Business Analysis and Business Analyst
Google defines, “Analysis” as “the careful examination of the different parts or details of something” to comprehend its inherent nature or essential features.
What is a Business?
A business is an organization, company or corporation that engages in specific activities in order to deliver value to its customers in exchange for revenue.
Value : It can be a product, a service, a program or a resource
Revenue : Total amount of money a company earns from its sales of products or services before any expenses or deductions are subtracted.
Lets understand what is business analysis
Definition of Business Analysis as per IIBA is “The practice of enabling change in an organizational context by defining needs and recommending solutions that add values to the stakeholders”. This definition is mainly considering four pillars.
Enabling Change
Defining Needs
Recommending Solutions
Add Values to the Stakeholders
Basically Business analysis is a research discipline of identifying business needs and determining solutions to business problems.
It involves gathering and analyzing information, identifying potential areas for improvement, and recommending changes to processes, systems, or strategies. The goal of business analysis is to help organizations make more informed decisions and improve their overall performance.
Lets understand Who is a Business Analyst
A business analyst is a professional who analyzes and optimizes business processes, systems, and requirements to improve efficiency and achieve organizational goals by bridging the gap between business and technology.
Business analysis is used to identify and articulate the need for change in how organizations work, and to facilitate that change.
Who can do Business Analysis?
In Simple words, Anyone!
Anyone with analytical thinking, problem-solving skills, strong communication, interpersonal skills, and technical aptitude can become a business analyst. A background in business or IT is helpful, but practical experience and a willingness to learn are crucial for success in this field. Formal degrees and certifications can also be beneficial.
Other job positions that share comparable duties and responsibilities
Business System Analysts
System Analysts
Requirement Engineer
Business Process Analysts
Business Architect
Management Consultant and Many more
Some of the main responsibilities of a business analyst
- Citing, gathering, and documenting business requirements from stakeholders.
- Analyzing existing processes and systems to identify areas of improvement and opportunities for optimization.
- Developing and recommending solutions based on thorough analysis and alignment with organizational goals.
- Communicating complex information effectively to various stakeholders, such as management, IT teams, and end-users.
- Collaborating with cross-functional teams to ensure successful project execution and delivery.
- Assisting in the development and implementation of new systems, processes, or procedures.
- Conducting user acceptance testing (UAT) to ensure that the implemented solutions meet the defined requirements and are fit for purpose.
- Providing training and support to end-users, as needed.
- Continuously monitoring and evaluating the effectiveness of implemented solutions, identifying areas for further improvement.
Why is Business Analysis an important part of business?
Business is something where you sell your products or services for which a revenue is generated.
Generating revenue from your own business can be challenging despite its straightforward definition. To succeed in business, you need to conduct thorough research on your competitors, have a deep understanding of the quality of your products or services, and take other necessary actions to ensure success.
This is where a Business Analyst plays a critical role. They conduct analyses for your business to help it succeed in the market and differentiate itself from competitors.
Thank you for taking the time to read this article. I plan to write more articles in the future that focus on Business Analysis.
