The long term development of a business analyst in a field is often hampered by technocratic thinking.
A lot of times, business analysts that work in the field are highly proficient at dealing with the data sets they are provided. When it comes to their core skills in fields like data science and data analytics, they are highly talented and even comfortable at breaking down complex data sets into simpler forms.
Knowledge and skills is rarely a problem as both of these can be gained with effort and an investment of time and resources. However, the role of business acumen is setting up a professional’s career in business analytics is often understated.
In this article, we study the need for having business acumen in business analytics.
Making Conclusions Based on Observations
When studying data sets, a business analyst is tasked with identifying trends and patterns. Upon finding these trends, a business analyst must also be able to infer the impact of these trends on the actual working of the business.
However, such inferences can only be made by those that can extend a spotted trend into an actual business reality. There is no skill which can help a business analyst correspond a trend with an actual business reality except have business acumen.
Role of Business Acumen
Business acumen simply refers to the skill of understanding how businesses work in the real world. Business acumen can be gained by studying how real-world businesses operate and gradual experience.
Business analytics and the results it presents are blind and lacking context until the right business acumen is applied to given them a real background.
This is why business acumen is so important to data analytics in the modern-day landscape.
In Conclusion
Technocratic thinking is often the fatal flaw of the best of professionals. A field as technical as business analytics is naturally populated by technocratic minds with a penchant for figuring out the inner details of a problem.
While technical thinking is important for a field like business analytics, it is not enough for long term success in the field. In this article, we discussed why business acumen is important in business analytics. If you think the field is compatible with your career interests, consider joining top business analytics institutes in Delhi such as Kapil Heera Academy.
About the Author – Raman Pradhan is a well-known writer and blogger in the field of business analytics. He currently writes on topics like technology, business development, and marketing.