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[2023] Roadmap for Business Analyst: Building Your Future

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Table of contents 7 min

  • Step 1: Find out What a Business Analyst Does
  • Step 2: Figure out What Skills You Need to Become a Business Analyst
  • Step 3: Start to Learn the Skills You Don’t Have
  • Step 4: Make a Portfolio to Show Companies What You can Do
  • Step 5: Get Certified, Make a Resume, and Start Applying for Work

Embarking on a career as a business analyst is an exciting and rewarding journey. However, like any career path, it requires careful planning and a clear roadmap to success. This article will explore the roadmap for business analyst, guiding you through the essential steps, skills, and qualifications needed to excel in this dynamic and in-demand profession. Whether you’re a recent graduate, a career changer, or someone looking to upskill, understanding this roadmap is your first step toward a successful career in business analysis.

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The first step on your roadmap for business analyst should be to learn more about what it means to be a business analyst. It’s true that it pays well and is easy to get into, but is it something you’ll love doing?

What is a Business Analyst?

BAs collaborate with users and company leaders to determine how data-driven modifications to products, services, hardware, software, and processes might improve their efficiency and yield additional benefits. They need to discuss these concepts and compare them to the limits of science, economics, and practicality. You may use data sets to enhance products, hardware, equipment, software, services, or procedures, depending on your line of work.

According to the non-profit professional association International Institute of Business Analysis (IIBA), a business analyst is “an agent of change” and is “a disciplined approach to introducing and managing change in organisations.

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Job Description for a Business AnalystRobert Half Says that a Normal Job Description for a Business Analyst Includes:

Putting together a thorough business analysis that lists a business’s problems, opportunities, and possible solutions.

Budgeting and making plans

Planning and keeping track

Variance analysis

Reporting on prices

Figuring out what the business needs are and reporting back to relevant stakeholders Bob Gregory says that the business analyst’s most important job is to figure out what the technical and functional needs are and then put them in order of importance.

A business analyst’s work is always evolving, particularly as organisations rely more and more on data to manage their operations. Every company has different problems that a business analyst can help solve, such as outdated legacy systems, new technologies, broken processes, unhappy clients or customers, or big organizations that are split up into separate units.

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The second step in the roadmap for business analyst is to figure out what skills are needed for the job.

Keep in mind that you don’t have to know all of them before you can start using them. Some of them will be important, but you can learn others on the job.

Also, keep in mind that business analysis has a wide range of specializations and focus areas. For example, the requirements for an Information Security Analyst job will be different from those for a Marketing Analyst position or a generic Business Analyst position.

So, here is a short list of the most important skills in the roadmap for business analyst that most business experts use. 

Skills of a Business Analyst

Both hard and soft talents are necessary for the position of business analyst. Finding, examining, and documenting data trends is a skill that business analysts must possess. They must also be able to utilize this knowledge in the commercial world and to share it with others. IT experience is not necessary for business analysts if they have a general understanding of how products, services, and systems operate. However, some business analysts would prefer to switch into this hybrid role from IT because they have more experience in IT than in business.

The IIBA lists the following as some of the most crucial abilities and experiences of a business analyst:

The ability to communicate both in person and in writing

Ability to collaborate with others and provide guidance

Skills for facilitating

Think critically and solve problems

Being able to pay close attention to details and achieve a high level of accuracy

Skills in organizing

Understanding how a business works

Analysis of stakeholders

Coordinating to meet requirements

Examining costs and benefits

Modeling process

Knowing about networks, systems, and other tech

Salaries for a Business Analyst

According to PayScale, an IT business analyst typically makes $67,762 annually. The highest salary for BAs is found in San Francisco, where average income is 28% higher than the US average. With wages that are 18% more than the national average, New York comes in second. Third place goes to Boston, where incomes are 7% more than the national average.

Read more: SaaS Customer Journey Mapping - A How-To Guide

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Now that you know what you need to know in your roadmap for business analyst, you need to find the best way to learn it. Even though you can learn these skills independently, most people find it easier to join a curated learning program so they don’t have to put together their plan.

There are a lot of business analytics courses available online for you to choose from.

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If you want to get into the field but don’t have any experience, you’ll need a way to show potential employers that you can do the job. Certifications can help, but they won’t be enough on their own. Most companies will want to see examples of your real work.

If you want to work in a certain area, make projects that are connected to it. But if you aren’t sure which industry you want to work in, make projects that solve different business problems. This will show that you can change to different situations.

Your work should show that you know how to use technical tools like Excel, SQL, Microsoft Power BI, etc., that are used in your field. Don’t just work on the hard skills, though. Your portfolio should also show off your soft skills. Instead of saying on your resume that you’re great at communicating, show it in your portfolio with clear writing and data visualizations.

You can also use the portfolio to show other soft skills. For example, if you want to show that you can work well with others, you could create a project with friends. Try new things! (But be very clear about who did what, and remember that the main reason companies look at your portfolio is to see what skills you have).

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Once you have the skills you need in your roadmap for business analyst, you can make a new resume and start looking for jobs.

If there is an industry-recognized license for some of the tools you’ve learned, getting it may also be a good idea. Many certifications don’t mean much when looking for a job. Still, the PL-300 certification for Microsoft Power BI is accepted and can be used to show how good you are with the tool.

Once you’re certified, all you have to do is write a new resume that shows off your new and old skills in a business analyst setting and start applying for jobs!

Becoming a business analyst is a rewarding journey that requires dedication, skill development, and continuous learning. By following this roadmap for business analyst, you’ll be well-prepared to start successfully in business analysis. Remember that the path to becoming a business analyst may vary for individuals, but having a roadmap will help you stay focused and make informed decisions as you progress toward your career goals. Embrace each step of this journey. Let your passion for problem-solving and data-driven decision-making drive your success as a business analyst.

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How to Become Business Analyst: Complete RoadMap

Home Blog Business Management How to Become Business Analyst: Complete RoadMap

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Business analysis has turned into an invaluable asset for different companies. It involves several steps that help identify an organization's business needs and solutions. A person skilled in dealing with this process is referred to as a business analys t. This is a field of work that has immense potential for career growth. No wonder many people are now eager to know how to become a business analyst . You can treat this article as a stepping stone, that will help you understand this industry. The piece also aims to guide you in entering this world.

The position of a business analyst has been in existence since the 70s. However, the meaning and the working process involving this role have drastically changed. Gone are the days when business analysts were just responsible for the conversation of analog data into a digital format. Presently, they analyze and access any business using innovative tools. In the modern world, professionals are keen on generating meaningful insights that can help a business improve its functioning.

If you are seriously thinking about how to become a business intelligence analyst , it will prove to be a good career move. The role of a business analyst in a corporate structure is presently considered one of the most important. The professionals in this position often help shorten the gap between a corporation's business and its software teams.

How to Get into Analytics

The path that leads to the world of business analysis as a profession is not hard. You need to be aware of certain things to get a job in this field and become successful, even if you are thinking about how to become a business analyst with no experience.

Business Analyst Requirements

Let us start with the requirements before you start a career as a business analyst .

1. Business Acumen

One thing that will create the base for your career as a business analyst is understanding the fundamentals of the business. You cannot be in this profession if you are not aware of operations, finance, strategy, and human resources.

If you are not aware of these building blocks of a business, then you must start reading about them. When you have proper knowledge about the different aspects of a business, you can take your career in the right direction. You can also enrol for business management courses to help you prepare.

However, the knowledge should not all be generic, and you also have to understand the working of your own company. You can ask your senior or colleagues to know more. Alternatively, you can also read up on the public materials related to the company.

2. Data Analytics

Do you think your job as a business analyst sounds like a business administrator? Both professionals entail various kinds of work. As a business analyst, you should have the ability to process the data you have collected. It is also important to mention that you should be familiar with working with data. Also, you should know how it can contribute to the business's success.

The internet is also filled with various resources to help you get started with data analysis. Knowing more about this process can help you find a successful answer to how to get a business analyst job.

3. Methodologies of business analysis

Now that you know the business fundamentals and data analysis, it is time to take the next step. Wondering what that might be? First, it is to learn about the different frameworks and methodologies that you can employ to create better business solutions.

Correlation analysis, predictive analytics, and segmentation are some of the methodologies you should be aware of to ensure that you can use them to solve a problem. Also, you can pick real-life situations and try implementing these methodologies as a process that can help you hone your skills. Once you follow the correct paths systematically, the answer to how to start a career as a business analyst becomes easier.

4. Communication Skills along with the power of storytelling

Business analysts have to work as a liaison. It means they also need to possess soft skills to help them do their job in the best way possible. One of those ways is the power of compelling presentations. Backed by effective communication , a good storytelling capability can help you do your job smoothly.

Landing Your First Job

You are now aware of your qualifications to start in this field. Now, the question that you may ask is how you can land your first job. Here are some of the basic things that you should do.

1. Update your resume

A resume is the first point of contact to capture a potential employer's attention. So, it would help if you made sure that it is prepared in the best way possible. Here are some tips that can help you.

People who have an academic background in the business or software field are preferred over others, so highlight your education if it is in these fields.

  • List the courses and classes you have taken related to business analysis
  • Emphasize on the self-taught business analysis projects
  • Create a portfolio to give the employers an idea of your skillset

2. Networking matters

Professional social networking sites like LinkedIn have made networking in the business world easier. So, use that opportunity and reach out to hiring managers to connect with them virtually. In addition, many use online platforms to search for potential candidates. Staying in touch or connecting with the hiring managers can help you stay on their radar and increase your chances of getting a job.

3. Search for a related job

When wondering how to get into a business analyst job, it is important to remember that, at times, it may take time for you to land your dream job. In the meantime, you can start working on other roles related to this profession. In addition, since this is a field related to both business and software, you can search for jobs in those fields and wait for the right opportunity to knock on the doors.

How to Become a Business Analyst?

Now we will take a deep dive and look into the factors that can help you become a successful business analyst. Besides the primary qualifications and skills needed for business analyst , this section will also help you understand the career options this business domain offers.

Academic Qualification Requirement

To start a career in this field, you need to have a bachelor's degree. If you have the opportunity to start your studies again, it is better to choose some field more than that of the others, which can help you forward yourself in this domain. Taking a proper course in these fields may prove more useful than you can imagine. So, what are those fields?

  • Information Systems
  • Human Resources

If you already have a bachelor's degree other than in these fields, it will be beneficial to get a master's degree in business administration.

Acquire Business Analyst Skills

To do this, you need to make sure to enhance your skills. Read on to know how to do that.

  • Business Analytics: Hone your analytical skills of probability and statistics as they are essential in this profession
  • Problem Solving Skills: Complications are a part of the business. You should have those skills that can help businesses to overcome challenges.
  • Communication Skills: Effective communication skills can help you to negotiate with people
  • Stakeholder Analysis: This process helps identify and eliminate obstacles to understanding the development of a project in a better way.
  • Technical Skills: Database analysis, data visualization, frameworks, and systems, are some of the technical skills that you need to possess

Get Online Certification

Certifications can be beneficial for developing your core competencies and staying updated on the industry trends. They are also how you can stand out in your field of expertise. So, enroll in a course from a renowned institution and get a proper certificate to help you move forward in your life.

Gain Hands-on Experience

Though the certificate courses are important, it is also essential to get hands-on experience. Therefore, it is always advisable to begin your career as an intern or junior business analyst that can help you learn more about the resources and technologies available. Also, how you can use them. Also, when you are a junior business analyst, working under a senior business analyst can help you learn different things.

Apply for a Job

When you have proper skills and experience, the next logical step is to apply for a business analyst job. But first, update your resume and apply for a position you like. Remember to include your skills, courses, and experience while applying for the job. This helps you catch the interviewer's attention through your resume.

What Does a Business Analyst Do?

The primary job of a business analyst is to evaluate the company's data, both past and current. In addition, the professional does it to increase the quality of the decision-making processes within the company.

Business Analyst Job Roles

Here are the career opportunities that a business analyst can explore. If you are thinking about becoming an IT (Information Technology) business analyst or a position in another sector, explore this section.

  • IT Business Analyst: They focus on improving all IT operations within a company. From analyzing all the software and hardware to IT operations within the company, they are responsible for everything. On average, an IT business analyst earns about ₹611,846 in India.
  • Data Analysis Scientist: The job of a data analysis scientist is to gather required information through surveys on a specific topic, interpret them, and present a report based on them. The average salary in this role in India is ₹860,316.
  • Business Analyst Manager: With an average salary of ₹800,000 in India, the job in this role is to manage a team that can develop, implement, and gathers data.
  • Quantitative Analyst: They use mathematical models to support all the financial decisions on risk management . They also deal with the investments and pricing structures of the company. Their goal is to reduce business risk while also maximizing profits. The average salary in India for this role is ₹1,018,422.
  • Data Business Analyst: A Data Business Analyst, on average, earns ₹833,165 in India. This role requires a person to identify trends and create charts and visual representations using huge data sets. Their analysis helps with business decisions.
Unlock the power of data with captivating data visualisation courses . Dive into the world of data visualization and enhance your skills.

Companies in modern times have huge data, increasing the demand for business analyst. With proper academic background, training, and hands-on experience, one can not only thrive but do wonders in this ever-growing field of work. So, these are some aspects that hopefully can answer your question on how to get into business analytics. You can enroll yourself in business management online courses at KnowledgeHut to upskill yourself.

Frequently Asked Questions (FAQs)

When answering how to start a career as a business analyst, you can be sure that you can do so with any bachelor's degree. However, getting a master's in business administration can help. Also, it would help if you opted for the related certification courses.

Yes, a fresher can become a business analyst. However, you must start as an intern or a junior analyst.

This is a booming professional field that has a lot of opportunities. You need to develop your skills and stay updated to make a mark in this profession.

The  KnowledgeHut’s business management courses  are the best ones to take when becoming a business analyst.

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How to Become a Business Analyst: Roadmap and Resources

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People from different walks in life explore and switch careers to business analysis. They have marketing, finance, operations, customer service or software development backgrounds. Some started careers as financial analysts, developers, customer service agents or technicians. They may be graduates from computer science, communications, social sciences, or business administration programs.

While business analysis is taught as a discipline in some undergraduate programs, it is not a mainstream degree and usually requires additional courses and training.

Are you interested in business analysis and wondering what path to take? Here is a roadmap to help you, with suggested resources provided further in this article.

Roadmap to business analysis in specific steps

A. Assess whether business analysis is for you.

Do you know what you would be getting into? What skills do you need? What you will be doing all day? What are business analysis activities and deliverables? What traits will help you succeed? Article , video , webinar recording .

B. Build a career transition project.

How do you plan a career transition to be successful? What are the main gaps in your knowledge that you have to fill? How to gain skills, and experience?  Article , webinar recording .

Once you follow suggested steps and assess your skill and competency gaps, put together a professional development plan. Here is how you can structure it:

business analyst roadmap

C. Catch up on business analysis fundamentals.

You need to understand the discipline, its terminology, concepts and building blocks:

Business Analysis Body of Knowledge (BABOK®)

Understanding business analysis process – webinar

Business analysis outcomes & deliverables – webinar

Business analysis tools & techniques – webinar

Business Analysis for Professionals Changing Careers (self-paced course)

Business Analyst: a Profession and a Mindset

Business Analyst Mindset Digital Toolkit: Your daily reference guide to business analysis excellence (Kindle PDF)

Books on business analysis

D. Develop skills and competencies.

You can develop business analysis skills and competencies in your current job. Use resources available to you to upskill: video , article .

business analyst roadmap

E. Expand your knowledge.

Find the resources that you like and keep returning to them: read articles , blogs , watch videos , attend webinars . Subscribe to relevant newsletters such as Why Change newsletter and others . If you like a certain style of content, you are much more likely to stick with it and absorb the information.

Don’t forget to utilize a variety of learning strategies – try to explain to a friend what you have just learn about a business analysis concept.

business analyst roadmap

F. Focus on business modelling.

Surprisingly, very few new and aspiring business analysts are good at creating models and diagrams, at most being able to draw a simple process flow. Modelling is a valuable skill for a business analyst that can give you an edge as a job candidate.

Learn about 3C’s of modelling , practice and create your professional portfolio .  

How to create a conceptual data model

A context model in 5 minutes

BA Techniques: How to Create a Decision Tree

Expanding the Use of a Use Case Diagram

G. Get ready for a career change.

Assess your readiness. Professional knowledge is not enough; make sure you have a realistic financial plan and expectations, and get your emotional and mental strength to deal with potential disruptions and challenges. Discuss your plans with your support network – family or friends, so that you have someone to lean on in case of financial, emotional or logistical problems.

business analyst roadmap

Need help? Go back to Pivot Your Career to Business Analysis – Webinar for tips, discuss your situation with a recruiter or get help from a professional coach.

H. Hone your resume

Set aside a good amount of time to work on your resume.  It needs to be clear, factual, and specific .  Your resume needs to communicate whether you can be a good business analyst. Avoid common BA resume mistakes , and be beware of the biggest mistake – do not lie on your resume.  If you doubt yourself and worry about lack of experience, remember that you may have more experience than you think .

If you need help at this point, one-on-one career coaching may be a good investment. A coach can assess your career, suggest next steps, help you improve your resume and practice answering interview questions. With a career coach, you can also discover typical mistakes you make in interviews, learn how to present your skills and knowledge effectively, and feel more confident.

I. Interview practice

Practice, practice and practice for upcoming interviews. Practice with your friends or your partner, record yourself on video, write down the best stories from your career and work on telling them in a few brief sentences. Figure our what are your main strength and how you can sell them during the resume. Prepare for tricky questions.

This is another step where a career coach can help you improve. And use every interview as a learning opportunity – ask your interviewer for feedback at the end and assess what you did well and what went wrong, was embarrassing, awkward or unexpected. You will get better after every practice.

For a guided practice, enroll in my video course Job Interview Clinic (with BA Extras) .

If this feels like a long process, don’t be intimidated.

Any career change seems a big challenge at first, but the goal is also lofty. Like any project, it can (and should) be broken down into manageable tasks. Practice your business analysis and project management skills on the important task of preparing yourself for the next career move.

Business analysis profession is growing , and this career can be incredibly rewarding and open more career paths for you.

As you practice business analysis, you will also develop your BA mindset , which will help you succeed, regardless of where your professional path will take you.

Use videos, articles and courses mentioned in this article, and explore other resources. Find what works for you, and then take full advantage of it. Best of success!

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Great article, we’re thinking about setting up a course ourself. This is some great inspiration.

Regards, Carla

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Business Analyst Roadmap: Steps to become a successful Business Analyst

business analyst roadmap

  • June 23, 2023

Table of Contents

Business analysts are vital to the success of organizations as they bridge the gap between business needs and technical requirements. They play a crucial role in understanding business objectives and ensuring projects are completed efficiently and within budget.

A business analyst roadmap is a valuable guide that outlines the path to becoming a successful business analyst. It helps individuals identify the necessary skills, knowledge, and certifications to pursue, as well as the steps to take for career advancement. By following this roadmap, aspiring business analysts can navigate their way towards a rewarding and impactful career.

From 2020 to 2030, the BLS ( Bureau of Labor Statistics ) predicts an 11% increase in demand for business analysts. This is way faster than average! Analysts are needed in many fields, giving you a lot of possibilities.

Business analysts also earn good salaries. In 2021, the average annual salary for business analysts was $93,750. Top earners made over $129,540. This means that working as a business analyst can provide financial stability and room for growth.

You need the right schooling and skills to do well as a business analyst. This piece will show you the training, skills, and real steps you can take to become a great business analyst. Let’s dive into the Business Analyst roadmap!

What is an Analyst?

Analysts are professionals who examine data, information, or systems to get insights and make recommendations. They specialize in different areas like finance, market, business, systems or data analysis .

Analysts gather and analyze data, research trends, and create reports. They use tools and techniques to understand data and help with decision-making.

Being an analyst needs critical thinking, problem-solving, and knowledge. They give valuable insights to organizations, help solve complex problems, and make data-based decisions.

Business Analyst Definition

A business analyst helps connect business needs with IT solutions. They analyze processes and propose improvements to enhance efficiency. They work with stakeholders and use tools to gather requirements and communicate with technical teams. 

Bachelor’s degrees in business administration or computer science are typical qualifications in India. A master’s in business administration with a focus on business analysis is beneficial. Certifications and professional development programs can enhance skills. Practical experience and a strong skill set are important for success as a business analyst.

Why Business Analyst?

Business analysts bridge the gap between businesses and IT. They figure out how to fix & get things done. Different fields may make use of their abilities. Because of their efforts, companies thrive. They are always eager to learn more and are good team players. Various job paths are open to them. Business analysts thrive on challenges and contribute significantly to company development.

Business Analyst Description

A business analyst is a person who works to improve business processes, systems, and strategies by finding problems, analyzing needs, and suggesting good answers. They mediate between business stakeholders and IT teams to improve two-way communication and teamwork.

Roles and responsibilities of a business analyst 

Here is a table of roles and responsibilities of a business analyst.

Business Analyst Roadmap

Step 1: acquire relevant education or certification.

Get a degree in business, computer science, or a similar area. Consider pursuing professional certifications in business analysis to establish a strong foundation.

Step 2: Build Business Analysis Skills

Develop essential skills such as analytical thinking, communication, requirements analysis, process modeling, and data analysis. Seek practical experience through internships, projects, or volunteer work.

Step 3: Gain Practical Experience

Work on real-world business analysis projects through internships, part-time jobs, or collaborative projects. Practical experience deepens your understanding of business analysis processes and methodologies.

Step 4: Network and Seek Mentorship

Connect with professionals in the field by attending industry events and joining relevant professional associations or online communities. Seek mentorship to gain valuable guidance and access job opportunities.

Step 5: Tailor Your Resume and Cover Letter

Customize your resume and cover letter to highlight your relevant skills, education, certifications, and practical experience. Emphasize your achievements and the value you can bring as a business analyst.

Step 6: Prepare for Interviews

Familiarize yourself with common business analysis interview questions. Be ready to discuss your experience, problem solving abilities, and how you’ve contributed to successful projects.

Step 7: Apply to Job Openings

Search for business analyst job openings on job boards , company websites, and through professional networks. Tailor your application materials for each position, showcasing how your skills align with the job requirements .

Step 8: Prepare for Case Studies or Assessments

Some employers may require candidates to complete case studies or assessments to evaluate their business analysis skills. Familiarize yourself with common case study formats and practice solving business analysis problems.

Step 9: Continuously Learn and Improve

Stay updated with industry trends, emerging technologies, and best practices in business analysis . Seek opportunities for continuous learning and professional development to enhance your skills and stay competitive in the job market.

Business Analyst Scope in India

In 2023, business analysts in India have excellent job prospects. As companies adopt digital changes and rely more on data, there is a high demand for professionals who can analyze complex business needs and provide useful insights. 

This demand is further boosted by the rise of startups, the growth of the IT industry, and government initiatives like “ Digital India ” and “ Make in India .” With many opportunities across different sectors, business analysts can thrive by using their skills in data analysis, process improvement, and innovation.

Business Analyst Skills 

Let’s see some of the skills needed for a business analyst:

  • Communication and interpersonal skills
  • Analytical and critical thinking skills
  • Problem-solving skills
  • Decision-making skills
  • Technical skills
  • Business knowledge
  • Soft skills

Here are some additional skills that can be helpful for business analysts:

  • Negotiation skills
  • Documentation skills
  • Presentation skills
  • Leadership skills

Developing and honing these skills through education, practical experience, and continuous learning will significantly contribute to success as a business analyst.

Business Analyst Meaning in Hindi

The meaning of “business analyst” in Hindi is “व्यापार विश्लेषक” (Vyapar Vishleshak). This term refers to the role of a professional who analyzes business processes, gathers requirements, and proposes solutions to enhance business operations.

Business Analyst Department

Business analysts can work in different departments within organizations. They often work with the IT department to understand technical capabilities and gather system requirements. Some may be part of the Project Management Office (PMO) and help with project planning and execution. Others may work in business strategy or operations departments, analyzing trends and improving processes. Collaboration with stakeholders is crucial, regardless of the department.

In conclusion, creating a business analyst roadmap is crucial for achieving success in this field. By identifying skill gaps, pursuing relevant certifications, networking with peers, and tracking progress, you can ensure steady growth and stay on course towards your career goals. 

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Table of Contents

Who is a business analyst, what does a business analyst do , business analyst's educational qualifications , is business analyst a good career, 6 best business analyst career paths, a step by step guide on pursuing a business analyst career path, what pitfalls could you encounter on your business analyst career path, become a business analyst with simplilearn, 6 in-demand business analyst career paths and pitfalls to avoid.

6 In-Demand Business Analyst Career Paths and Pitfalls to Avoid

Every advantage counts, and a good business analyst could mean the difference between excellence and mediocrity. If you want to ride the wave of business analyst popularity by becoming one, read on! Let’s begin by exploring what a business analyst is, then working our way up to how to be one with our Business Analytics Program with IIT Roorkee !

Watch this video to understand and learn about a business analyst career path.

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Business analysts study a company’s processes, operating procedures, and large data sets to find ways to enhance an organization’s operational efficiency while achieving better performance. Although business analysts are also known as management analysts, please don’t confuse them with data analysts .

Business analysts work with management to reduce costs, eliminate, or reduce inefficiencies, and boost the company’s competitiveness in the modern business world. They use their analytical skills to understand and apply data-focused strategies best suited to increase a company’s bottom line.

The main responsibility of a business analyst is to find those areas for a business where it needs more efficiency as well as those that can be improved to bring better revenues. This job is an extensive research role where business analysts across the hierarchy work together to share their reports and find better avenues for a business to improve from. 

Here are some of the important responsibilities of a business analyst career path:

  • Researching, analyzing and assessing the functional and technical requirements in business
  • Finding better ways to improve efficiency and boost the personnel effectiveness
  • Analyze extensive data sets through Excel and SQL
  • Combining graphics and visuals like tables, etc. to visualize data
  • Furnishing and improving the operation efficiency to ensure smoother performance
  • Curating financial models that adapt to an organization’s revenues
  • Assessing business strategies as well as future plans
  • Framing the structure of an organization, internally and externally
  • Foreseeing, forecasting and predicting analysis for budgets

Here are the qualifications you need to follow a business analyst career path:

  • A graduate business degree is the starting point as it will cover some important subjects business administration, business acumen, operational management, human resources, logistics, finance, accounting and business management.
  • A master’s degree in Business such as MBA can also provide you with the knowledge you need to take up this role. 
  • Other than these, it is recommended to take up a certification course to apply for an entry level business analyst job. These certifications are: 
  • Certified Business Analyst Professional (CBAP)
  • Certified Management Consultant
  • Industry exposure is also required to apply for an entry level business analyst job. This can mean any internship or industrial training you can do while pursuing your bachelor’s or master’s.

To best answer that question, let’s look at what the position entails to ascertain the best business analyst career path. A business analyst:

  • Works with the company to identify improvement opportunities in business operations and processes
  • Helps with the design or modification of existing business systems and IT systems
  • Interacts with business stakeholders and subject matter experts (SMEs) to better understand their needs and problems
  • Gathers, documents, and analyzes the company’s needs and requirements
  • Resolves business problems and designs technical solutions
  • Documents the functional and technical designs of the company’ systems
  • Collaborates with system architects and developers to make sure that the system is properly implemented
  • Creates system testing and creating system documentation and user manuals

We live, work, and play in a society where data is everywhere. Large data sets contain information essential for making reliable, data-driven business decisions . Companies that want that extra competitive advantage need someone to collect, analyze, and apply data sets in constructive ways.

That is what the business analyst does. The business analyst functions as an in-house liaison that collects, manages and distributes relevant data between departments.

We find business analysts in all kinds of industries, including businesses of all types, government agencies, and nonprofits. While any industry can benefit from business analyst expertise, management consulting firms and IT-related firms make up the largest share. Companies that specialize in accounting, finance, investment banking, and market research also offer significant opportunities for business analysts.

Summing it up, data is the currency the commercial sector uses to buy success. Business analysts work with data and the in-house departments, making intelligent, informed, data-driven decisions that will boost profits and strengthen the company. Any business that wants to succeed today should either hire a third-party business analyst as a consultant or recruit one for an in-house position.

Before you get moving on your business analyst career path, you need to do the prep work. You need either a good business background or solid knowledge of information technology. Most entry-level business analyst positions require a minimum of a bachelor’s degree, usually in accounting, finance, management, or IT.

These are the 6 most in-demand business analyst career paths:

Business Analyst Manager

Data business analyst, data analysis scientist, information security analyst, it business analyst, quantitative analyst.

These managers recruit and hire business analyst team members, oversee new hire training, define best practices, and execute organizational goals.

These analysts work with large data sets to identify trends, develop charts, and create visual presentations to aid in business-making decisions.

This career path is extremely challenging since data analyst scientists must extract meaning from collected data, interpret it, and use it to create actionable insights. You need to be familiar with machine learning and statistics to be effective in this position.

Cybercrime is a hot topic, and cyber security professionals are in huge demand. Information security analysts protect organizations from cybercriminals by interpreting security data and monitoring IT networks and systems. If you’re interested in ethical hacking, you’ll like this position, as it usually entails finding weaknesses in systems and eliminating them.

This role requires working on multiple projects and operating systems while simultaneously developing more substantial business process roles. This career is a good fit for people who love crunching numbers.

This specialist creates, implements, and presents mathematical models supporting financial decisions that affect risk management, investments, and pricing structures.

The journey on your preferred business analyst career path will be smoother if you have the following qualities and skills:

  • Being a good listener and communicator
  • Willing to consider change
  • Being able to multitask effectively
  • Knowing how to prioritize, based on multiple stakeholders’ needs
  • Being a good negotiator who can get timely buy-ins on crucial decisions from stakeholders
  • Identifying opportunities to improves processes which could lead to efficiency and output improvements
  • Working as part of a team, including collaborating with individuals and groups outside of the team

Let’s break down the steps with bullet points.

  • Earn your degree (accounting, finance, IT, etc.)
  • Gain an entry-level job as a developer, industry expert, or quality assurance engineer. Any of these would be considered a junior business analyst position. Securing this job will most likely involve interviewing for a business analyst position, so you may want to brush up on interview questions
  • Become a subject matter expert (SME) within a few years of employment
  • Accumulate several years of hands-on work experience in the previously mentioned positions
  • Improve your skillset by pursuing certifications in business analyst-related courses
  • Move up into a more senior position, such as IT Business Analyst, Senior/Lead Business Analyst, or Product Manager. Note that most organizations looking for senior-level candidates want to see an MBA or other relevant business degrees

After ten years or so, aim for Chief Technology Officer (CTO), or an independent consultant!

Unfortunately, the road to being the best business analyst is littered with obstacles, and some of them can trip you up and hinder your career advancement. The three most common pitfalls are:

Focusing Only on Developing Technical Skills

While technical skills are imperative for a good business analyst, they are just one component in the complete professional. You need to expand your skillset and become proficient in communication, business knowledge needs analysis and problem identification.

Not Acquiring Expertise in a Specific Business Analyst Role

Generic business analysts aren’t equipped to handle the diverse challenges of specialized projects. The best business analysts don’t settle for knowing only broad, generalist skills.

Not Paying Enough Attention to Collaboration

Business analysis is a team effort, and the team functions best when people can train with each other or share best practices. Therefore, communication skills are mandatory. Good business analysts make it a point to set aside time and create opportunities for everyone to get together, compare notes, and learn from each other.

Knowing When to Involve Senior Management

Sometimes, the smart strategy seems to involve taking the path of least resistance. However, much like the previous pitfall point, communication is essential. If senior management isn’t brought into the analysis process, you will have less support. If you’re trying to take on more significant projects (and improve your skills in the process), you will need to convince senior management that it’s a good idea. Only then will you get the backing you need. Keep communication channels open, either directly or via mid-level management, with what’s going on.

1. Is business analyst a good career? 

Business analyst is a career that’s full of exciting opportunities to use your acumen and business intelligence. It pays a higher salary than other business roles as well as perks and work-life balance. With more entrepreneurial ventures coming up these days, every business needs a business analyst who can streamline operational, internal and revenue processes.

2. Is being a business analyst a difficult job?

Business analyst isn’t a difficult job to pursue but can be slightly more difficult than usual business opportunities. This is because it needs extensive patience in terms of research and analysis. Business analyst work on operational efficiency for months to come up with reports that can optimise the overall performance as well as profitability.

3. Is business analyst a stressful job? 

Many job research studies including Forbes’ have said that business analyst is actually not a stressful job because finance jobs are comparatively more stressful. It would depend on your company ethics and its working hours to figure out if your job will be stressful or not.

4. What does a business analyst do?

A Business Analyst focuses on accentuating the overall efficiency and operational performance by researching how the organization can become more streamlined and smoother in its functions. Moreover, a business analyst also works on observing large data sets to find effective ways to improve the profitability of a venture too.

If all this talk about business analysis has you intrigued about pursuing it as a career, then there’s good news for you! Simplilearn can give you the training you need to get your start on your business analyst career path.

The Professional Certificate Program In Business Analysis is designed to sharpen your expertise in the latest business analytics tools and techniques, help you learn how to tackle complex business problems and so much more. To add to it, the program also offers Masterclasses from IBM, and Purdue University. Explore and enroll today!

Our Business And Leadership Courses Duration And Fees

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Recommended Reads

Business Intelligence Career Guide: Your Complete Guide to Becoming a Business Analyst

Business Analyst Job Description: Salaries and Skills for 2024

How to Become a Business Analyst

Data Analyst Resume Guide

Data Analyst vs. Business Analyst: A Comprehensive Exploration

Top Business Analyst Skills

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What does a business analyst do?

Woman gives a data presentation in a boardroom.

New innovations are being developed every day, and companies are placing big bets on whether their products will be the future. Apple’s Vision Pro or Elon Musk’s Neuralink are two examples of that today. 

But what’s in common behind virtually every major decision being made at businesses small and large—and across industries: the reliance on business analysts. 

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Business analytics involves the identification of data trends and their application to business decision-making. And with more companies relying on this data to power their biggest endeavors, business analysts are in high demand.

Based on Fortune analysis of online job board platforms LinkedIn and Indeed, there are thousands of business analyst jobs open at companies small and large and across all types of industry—from McDonald’s and Lego to Amtrak and Harvard University.

With the professional on average promising close to six-figure salaries, the field is an enticing one for individuals interested in the intersection of technical skills with business acumen. Plus, they’re increasingly quintessential to a successful enterprise.

“Every business needs business hours, I always think about business analysts as a Swiss army knife,” says Yao Morin, chief technology officer at JLL .  “And you have to be curious as to running all kinds of business problems across different industries, because you are needed everywhere.”

While a business analyst job can sound enticing, the field centers around one main idea: problem solving. 

On the daily, a business analyst may read dashboards, interpret data, and mold data into narratives that fit into a company’s objectives. Jan Ackerman, senior vice president of global recruiting at Oracle, adds that business analysts are effective communicators and data visualizers.

For example within the recruiting arm of an organization, like Ackerman oversees, business analysts may focus on how the company can make their recruiting services faster, smarter, and cheaper.

But it’s also important to keep in mind that in reality, a business analyst’s responsibilities may differ depending on the company and your seniority. 

A junior analyst, for example, may start out by focusing on simply identifying business needs that could be benefited from analytics, and over time, you may work more with the data itself.

“Believe it or not, the analysis is the shortest part of it. The biggest part is finding the business problem, finding the value that you can add, getting and sourcing the data and understanding if the data is correct and accurate for your need,” says Devanshu Mehrotra, curriculum developer and lead instructor at General Assembly, with a background in analytics.

Mehrotra adds that an individual’s interaction with data isn’t just “playing around with data until you find something cool,”—adding value to a company is of the utmost importance. 

Ackerman reiterates this by noting that above all, business analysts’ main objective is to solve business problems.

Where do business analysts work?

To keep it simple, business analysts work everywhere, especially at large companies. And even when there may not be a namesake business analyst, it is likely that someone is performing business analyst tasks anyway.

Even the International Institute of Business Analysis admits that the exact role of those in business analysis is difficult to pinpoint. Those conducting business analyst tasks could hold titles like business analyst, project manager, business systems analyst, product owner, or consultant. 

In its 2023 Global State of Business Analysis Report , over 1 in 4 business analysis professionals reported having a title that does not fit into one of those five buckets.

How much do business analysts make?

Business analysts earn an estimated $93,482 in total pay in 2024, according to Glassdoor . But again, salary may differ based on company, location, and experience level. 

Education experience may also play a factor, especially when it comes to raises and promotions. IIBA’s report notes that 39% of business analysis professionals hold a master’s degree. 

If obtaining an advanced degree in business analytics is something for you, Fortune has narrowed the choices for you in our ranking of the best online master’s in business analytics . If you are looking for something a little less intensive, checking out a business analytics course or certification program may be an easy way to learn the ropes or upskill with the most up-to-date skills.

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Harvard Business Analytics Program

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Business Analyst Roadmap

Aman Kharwal

  • May 16, 2023
  • Machine Learning

A Business Analyst is a  Data Science  professional who uses the data generated by the business to analyze and forecast the performance of a business, design and manage the creation of new data products, and bridge the gap between business stakeholders and technology teams. If you are aiming for the role of a business analyst and looking for a step-by-step roadmap, this article is for you. In this article, I will take you through a Business Analyst Roadmap with learning resources you can follow to become a Business Analyst.

Here’s a complete step-by-step roadmap you can follow to become a Business Analyst:

  • Step 1: Develop knowledge about the business environment and business models 
  • Step 2: Learn the Fundamentals of Business Analysis 
  • Step 3: Learn Data Analysis techniques for Business Analytics 
  • Step 4: Learn Business Intelligence & Forecasting Techniques 
  • Step 5: Learn Essential Business Analytics Tools 
  • Step 6: Work on Projects

Now let’s go through each step of this Business Analyst roadmap one by one.

Step 1: Develop Knowledge about Business Environment and Business Models

As a Business Analyst, it is essential to have a comprehensive understanding of the business environment and different business models. It involves studying the industry, market dynamics and emerging trends. Additionally, acquiring insights into different business models will help you understand how organizations create and deliver value to their customers while achieving sustainable growth.

Below are some of the best resources you can follow to develop knowledge about the business environment and business models as a Business Analyst:

  • Business Models for Dummies
  • International Business Environment by Coursera
  • Digital Business Models

Step 2: Learn the Fundamentals of Business Analysis

Mastering the fundamentals of business analysis is essential to succeed in this role. This step of the business analyst roadmap involves understanding the basic concepts, methodologies, and techniques used in business analysis.

Below are some of the best resources you can follow to learn the fundamentals of Business Analysis:

  • Business Analytics, 2nd Edition
  • Business Analytics Specialization by Coursera
  • Business Analytics Fundamentals by Udemy

Step 3: Learn Data Analysis techniques for Business Analytics

Data analysis is an essential skill for a business analyst. Understanding data analysis techniques and statistical methods enables you to gain insights and make recommendations based on data. You must learn how to explore and clean data, perform descriptive and inferential analysis, and present results effectively.

Below are some of the best resources you can follow to learn Data Analysis techniques for Business Analytics:

  • Data Analysis Projects by Aman Kharwal
  • Data Science for Business
  • Storytelling with Data

Step 4: Learn Business Intelligence & Forecasting Techniques

Business Intelligence (BI) and forecasting play a valuable role in business analysis. In this step of the Business Analyst roadmap, you need to delve into BI tools, data visualization, and predictive modelling. Learn how to transform raw data into actionable information and use forecasting techniques to anticipate future trends.

Below are some of the best resources you can follow to learn Business Intelligence and Forecasting techniques:

  • Forecasting: Principles and Practice
  • Google Business Intelligence Professional Certificate

Step 5: Learn Essential Business Analytics Tools

Mastery of business analysis tools is crucial for a business analyst. Below are some of the most valuable tools you should learn for the role of a Business Analyst:

  • Microsoft Excel
  • Project Management Tools (such as Asana, Trello, and Jira)
  • Visualization Tools (such as Tableau or PowerBI)
  • Requirements Management Tools (such as Rational RequisitePro and CaliberRM)
  • Data Analysis Tools (such as R or Python , and SQL)

The last step in your Business Analyst roadmap is to gain hands-on experience by working on real-world projects. Engaging in hands-on projects allows you to apply your knowledge, develop critical thinking skills, and showcase your abilities as a business analyst. Look for opportunities to work on group projects, solve business problems, and present your findings as presentations, project reports, or documentation.

Below are some project ideas you can work on as a Business Analyst:

  • Cost & Profitability Analysis
  • Subscriptions Forecasting
  • RFM Analysis
  • Cohort Analysis
  • Retail Price Optimization
  • Supply Chain Analysis
  • Store Profit & Sales Analysis
  • Customer Lifetime Value Analysis

So below is a complete step-by-step roadmap you can follow to become a Business Analyst:

  • Step 1: Develop Knowledge about the business environment and business models 

I hope you liked this article on the Business Analyst Roadmap with learning resources. Feel free to ask valuable questions in the comments section below.

Aman Kharwal

Aman Kharwal

I'm a writer and data scientist on a mission to educate others about the incredible power of data📈.

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This was really useful! Thank you Aman😇😇

Always welcome 😇

do we need to follow all three resources you mentioned for each step or one resource is more than enough?

yes, only one is enough!

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  • Product management
  • Types of roadmaps
  • Business roadmap

What is a business roadmap? Best practices to achieve your business plan

A business (or company) roadmap is a tool that outlines the direction you will take to achieve your business plan and meet your long-term strategic goals. Company and product leaders use business roadmaps to communicate an organization's vision and plans at every growth stage — from early-stage startup to established enterprise company.

Build your own roadmap in Aha! Roadmaps. Try it free.

Business goals and initiatives custom roadmap in Aha! Roadmaps

This is a custom roadmap created in Aha! Roadmaps — showing business goals and initiatives, success metrics, and progress towards completion.

Business roadmaps can help organizations of all sizes scale and innovate. Regardless of industry or market, these are essential tools that help everyone in the organization understand key objectives, communicate status, and take action. This guide offers definitions and best practices to help you learn about what goes into creating a business roadmap. The details of your own roadmap will differ based on the unique facets of your company, but there are universal elements that can be applied to any business.

Explore sections in this guide:

What is the purpose of a business roadmap?

Business plan vs. business roadmap: what is the difference, what to include on a business roadmap, how to build a business roadmap, who uses a business roadmap, types of business roadmaps, get started with a business roadmap template.

A business roadmap helps you visualize exactly what is needed to transform a company’s vision into reality and when. You can lay out what will happen in a given month, quarter, or year — or whatever timeline you prefer to visualize when you will achieve your goals. A business roadmap is flexible by nature. It can be as detailed or abstract as you need it to be, depending on the phase of business maturity and the size of your team.

  • Roadmapping: Your starter guide
  • How to build a brilliant roadmap

You may be wondering about the differences between business roadmaps and business plans. If you already have a defined business plan, why do you need another planning tool? To make things more confusing, some people even refer to your business plan as a type of roadmap.

While there are some areas of overlap between a business plan and a business roadmap, there are critical distinctions. Let's take a closer look at each tool and what makes them different.

A business plan is a foundational and detailed document that is generally created at the outset of any company. It is essential to running a business and is especially useful for new companies. More established businesses benefit from updating their business plan or creating a new one when expanding into new markets or developing offerings that fundamentally change how the business operates.

Now let's focus on a business roadmap. A business roadmap is a visualization of specific aspects of your business plan in a given time frame. It contains active and upcoming work at a high-level and is a helpful way to gauge how well the company is tracking towards achieving its business plan.

Broadly speaking, your business roadmap should include the most important strategic plans across the company. This includes goals, initiatives, and major themes of work from cross-functional teams. Since you will likely need to adjust your roadmap over time, be sure everything you add to it deserves to be there. The more you add to your roadmap, the more difficult it can be to change course when new opportunities arise.

You may find that you create a few roadmaps concurrently. For example, you might create a long-term roadmap that covers all aspects of business planning over the next three to five or even 10 years. This could include high-level forecasts for revenue, marketing and sales, staffing, and operations — as well as new products or services you plan to develop.

Then you could have a shorter-term business roadmap, either a year or six months at a time. This roadmap might include corporate-level goals and initiatives, as well as those of specific functions. You want to show how the entire company will work against overall business objectives.

To truly benefit from this adaptive style of planning, it is helpful to have all teams working within a shared strategic planning tool like Aha! Roadmaps . Since the planning data is updated in real time, every roadmap that the team sees will automatically show progress as it happens. This aligns the organization around what you will achieve and provides clarity into how you will work together to do it.

Creating a business roadmap should be part of your strategic planning process. Most successful companies follow a goal-first approach to roadmapping.

Set goals — Establish what you want to achieve, from revenue to hiring.

Gather information — Seek input from organizational leaders and research your market.

Organize into themes — Identify patterns in your inputs.

Prioritize initiatives — Use those themes to define initiatives, making sure each supports a specific goal.

Add time frames — Forecast resourcing and evaluate when each initiative would need to be completed.

Review and revise — Evaluate your progress against the roadmap often so you can spot challenges and adjust as needed.

Business roadmaps process flowchart — Aha!

These are the key steps for creating a compelling business roadmap.

Anyone with a vested interest in your company’s success will benefit from having access to some version of your business roadmap. Since a business roadmap visualizes the company’s goals and objectives, think of it as a blueprint that all stakeholders can rally around and follow. Here are some of the types of people and teams who can use a business roadmap:

Angel investors

Business owners

Consultants

Entrepreneurs

Marketing teams

Product managers

Sales teams

Startup founders

Venture capitalists

Each functional group should have their own roadmap — from product management to marketing and IT . There may be times when you need different types of business roadmaps or different views for different audiences. Unlike a startup roadmap, these are geared towards more established companies. Here are a couple examples:

Business development roadmap A business development roadmap outlines strategic expansion efforts. This would include things like new partnerships, sales channels, or market shifts.

Business intelligence roadmap A business intelligence roadmap focuses on tracking and planning all business operations . This would include strategic efforts to affect performance, such as change management, process improvement, or adopting new technologies.

  • What is the role of a product operations manager?

Objectives and key results (OKR) templates

Templates help you repeat success, standardize work, and save time. Define your strategic planning process and create a format for your business roadmap that works for your company. Then templatize it. Standardizing your business roadmap template will help reduce inefficiencies. When people do not have to guess at how to do their planning, they can spend more time on strategic thinking.

Related: Business model templates

Take a look at this roadmap template that comes in Aha! Notebooks — a digital notebook and whiteboard tool for product teams. You can easily customize this template for use as a business roadmap by adding the relevant goals, initiatives, milestones, and dependencies. This is a simple, lightweight way to get started with business roadmapping. For more robust functionality, Aha! Roadmaps can help you connect your visual plans to actual work.

Product roadmap	 large

Start using this template now

Set brilliant strategy, prioritize features, and share visual plans with Aha! Roadmaps — a purpose-built product development tool. Get started with a free 30-day trial.

Additional resources

Business roadmaps vs. product roadmaps

Vision vs. mission vs. strategy

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Deployed: Vendor Analysis — SOW solution overview, roadmap, competitors, user considerations, analyst summary

02/21/2024 By Lauren Ancahas

  • Vendor Management System (VMS)

business analyst roadmap

This Spend Matters Vendor Analysis provides an overview of Deployed and its solutions for Statement of Work (SOW).

SOW drafting traditionally starts once a supplier bid has been accepted and the business is ready to move forward with work. The business requestor and Sourcing or Procurement go back and forth (usually several times) to ensure the draft reflects the work being requested. Then, the SOW goes to several other stakeholders — legal, finance, risk, etc. — for more iterations of edits and reviews before finalization. All this back and forth can be time consuming and painful as requirements are written legal jargon — especially for the business requestors who may not spend a lot of time dealing with contract writing or legal jargon in their day-to-day work. Also, the scope and requirements can become muddied as the various groups make siloed edits to fit the SOW to each of their department’s unique needs and guidelines.

Deployed addresses the above pain points by taking a different approach to SOW authoring. Deployed’s partners realized that if the process began before sending the supplier bid request and a solution were to help users define the scope with autonomous language, the pain of writing an SOW would be almost entirely removed. Deployed focuses on starting the draft in the planning phase, which allows its software to piece together components of the SOW while the business requestor is forming their request. It also breaks down the traditional departmental silos that cause the back-and-forth changes by guiding the change request process and unifying language through an AI-driven Q&A process.

This Vendor Analysis explores Deployed’s platform and application and supporting systems. It also delivers a competitive market analysis and concludes with key analyst takeaways.

Here’s why Deployed Matters:

To the market — Deployed simplifies the SOW writing process for all stakeholders involved by beginning the draft during the planning of a request instead of waiting until after a bid has been accepted. It uses AI-enabled features to create the SOW from a conversational structure of questions and answers, allowing the scope and SOW features to be better defined.

To customers — Large enterprise companies in Pharmaceuticals, Finance and Professional Services with business operations in Europe and North America use Deployed to quicken SOW turnaround times, reduce manual back-and-forth editing, reduce errors and revisions in the SOW drafting process, improve definition of scope and publish the SOWs. They are also using its learning services to improve how SOWs are written.

To potential buyers — Deployed uses guided scoping to simplify the end-to-end SOW creation process. It does this with conversational chat prompts that collect SOW requirements from business requestors during project planning. Because Deployed captures the requirements at the beginning of the planning phase, the SOW’s drafting can use a unified language with less back and forth between various parties.

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