Business analysts work as doctors in the business field analyzing business performance, defining processes that can add to business efficiency, and streamlining existing processes for effective business results. The job of a business analyst involves the identification of key business challenges and issues that can be addressed through appropriate measures and adoption of custom built information technology based systems.
Business analysts play an important role today in terms of improving business performance and improving the firm’s profitability. It is their work to ensure that the firm remains profitable and develops the key capabilities required to remain competitive in the markets. This may involve innovative work practices, use of IT applications to streamline operations and remove ineffective work processes. Cost effective means of doing business and achieving business goals by implementing innovative means of working are the key objectives of a business analyst.
Business analysts are responsible for planning and supervising the operations, identifying key areas of improvement, defining new and innovative means of doing business, analyzing business performance issues, gathering information related to evolving business trends, updating work procedures and re-engineering work processes to achieve the defined business goals effectively.
• Should have excellent analytical skills, problem solving abilities and project management capabilities
• Must possess excellent communication skills and leadership qualities
• Must have a good understanding and knowledge of related technology tools and concepts