Business analysis is a disciplined, structured, and formal approach to analyzing a business process, identifying improvements, and implementing changes so that the business can better achieve its goals. It is based on facts, figures, and observations.
A business analyst is a person who helps businesses analyze their processes, products, services, and systems to improve current processes and make profitable decisions through insights and data analysis. A business analyst also helps organizations document business processes by assessing the business model and its integration with technology.
A Business Analyst uses data to identify problems and solutions, thereby creating step-by-step actionable steps for the future of the organization. He also conducts a business model analysis to evaluate the organization’s policies and structure to suggest change and improvement.
Builds business cases with strategies from financial analyses and reports on risks and returns.
Streamlines and improves internal and external reporting. He also forecasts and budgets the finances of the organization in line with key performance indicators.
Ensures quality control by evaluating and improving business output which includes products, services, and IT structure of the organization.
Identifying and prioritizing the organization's functional and technical needs and requirements
Using SQL and Excel to analyze large data sets, as well as compiling charts, tables, and other elements of data visualization
Understanding business strategies, goals, and requirements, and creating financial models to support business decisions
Planning enterprise architecture (the structure of a business)
Forecasting, budgeting, and performing both variance analysis and financial analysis
Expertise in data research
Mathematical mindset and expert analytic capabilities
The ability to investigate and identify critical data
Proven SAP skills
Strong Microsoft Excel, Word, and PowerPoint skills
SQL proficiency
Project management experience
Strong communication skills for reporting to stakeholders
