With the dominance of institutions in the labor market, the field of business analysis has become increasingly commonplace. As many people began to put this field before their eyes to study it in their university life, knowing their importance in the contemporary global markets. In this regard, we will read about professional business analysis.
What do we mean by the term business analysis?
Business analysis is a research discipline to identify business needs and recommend appropriate solutions that provide value to stakeholders and improve the performance of the organization.
Who is doing this task?
The person carrying out the business analysis task is called (Business Analyst), it has many responsibilities, according to the British Computer Society, including:
- Investigate business systems.
- Identify options to improve business systems.
- Meeting business needs with information technology.
- Eliciting, analyzing, and documenting requirements.
- Inform stakeholders of these requirements.
Are there specific skills that the business analyst should have?
Of course, it is essential that all business analysts have special skills that make them professional analysts. Among these are:
- communication skills:
By the nature of the work of business analysts and the nature of the tasks delegated to them, they spend more than half of their time with customer, and this follows that the analyst possesses language skills and written abilities fluently to facilitate his communication with everyone without falling into trouble.
- Technical Skills:
In order to define business solutions, analysts have to be aware of the information technology applications that he will use in his work, and therefore the analyst who uses modern technology and applications in his work feels confident and effective ability to get his job done as intended.
- Analytical skills:
Analytical skills are the most important skills that business analysts must have, by which customer requirements are interpreted and then transferred to the application.
- Skills to solve problems facing companies:
Each project you work on is a solution to a particular problem, and this is where the business analyst comes to understand the problem, determine the appropriate plans for it, and identify the inevitable solutions.
- Sound decision- making skills:
As an analyst, a management consultant and a customer and employee advisor, he is required to make the right decision about what the company faces, and to determine the company’s path.
- Management skills:
The ability to manage projects, manage personnel, budget, project planning and many other tasks falls on business analysts, and therefore an analyst having such skill is essential to the success of the delegated work.
- Negotiation and persuasion skills:
The business analyst is the common intermediary between customers, developers and managers, so it is the task of him to communicate with everyone and reach a mutually satisfactory solution that maintains professional relations and achieve a profitable return for companies.
What is the importance of business analysis?
Business analysis has received a great deal of attention, because:
- It helps people understand the corporate structure.
- It also allows them to understand the problems facing targeted companies.
- It helps you reach solutions to enable companies to achieve their desired goals.
- Business analysis maximizes the value that companies provide to their stakeholders.
Are there ways to analyze business?
Of course, there are several ways that business analysts use them to obtain the desired results and goals they need; these include:
- PESTLE
In 1964, Francis Aguilar, a professor at Harvard Business University, was the founder of PESTLE, covering several factors, economic, technical, political, social, legal, and environmental.
- MOST
It is considered one of the main tools used in exploring the company’s strategy and helps define tasks, goals, strategies and tactics.
- SWOT
This tool is important because it is used to help focus activities on strengths and weaknesses and to identify internal and external opportunities and threats that pose a risk to the company.
- CATWOE
There are six components to this tool: clients, actors, transformation, owner, view the world, and surrounding restrictions.
Conclusion
Business analysts play a fundamental and great role in the company, passing all the tasks to achieve the greatest benefit to the company and understanding customer problems and solving them and then gain their satisfaction, so the skills that business analysts possess are very important to the success of the companies work, which means that choosing the right analyst for the company seeks for prosperity the company, but What if the opposite happened? For more details, visit us here!
