Ping search engines. A lot of efforts and hard work is needed to perfect the skills required by a business analyst, but with a certain degree of dedication and determination one can excel in this field. If you’re marching on your way towards becoming a successful Business Analyst then you must read the following points:
Performance check:
It is important for all the aspiring traders to develop a habit of keeping an unbiased record of their performance. This would enable them to view their strong as well as weak points.
Keep upgrading your knowledge:
Always be eager to learn new things related to the market. More and more knowledge would help you to generate new ideas to improve yourself in order to perform to the best of your abilities.
Be prepared for challenges:
Stock market is very unpredictable, you might have to face a number of challenges and tricky situations. So it is advised to prepare yourself to face all sorts of difficulties that you might have to face. A lot of professional courses are also available to help you to enhance your business and trading skills. You can consider joining a business analytics certification course, which would ensure you to gain a better insight into this field.
Business Analysis deals with identifying problems and the need for change in an organization and providing solutions to problem and facilitating change. Business Analysts identify the needs of a business and provide solutions that will deliver maximum value to stakeholders. Business analysts work across all levels of an organization and may be involved in everything from defining strategy, to creating the enterprise architecture, to taking a leadership role by defining the goals and requirements for programs and projects or supporting continuous improvement in its technology and processes.
But as businesses get more complicated, questions surrounding Business Analysis also change and get more dynamic. Here are some of the top questions and trends in Business Analysis and business analysis courses and workshops in 2015.
What is Distributed Leadership and is effective? As leadership gets more distributed and the one decision maker model crumbles, Business Analysis will have to create models that take into consideration more than one variable
How will better Design and technology affect Business Analysis? Apps are making a huge difference in business Analysis. How does that impact model making and problem definition?
Is there value in certification? We believe there is value in Business Analysis courses and the rise in MOOCs (Massive Open Online Courses) reflect the interest project managers have in improving business analysis skills and problem solving models
How does creativity and entrepreneurship affect Business Analysis? Business Analysis certifications focus on frameworks. What is the role of creative entrepreneurship in that?
How will Agile training change as business move towards teamwork rather than focusing on the individual? And how do we make teams react to organizational change better?
Find out the answers to all these questions by enrolling in BACP, the leading Business Analysis Course in Mumbai. Click here for more information.
Data-rich, Information-poor and Insight starved. This is how keynote speaker Sameer Dhanrajani describes organizations today. Indeed, in the age of Big Data, this is a powerful paradox to kick start a Business Analytics conference attended by the who’s who of the Analytics world in India.
Data alone is useless unless it helps you address real-timebusiness issues. Is Analytics helping customers solve their problem? Can I bring about strategic change in my business using Analytics? The answer is YES! The increasing adoption of Business Analytics by not only CXO’s but also by heads of business and process owners is testament to the transformative power of Analytics.
Analytics has been highlighted as a key strategic technology trend in 2015, according to a Gartner report, Oct 2014. This is the first time that three of the top 10 IT trends are from the world of Analytics. These include 1) Advanced, Pervasive, and Invisible Analytics; 2) Context-rich systems; and 3) Smart Machines.
Big Data is a household name, but not many are aware of Data Economy.Most of you will recall that in 2013-14, Big Data was all the rage. Tom Davenport predicted that the era of Big Data was passing and coined the term Data Economy. Data Economy is a stage where analytics will start becoming a strategic asset for an organization. Advanced, pervasive and embedded analytics using smart machines and context rich systems would enable real-time decision making. We are moving from IT-led business intelligence to a stage where personalization, smart machines and B2C transactions will drive the embracement of analytics.
The capabilities of Analytics will define what processes will be part of an organization, and not the other way round. These capabilities straddle the entire value chain for businesses, but are especially relevant for Banking, Insurance, healthcare, and Entertainment domains.
According to a Gartner Report (Oct, 2014), 73% of respondents have either adopted or are on the path of adopting analytics as part of their organization. This trend is set to continue. Analytics will become more relevant in helping organizations address key business initiatives, delivering impact across the business continuum, thereby accelerating value creation.
The same report identifiesMarketing, Operations, Sales, Customer service and R&D as the key areas where customers are already investing heavily in building their internal capability for advanced analytics.
The other key trend in Analytics is the adoption of open source platforms like R. R is versatile, can be customized as required and is free of cost, which accounts for its rising popularity over proprietary software like SAS.
In conclusion, there is a significant shift in how we leverage data to meet our objectives. Exciting new Analytics technologies are emerging—and in some cases, converging—to help organizations drive innovation and make smarter decisions with insights based on more than just structured, static data.
To know more about business analytics trainings, or business analytics certification in india, you may visit www.imarticus.org.
It has been said that a “a good leader can make a success of a weak business while a poor leadership ruins even the best plan”. That is why developing effective leadership is considered as a key differentiating factor and critical to the overall performance of the organization.
Companies operating in today’s competitive marketplace understand the importance of leadership effectiveness for growth and development of business. Different leadership development and training programs have been initiated with the motive to form, maintain, and transform the true identity of a business leader. Consistent talent management programs are being organized at all levels across the organizations in order to identify qualified candidates to fill current and future leadership roles.
Leadership is the combination of action and knowledge. Leaders are known for making decisions, which can increase shareholder value, attract and retain a competitive workforce and maximize the use of resources.
Developing an effective leadership style requires deliberate practice. It can be conceptualized through detailed performance model baseds on the organizational need. ‘Imarticus’ offers leadership development programs, which involve continuous training, assessment and feedback in order to develop the effective leadership skills to cater to different job roles.
Data-rich, Information-poor and Insight starved. This is how keynote speaker Sameer Dhanrajani describes organizations today. Indeed, in the age of Big Data, this is a powerful paradox to kick start a Business Analytics conference attended by the who’s who of the Analytics world in India.
Data alone is useless unless it helps you address real-timebusiness issues. Is Analytics helping customers solve their problem? Can I bring about strategic change in my business using Analytics? The answer is YES! The increasing adoption of Business Analytics by not only CXO’s but also by heads of business and process owners is testament to the transformative power of Analytics.
Analytics has been highlighted as a key strategic technology trend in 2015, according to a Gartner report, Oct 2014. This is the first time that three of the top 10 IT trends are from the world of Analytics. These include 1) Advanced, Pervasive, and Invisible Analytics; 2) Context-rich systems; and 3) Smart Machines.
Big Data is a household name, but not many are aware of Data Economy.Most of you will recall that in 2013-14, Big Data was all the rage. Tom Davenport predicted that the era of Big Data was passing and coined the term Data Economy. Data Economy is a stage where analytics will start becoming a strategic asset for an organization. Advanced, pervasive and embedded analytics using smart machines and context rich systems would enable real-time decision making. We are moving from IT-led business intelligence to a stage where personalization, smart machines and B2C transactions will drive the embracement of analytics.
The capabilities of Analytics will define what processes will be part of an organization, and not the other way round. These capabilities straddle the entire value chain for businesses, but are especially relevant for Banking, Insurance, healthcare, and Entertainment domains.
According to a Gartner Report (Oct, 2014), 73% of respondents have either adopted or are on the path of adopting analytics as part of their organization. This trend is set to continue. Analytics will become more relevant in helping organizations address key business initiatives, delivering impact across the business continuum, thereby accelerating value creation.
The same report identifiesMarketing, Operations, Sales, Customer service and R&D as the key areas where customers are already investing heavily in building their internal capability for advanced analytics.
The other key trend in Analytics is the adoption of open source platforms like R. R is versatile, can be customized as required and is free of cost, which accounts for its rising popularity over proprietary software like SAS.
In conclusion, there is a significant shift in how we leverage data to meet our objectives. Exciting new Analytics technologies are emerging—and in some cases, converging—to help organizations drive innovation and make smarter decisions with insights based on more than just structured, static data.
To know more about business analytics trainings, or business analytics certification in india, you may visit www.imarticus.org.
Change in the business environment is the only constant thing which needs to be analyzed and evaluated. Business analysis is significant in the direction of maintaining competitiveness in the market.A company hereby needs business analysts who can deploy his/her professional and analytical skills to identify the key aspectsof business that desire improvement.
The responsibilities of a business analyst span in several functional areas like:
A business analyst manager is responsible for investigating key factors affecting business performance with the use of data and statistical models so that the future performance of the firm could be plotted.
With the help of available data statistics, they tend todesign and implement several business solutions to reduce the chance of failure on business front.
Depending on the complexity ofbusiness nature, analysts apply a wide variety of techniques to investigate business goals and concerned issues and identify potential solutions to addressthem.
An analyst must be able to provide guidance and direction to the business. A deep probing is done to extract the potential solution for the critical situations that arise.
They must have a clear understanding of the data set, data tables and data statistics to aptly optimize business performance. This work can be performed by analyzing the business information collected from different sources
In today’s business industry, a firm cannot go long way without business analysts. Hence, many individuals are stepping into this field.‘Imarticus Learning’, Mumbaiis successfully catering certification courses and training forbusiness analytics. The Business Analytics Professional program from ‘Imarticus Learning’ will be helpful for those who aspire to accelerate their career path in business analysis.
If you have an inclination towards the BA space, here’s what your personality should look like..
Like resolving problems?
Do you get very frustrated when being dragged through a poorly thought-out process.
Concept Detector? You might not be the one with the best concepts, but you know a great concept when you see one. And you are motivated to see through that idea when everyone else’s attention has moved to on to the next great thing.
Help People Communicate:
You always seem to sense when people are talking to each other but not communicating with each other. And you’re at your happiest when jumping into the discussion to clarify things.
Like to work independently?
Maybe as much as two thirds of your day.Business analysts tend to spend about 2/3 of their time working independently and 1/3 of their time in meetings and interacting with stakeholders.
Also a great team -player?
If you had to spend the other third of your day all alone working on some technical problem or doing repetitive work, you might just pack up your things and quit.
Are you a bit like a 2-year-old?
Always asking why, why, why. (Although good BAs ask why with finesse, something we teach you how to do in our Essential Elicitation Skills course.)
Like to build on your deep business experience?
Whether as a subject matter expert, technical writer, project manager, sales person or recruiter, just to name a few possibilities. All of this experience you have adds up to something and has prepared you to be a great business analyst.
Like earning more money?
Given that the average salary of a business analyst in the U.S. is over 80K/year, many professionals are attracted by the prospect of a nice pay increase once they solidify their BA career.
There are various ways to get into a Business Analysis career, one of which is to get lucky and wait for the opportunity to knock your door, and the other is to upgrade and grab it yourself. There are various business analyst training courses in India, this being a practical & interactive role, getting into an online training is not much of a help. To know more about business analyst training classes led by an industry expert (Classroom), you may login to www.imarticus.org
Analytics has gained due importance over time. As companies make huge investments in analytics as well as create in-house analytics team; there is an outright desire to ensure that the investment doesn’t go in vain. Hence, all effort to made to hire the best people, those who possess analytics knowhow as well as provide training to perfect analytics professionals. Below is the ideal process that firms should adopt to create a high performance analytics team:
Recruit: Never compromise while recruiting. Choose nothing but the best. If this step is taken carefully, the rest will fall in place. Judge the person on the basis of important skills: Structured thinking, Business understanding and problem solving, Attention to details, ability to triangulate numbers & do back-of-the-envelope calculations are important and so are Communication skills. Judge the candidates via multiple rounds of role-play as well as interactions.
Train: Once you have successfully cleared the first step, it is equally essential to provide the requisite training and resources. For this you may avail the “Business Analytics Professional” training from Imarticus Learning or indulge the in-house expert staff for the same. Corporate training by an institution like Imarticus Learning is highly recommended, as it comprises structured thinking and writing, basic statistics knowledge and subject matter expertise for business understanding.
Foster Analytical thinking: Analytical thinking requires professionals to adapt to the situation and different scenarios. This will emerge when people are provided the culture that accentuates it. Let the business analysts’ work closely with the business team and give them the opportunity to handle bigger roles whenever possible to ensure feedback on a regular basis. Brainstorming and knowledge sharing sessions are critical to gather creative ideas and further evolve structured thinking among all.
Manage Performance: Once you have your team in place and a culture that fosters analytical thinking, ensure that they handle the challenging problems with utmost sincerity. For this, acquaint them with the objectives and the problems that are keeping you from achieving the desired results. Once they have accomplished the tasks, provide them with the feedback based on performance. Do not overload them with excessive projects and ensure you monitor whatever has been assigned with utmost dexterity.
These best practices will your firm build a high performing analytics team that delivers results.
Capital Markets one of the most confronted sectors of the financial services industry. The dynamics of the changing global industry, including new regulations and business models have laid impact on the performance of the capital market and its instruments.Capital markets basically focus on wealth management and a reengaged in cash management, asset management, protection, credit, retirement and estate planning, fixed income, equities and financial and credit derivatives.
Indeed, capital market firms target customers with a range of products as solutions to individual wealth management needs. Apart from managing wealth products, capital market plays an important role by contributing to the growth of the country’s economy.
Provides several avenues for investment opportunities that encourage a thrift culture beneficial in increasing country’s savings and investment ratios that are essential for rapid industrialization.
In order to enhance economic productivity it encourages the participation of private sector in productive investments by promoting public-private sector partnerships.
Improves the efficiency of capital allocation through competitive pricing mechanism for better utilization of scarce resources for increased economic growth.
It encourages equity capital investment and infrastructure development while complementing its effort in financing essential socioeconomic development, through raising long-term project based capital.
It helps in diffusing stresses on the banking system by matching long-term investments with long-term capital.
‘Imarticus Learning’, Mumbai offers well recognized certification courses which will give you an edge on Capital Markets in today’s highly competitive finance industry.
The 21st century has witnessed business analysis as one of the core business practices. Reason being, almost each industry possesses skilled business analysts who contribute to the overall profitability, thus proving to be a vital link between their information technology capabilities and business objectives. This eventually narrows down to the fact that the rapidly changing marketplace presents a host of opportunities for business analysts. However, training is undoubtedly very essential seize this opportunity as it prepares them with the skills desired to remain competitive in the modern organizations.
What role does a business analyst play in an organization?
Present day business environment is highly wavering wherein nothing can contribute to the extent that innovation can. Hence, the key to success lies in an organization’s adaptability, agility, and ability to manage constant change through innovation. The emphasis has been laid upon innovation for the fact that during the unfavorable economic conditions, traditional methods may not lead to reaching objectives. That’s where business analysis and the role of business analysts come into play.
Profitability of an organization could be achieved when the projects successfully meet the customer objectives through new products and services. In this case, the business analyst contributes a lot towards analyzing what all is working in favor of the organization and suggesting the areas that desire change. They can make it all happen more efficiently and effectively.
The business analyst’s primary objective is helping businesses implement technology solutions in a cost-effective way by determining the requirements of a project or program, and communicating them clearly to stakeholders, facilitators and partners. Business analysis training at Imarticus Training inculcates the basic skills required to lead as a business analyst for firms. This not merely helps develop the technical solutions to business problems but also helps in advancing the sales efforts.
Business analysts typically take the lead role in:
Assisting with the business case
Planning and monitoring
Eliciting requirements
Requirements organization
Translating and simplifying requirements
Requirements management and communication
Requirements analysis
Wish to be a successful business analyst? Contact Imarticus Learning for comprehensive industry specific training programs in various sectors such as Financial Services and Analytics.
A lot of efforts and hard work is needed to perfect the skills required by a business analyst, but with a certain degree of dedication and determination one can excel in this field. If you’re marching on your way towards becoming a successful Business Analyst then you must read the following points:
Imarticus Learning 