Why Businesses Need Business Analysts
Business Analysts are a highly valued role in many companies. But what exactly makes a Business Analyst so vital? And, why are these analysts considered one of the top, indispensable positions in many businesses?
Business Analysts are predicted to shape the future of business in many ways.
The scope of their role is fairly broad and undefined to a degree. As a surface level summary, a Business Analyst works to uncover an organisation’s problems and needs, and provides suggestions to solve these business issues as required. They work alongside the company’s stakeholders to extract information on the needs and goals for the business. From there, the analyst helps to facilitate solutions to address these specific needs. With many stakeholders present on any given project, it is a Business Analyst’s job to act as an information conduit, ensuring all goals and needs are communally acknowledged and achieved.
The Business Analyst can be seen as the middleman, bridging the gap between IT or the development teams and the business and stakeholders. It is a role that is constantly evolving alongside data-driven evolution.
A Business Analyst works on both current and future problems, and offers guidance and insight to how these problems can be approached. It is a jack-of-all trades type role with many hats required depending on the specific project. This can include analysing the company’s needs, project management and modelling requirements.
The major drawcard to hiring a Business Analyst is their ability to implement change. They enable businesses to move forward and hence avoid the possibility of stagnating. A Business Analyst brings a change management skillset that has been curated to spot business problems and opportunities, and then ensure solutions are designed and implemented.
Beyond facilitating solutions and implementing change, a Business Analyst is also responsible for employee adoption of these changes. A Business Analyst can adopt the role of change management practitioner, ensuring employees know of planned changes and actually adopt these changes accordingly.
Business Analysts are highly skilled in facilitating digital transformation which is a major business pressure and a complex and costly transformation. A Business Analyst is skilled to bridge the client-developer gap.
Ultimately, Business Analysts deliver better business outcomes. Converting massive amounts of data into business insights is incredibly powerful – it is essentially competitive advantage distilled.
It is clear why Business Analysts are indispensable for many businesses. Their ability to identify and foresee problems, and then solve these problems, is highly valuable to the businesses’ longevity and progression. The Business Analysis field is expected to understandably experience ongoing growth as more businesses uncover the value that Business Analysts bring.