Business Analyst

What is Business Analysis?
Identifying the requirements of a business and defining the needs to trigger a consistent growth of that business is known as Business Analysis.
This disciplined process is meant for implementing required changes in an organization to facilitate the profitable change. Mostly, business analysis is critical for increasing the production and value of an organization. There is a need for business analysis to conclude on new outcomes or market research, to decide on the new opportunities brought to the organization by external vendors. Almost every successful organization around the world has a dedicated team of professionals engaged in business analysis.

Identifying the need with consequences!

Being said that the need of the organization is identified in a business analysis, consequences related to the need of the organization arises as well. Effectively researching on the problems of those consequences and finding strategies to overcome or rectify the problem is also a part of business analysis. For instance, when a business analysis suggests a costume company to introduce new to the market, the existing products that are already manufactured might be wasted and the new product might not reach the consumers successfully. Failing to define strategic solution to handle the problem arising while identifying the need of the organization will lead to business loss or sometimes the destruction of the company.

Reducing Cost of Implementation!

In addition to identifying the need of an organization, business analysis is also used to reduce the cost of implementations of an organization. Reducing the costs is one of the primary focus of Business analysis team of any organization. Following are the factors that help business analysts to manage the cost of implementation.

Right requirements - By suggesting right requirements for business implementations, a business analyst can reduce a huge amount that might be wasted upon rework.

Saving Time - By defining the strategies and roles to be performed by different departments of an organization, a business analyst can reduce the expense wasted on an unnecessary allocation of infrastructure and human resources.

Cost-effective Solutions - A business analysis professional is capable of choosing the cost effective solutions among several best solutions suggested. This reduces the cost without affecting the quality of implementation.

Training on Business Analysis!

Business analysis promises an organization with growth and success. Every organization is determined to grow and become successful. Thus, the demand for business analysts is enormous around the world. Unlike many other professionals who stick to a particular section of an organization, business analysts need to work on all the levels of an organization. It's inevitable to witness business analyst training courses from top training institutes flooding around the world. Many staffing companies are facing the shortage of candidates proficient in business analysis and were ready to train them at free of cost to meet the requirement of their clients.

Source: Payscale.com