Dubai, One of the fastest growing business
destinations in the world. Apart from
one of the most favourite tourist destinations in the world, UAE is emerging as
the finest business destinations in the Middle East. Supportive investment climate, excellent
infrastructure and easiness of doing business in Dubai makes it’s the most
sought after place in the Arabian plateau.
As you are aware, Dubai has been chosen as
the venue for World Expo 2020. A mega
boost to the economy for the days to come! Multi billion dollar projects are
already announced. A strong positive
sentiment in the business is already visible.
Some estimates show more than 200,000 new employments to be
created. One thing is for sure everything
looks very positive.
All these are good. What are the prospects for a Business
Analyst? What they can expect from this
extra ordinary boom period? How can they
better equip with the changing as well as challenging times ahead.
Let’s have a look at some of the most important
(prospective) businesses with Expo 2020.
Construction, Hospitality & Tourism and Banking are among the major
ones. Existing businesses has to expand
to meet up with the expected large volumes.
New players will emerge with new ideas and business models. Large players from the Americas and Europe
will strengthen their presence with their existing lines of action with an
adapted version to suit to this geography.
If you look at the above, one thing is
sure, a change is inevitable. Business
houses have to change from what they do today (or they were doing) to a more
adapted and competitive ways to thrive their respective businesses. Technology and social media will play a vital
role. The traditional ways of marketing,
sales and customer support will give way to the more contemporary
approaches. In any way if you look at,
most of the businesses have to embrace a change whether they like it or
not. In some cases, the change has to be
a completely different approach itself.
Whenever there is a change, the role of a
Business Analyst is unavoidable. He who
is the one has to do the transition from the existing way to the desired and
changed way of doing business. His
skills and ability will determine the smoothness in transition. His domain expertise, analytical skills along
with the understanding of the latest technologies and practices will be the key
differentiator. Exposure to the Business
Analysis techniques, methods, and tools will make him stand out in the
crowd. Business Analysis implementation
skills and expertise (like Balanced Scorecard) will make him/her the best
sought after candidate in the job market.
One of the latest survey done by a job
portal shows that the UAE Job market has shown a whooping 25% growth on year on
year between June2013 & 2014. Banking, Insurance, hospitality, engineering
industries witnessed the highest growth. In all these verticals, they need more
and more sophisticated products and services to ‘be’ in the market. Need to make a lot of changes and to reinvent
the ways and means to doing business to cater the ever-increasing demands from
their customers.
So, as a Business Analyst, in my opinion,
this is the best time to take the advantage of the market conditions. Do sharpen your skills and leverage your
domain expertise to achieve greater heights.
Mastering Business Analysis wishes you all the very best!
Happy Reading.
