A business analyst is someone who studies an organization or industry domain and records of its business processes, systems, or organizational structure, analyzing the business models or its interaction with technology. Generally business analyst helps in assisting companies in improving their systems, products, services, and applications through analyzing data. The process of Business Analysis is more or less similar to statistical methodologies. This process helps in identifying, as per requirements, deficiencies in the current business and recommend changes in order to achieve business objectives.
Analytical skills are required in a good business analyst role. These skills are cross-functional in nature, involving the core competencies of the business analyst such as systems thinking, problem solving, strategic management, financial management, human resources management, marketing strategy, operations, quality assurance, business planning and development, supply chain management, and project management. The analytical skills can be applied in various contexts and fields such as finance, supply chain management, manufacturing, project management etc. Thus a good business analyst must possess the interpersonal skills and professional aptitude for working with diverse people.
The above mentioned are some of the essential competencies required in a business analyst role. They help in analyzing, modeling, recommending, and implementing change processes. These competencies are also implemented in the project management arena, helping to improve project delivery. These skills can help you find new features in business process engineering (BPE), improve process optimizers, create better quality systems and designs, find new features in complex technologies, and enhance the operational capabilities.