A business analyst is referred to a person who explores a business organization or industry and does documentation of its businesses or mechanisms or systems, evaluating the business model or its amalgamation with technology.
Basically, Business Analysts are responsible for implementing technology solutions in a cost-effective manner by considering the requirements of the program and stating them clearly to the stakeholders.
1. Excellent Communication Skills
Possession of good communication skills is important to flourish as a business analyst. Communication includes parameters like speaking, listening, writing, presenting, documenting and many more. As a business analyst, the major part of your work revolves around information and data.
The job of the analyst is to extract information, analyze information, broadcast the information and process the information. To perform either of the work, having good communication skill is considered to be as one of the utmost important skill needed for one to analyze business successfully.
While addressing the stakeholders, you must be the sole person from your industry for presenting your business analysis or tender quotation.
As per the opinion of experienced Business Analyst, interpersonal skills like teamwork, leadership, emotional intelligence, etc. play an important role in handling business processes and systems. Hence, this is one of the important skills required in the domain of trade industry.
2. Possession of Creative Design and Problem-Solving Skills
As per IIBA, analysis of business refers to the process of facilitating modifications in an industry or enterprise by clarifying the needs and recommending solutions to the problems offered by the stakeholders.
A good business analyst would face any problem and recommend an appropriate solution to that problem. The analyst must be creative and innovative enough to evaluate the different factors and causes associated with the context of the problem and suggest solutions corresponding to those issues.
The analysts must be capable of designing their own ingenious industry-plan models for future purpose. So, along with the problem-solving skills you need to have a vivid concept of creative design of business models.
3. Technical (or Technological) Skills
Besides having business-related skills, one must also possess the technological skills. There will come situations where you would need to give advice to the organizations who implement technologies.
So, a versatile and successful business analyst must realize and comprehend the technology space, so as to deliver technical solutions to the industries.
Technical skills like database, frameworks, architecture and systems are some of the concepts needed to be recognized by the business analysts. So, an adaptable business analyst must have a strong grip of knowledge about both the technical and business domains.
