ever-transforming world of commerce

 ever-transforming world of commerce

In the disruptive modern world of commerce, one of the most significant, if not the most notable, is to formulate measures aimed at delivering valuable changes to the organization. Business analysts are expected to have an in-depth assessment of the organization’s operating landscape, reflect on the existing and emerging production processes and technology, and come up with unique projects that steer organizational transformation. The move should aim at formulating the best solutions that meet the firm’s fundamental needs and respond to the probable functional challenges. The question major question among many modern scholars and academicians is, “How will machine learning impact and transform the role played by business analysts?” The paper looks into the ever-transforming world of commerce, reflecting on some of the notable probable changes to the role of business analyst due to machine learning and technological advancements.

It is undebatable that intelligence and its associated technology Machine Learning are among the major causes of the changes characterizing the modern world of commerce. Such new advancements have completely changed the way of the operating business and can easily replace the human brain. Machine learning, which is an emerging technology that centers on the idea that the system has the capability of assessing and learning from data, is a significant factor giving an insight into the likely changes in the world of commerce (Dean, 2014). Scholars and academicians behind such emerging technology aim at discovering a system that can be fed towards identifying trends and patterns without necessarily having to depend on the intervention of human beings. Such invention will translate to automation that can be used in analyzing, reflecting on, measuring, and discovering various operational processes taking place in businesses. Besides, automation is considered as one of the critical advances with the ability to quickly give a prediction concerning future outcomes without having to depend on human intervention. In the disruptive, contemporary world of commerce, it is highly likely that analysts will rely more on such innovations to enhance the attainment of the desired outcomes.

The modern world of commerce has significantly transformed, thus leading to the complexity characterizing various industries (PMI, 2013). With such transformations, the business analyst’s role might probably change in the attempt to correlate with the changing world. Machine learning will have notable implications as far as the role of business analysts is concerned. One of the significant probable changes is that data analysis will be machine-driven as opposed to the traditional methods used by analysts when looking into an organization’s performance. Arguably, the persistent technological advancements globally lead to more internet connections. As such, business analysts ought to transform their way of operations to fit the ever-transforming world of commerce. Secondly, machine learning is likely to alter the role played by analysts in facilitating organization transformations and growth. Investors may opt to utilize such technology rather than the analysts. As such, the changes may force business analysts to choose for other job markets to meet their financial needs.

Business analysts should consider some of the best measures to help them fit and survive in the ever-changing world of commerce. Even though human innovations risk most analysts to losing their jobs, creativity can help negate the situation. Business analysts ought to be at the forefront of adopting and utilizing machine learning as a tool to influence functional changes within organizations. Such a move will help business analysts to counter of risk of losing jobs as a result of the transformations. Innovative business analysts should get re-trained to familiarize themselves with the significant changes taking place in the world of commerce (Arthur, 2013). Even though most of the business analysts know concerning technology, it is worth noting that innovation has enabled human beings to transform the way computers and other devices are used in the business world. Arguably, business analysts can maximize such an advantage if they use emerging technology rightfully. For example, business analysts can use emerging systems to minimize the tedious nature of their functions. They can achieve this by delegating mundane. Furthermore, analysts should use developing technology to facilitate their global ventures. Most analysts have not yet gone global hence the maximization of the emerging technological systems can enable them to go global.

In conclusion, advancements in technological have translated to notable changes in the modern world of commerce. The fact that technology transforms each day gives an insight into the probable nature of the future as far as business activities are concerned. Most investors adopt modern technology as an essential measure to drive change and increase functional efficiency. Machine learning is one of the latest advances in the business world. Such technology aims at offering systems through which business owners can monitor the progress of their firm without necessarily having to depend on human intervention. Such transformations will affect the work of business analysts in the near or far future. Getting re-trained and utilizing such technology for global ventures are some of the measures that analysts can adopt to counter the probable threats of losing their jobs.

References

Arthur, L. (2013). Big data marketing: engage your customers more effectively and drive value. John Wiley & Sons.

Dean, J. (2014). Big data, data mining, and machine learning: value creation for business leaders and practitioners. John Wiley & Sons.

PMI, P. (2013). PMI’s Pulse of the Profession In-Depth Report: Navigating Complexity. Newtown Square, PA.