Achieving Goals through Innovation and Change
Business analytics today Business analysis depends on successful application of three different types of analytics, financial, quantitative and descriptive. These three analytics form the legs of the analysis triangle.
The 3 analysis legs provide a guideline for understanding analysis types. Business analysis today has a business execution perspective and is tied to operationalizing analytics and intelligence into processes.
Real advantage comes from applying the analysis techniques to external and strategic interests. Business analysis also leads to the development of requirements for process change, application acquisition and various application development, package deployment or services articulation.
Analytical techniques are applied to external or ecosystem views such as for merger, acquisition, divestiture, privatization, consolidation and outsourcing.
The implications of business analysis leads 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.
With business analysis being at the forefront of change, the business analysts use business analytics to improve business performance. Knowing more about business analytics provides the basis for driving innovation and change