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Concept
Business analyst
Summary
A business analyst (BA) is a person who processes, interprets and documents business processes, products, services and software through analysis of data. The role of a business analyst is to ensure business efficiency increases through their knowledge of both IT and business function.
Some tasks of a business analyst include creating detailed business analysis, budgeting and forecasting, business strategising, planning and monitoring, variance analysis, pricing, reporting and defining business requirements for stakeholders. The business analyst role is applicable to four key areas/levels of business functions – operational, project, enterprise and competitive focuses. Each of these areas of business analysis have a significant impact on business performance, and assist in enhancing profitability and efficiency in all stages of the business process, and across all business functions.
Business analysis has been defined as "a disciplined approach for introducing change to organization" through management, processing, and interpretation of data in order to "identify and define the solution that will maximize the value delivered by an organization to its stakeholders".
A business analyst's job description tends to include "creating detailed business analysis, outlining problems, opportunities and solutions for a business, budgeting and forecasting, planning and monitoring, variance and analysis, pricing, reporting, and defining business requirements and reporting back to stakeholders".
There are many business activities which the business analyst is involved in. Some areas in which business analysts can have an important role are in financial analysis, quality assurance, training, business policy and procedures, market analysis, organizational development and solution testing. More specifically, business analysts are required to use the data which is gathered for the purpose of analysis and interpret greater meaning for the business.
Official source
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