Analyst Job Descriptions

Unlike in the yester years, today, there are different types of analyst jobs available in the market. Like for example, if you are planning to work as a data analyst, then quickly have a look at the duties and responsibilities of data analysts.

As the term itself suggests, data analysis implies collecting as well as analyzing data in order to improve a company’s marketing, insurance as well as other business practices. Business analysts are highly trained professionals and their duty is to make an analysis of the data by using mathematical calculations and computerized models. They are responsible for determining the risks involved in the business and gathering statistical information in order to find out how the company can alter its present business model for generating maximum profit. Since majority of the companies want to diversify or expand their business or improve their business practices, data analysis is gaining significant momentum today.

Roles and Responsibilities of Data Analysts

The process of data analysis can be broadly divided into four categories. They are data cleaning, initial analysis, main data analysis and finally, final analysis. Data cleaning implies removal of incorrect data. Secondly, initial analysis implies making an assessment of the quality of data. On the other hand, main data analysis means finding out the meaning of the data. Finally, final analysis means providing additional information. All these steps involved in the process of data analysis require extremely skilled professionals because each of these steps involves complex mathematical calculations as well as computerized models and only a highly qualified data analyst will be able to comprehend the algorithms as well as statistics that are used for predicting the actual meaning of the data.

Today, a lot of data analysts are getting lucrative job offers in several insurance companies. The main duty of a data analyst in an insurance company is to make an assessment of the actuarial tables in order to find out how the liability coverage should match with the current trends in the population. Moreover, risk assessment is one of the most important duties of data analysts working in insurance companies.

As far as eligibility is concerned, those who have an advanced degree in computer science, mathematics, statistics, economics or any other similar subjects can apply for the post of data analyst. In addition, the candidates should have good command over language as well as excellent communication skill since it is their duty to put the results of their statistical findings in simple words for their clients to understand.

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Why IT Business Analysts Are Critical to Organizational Success During a Recession

The role of a business analyst is broad – their primary function is to identify business needs and develop solutions to those needs. And, the need for these talented professionals couldn’t be more great than during a recession, when organizational turbulence is likely to be at its highest.

Following is why IT business analysts are critical to a firm’s success during tough economic times.

IT Business Analysts are Coaches: To use a sports analogy, the role of a coach is to lead a team to victory. They do that by ensuring that all the behind-the-scenes work is done to ensure a win.

For the business analysts, this means gathering information (requirements analysis); keeping everybody on the same page with clear communication (using UML); and defining what needs to be done to achieve success (writing use cases).

In a recession, a company is likely to be trying to do more with fewer resources (ie, employees). A business analyst can ensure that even though there are fewer resources available, no corners are cut to achieving organizational goals.

Keep Projects on Track: Industry experts estimate that 75-80% of IT projects run behind schedule and over budget. This is a loss of time and money, both of which are in even shorter supply during a recession.

A skilled business analyst can mitigate these losses by effectively using industry tools like UML, uses cases and requirements analysis. These tools lay the foundation for the successful implementation, testing and completion of a project.

A business analyst is a solutions-oriented professional – one driven by the core needs of the organization. And, there is never a time to pay more attention to this than during a recession.

Kingsley Tagbo recommends the Business Analyst Boot Camp Training Program. The Business Analyst Boot Camp is an affordable, convenient and effective training program for business analysts who want to take their career to the next level.

The Business Analyst Boot Camp provides Live, Online, Video Based, Web Based, Instructor Led, Hands-On Beginner to Advanced Professional Training on Business Analysis Tools, Skills and Techniques including UML Training, Agile Training, SDLC Training, Requirements Engineering Training, Elicitation Techniques Training, Use Case Training, Business Modeling Training and More!

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Business Analysts – Why a Bad Economy Can Be Great For Your Career

Everyone cringes at the word recession and all that goes along with it – lost jobs, depressed wages and fewer employee benefits. For savvy business analysts though, it can be a time to excel. Following are two reasons a bad economy can be good for your career if you’re a business analyst with top-notch skills.

Two Skills Top-Notch Business Analysts Have An Intimate Knowledge of UML: Many business analysts know what UML is, but have no idea how to effectively use it to bring about results that get noticed. And, this is what separates an average business analyst from an outstanding one. UML allows business analysts to more effectively manage software projects. This is particularly important when you consider that industry expert estimate that more than three-quarters of software projects routinely go over budget and miss rollout deadlines.

Software development projects are complex entities involving many different specialists. UML is the foundational language that gives all pertinent parties universal understanding of the overall project goal. This saves time and money.

The Ability to Write Use Cases: Because a major part of an IT business analyst’s role is to define requirements for developing and testing software, it naturally follows that they would be the one to write use cases.

In some organizations, however, use cases are written by a programmer, tester or project manager, for example. And, this is where any number of problems can ensue, eg, the use case is written too late in the process to be effective, or there may be problems with accuracy, or there may be too little information provided, etc.

For these reasons and quite a few more, a business analyst who knows how to write use cases is invaluable to their organization.

Remember this: it’s the business analysts who can provide bottom-line value in belt-tightening times who will constantly be in demand. And, this means having top-notch skills.

Kingsley Tagbo recommends the Business Analyst Boot Camp Training Program. The Business Analyst Boot Camp is an affordable, convenient and effective training program for business analysts who want to take their career to the next level.

The Business Analyst Boot Camp provides Live, Online, Video Based, Web Based, Instructor Led, Hands-On Beginner to Advanced Professional Training on Business Analysis Tools, Skills and Techniques including UML Training, Agile Training, SDLC Training, Requirements Engineering Training, Elicitation Techniques Training, Use Case Training, Business Modeling Training and More!

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Business Analysts – How to Define Your Role to Keep Your Job in a Recession

While industry experts agree that business analysts are essential to IT organizations, few know specifically what they do. Underscoring this, a recent survey by the noted research firm Forrester entitled, The New Business Analyst, said:

Everyone agrees on the importance of the business analyst role, but few know exactly what it is that business analysts do … a new breed of business technology analyst will emerge to play a new role implementing changes to business policies directly within supporting software.

What does this means for today’s business analysts, particularly in this economy? In short, they must proactively define their roles to keep their jobs.

How to Decide What Type of Business Analyst You Are

The survey mentioned above said that there are basically two types of business analysts: those focused on business, and those focused on IT. But, it went on to say that the lines between the two were becoming ever more fuzzy. This presents two options to business analysts – they can broaden their job responsibilities and straddle the fence between two disciplines. Or, they can narrow it, focusing on a specific niche.

Which one should you choose – IT or business? That depends on the organization you work for and/or your long-term career objectives.

Food for Thought: In a depressed economy, one would think that broadening your skill set is the way to go; ie, become a jack-of-all-trades. However, this is not necessarily true. Becoming the go-to professional in a specific niche can be just as valuable in keeping your job and/or landing lucrative consulting assignments.

Clearly defining your short- and long-term career objectives will help you decide.

Kingsley Tagbo recommends the Business Analyst Boot Camp Training Program. The Business Analyst Boot Camp is an affordable, convenient and effective training program for business analysts who want to take their career to the next level.

The Business Analyst Boot Camp provides Live, Online, Video Based, Web Based, Instructor Led, Hands-On Beginner to Advanced Professional Training on Business Analysis Tools, Skills and Techniques including UML Training, Agile Training, SDLC Training, Requirements Engineering Training, Elicitation Techniques Training, Use Case Training, Business Modeling Training and More!

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Why the Issue of Business Analyst Job Description Is More Complex Than It Seems

The issue of business analyst job descriptions is one that a lot of people find to be a grey area. For other kinds of professions, the job description is usually clear-cut, and can be figured out from simply analyzing the position title. When it comes to business analysis, such clear delineation rarely exists. In fact, one of the most common problems that most of the business analysts out there complain about is the fact that their job descriptions are vague. This is therefore one issue that you always have to keep in mind especially when you are moving from one company to another as an analyst of this kind.

In a nutshell, business analysis simply refers to a job where you are required to analyze the operations of a business and then suggest ways to optimize it. In other cases, you may also be needed to be in charge of designing business plans. Though these two issues may sound straightforward, in many cases they overlap with other job descriptions in one way or another. For instance, as part of business analysis, you may be needed to come up with market strategies. However, if the company has a marketing manager or any marketing executive, you may find that doing this is considered overstepping your boundaries, since there is someone who is employed specifically to do that. Other issues that may be considered the analyst’s turf but which may cause conflict with other departments in the organization include setting up of fraud control mechanisms and also software implementation.

As one would imagine, being such an analyst in an organization with many departments can cause unnecessary conflicts between you and your fellow employees. For this reason, it is always a good idea to simply find out your job description in any company before you can start working with them. One mistake that most analysts make is to assume that their roles in the companies that they are going to will be the same as their roles in their previous companies. However, this is not always the case. Most organizations have wildly varying job descriptions for such analysts. This means that every time you switch jobs, you would need to find out exactly what you would be expected to do. In some cases, the same applies when you move from your current position in the same organization, as is the case with promotions or transfers to different departments or locations.

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