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What is the Future Career Path and Scope of Business Analyst in 2020?

1. Introduction

Business analysis has gone vital for the growth and quick development of the industries. Organizations make heavy investments in big data analytics to accelerate the decision-making process from data collected in the past.

For this purpose, big data professionals collect data from multiple sources and divide the data into small chunks for accurate processing. Multiple data sources may be connected or completely different. This is the job of data analysis experts to choose the best sources to give a precise output at the end.

2. The 21st-century business analyst

A business analyst in today’s world performs multitasking. He may be a mediator, connector, or project communicator depending on the project requirements. He is the person who brings different needs of the business together.

A successful business analyst always has the right education and the right communication skills as needed by the organization. This is true that the role of the business analyst is fuzzy at most organizations. This is the reason why there is a need to understand the role and job responsibilities of a business analyst deeply.

3. Need of right business analysis today

In the 21st century, when the economy is changing so rapidly, business landscapes are also reformed quickly. This has become critical for businesses today to work with business challenges smartly. First of all, you should know the reason for the occurrence of challenges.

Read: Top 26 Business Analyst Skills Needed to Excel in 2024

In this competitive world, it is tough to impress customers with traditional business solutions. You need to learn new techniques and technology faster as soon as they are introduced in the market. Business analysis is one of the most effective techniques that helps to work with business challenges smartly.

Right business analysis helps you to convert statistics and feedback into valuable customer insights. In other words, business analysis is one of the most effective business intelligence techniques that help your business run better.

There are different business analytics tools available in the technical market to automate the data collection and data transformation process. With business analytics tools, you cannot only accelerate data processing, but you can also provide a competitive edge to the Companies.

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Read: Top 100 Business Analyst Interview Questions And Answers

According to experts, India is the leader in the big data analytics market. The last two year’s stats clearly prove the success of the country in data analytics and how it left behind the two most powerful countries in the world – China and Europe. There are just endless options in India you can choose to work with and get success as a business analyst professional overtime.

Read More: Business Analyst Interview Questions and Answers

4. Scope for business analytics across India and global marketplace

The scope for the business analyst profile is ever-expanding in India and worldwide. Today, it has become vital for most of the organizations hiring big data expert for valuable data insights. Exploring business analytics involves several things like –Right business objectives, Right technologies, Right resources, Right business culture, and Right top management commitment.

cope for business analytics

Top companies like Infosys, IBM, and many others use business analytics tools to compile intelligent business solutions that are quite profitable at the end. To become a successful business analyst, you should be sure about job responsibilities and areas of improvement first. If you want accelerated growth in your career then you should learn about big analytics tools and techniques that are used by top Companies across the world.

Read: Top 26 Key Business Analyst Skills You Should Acquire

The person who understands its role well, is able to deal with complex business issues smartly. There are various private colleges or universities that offer business analysis courses for the students. If you want to prefer a job-oriented program then JanBask training can help you with the big analysis certification program that prepares you for the organizations and teaches you about the latest the business analytics tactics only. Advance training institutes will give you information on latest business analytics tools and software currently available in the market. Right business analysis affects the success of the business directly and suggests the best solutions that are only effective in the long-run. 

5. Business Analyst Career Path Infographic

Business Analyst Career Path Infographic

6. Future career path for business analytics across India and global marketplace

  • Data analytics will play a vital role in security systems and avoid dangerous malware programs too.
  • IoT (Internet of things) is the future of the IT industry that will grow exponentially by the year 2020. The big data analytics process has the capability to work with the voluminous amount of data either structured or unstructured collected through IoT continue to gain higher importance in future.
  • Companies would be able to monitor their own data wisely for financial gains and monetary benefits.
  • Interestingly, business analytics would also be able to work with tax systems to avoid unwanted crisis in the future.
  • Soon, data scientists’ role would come in trend for qualitative analysis not for quantitative analysis. Data scientists are responsible to boost qualitative data analysis in visual ways.
  • The accuracy of data will be the primary requirement for all organizations irrespective of its size. Big data analytics play a vital role here in maintaining data accuracy, and transforming valuable data insights.

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Based on the notes and research work, it is clear that demand for business analysts will grow by leaps and bounds in the near future. The big data analytics market is showing impressive advancements in the upcoming years, so your decision to become a successful business analyst is 100 percent right choice for your career. But you have to make sure that you have the right communication skills, the right education, and hands-on experience in business analytics tools to lead the market.

Read: Top 11 Business Analyst Skills Every BA Should Know About!

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