Becoming a business analyst is a dream come true for most working professionals who want to carve out a niche in this field. There are some tools that aspiring BAs should learn to succeed in their organization. Such professionals use different Business Analytics Tools for diverse areas such as use case analysis, prototype creation, collaboration, workflow management, and requirement elicitation. BA Training in Chicago provides you a platform to learn all these tools and several other things. Business analysts should upgrade their skills from time to time to stay ahead in this highly competitive world. Learning use of different tools can help you reach new heights in your career. Let’s start with what is a business analyst tool.

What is a Business Analyst Tool?

Being a business analyst is not easy. It is a demanding profession. BA tools are the best companion for every successful BA. Proper use of these tools can make a world of difference to their productivity and results in the work they do. It helps them to collect, sort and collaborate data. These tools are of great use for performing several actions such as use case analysis, prototype creation, document business requirements, and workflow management.

A business must keep track of its progress and growth and make strategies based on available data. There are several tools to perform business analysis to make the working of BAs easier and more efficient. Generally, BAs prefer using a combination of tools for better productivity instead of working with a single tool.

Reading further, you will learn about different types of business tools. Here we go.

Project Management

Business analysis is an endeavor that aims at achieving different goals within a timeframe – one that works on distinct projects, that is, compared to one that is in progress. Project Management is counted among one of the most crucial skills for such professionals. It is the skill of seeing a project through to timely and successful completion, within budget, given all kinds of constraints. Is not it easier said than done? Factors that have to be considered include everything from constraints mentioned above to the resources management needed to complete the work, legal requirements, and quality control of the deliverables. Thankfully, Project Management software ensures the smooth functioning of these parts.

Diagramming or Modelling

Business analysts count o the software apps for most work they do. Such professionals use software to convert raw data into easy-to-communicate and easy-to-interpret models. Here, models mean virtual or visual models with a concrete structure and abstract concepts – such as decisions. Decision models are a mental diagram for explaining the logic behind any business decision, accounting for all the important factors.

Requirements Management

This tool is central to all Business Analysis tasks. It helps define the clear terms – what is required from the stakeholders – including analyzing, communicating, documenting, and tracking those requirements. Is not that a lot to manage? The main purpose of Requirements Management software is to simply different aspects of this task, making sure nothing is ignored or overlooked and keeping everything organized.

Wireframing

Whenever a structure is involved – the delivery schedule for a project, the user experience of software, corporate process architecture, and the site map of a website – a wireframe software can help you clarify and define things. Wireframing is usually used for developing code architecture at the pre-production stage or creating software prototypes when it comes to business analysis.  

While these tools are of great helps to business analysts, there are several other additional tools to help business analysts with different tasks or requirements. Such tools are endless, however, mentioned below are a few you should know.

Inbound Marketing

In simple words, inbound refers to the kind of marketing done to attract the customer's attention. It is heavily based on search engine optimization, content marketing, and social media marketing. In a nutshell, everything a company can do to increase traffic towards their business. This particular software helps coordinate these campaigns, generates analytics, measures the traffic, and provides insight into which strategy is delivering the best ROI and return on investment.

Communication/ Collaboration 

Business Analysts work with different groups of people, different departments within a company, and stakeholders from different companies or organizations. Undoubtedly, Emails make for a great option. However, for intra-group collaboration, specifically, when several hands are making modifications to a single model or document, additional tools usually come in handy.

ERP – Enterprise Resource Planning

It gets right into the work of a business analyst. Enterprise Resource Planning is managing how and what a business does – the oversight of the unfolding of these processes, its main process, and the technology that mediates and enables them. ERP software is the type of tool that is used for gathering and managing the business, which is the heart of any business analysis.

CRM 

CRM stands for Customer Relationship Management. In the world of online business, keeping track of customers’ goings and comings, and keeping them satisfied and happy, is a task unto itself. The main purpose of this software is to automate these interactions, and above all, logs data that provides BAs with valuable insights into their customer’s minds.

Extract, Load, Transform (ELT)/ Extract Transform, Load (ETL)

The thing being extracted, transformed, and loaded is data. In ETL software, data is taken from several sources of a business for preparing, producing, and moving it into a data warehouse, where it is used for generating analytics. In the case of ELT software, the data is already loaded into a warehouse and transformed into functional form.

Several other tools are available for making a business analyst’s life easy. BA training in Chicago is the first step towards learning various business analysis tools. Enroll with an institute like QABATraining to polish your skills. We have been training business analysts for many years and know what it takes to job-prepare such candidates. With this short-duration course, you will learn about different aspects of business by industry-experienced professionals. So, join us and give your BA career a leap.