The business systems branch of the technology industry in the banking and finance world stars the business systems analysts.
The role of business systems analyst revolves around the following: Is a business’s technology effectively integrated with their business strategy? Is there anything which can be improved or adapted so that technology further complements the business strategy within a budget? Within the banking and finance industry this can involve the analysis of highly complex specific banking software, networks and systems.
Business systems breakdown
In order to do the job, business analysts need both a head for technology and a head for business and finance. They need to be able to switch between effective liaison with managers and directors within a company and the developers who are responsible for designing and developing applications to ensure IT products fit the client’s needs.
They will often liaise with the business strategists and decision makers at the business first to get to know the business strategy inside-out and understand how current IT systems are used and the costs of those systems to then establish where improvements can be made and oversee any determined changes. It’s therefore essential to have in-depth knowledge of business models and budget management as well as, of course, knowledge and technical skills in information technology and the various options available to the client.
Who could I work for in business systems?
Business systems analysts can be employed to work in-house for one company as part of their IT department. Other employers include technology consultancies or professional services firms, with whom there are opportunities to work with clients from a variety of different backgrounds. Technology graduate programmes with these employers are the most common way into the field; knowledge in computer sciences or computer engineering is needed, as well as strong commercial awareness and understanding of business.