What is Business Analysis?

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Business Analysis is a critical component of any organisation, enabling businesses to identify problem areas and areas for improvement. ITonlinelearning’s Business Analysis Specialist & Course Developer, Simon, recently hosted a webinar where he provided an overview of Business Analysis at a foundational level.

In the webinar, Simon explained that Business Analysis is a service rendered by a Business Analyst. The primary purpose of this service is to identify problems and areas for improvement within an organisation. It ensures that organisations are aligned with their solutions and that solutions are viable and achievable.

Today’s businesses face various challenges, both internal and external. Simon discussed how organisations approach these challenges and where businesses stand today. He reviewed business and IT problems and solutions within the Business Analysis context, highlighting the importance of Business Analysis within an organisation.

Some people have a misconception that Business Analysts are exclusively technical, but Simon clarified that there are different kinds of Business Analysts, including Technical Business Analysts, Business Systems Analysts, and Business Process Analysts. The primary role of a Business Analyst is to identify problems, investigate these problems with potential solutions, and then validate these solutions within the context of the business.

Simon provided insights into the standard and general process that Business Analysts follow to solve problems according to best practice and Business Analysis methodologies. The process involves investigating a problem, gathering data, analysing data, and validating the data to improve the business’s efficiency, productivity, or profitability.

Business Analysis is a valuable service that can provide organisations with a competitive advantage by identifying problems before they occur and streamlining business operations. Whether you are looking to begin a career as a Business Analyst or simply want to learn more about the role, ITonlinelearning’s webinar on the basics of Business Analysis provides an excellent starting point.

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