The business analysis is a discipline of determining the business needs and identifying the solutions to business problems. The business analyst makes sure that the service or product provided by the technical team meets the client’s present requirements. A business analyst doesn’t work with data and is mostly concerned about processes and functions. On the contrary, Business Analytics is the collection of tools, techniques and skills that enable the investigation of past business performance and also gain insights of future performance. Business Analytics focuses heavily on data and statistical analyses. Saving Changes...
Examples of Business Analysis are:
- Creating a Business Architecture
- Preparing a Business Case
- Conducting a risk assessment
- Requirements elicitation
- Business Process Analysis
- Documentation of Requirements Saving Changes...
Examples of Business Analytics functions/tasks are:
- Using a data warehouse to report past performance
- Creating a dashboard to track key performance metrics
- Using statistical methods to predict future sales based on past sales
- Running simulations to investigate different scenarios Saving Changes...
