Business Analysis

The term business analysis in English refers to those techniques, tasks, and activities that must be practised together to achieve benefit for the facility, by identifying the needs and how the facility operates.

Business analysis must also be comprehensive of its policies and activities, with the need to provide radical solutions and recommendations to advance the organization and achieve goals and make them realistic. Thus, it is a matter of placing business requirements and needs under the microscope of study to reach effective solutions if expected and unexpected problems arise during the work.

Business analysis techniques help employers determine the products they must provide to provide benefits and benefits to stakeholders outside the facility. The analysis includes coming up with a clear business plan that includes goals, solutions, activities, organizational units, and how the interaction process should be between the parties to the production process. ¹

According to the International Institute of Business Analysis, business analysis is a practice aimed at motivating enterprises and organizations to keep pace with changes, by placing recommendations and solutions in the hands of decision-makers to ensure the greatest benefit to stakeholders.

The business analyst is responsible for monitoring the weak points represented by poor processes and activities, and old business policies, renewing them all, replacing them in line with contemporary work methods, and focusing on the strengths so that they all work in meeting the client’s requirements, whether at the level of services or products. ²

How to do business analysis

-       Making developments, improvements and changes to strategic plans and organizational structures.

-       Putting various systems, strategies and work plans under test, examination and verification.

-       Creating new solutions and ideas that help bring about the required change and get rid of the problems that stand in the way of developing the organization.

-       Highlighting organizational structures and studying them closely to develop them in line with the requirements and needs of employees.

-       Ensuring that needs are met by redesigning operations and keeping pace with new useful trends.

-       Focus on the effectiveness of the existing information systems in the facility, to verify the efficiency of the technology used in achieving the desired goals. ³

The importance of business analysis

-      Increasing the rate of return on investment (ROI), thus achieving a higher rate of revenue for various investment methods.

-       Reducing the cost of projects to be implemented, by carefully monitoring the real and correct requirements

-       Making the decision-making process easier and faster.

-       Choosing the optimal decision and the most correct solution in conjunction with low cost and increased benefits.⁴

-       Business development by analyzing business needs and requirements.

-          Highlight the real value, so that the business analyst provides the optimal decision and the ideal environment for stakeholders and investors away from draining time and effort.

-   Giving the company a very strong framework, through developing and increasing investments automatically as the company’s strength increases in the markets and in the competitive environment in which it operates.

: References

      1.        What is Business Analysis? .1 ، من موقع: www.pestleanalysis.com

      2.        WHAT IS BUSINESS ANALYSIS? .2، من موقع: www.batimes.com

      3.        What Is Business Analysis، من موقع: www.online.seu.edu

     4.        Importance of Business Analysis، من موقع: www.bigclasses.com