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Business analysis provides the business context for business data analytics. Business analysis defines the focus for the research questions being asked and sets the scope before data is collected.
7 1.2 Business Analytics Process. The complete business analytic process involves the three major component steps applied sequentially to a source of data (see Figure 1.1 ). The outcome of the business analytic process must relate to business and seek to improve business performance in some way.
Recognized globally as the standard of business analysis, it guides business professionals within the six core knowledge areas, describing the skills, deliverables, and techniques that business analysis professionals require to achieve better business outcomes.
This article uses both conventional and qualitative research methods to examine the expanding body of work on business analytics (BA).In this paper, an attempt is being made to review several viewpoints on how business analytics is defined and how it relates to business intelligence.
17 Φεβ 2021 · This document provides an introduction to business analytics. It defines business analytics as combining data, information technology, statistical analysis, quantitative methods, and computer-based models to provide decision makers with information and scenarios to make well-researched decisions.
According to Wikipedia, ”Business analytics refers to the skills, technolo-gies, practices for continuous iterative exploration and investigation of past business performance to gain insight and drive business planning.”. In short, BA is a rational, fact-based approach to decision making.
Business analysis supports decision-making related to action plans for implementation and improvements. It is necessary to be aware that, in business analysis, the goal is always to produce value and to understand how this value is produced for your client, enhancing it.
