What is Business Analysis?
Think justify, translate and communicate within an organisation you have what we call business analysis. To be more precise, Business Analysis is the practice of enabling change in an organizational context, by defining needs and recommending solutions that deliver value to stakeholders. You have to be like Columbo. Remember that extremely annoying, amazingly relentless and unwavering detectives who could question you to death just to get to the bottom of an investigation? Well that’s kind of what business analysis is about.
Who is a Business Analyst?
A Business Analyst is a business professional who identifies and articulates the need for change in how organizations work, and facilitate that change. They also are involved in justifying business requirements, translating those requirements to the relevant technical / implementation team and communicating them back and forth between the business, technical, third party suppliers and partners until benefits are realised. As business analysts, you are required to identify and define the solutions that will maximize the value delivered by an organization to its stakeholders. Business analysts work across all levels of an organization and may be involved in everything from defining strategy, to creating the enterprise architecture, to taking a leadership role by defining the goals and requirements for programs and projects or supporting continuous improvement in its technology and processes.
Job titles for business analysis practitioners include not only business analyst, but also business systems analyst, systems analyst, requirements engineer, process analyst, product manager, product owner, enterprise analyst, business architect, management consultant, business intelligence analyst, data scientist, and more.
A new Forrester report sheds light on this little known, often misunderstood but critical liaison role that can unite the business and IT on enterprise projects, systems development and business strategy. – CIO.com
What does it take to be a Business Analyst?
The business analyst role is often seen as a communication bridge between IT and the business stakeholders. Business analysts must be great verbal and written communicators, tactful diplomats, problem solvers, thinkers and analysers – with the ability to engage with stakeholders to understand and respond to their needs in rapidly changing business environments. This can often involve dealing with very senior stakeholders and can often involve challenging and questioning to ensure that value for money is achieved from IT developments.
A business analyst does not need to have an IT background although it can help to have some basic understanding of how IT systems work. Some business analysts come from a technical or programming background but they will often come from within the business itself – having a detailed knowledge of the business domain can be equally useful (if not more so!)
How much can a business analyst earn?
Taken from the IT Jobs Watch website, the table below looks at the statistics for the Business Analyst role in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Business Analyst in their job title over the 3 months to 10 April 2015 with a comparison to the same period in the previous 2 years.
Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.
What do you need to become a Business Analyst?
What you need is practical work experience if you can find a company to give you the opportunity and a British Computer Society certified professional qualification in business analysis practice. There are quite a few but to start with this link should help.
Always remember that knowledge without application is a like a car with an inexperienced driver. You may have the knowledge required to know how to drive a car but that does not mean you know how to drive one. For this you need practical work experience and on the job training, working on live innovative projects and building up the work experience required to secure your first business analyst role. Check out our long list of success stories here.
We are constantly looking for ways to improve our Business Analysis skills and ever so often we check out what other companies are doing, learn, adapt and implement them into our own framework. Below is a recent infographic on business analysis created by enfocus solutions. We recently spent a great deal of time reviewing this infographic because we are focused on booting our return on investment through business transformation, making some major process improvements and introducing new products in to the market. If there was ever a time to join us it’s now. Learn more about what we do here and you can check out some of the projects we allow candidates like yourself work on here.
With over 31 of our candidates securing jobs last month and an average of 20 new candidates securing jobs every month, your chances of success have never been higher if you are new to the world of business analysis.
Think you’ve got what it takes to be a business analyst? Then call us on 0203 793 7731 OR 0203 793 7732 or register FREE here.