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What Is the Main Benefits of a Business Analyst?

A business analyst is an individual who studies an industry or sector and documents its economic attributes, systems, or processes, examining the business framework or its relationship with technology. Generally, business analyst helps companies in identifying new trends, in analyzing the current operations, in developing improved methods, in introducing new products or services, or in improvising systems. In addition, a professional business analyst helps companies in changing business practices to become more efficient, economical, and productive. There are various types of business analysis; for instance, business analysis can be organizational, business process, competitive, operational, supply chain, marketing, and service analysis.

A business analyst can be specialized in analyzing a specific set of activities, like marketing, supply chains, information systems, manufacturing, distribution, or human resources. In order to perform this analysis, a business analyst should have information about the different business processes that are part of that particular industry or sector. As a matter of fact, information plays a very important role in conducting a thorough business analysis because the business analyst has to analyze not only the process but also the users who use those processes. Business analysts can access any type of information: it can be documents, reports, files, database, and so on. For instance, a company’s annual financial information, product lifecycle, customer data, supplier data, manufacturing details, technology information, competitive analysis, etc. are some of the commonly available information.

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The business analysts use their findings to improve their processes or systems; they may suggest changes in procedures or the design of the processes. They can recommend ways to improve the product quality and the service provided by the company. They can conduct training sessions for the staff of the company. Business analysts use analysis and research to gather information from the users of a certain process or system and to find out the cause of a problem. As a result, the business analyst will have useful information to help him develop and maintain quality systems and to provide better services to his clients.