Business Analyst Skills
A business analyst is someone who studies an organization or industry domain and documents its operational business, systems, or procedures, analyzing the organization’s business or systems and identifying the business model. Business Analysts helps in guiding organizations in upgrading procedures, products, services, technology, and software through quantitative research. The analyst makes a thorough analysis of the systems and procedures, building the capability of the organization to move ahead with the change. The techniques used to design or construct a procedure are analyzed to ensure that the process can be easily modified and is still effective.
The business analysts need to have a good technical writing skill to present findings in reports and white papers. The ability to analyze financial statements of cash flows is necessary as financial statements are critical to understand the current operations of the company. Business Analysts need to comprehend the business intelligence data and documents to assess the needs of the organization. The business analysts need to understand the customer relationship management data to better assist the management to improve customer service.
The ability to analyze data and information is one of the key business analyst skills. Business analysts use data analysis to support and improve the decision making process. They analyze the data, documents, and information to provide recommendations to improve the process. The analysis provides a framework for identifying the opportunities for improvement and identifies the deficiencies in the process, resulting in better solutions to problems, new processes and products, thus improving the bottom line.