What does a business system analyst do?

Small businesses have grown a lot ever since Covid has struck the world. According to the Atlanta Fed Survey, the pandemic has accelerated digital payment, with consumers’ cash withdrawals declining from 82.4% to 74.7%. As per Forbes, 2021 has been the year with maximum digital transactions.  

Since businesses have grown, the need for business system analysts has grown as well. Businesses need to align with their environment and strategic priorities in today’s world. Without a Business Systems Analyst role, your enterprise might face downfall due to continuous project failures. Therefore, business system analysts are a must-have for companies as they eliminate project errors.

In this blog, you will know what business system analysts do. But before that, let’s learn more about a business system analyst role.

Who is a business system analyst?

Business Systems Analysts, also known as Business Technology Analysts, specialize in analyzing, designing, and implementing information systems. 

They learn about the organization’s business and information needs. Later, they use this information to develop processes that help you reach your strategic goals. Also, they provide projects and initiatives to the business processes, business changes, and technology solutions.

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What do business system analysts do?

Business system analysts evaluate a company’s growth plans and find ways to enhance and expand them while focusing on improving the efficiency of each department. They are also responsible for increasing their efficiency by finding ways to improve income and reduce costs. 

Business Systems Analysts are responsible for analyzing current data to create new proposals and budgets. The responsibilities of business data analysts include:

Communicating with all departments: Business system analysts(BSA) may have to talk to each department manager about issues that may affect the goals and deadlines of your team meeting. Also, they schedule regular meetings with all managers. 

Business Process Survey: In the survey, BSA analyzes current business processes and practices to determine how well the business is working. And they find new ways to keep business growing. 

Detailed Report Generation: Business system analysts generate detailed reports based on research and findings to present them to managers. They collect large amounts of data and place it in charts or other formats so employees and customers can easily understand. 

Budgeting: As a business system analyst, they analyze the company’s finances and identify areas where you can save money. Moreover, they set a budget for each department that needs to be tracked and ensure the department is within budget. 

Making recommendations: Business system analysts are responsible for making recommendations for new changes in the system. Also, they answer and solve customer queries regarding these proposed changes. 

Increasing efficiency: They review the company’s computer programs to suggest more efficient ways to get the job done. Business system analysts may propose new programs to replace the current ones.

Average Salary of a Business System Analyst

The average salary of a business system analyst in the United States is $85,875, according to Glassdoor. The salary estimate has been drawn out from 19,435 salaries submitted anonymously to Glassdoor by Business Systems Analyst employees.

Take Away

In today’s business market, the need for a business system analyst is increasing day by day. According to BLS, the business analytics area is expected to grow by 9% between 2018 and 2028, which is above the average for all professions. One of the reasons for the high demand for business system analysts is that many companies are using cloud computing instead of local hardware and software. To unlock the full potential of cloud-based solutions, enterprises need to attract technology-savvy employees with experience in IT implementation and management. Employment growth is expected in the healthcare sector, where technology-oriented business people are needed with the use of electronic medical records, prescriptions, and online patient portals.

Therefore, you can easily get a job as a business system analyst. The role and responsibilities are not that difficult, and you can easily sail your way up to higher positions. It is a highly-paid job, and you can afford a good lifestyle.