Business Analyst

A Business Analyst (Innovation) is a strategic thinker who bridges the gap between business needs and technological solutions, with a specific focus on driving innovation. They are instrumental in identifying new opportunities, developing innovative solutions, and ensuring their successful implementation.

Key Responsibilities:

• Innovation Identification:
• Conduct market research and industry analysis to identify emerging trends and technologies.
• Identify opportunities for innovation within the organization to improve products, services, or processes.
• Develop innovative concepts and business models.
• Business Case Development:
• Create compelling business cases to justify innovation initiatives.
• Conduct feasibility studies and cost-benefit analyses.
• Assess potential risks and develop mitigation strategies.
• Requirement Gathering and Analysis:
• Define and document business requirements for innovative projects.
• Collaborate with stakeholders to understand their needs and expectations.
• Translate business requirements into technical specifications.
• Solution Design:
• Participate in the design and development of innovative solutions.
• Ensure alignment with business objectives and user needs.
• Project Management:
• Manage innovation projects from inception to implementation.
• Coordinate with cross-functional teams to ensure project success.
• Monitor project progress and make necessary adjustments.
• Stakeholder Management:
• Build strong relationships with stakeholders at all levels.
• Communicate effectively and influence decision-making.
• Manage expectations and address concerns.

Required Skills:

• Strategic Thinking: Ability to identify opportunities and develop innovative solutions.
• Business Acumen: Strong understanding of business operations and financial metrics.
• Data Analysis: Proficiency in data analysis and interpretation to support decision-making.
• Problem-Solving: Ability to identify and solve complex problems creatively.
• Communication: Excellent written and verbal communication skills.
• Collaboration: Ability to work effectively with cross-functional teams.
• Technical Proficiency: Understanding of technology trends and their potential applications.

Experience: Relevant experience of around 2 years

In essence, a Business Analyst (Innovation) is a catalyst for change, driving the organization towards a future of growth and success through innovative solutions.