The world around us is changing and evolving at great speed, scale, and force and unlike we’ve seen before. A significant attribution is what world-renowned experts and leading authorities call “The Fourth Industrial Revolution”; view the video clip, (World Economic Forum). When we think about this significant movement in time, it essentially speaks to the current and developing environment around us that is constantly disrupting societal norms through technology, such as Software as a Service (SaaS), the internet of Things (IoT), robotics, virtual reality (VR) and artificial intelligence (AI). Ultimately these emerging realities are altering the way we live, work, and relate to one another, where we have some experts say by the year 2020, there will be approximately five million job losses to technology, (WhatIs.com, 2017) i. Given these high implications, the questions that some leading experts have forced us to ask are:
- What will be the future of work?
- How will we define work?
- How will we share the wealth?
- What training and education are required?
There is no easy answer to these questions; however, what we do want to emphasize is the need for a new mindset, where individuals and organizations are embracing these thoughts at the forefront of strategic discussions, collaborations, and one on ones to evaluate what it all means for organization and individual success now and the future.
In some recent findings from our 2016 Research and Impact Study, among many global CEO’s surveyed, 72% believe the next 3 years will be more critical than the last 50 years in their industry and 41% expect to be running significantly transformed companies in 3 years’ time, (IIBA and KPMG, Research and Impact Study. 2016.(3)) ii. What this evidently emphasizes is the continuous evolution of thought towards rethinking the way business works and the competencies needed to succeed. What must also be highlighted is the need for a diversified skill set that helps enable organizational success now and the future. Senior leaders in organizations are concerned about the pace of change and what it all means. One of the key elements for success will be a talented workforce that possesses a mindset of lifelong learning and development. What this ultimately means for individuals, as well as those hiring them, is a need to constantly understand the current skill sets, as well as future ones required for organizational success.
One top CEO quoted, “People who lose their relevance get stuck in the past because they're no longer in the present moment”, (Forbes.com, 2017)iii; it is, therefore, incumbent upon every individual to navigate their own career journey, in order to stay relevant and be successful. The keys to success lies in an attitude of lifelong learning, where the prevailing thought is, “career growth must thrive, so my career never dies”. Saying this, we believe of all the skill sets required for success, one of the top ones required now and in the future will be business analysis. Business analysis according to the “Business Analysis Body of Knowledge® Guidev3”, is the practice of enabling change in an enterprise by defining needs and recommending solutions that deliver value to stakeholders. Business analysis is at the forefront of change and is no longer defined as a specific job role or title that drives measures for success. Business analysis now embodies a global practice and discipline using a variety of techniques and personal characteristics that help enable ongoing change.
Fundamentally speaking, business analysis like any other discipline embodies a standard way of doing things that provides continuous value and unites a community of professionals and organizations to create better business outcomes. Saying this, there are a multitude of competencies, techniques, and personal characteristics that are considered foundational and must have experience at work. Examples of these are leadership, system thinking, creative thinking, visual thinking, and managing stakeholder collaborations, which are essential competencies in demand today and the foreseeable future. To stay on top of disrupting competition and effectively managing change, business analysis professionals and the organizations that hire them must be keen on constant development, training, and hiring for these competencies among many others,. Eventually, this requires a roadmap that helps organizations and individuals to navigate career development strategy and success.
The Business Analysis Competency Model is this roadmap and leading resource to help bridge the gap between the concerns of senior leaders and the need for a skilled workforce of business analysis professionals to address change. The Business Analysis Competency Model is a research and reference guide that helps navigate the way towards effective career strategy and development that addresses the foundational skills, knowledge, capabilities, techniques, and personal characteristics required for success. What makes this model more powerful is the Business Analysis Self-Assessment Tool and Career Action Guide that are newly launched to interact with one another, to provide an actionable experience that helps you identify the necessary competencies for growth and take you on a journey of creating a personalized career development plan that is tailored to you. Don’t get left behind, one career size does not fit all, experience the Business Analysis Competency Model today, and unlock your full career potential.