Since you are here, either you want a career in business analytics and want to gather information for the same, or you are contemplating if it’s the right career choice for you. You are at the right place, so stick through the end to get your doubts cleared. Businesses are seeking to increase their efficiency and reduce costs, giving business analytics the importance it deserves.
What is Business Analysis?
Business analysis research-based discipline. It involves identifying business needs and finding solutions to business problems. It helps businesses to find their needs and identify solutions to business problems. This solution includes software development of system company Development, improvements in processes, organizational changes for strategic planning, and development of policies.
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There are different types of business analysis and mainly 4 are noted down-
- Business Developer- Business developer analysis helps organizations identify their business needs and opportunities.
- Process Design- This analysis standardized an organization’s workflows and make them more productive.
- Business Model Analysis- This analysis helps organizations define and model their policies and market approach.
- System Analysis- this analysis involves the interpretation of business requirements and rules for technical systems.
Who is a Business Analyst
Business analysts are those professionals who analyze documents to process and systems of business. They help improve business their products, services, and processes through data analysis. Business analysts work as a bridge between the management and information technology of a business.
They work with business heads and users to work on how data-driven changes can improve efficiency and add value to the organization. A business analyst’s job basically requires budgeting and forecasting, variance analysis, pricing, creating detailed business analysis, reporting, defining requirements for the business, and reporting them to management heads.
Business Analyst vs Data Scientist
1. Data analysts primarily gather models and analyze data while business in a let’s do the same but in context of client and business requirements.
2. While business alerts work only on structured data, data analysts work on structured data and unstructured data.
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3. Data scientists need to have IT knowledge, with good mathematical skills, machine learning algorithms skills, and analytics while business in Aliexpress more business-oriented skills like excellent intrapersonal skills and problem-solving techniques with statistics.
4. Data scientists are experts in python, R, SAS, Tensorflow, Hadoop, spark, etc while business analysts work with SQL, R, tableau, and Excel.
Similarities between Business analyst & Data Analysts
Open both are mistaken to be the same, although they have similar responsibilities they are different.
1. Business analytics use data to employ concrete and practical decisions in a business while data analysts collect, analyze, and process already available data and process vital insights that can improve business efficiency and solve existing problems.
2. Business analysts have good knowledge of programming and statistical tools and possess excellent interpersonal, and problem-solving techniques. Why do data analytics have a strong background in statistics, computer science, and mathematics?
How to become a business analyst?
Tools used by the business analyst-
Business analysts use certain tools to analyze data processes and presents. They usually use Microsoft Excel, Microsoft PowerPoint, Microsoft Access, SQL, Google analytics, and tableau. These tools help business analysts collect and sort data, write documents, create crafts, and visualize the data to show the findings.
You don’t have to possess programming or database skills for a business analyst but it’s always preferred to have one. It will always be a plus point to have these skills and have a certification in a business analytics course. According to your job title you might have to use different types of tools and software, some of them are SQL, R, and tableau.
Skills required to be a business analyst-
Some key skills that a person has to develop and work on to become a business analyst are-
1. Problem-solving skills– this is of utmost importance since this is what analysts do mainly.
2. Good communication skills– your whole data analysis report will go to waste if you don’t know how to communicate that to the clients.
3. Research– The skill to do detailed Research and predict trends is also important.
Courses for a business analyst in India
There are some business analytics courses offered by big institutions for business analytics in India. Those are listed down below. The exact programs and their duration may vary from college to college.
- MBA in business analytic, Duration- 2 years
- Postgraduate program in business analytics, Duration- one year
- Postgraduate program in business analytics and big data, Duration- 2 years
- Executive program in business and analytics, Duration- 6 to 12 months
- PGDM program with a specialization in analytics, Duration- 2 years
- Executive program in business analytics and business intelligence, Duration- 2 years
- Certificate in big data and analytics, Duration- 10 months to 1 year
