Wondering what a BA would do in an e-learning company? Truth be told, the role of a Business Analyst is to do the business analytics-BA for the e-learning company and understand the business intelligence-BI behind the brand, the firm’s strategies, and how analytics can help improve efficiency and productivity of the company.
Gaining knowledge of BA is best done through a full-time Business analyst course so you not only learn the theory but hands-on practice implanting analytics, using the various tools, catching trends, predicting insights and more. Just remember that it is the domain that changes and not the skills in business analytics. Besides the e-commerce process is just a product of the organization involved. Hence we need to understand the role of the analyst. Let us delve into that right away.
One can expect the role of the analyst in an e-learning company to include Estimation, creation of SOW, Requirement documentation, Planning, WBS, Design Review, UAT support, Test Case review, maintaining and preparing Product Backlogs, besides monitoring of the SRS, User Stories, RTM, UML, BPM and such.
Why Training is Important to the Business Analyst
BA enables the business to stay ahead of the competition curve by playing the intermediary between areas of the business and the IT requirements by taking stock of the business needs and requirements in terms of its IT infrastructure and business goals improvement and solutions for improved continuous solutions and enable the business to deliver marketable products and stakeholder value. It is not just one skill but a variety of skills needed across dealing with volatile market conditions, ever-changing technologies and human beings in between who need a dedicated person to suggest solutions that match and are progressive at both ends of the spectrum. The analyst brings efficient and cost-effective solutions to the table that lead to more productivity and thus profits. And how he does this is exactly what is taught in the Business analyst course. The course also helps them get certified and thereby present a measure of their skills to validate their learning.
What else will the Analyst need?
Firstly let’s look at the skills required. Most analysts need a graduation degree and a variety of soft-skills like detail-oriented accurate and factual reporting, consultative, interpersonal, and facilitative oral and written communication skills to be client and stakeholder facing. Innovative problem solving can help them hit the ground running in recognizing and resolving issues between the business and IT processes including the underpinned technology, databases, networks, engineering requirements, process modeling, business structure, analysis of stakeholders and much more.
Besides this, the list of technical skills required will be job dependant and the tools include MS Excel, Access, PowerPoint, SQL, Google’s Analytics and Tableau, data analysis, and visualization techniques and tools. Tables, drawing tools, graphs, etc. can make your presentations more attractive. Continuous learning and certifications like the PMI, IQBBA, IIBA, IREB and Scrum are highly desirable and help one work better. So, why would one want to do so much? Just look at the lucrative offers and demand forecasts and decide if you want to throw your hat into the ring.
Demand, Scope and Salaries:
As per Indeed, companies like Fidelity investments, Merck, Flipkart and such across domains have and continue to recruit analysts. The role of a Business Analyst is lucrative and one can earn an average salary range starting from 17,779 Rs /month up to the average annual salary of 5,55,792 Rs for a Sr Analyst with a few years of experience. The Labour department in the US’s BLS report predicts a 14 percent growth in these jobs by 2024. No wonder these roles are so sought after.
To be the efficient buffer between cross-functional teams doing a Business analyst course is vital and will involve learning Agile and Scrum principles and practices. Besides enhancing your CV and resume they impart invaluable skills and actual practice under the tutelage of certified trainers to help one hone skills and practice real-life applications to industry situations.
We have seen above how the role of the analyst can precipitate effective foresight, insights and predictions that can help with reporting, cost reduction, monitoring, creating new strategic business models, planning and regulatory requirements, variance analysis, importing data, business decision support measures, understanding KPIs, forecasting, budgeting and financial analysis. The analyst brings his BA domain knowledge to effectively help ease conflicts and hindrances between the IT and other core areas of business in e-learning companies. Companies like Flipkart, Amazon, Alibaba and more use the e-commerce platform as their USP. The skills of the analyst are important and the various domains they work in is proof that it is only the area of operations that change.