10 skills every Business Analytics Professional Needs

Business analysis is something that focuses most on analysing and optimising the processes and functions. A business analyst analyzes what a business needs, to function optimally and what it needs to improve. After that, they implement new solutions which include improving processes, changing policies, or introducing new technology.

The job of a business analyst is not only about working with the client, who often has a particular requirement in their business, but also closely works with the development team, which either builds a product or delivers a service to fulfill the client’s requirement. They coordinate between these two to make sure that the solutions created by development meet the client’s requirements. There are various skills that are essential to be present in a person who understands the business. One who makes important decisions based on analytical thinking and helps in business development. 

  • Communication Skills:

It is essential for business analysts to have good communication skills. This helps them in facilitating work meetings, asking required questions, listening to the answers, and absorbing what’s being directed. These days, communication has become essential in virtual meetings and it is important to have good verbal and non verbal skills for cracking the dream business deal.

As a new business analyst, one might not have any experience in a variety of business analyst specifications however, it’s quite possible that strong communication skills serve as building blocks for exceptional communication skills. 

  • Critical Thinking Skills:

Business analysts are often given the responsibility that includes evaluating multiple options before helping on settling on a solution for a team. When the teams sit in a discussion in order to work on something that needs to be solved, the business analysts must take proper inputs from the stakeholder. They critically consider the needs of clients and probe them questions until the real need is understood. This is how critical thinking and evaluation skills are important for the new business analysts.

  • Problem Solving Skills:

Every project is designed in order to look after a problem statement and find constructive solutions to fix the issues. A business analyst is someone 

  1. Analyzing Skills:

This is something one needs to enhance on their own, by understanding the business requirements. However, a good kickstart can be provided by getting certified in the field of business analytics. IVY Pro School is a Top Ranked Data Science and Analytics school in the country consistently since 2014 (Analytics India magazine, Silicon India Magazine). As official training partners of companies like Honeywell, CapGemini, TESCO, Accenture, Genpact, HSBC, Cognizant, eBay/Paypal etc., more than 100 Analytics companies have recruited students from IVY. They are well known for certification in business analytics. 

  1. Relationship building Skills:

Relationship building skills means building trust and often means stepping into a leadership role on a project team to bridge the gaps between the company and the client. 

One needs to forge stakeholder relationships which requires a strong sense of soft skills. A stakeholder is simply anyone who has something to contribute to your project, and often a business analyst has to work with many stakeholders from both the business and the technical fields.

  1. Self-Management Skills:

Business Analysts are not project managers, and thus the ones who are the most successful, manage the business analysis effort. This not only provides the BA to have a proactive approach but also makes them aware of the dependency. These skills induces a sense of commitments within the BAs and helps them to manage the deadlines. It involves influence, delegation, and issue management as well.

  1. Technical Skills: 

SQL, .NET, Perl, Python, Tableau, VBScript are some of the technical skills one needs to have in order to become a good business analyst. It is important that a business analyst has technical understanding as it helps to analyze the problem to be solved and communicate with technical stakeholders.

There are a lot of hiring managers who would gladly hire one as a BA and as a software developer. The technical skills in business analyst jobs are seen for a variety of reasons, but often it’s because the organisation is looking for one person who could fill two roles.

  1. Methodology Skills:

A specific methodology is a way how the business analyst job role can be specialized. Some of the unique methodology includes : 

  • Agile Business Analysis
  • Six Sigma
  • Business Process Modelling Notation (BPMN)
  • Rational Unified Process

One can just choose any way in which the organization could approach a change and they can find business analyst profiles with that specific skill set. 

Having these skills can be an added advantage when it comes to searching for a job, or getting the required recognition in your current organization. 

  1. Domain Experience:

One could be really confused about this. Confusions like, if one needs to learn about the financial domain, or insurance, or about HR? Well the good news is that one does not need to be an expert in every domain or industry, because that would be impossible.

A lot of BA jobs require special areas of expertise. If one has areas of expertise in specific domains, they could leverage the expertise in a BA career. But if they do not, they just need to focus on opportunities that will value other business analysis skills.

  1. Visualization and Model Creation Skills:

There is a saying that goes, “A picture paints a thousand words”. Data Visualization is an integral part of business analytics. It conveys a large amount of information without relying on text. A visual representation gets an overview of the problem or project so that an analyst can figure out where the disconnect lies. A good process model will have several different levels of detail to allow an analyst to engage with stakeholders in a language that they understand and often present the data in the form of charts and graphs that would make it much more appealing.

All these above skills are essential and not limited to for a business analyst to become successful in their role. Time management skills along with the catering stakeholder requests are something that comes with the experience and can be self learned. The demand for business analysts has grown like anything with technological advancement.

Hear it from industry experts – https://youtu.be/G8W3JhNWlzs

If you are someone who aspires to become a business analyst, then IVY is there to help. You can get in touch with our professionals who would be happy to help you in transforming your career in the field of business analytics. You can also give a call to +91-7676882222. 

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