The document discusses how digitization is driving increased demand for business analysis skills and how companies struggle to integrate new graduate hires due to skills gaps. It proposes a new model is needed where companies provide structured development paths for graduates to build business analysis skills over time and transition from new hires to leaders.
2. Graduates dont
automatically fit into
corporate life
Digitisation and the
growth in BA demand
Outline
Companies dont
excel at entry level
staff absorption A new model is
required
3. A digital world: industrial revolutions
FIRST
1784
THIRD
1969
SECOND
1870
FOURTH
?
Steam engine
Mechanical production
Electricity
Mass production
commercialisation
Computer IT
Automated production
Digitisation
6. ...not to mention the lack of relevant hard skills
US employers report that graduates lack
CRITICAL THINKING
EFFECTIVE
COMMUNICATION
SKILLS
CREATIVE PROBLEM
SOLVING ABILITIES
ABILITY TO WORK
COLLABORATIVELY
ADAPTING TO
CHANGING PRIORITIES
RESILIENCE
#3: Growth in BA demand
The need for speed
Data is everywhere
You are only as good as your mobile capability
Attributes of a great BA
Tools, methodologies
Staying at the forefront of change
#4: Like the revolutions before it, the Digitisation revolution with increase wealth and quality of life, all the ones before did also.
Ordering a ride
Listening to music
Booking a flight
Making a payment
Buying a product
Transportation, telecoms and logistics prices are dropping
#5: IOT
2020 26m
Only a small fraction of transactions are fully digitised
IOT, Big Data, Machine Learning, Mobile, Social,
Blockchain - Bitcoin (no geo boundaries, min regulation)
Faster, more agile, more experimental IT. Launch an interim product, improve it using customer feedback
Amazon has 1000 people working on AI alone. They are investing heavily in robotics and drones.
#6: We all like to think about it as a virtual currency, but what other possibilities exist?
Imogen Heap, british singer songwriter, has posted 1st song on blockchain, with a smart contract attached around use and payment
Every aspect of financial services - moving money, storing money, trading money, attesting money, lending money - all distruptable
No more fiddling with your CV after a bad gig
Can foreign aid go to a beneficiary rather than a beaurocracy?
Does blockchain REPLACE Uber and Airbnb?
There is NO industry that is not going to be disrupted by this technology.
How can you as a BA not be on top of it?
#7: Misalignment of current jobs on offer and workforces skillset.
#9: Use only university degrees from limited universities as the pool
Dont have the time to onboard and upskill grads with gaps
Traditional grad programmes are too generic
#10: Long term - fix education
Better tools for assessing potential
Bridging the gap between education and work