An effective business analyst has to have business knowledge of the business, industry, organization, and policies.
Business knowledge is defined as the understanding of the customers’ needs and the business domain.
Business knowledge allows the business analyst to understand the broad ideas that direct the system, its interests, and value as it is related to the change or need.
There are some underlying competencies related to the business knowledge and they include:
- Business Acumen.
- Industry Knowledge.
- Organization Knowledge.
- Solution Knowledge.
- Methodology Knowledge.