Speak to a Learning Advisor to learn more about how our bootcamps and courses can help you become a Business Analyst.
Predicting the future is quite precarious. However, based on long-term trends, we can foretell to an extent what to expect in the immediate future.
Let's test validity of our top 5 predictions for Business Analysts for the year 2020.
1. A significant shift from building a software to renting the software.
This trend continues to be stronger every passing year. Even very large software such as ERPs are now available on cloud.
2. Near 100% percent dominance of agile methodologies – Get comfortable with Agile and DevOps
The recent IIBA salary survey of 2020 proves this. 80+% respondents said they practice Agile at work place.
3. The Rise of the Digital Era
Digital continues to make significant inroads into the corporate world, especially analytics.
The recent IIBA salary survey of 2020 proves this. 80+ % the respondents said they practice Agile at the work place.
4. Changing skills expectations
IIBA introduced the certification on Data analytics and plan to provide certification on information security. Knowledge of traditional software development approaches is no longer sufficient for business analysts.
5. Working from a remote location/ Work from Home
The COVID-19 pandemic forced everyone to stay indoors as the world went under a lockdown. This made work from home a new way of work-life. Companies are working out options to support their employees enabling virtual work place accessibility and faster internet facilities as they are looking at a scenario where approximately half of their workforce will be working from home in the foreseeable future.
1. Enterprises are adopting digital transformation in a much more vigorous manner
Organizations will leverage their enterprise data to improve customer experience and performance. AI will help organizations automate low complexity processes and allow organizations to focus on high value and complex processes.
This will require organizations to invest in human and digital technology interactions. Business analysts will play a significant role in digital transformations.
2. Analytics skills will become as important as analysis skills
Enterprises are realizing the value of data they hold in improving process performance, develop newer products, identify possible frauds, etc.
Analytics requires Business Analysts to be far more comfortable with data and analysis of data. Better comfort with data analysis tools will be valuable for all of us.
3. Technology skills are becoming increasingly important
Technology skills are increasingly expected from Business Analysts, especially SQL as that helps in data analysis. Also, many business analysts are studying R and Python.
4. Finance skills are becoming increasingly important skills
As Business analysts become senior professionals, they are expected to provide financial justifications for any proposed change initiatives. Finance and accounting are the languages of business and it makes immense sense for BAs to learn financial analysis techniques.
5. Transformation skills will become as important as analysis skills
Business analysts have been considered to be the Change Enablers for a long time. It's time business analysts become drivers of change than being mere enablers. Given the context and content of business analysis, business analysts are possibly in the best position to help their organizations leap forward into the future.
We would love to hear from my fellow BAs about what are their predictions for 2021.