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Business analysts are essential at all levels of a business, as both tactical and strategic planning require analysts who help with "incremental improvements to products, business processes, and application". Successful business analysts should influence the business environment by providing reliable guidance in decision making for the future through observing data which reflects the behaviour of the business in the past. This can then be used to improve business performance through identifying areas for potential growth, cost reduction, understanding customer behaviour, and observing economic trends and forecasts, and then reacting appropriately. More specifically, business analysts are required to use the data which is gathered for the purpose of analysis and interpret greater meaning for the business.
Some areas in which business analysts can have an important role are in financial analysis, quality assurance, training, business policy and procedures, organisational development and solution testing. There are many business activities which the business analyst is involved in. Ī business analyst's job description tends to include "creating detailed business analysis, outlining problems, opportunities and solutions for a business, budgeting and forecasting, planning and monitoring, variance and analysis, pricing, reporting, and defining business requirements and reporting back to stakeholders". īusiness analysis is defined by the International Institute of Business Analysis (IIAB) as "a disciplined approach for introducing change to organisation" through management, processing, and interpretation of data in order to "identify and define the solution that will maximise the value delivered by an organisation to its stakeholders". Each of these areas of business analysis have a significant impact on business performance, and assist in enhancing profitability and efficiency in all stages of the business process, and across all business functions. The business analyst role is applicable to four key areas/levels of business functions – operational, project, enterprise and competitive focuses. Some tasks of a business analyst include creating detailed business analysis, budgeting and forecasting, planning and monitoring, variance analysis, pricing, reporting and defining business requirements for stakeholders. The role of a business analyst is to ensure business efficiency increases through their knowledge of both IT and business function.
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This image shows aspects of the Business Analyst professionĪ business analyst (BA) is a person who processes, interprets and documents business processes, products, services and software through analysis of data.
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