As an experienced senior business analyst with over 10 years of experience, Alastair Majury understands the intricacies of the industry quite well. However, he also understands that, much like any industry, business analysis can be quite confusing and difficult to understand for those not familiar with it. Considering that the rising prominence of data science, and the importance of business analysts to Financial Services regulator projects, Majury Change Management has thought it would help if more people understood the topics that are being discussed in the news today. That being said, this initial article will provide an brief introductory overview of Business analysis.
While it may sound overly complex at first — and admittedly it can be quite difficult at times — business analysis, at its core, is quite simple. In layman’s terms, business analysis is the process of taking a detailed look at any particular business, ranging anywhere from non-profits to major corporations, identifying its problems and needs and then proposing solutions. These solutions can come in the form of multiple methods including software development, organisation, process improvement, but they typically involve IT solutions in some form or another.
What is a business analyst?
Business analysis is incredibly important to any organization. It can help to strengthen failing businesses and improve upon already successful ones. However, while the process itself is important, what is even more crucial to business analysis is the business analysts themselves. Business analysis has several components and moving pieces to it, so the business analyst does not always go by this title. Some other titles include requirements engineer, process analyst, management consultant, project manager, and data scientist.
Business analysts are integral to any business as they offer in-depth solutions to existing issues, or even advice and leadership on new business ventures. Business analysts take on a variety of roles while working for any organization, sometimes even taking major leadership roles in the company in order to provide support and guidance.
Why are business analysts important?
By this point it may seem a bit redundant to explain a business analyst’s importance, but in order to reinforce the idea, I will explain it anyway. Businesses, large or small, need structure and organization outside of the traditional management positions. Business analysts offer an outside perspective and can link businesses’ problems with technological solutions. Any business can benefit tremendously from a business analyst.
Obviously, there is so much more to business analysis than I have presented here, but hopefully this brief overview of the profession provides a general idea of the industry.
Alastair Majury’s clients come to his Majury Change Management for a variety of reasons not just his grit, passion, and perseverance, but all of them want the same result, top quality analysis, supporting progressive project management. The analysis, could be Business, Data, Regulatory, System, or strategic, for clients from global financial organisations, ranging from the Challenger Bank, Retail Banking, Investment Banking, Wealth Management, and Life & Pensions sectors.
Whatever you need, Majury Change Management is here to help.
Alastair Majury’s clients come to his Majury Change Management for a variety of reasons not just his grit, passion, and perseverance, but all of them want the same result, top quality business, and data analysis along with top tier project management experience. Whatever you need Majury Change Management is here to help.