that contributes to the top line of a company. To find something in the front row and not in a support function. Because when push comes to shove and the company is restructuring, support is often the first to go. Support functions also get the least amount of attention with regards to innovation and IT jobs often face the biggest brunt of all.
Some major IT support complaints include, “You don’t get the funding you want to do or the kind of work you want.” “No one takes you seriously.” “There is no opportunity for innovation, no need for groundbreaking technology and no requirement to be on the cutting edge of languages or coding.”
However, Investment Banking Technology is unique in this sense. In Investment Banking IT, it is critical to have a competitive advantage and being in IT starts to become less tedious because of the focus on keeping platforms relevant. And, they have the money!

The best part about IT in Investment Banking or any other data-heavy sector is that it’s a great diving board into Business Analysis.

Business Analysts are Change Managers. They try and understand the changing needs of an organization, gather data to validate that change and then understand the processes that will need to be implemented to meet that change and make sure that it’s implemented in a way that increases shareholder value. As a result, when working IT professionals from India’s silicon valley come to us for advice, we always recommend as a first option, that they look for Business Analysis Courses in Bangalore.

Business Analysts work across organizations and departments and can help in everything from Strategy – what needs to change, to implementation – let’s change it.

The definition of business analysis (according to the IIBA) is: “the set of tasks and techniques used to work as a liaison among stakeholders to understand the structure, policies, and operations of an organization, and recommend solutions that enable the organization to achieve its goals.”
Their focus areas cut across restructuring jobs by outsourcing, managing inventories, understanding how to spend on IT wisely and appreciating the growing role of technology in running corporations more efficiently.
A perfect case of Business Analysis is in outsourcing. A problem comes into the Business Analysts team – How do I cut costs in my Trading Department? The Business Analyst begins by gathering data about how the Trading Department works, what do they do, what can they do and how can you eliminate waste. They then try and understand the role of technology. Can the platform work better at eliminating waste? Where can this work better? Do I outsource this work? Would it be cheaper? What would the risks be? How do I transition a desk in Singapore to a desk in the Philippines as seamlessly as possible?
This is where IT professionals have the upper hand. Because of their comfort with dealing with large amounts of data and their ability to synthesize it, they evolve into perfect Analysts. The only difference being that they are doing it in a larger context.

The perfect Business Analyst will be the IT professional with excellent analytical abilities and single-minded focus on problem-solving combined with a strategic bent of mind that will not lose the forest for the trees.

This is what Business Analysis Courses in Bangalore such as BACP by Imarticus can help with. BACP or the Business Analysis Certified Professional is one of the few industry endorsed Business Analysis courses in Bangalore and one that is perfect for working IT professionals looking for careers beyond IT.

While the internet has overwhelming amounts of different options for learning how to become a Data Analyst, let us begin with the core understanding of what are the essential criterions for becoming a professional.

What is Data Analysis?

Let us first start with understanding what Data Analysis is. The term itself is self-explanatory. Data Analysis is the task of analysing different data from different sources and making it useful for different purposes.

What is the role of a Data Analyst?

So far you know what Data Analysis is, Let us understand the different tasks of a Data Analyst.
It involves a lot of numbers and algebraic functions. A professional Data Analyst assembles, processes, and implements statistical analysis of collected data. They make the accumulated data, useful. Data Analysts also help businesses and individuals in making profitable decisions. The analysts guide them in using the raw data and assist in making the raw data useful after applying specific algorithms and formulas.
Also Read: How to Differentiate Between Data Analysts and Data Scientists?

Skills required to become a Data Analyst

The primary, as well as significant skill requirements to become a successful Data Analyst, are extensive Technical Skills, Communication Skills and Attention to Detail. You also need to have a natural interest towards Mathematics and Statistics.

Technical skills to become a Data Analyst

• Programming Skills: Statistical Language, Scripting Language and Querying Language
• Data Visualization
• Thorough knowledge of Databases
• Understanding the applications of Data Mapping

You need to know some computer software. Learn statistical languages, such as SAS, R and Python; querying language, such as SQL, Hive and PIG and scripting language, such as MATLAB and Python.
To put it in a nutshell, you need to have the inclination of using data and making it ready for some purpose.

Academic qualification require

To begin with, if you are aspiring to become a Data Analyst, you need to have a degree in either one of the following disciplines: Computer Science, Mathematics, Statistics, Economics, Information Management or Business Information Systems.
Apart from the degree, your interest in the field also plays a very important role. Today, you may come across a wide array of courses that teach you how to become a professional Data Analyst. You may opt for MSc Business Analytics, MSc Data Science, MSc Data Science, MSc Big Data and Analytics. You can also opt for private institutes that offer short courses on Data Analysis. The future in this career also looks very promising.

Your responsibilities once you become a Data Analyst

It is crucial to know what you will be doing, once you have acquired your Data Analysis skills. If you choose to become a professional Data Analyst, the following are the responsibilities that you may have to partake.

• It will be your role to analyze the company’s statistics, understand processes, drawback and the loopholes, and boost the efficiency of the process
• You may have to manage the entire data of the company
• You may have to initiate new process enhancements and ideas
• It could be your responsibility to quality check the data and monitor it regularly
• You may have to implement different tools to monitor different data, and evaluate them periodically
• You may need to create survey data for different clientele

In the technically advanced age that we live in Data is surely the most crucial part in almost all industries. Therefore, the need for skilled and qualified Data Analysts is being demanded by all sectors. The future of a Data Analysts is very huge. Study and courses on data analysis are also being hugely in demand. From the financial and investment industry to the IT industry, the top companies are always on the lookout for competent Data Analysts. So, go on, prepare yourself for a brilliant future.
Related Article:

• 5 Must-have Skills To Become A Successful Data Analyst
• What Is It Like To Work As A Data Analyst?
• Career Opportunity in Data Analytics