Will Business Analysis be Automated? – The BA Guide (2024)

Over the last decade, we’ve seen a rise in rapid technological advancements and conversation about the implications they have on our lives, our careers and jobs, and on society and, truly, the world as a whole. We’ve seen computers and smart devices become sleeker, and we’ve seen increased capabilities and uses of them.

We’re also witnessing growth in Artificial Intelligence (AI). Where we once heard of it mostly used in the military, science, and other government fields, we’re now seeing AI becoming more widespread and built for use in mainstream society.

You’ve likely seen or heard of a new AI tool called ChatGPT – some days, it seems like it’s the topic of every other article on our newsfeeds. It’s incredibly intuitive, delivers conversational content outputs, and (for now) it’s free. It’s also got many people worried about their jobs, and figuring out how to leverage this technology to work more efficiently and productively.

With all this talk of machines replacing jobs, have you ever stopped to wonder if the Business Analyst role could be automated in the future?

What Makes a Job Replaceable With Automation?

Here’s the thing: the jobs that are most likely to be replaced by automation and AI technologies are the jobs that are repeatable and require low or no level of specialized training and social intelligence. These include role like:

  • Will Business Analysis be Automated? – The BA Guide (1)Telemarketers – Have you received robocalls in the past? With conversion rates already low in this type of sales tactic, it doesn’t take much to convince companies to switch to a lower maintenance method.

  • Bookkeeping clerks – There’s already a lot of software that does this already. Software like Freshbooks and Quickbooks does a great job at keeping finances visible and reportable.

  • Receptionists – While the human touch is still nice, many companies now use automated phone systems and directories.

  • Couriers – Though they’ve had a controversial start, big companies like Amazon are already testing out drone delivery services.

  • Cashiers – Have you noticed the self-serve checkout section in your grocery store growing? More people starting to use ordering stations at your favorite fast food joint? You’re not imagining it. McDonald’s has even started testing a new concept store equipped with minimal employees and conveyor belts and robots that deliver food to customers.

Could Business Analysis Be Automated?

Will Business Analysis be Automated? – The BA Guide (2)There’s no need to panic – the Business Analyst role isn’t going anywhere anytime soon! Business analysis involves a lot of critical thinking, emotional and social intelligence, and complex communications and discussions among multiple parties. If anything, AI technology will likely become a useful tool that you can leverage within your role to create efficiencies and drive further productivity.

With mass amounts of data being produced for and by businesses these days, Artificial Intelligence is already helping Business Analysts more efficiently and accurately draw valuable insights out of mountains of data and deliver solutions to companies to help them reach their goals.

As we see more companies adopt the use of AI and automation in their processes, BAs will be needed to help review, tweak, and refine programs and processes to transition this new tech into place. This means more work and more projects for Business Analysts!

As machine learning tools that use AI continue to advance, they will, no doubt, continue to help BAs – and the organizations they work for – reduce inefficiencies and costs, and increase profits and productivity.

Revolutions Happen in Waves

If ever you get nervous about the developments we’re witnessing with AI, keep in mind that we’ve seen these types of technological advancements before. Though they don’t sound as flashy, the invention of the calculator made doing math a heck of a lot easier, but people didn’t stop doing math. Similarly, the invention of digital cameras didn’t stop people from taking photos. In fact, with cameras now available in the vast majority (if not all) of smartphones, more photos are being taken than ever before.

Remember: AI is a tool – a very powerful tool, but a tool nonetheless. The person who yields true power is the person who embraces progress and figures out how to use these tools to their advantage.

Written by Jeremy Aschenbrenner, The BA Guide

Will Business Analysis be Automated? – The BA Guide (2024)

FAQs

Will Business Analysis be Automated? – The BA Guide? ›

Business analysis involves a lot of critical thinking, emotional and social intelligence, and complex communications and discussions among multiple parties. If anything, AI technology will likely become a useful tool that you can leverage within your role to create efficiencies and drive further productivity.

Will business analysis be automated? ›

Automation of Routine Tasks

AI is poised to automate routine and repetitive tasks in business analysis, thereby reducing errors, enhancing efficiency, and liberating human resources. This, in turn, enables business analysts to concentrate on more intricate and strategic facets of their work.

Is a Business Analyst going to be replaced by AI? ›

Everyday I read that AI is coming for our jobs. All of our jobs. However, history demonstrates that technological change will always impact jobs.

Can financial analysis be automated? ›

Practical Applications of Automated Analysis

Advanced technologies are revolutionizing financial analysis. These technologies are not simply about coding software to perform specific tasks; instead, they enable systems to learn from data, improve their performance, and make decisions with minimal human intervention.

Does business analysis have a future? ›

Business analysts will find themselves at the vanguard of data-driven decision-making as AI technology develops and advances. They will play more strategic and team-oriented roles with an emphasis on utilizing AI to boost corporate success.

Will financial analysts be replaced by AI? ›

Conclusion. AI will not replace financial analysts, but it may reduce the number of such professionals as they become more efficient, effective, and reliable by using AI, machine learning, and other transformative technologies.

What is the future of business analytics? ›

As we look towards the future of business analytics, it's clear that certain skills and tools will become increasingly important. Technical skills in areas such as AI, ML, data visualisation, and real-time analytics will be highly sought after. Familiarity with tools like Tableau, Power BI, and D3.

Are business analysts becoming obsolete? ›

There is a false notion surrounding AI that the role of the Business Analyst will become obsolete. While it does have the potential to automate five percent of jobs globally, AI cannot succeed without the critical soft skills that Business Analysts bring: leadership, negotiation, and empathetic communication.

Which jobs will AI not replace? ›

65 Jobs That AI Can't Replace
  • Jobs Requiring Human Interaction and Empathy. ...
  • Therapists and Counselors. ...
  • Social Work and Community Outreach Roles. ...
  • Musicians. ...
  • High-Level Strategists and Analysts. ...
  • Research Scientists and Engineers. ...
  • Performing Arts. ...
  • Judges.
Jul 6, 2024

Which AI is best for business analysts? ›

Sisense is considered one of the best AI tools for business analytics because of its drop-down interface and developer-friendly features. Sisense solves business analytics problems using natural language processing and generative AI. Features: It doesn't require high programming knowledge.

Will AI take over FP&A? ›

To sum up, AI/ML will transform FP&A into a better Business Partner. It will not replace the FP&A function as there are many things that the technology cannot do, such as think, and it will not always possess the data necessary to provide the basis for informed decisions.

Are analyst jobs at risk of AI? ›

While AI may replace some tasks for data analysts, it's unlikely to happen. Human analysts possess unique skills, not to mention there are some ethical considerations when using artificial intelligence in specific industries. Skills like problem-solving and critical thinking are a must-have in data analyst jobs.

Will FP&A be automated? ›

Manual data entry and calculations are prone to human error. AI in FP&A automates these processes and reduces the risk of errors that can skew financial analysis. This means your financial data is more accurate and you can trust it to make good decisions.

What is business analysis in 2024? ›

In 2024, business analysts need to excel in using advanced data analytics to unearth insights that propel business growth and foster innovation. Problem-solving is crucial, requiring a mix of creativity and systematic thinking.

What is the future outlook for a business analyst? ›

According to the Bureau of Labor Statistics (BLS), business analyst job openings are projected to grow at the rate of 14% from 2020 to 2030. There'll be an estimated 99,440 jobs to fill each year of the decade. The median wage for business analysts in 2020 was US$87,660 per year or US$42.14 per hour.

Is business analyst a stable job? ›

The demand for business analysts has increased in recent years and is projected to continue. The US Bureau of Labor Statistics (BLS) projects faster-than-average job growth between 2022 and 2032 for similar roles.

Will analytics be automated? ›

So, while AI will automate aspects of entry-level analysis, senior analysts adept at human judgment and communication are here to stay. Indeed, their strategic oversight, helping organizations extract full value from AI, promises to make their contributions more pivotal than ever.

What is automation in business analysis? ›

Business automation is the use of technology to automate processes and functions within an organization. Also known as business process automation, business automation can deliver massive productivity gains by helping a business transform traditionally manual processes into automations across the entire organization.

Will a data analyst be replaced by robots? ›

Data analysts won't go out of style because of this. Instead they will continue to develop their job and collaborate with AI to improve decision making and provide more insightful data. It is expected that AI and machine learning will advance over time and eventually be able to handle even more difficult tasks.

Will robots take my job as a business analyst? ›

While AI can likely change the role of a business analyst significantly, it's not on track to fully replace business analysts. Instead, business analysts should adapt to using AI to automate time-consuming tasks and focus on more strategic tasks such as identifying new opportunities and making informed decisions.

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