Business Analysts Making Way For Profitability in OrganizationsApril 28, 2015
The 21st century has witnessed business analysis as one of the core business practices. Reason being, almost each industry possesses skilled business analysts who contribute to the overall profitability, thus proving to be a vital link between their information technology capabilities and business objectives. This eventually narrows down to the fact that the rapidly changing marketplace presents a host of opportunities for business analysts. However, training is undoubtedly very essential seize this opportunity as it prepares them with the skills desired to remain competitive in the modern organizations.
What role does a business analyst play in an organization?
Present day business environment is highly wavering wherein nothing can contribute to the extent that innovation can. Hence, the key to success lies in an organization’s adaptability, agility, and ability to manage constant change through innovation. The emphasis has been laid upon innovation for the fact that during the unfavorable economic conditions, traditional methods may not lead to reaching objectives. That’s where business analysis and the role of business analysts come into play.
Profitability of an organization could be achieved when the projects successfully meet the customer objectives through new products and services. In this case, the business analyst contributes a lot towards analyzing what all is working in favour of the organization and suggesting the areas that desire change. They can make it all happen more efficiently and effectively.
The business analyst’s primary objective is helping businesses implement technology solutions in a cost-effective way by determining the requirements of a project or program, and communicating them clearly to stakeholders, facilitators and partners. Business analysis training at Imarticus Training inculcates the basic skills required to lead as a business analyst for firms. This not merely helps develop the technical solutions to business problems but also helps in advancing the sales efforts.
Business analysts typically take the lead role in:
- Assisting with the business case
- Planning and monitoring
- Eliciting requirements
- Requirements organization
- Translating and simplifying requirements
- Requirements management and communication
- Requirements analysis
Wish to be a successful business analyst? Contact Imarticus Learning for comprehensive industry specific training programs in various sectors such as Financial Services and Analytics.