What is Business Analysis? | Role of Business Analyst in SDLC | Techcanvass
In this video, we'll guide you through What a is Business Analysis? What does a business analyst do, and what the business analysis process is. Watch the Full Business Analyst Tutorial video to learn more about Business Analysis.
00:00 Introduction
00:18 Example of what is Business Analysis
01:28 Business Analysis Process
02:57 What is Business Analysis?
05:30 Business Analyst Role
Entry Level Business Analyst Training: https://bit.ly/3GNdQRw
👉What is Business Analysis?
Business analysis is the process of identifying and solving business problems. It involves understanding the current state of a business, defining the desired future state, and developing a plan to bridge the gap between the two.
In the case study you provided, the company was facing the problem of low profitability due to high commission fees charged by e-commerce portals. The business analysis team identified the solution of launching their own e-commerce portal. They then developed a plan to implement this solution, which included hiring an IT company to develop the software.
👉The business analysts played a key role in this process by:
*Eliciting requirements from stakeholders to understand the needs of the business.
*Analyzing requirements to ensure that they are clear, complete, and achievable.
*Documenting requirements in a way that is easy to understand and use.
*Coordinating with stakeholders throughout the project to ensure that everyone is on the same page.
*Testing the software to make sure that it meets the needs of the business.
As a result of the business analysis team's work, the company was able to successfully launch its own e-commerce portal and improve its profitability.
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