Top 10 Trends in Business Analysis

According to the recent research done by senior executives, the role of Business Analyst has increased focus on business communication, value, client collaboration, and visual modelling. This is over and above the documentation and other activities of the project. In the world of business, it is a must to analyse what happened in the previous years and to make predictions for the forthcoming years. This practice is common in the business analysis area too.

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What are the top 10 trends in Business Analysis?

Here in this article, we summarized the top ten trends in Business Analysis:

1. Enhanced from the Traditional Project Manager to Business Analyst:

In early times, the Business Analyst involved in gathering and managing project requirements and the Project Manager involved in managing time, scope and budget of a project. Besides to these responsibilities, the roles of the project manager and business analyst are increased with strategically oriented duties. Today, the organizations have begun to understand that they have to make sure the benefit and value of the project they deliver to succeed in this competitive world. Since the organizations are showing more interest in using professionals to support them acquiring and proving the raised value. This includes some new roles, which requires something more than the traditional project manager and business analyst roles.

Project Managers are required to focus on ensuring the value and benefit of the business case as well as program charter. In addition, they need to align the projects to the planned creation of the enterprise. BM is focused on enabling the understanding of the real requirement of a business to provide the raised value and benefit to the organization as well as its clients.

2. Utilizing Tablet Tools for Business Analysis:

Business Analysts begin to utilize the features of tablets including functionality, visual power, and portability to work, especially, to gain client interactions. Drawing, writing and creating models using a tablet will increase the visualization as well as decision-making. Since the tablets are more flexible to use for the Business analyst roles, it is possible to get the exact details immediately. Due to the increased usability of education tools, analysis tools, mapping, modeling and other application in the domain of business analysis, there will be a great demand for the software vendors.

3. Business Analysis – A greater benefit  on IT Investment:

Organization likes to apply the business analysis discipline before capitalizing in enterprise-wide solution to guarantee the exact solution. They also believe that changing the process instead of customizing software can offer greater value to their business. They understand that business analysis can determine the right software for their organization by evaluating the requirements. Business Analysts also guarantees that the process of organizations is aligned with the best practice of the business to enhance the positive results.

4. Decision Makers accepted the importance of Business Analysis:

Based on the new research, a large number of stakeholders like decision-makers, sponsors and executives are realizing that the business analysis is essential to attain a successful project. It is actually good for those who have great experience in business analysis roles. The senior stakeholders find that educated decision makers can ensure the greatest level of support and consideration for their requirement process. The business analysts today are also showing more interest in obtaining business analysis training to excel in their career.

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5. Focusing on Communicating rather than Documenting:

The recent trend requires the business analyst should do something more than just taking orders for requirements. That means there is a role shift from low-end work like writing as well as handling text-based documents to the high-value work like handling online repositories, visual modeling, and real-time association tools. At these times, organizations include geographically dispersed virtual teams; hence, they are searching the way for changing the mode of teams’ work. This situation makes them invest in the modeling tools. With the modeling tools, the business analysts will need to spend more time on collaborating with stakeholders in order to obtain the right requirements instead of just filling the templates.

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6. Building a better Business Case to Avoid Failure:

The role of the Business Analyst will be to support and safeguard organizations from getting into problems due to their affinity to prepare a business case, which is inaccurate, biased and superficial. An accurate business case will convey the entire story to the executives. Smart organizations are well aware that benefit of avoiding a worst project can cover the budget of their business analysis for the year.

7. Proving the Value via Business Relationship Management:

Generally, executives show more interest in obtaining the best result from their projects and programs. This is the main reason for the rising popularity of Agile. It is a new trend, which supports to guarantee that the value achieved is the appearance of the role of Business Relationship Manager (BRM). BRM is someone more than the connector between the IT and business. The responsibility of a BRM includes forming a feedback loop of actual benefits obtained from the enterprise to the predicted welfares in the business case.

8. Larger Enterprises promise opportunities for Business Analysts:

From the year 2016, more and more organizations are determining that integrating the role of the business analyst including junior analysts, senior analysts, enterprise architects and enterprise analysts within the business will ensure the success of the business. The organizations reward the business knowledge of the Business Analysts.

9. Greater Understanding of Opportunities:

Candidates have been realized that the companies are looking for people who can able to utilize their knowledge in understanding project objectives and business initiatives within the organization. They are enhancing their knowledge by enrolling some business analysis training courses.

10. The Requirement of Management gets Cultured:

The technology has changed many things. Documents of the organizations are shared and managed via web-based portals like SharePoint, which allow for effortless access, review as well as feedback. In addition, these portals allow collecting and managing the requirements for better quality control and trace-ability. Even the small, as well as medium range companies, can enjoy the advantages of these web-based portals due to their scalability feature.

You May also Like to read : Top 10 Business Analyst Questions to crack BA Interview

I hope that by now you have had an overview of Business Analysis. Before you enroll in ZaranTech’s certification course on Agile Business Analysis do check out this demo video: