Business Analysis – An Overview
In this module we shall learn about the basics of business Analysis and the skills required to become a proficient business analysis professional. So before we begin lets start understanding more about its functionalities.
What is Business Analysis?
We may define business analysis as the practice to facilitate change in an organizational context. Thereby, defining the needs and also suggesting solutions offering value to stakeholders. In layman’s term, we can say that business analysis is used to identify and articulate the need for change in the functionality of an organization, to facilitate required change. As a business analyst, you will be required to identify and define the solutions needed that aims to maximize the value delivered by an organization to its stakeholders.
Who is a Business Analyst?
We may say that a Business Analyst is an agent of change. Since, business Analysis entails to a disciplined approach for introducing and managing change to organizations (including profit businesses, governments, or non-profits). Consequently, as a business analyst, you will be required to work towards achieving the goals of the organization by working across all levels of an organization including –
- Firstly, you will be required to define a suitable strategy, to begin with.
- Secondly, creating enterprise architecture
- Then, performing leadership roles by defining the goals and requirements for programs and projects
- Lastly, supporting continuous improvement in its technology and processes.
The job options for business analysis professional include not only business analyst, as well as other profiles including –
- Business systems analyst
- Systems analyst
- Requirements engineer
- Process analyst
- Product manager
- Product owner
- Enterprise analyst
- Business architect
- Management consultant
- Business intelligence analyst
- Data scientist, and more.
There are various other jobs options, including management, project management, product management, software development, quality assurance and interaction design rely heavily on business analysis skills for success.
Business analysis is used to identify and articulate the need for change in how organizations work, and to facilitate that change. As business analysts, we identify and define the solutions that will maximize the value delivered by an organization to its stakeholders. Business analysts work across all levels of an organization and may be involved in everything from defining strategy, to creating the enterprise architecture, to taking a leadership role by defining the goals and requirements for programs and projects or supporting continuous improvement in its technology and processes.
As a business analyst, you are required to possess specialized knowledge to act as a guide and lead the business through the unmapped territory. Moreover, the objective is to explore opportunities to reach the benchmark.
Value of Business Analysis
The value of business analysis involves –
- Realization of benefits
- Avoidance of cost
- Identification of new opportunities
- Understanding of required capabilities
- Modeling the organization.
Therefore, through the effective use of business analysis, you can ensure that the organization realizes these benefits, ultimately improving the way they do business.
It is rightfully said – “Business Analysis is the ultimate source for Businesses to do Business Better.”
