Business analysts typically use analytic techniques to improve business performance. Effective business analysis depends on successful application of three different types of analytics: financial, quantitative and descriptive. Real advantage comes from applying these analysis techniques to external and strategic interests. In these applications, insights from analysis form the basis for the development of requirements for process change, acquisition or development of applications, package deployment or services articulation.

Analytic techniques are also used for support of decisions in business organizations. They determine the response to the business ecosystem in terms of opportunity and threat neutralization. Opportunities here include merger, acquisition, divestiture, privatization, consolidation, and outsourcing. Analytic methods are important for realizing the opportune results of restructuring efforts.

The implications of business analysis often lead to the assessment of change that impacts the organization. Business analysis also includes topics of operational due diligence, performance measurement, knowledge management, product architecture, process architecture, competitive intelligence, and business intelligence.

In summary, business analytics are a combination of various strategies, techniques, methods, and tools used to improve the organization’s or enterprise's performance. Our professional courses in business analytics can help you identify the predictive and diagnostic analysis you need to undertake to understand your current and future business problems and opportunities.