D.Y. Patil Institute
of Distance Learning (IDL)

Business analysts are data-driven managers who evaluate past and current business data with the primary goal of improving decision-making processes within organizations.

Business Analytics is a combination of Data Analytics, Business Intelligence, and Computer Programming. It is the science of analyzing data to find out patterns that will be helpful in developing strategies. Its usage can be found in almost every industry. Business analytics is a field that drives practical, data-driven changes in a business. It is a practical application of statistical analysis that focuses on providing actionable recommendations. Analysts in this field focus on how to apply the insights they derive from data. Their goal is to draw concrete conclusions about a business by answering specific questions about why things happened, what will happen and what should be done.

With experience, you could move into senior management or start your own Fintech company.

ONLINE ADMISSION FORM

Skills required
for Business analysts

Business analysts need to know how to pull, analyze and report data trends, and be able to share that information with others and apply it on the business side. Budgeting and forecasting, Planning and monitoring, Variance analysis, Pricing, and Reporting are some key skills that a BA should have hands-on experience in.

Job Profile

Business analysts use real-time user data and analytics programs to identify user trends, successful functions, and potential user adoption problems with the applications. As data becomes more valuable to organizations, so do business analysts. A BA working in a classic waterfall development environment is more heavily involved at the front end, when gathering, analyzing, and prioritizing user requirements, before handing those off to developers and then moving on to another software development project. Meanwhile, BAs working on agile projects generally stay with the project through implementation and even through multiple releases.

Organizations often assign BAs to several projects at a time if the projects are small enough, or they may assign a BA to a single project if it’s complex.

Career path and progression

Beginning with the position of QA, those who wish to move higher up in the profession with years of experience one can move up to project manager role, senior/lead business analyst, product manager, and consulting roles