Business Analysis - What every beginner should know

Business Analysis is all about how organisations identify business needs and solve problems. For beginners understanding the foundation of Business Analysis id important. Business Analysis is the bridge between stakeholders and technical teams. This gap is being covered by Business Analyst. BA understand the stakeholders needs & ensures that solutions delivered by the organisation has met . BA acts as the middle-man betweeen the stakeholders and technical teams. Business Analysis mainly focused on understanding how business operates, identifying the improvements to increase the profits. As a part of improvising the solutions may include software development, organisational changes or new policies. For Example there is a company doing food business, selling its products through multiple physical retail stores. Also, available on amazon, bigbasket. As we know these e-commerce portals charges high. Food products low margins and high volume. These e-commerce portals are affecting the profit. So this will be solve by the team consists of Project Manager, Business Analyst, QA & the developing team. So the board discussed and come to a conclusion to increase the profit and allows to grow and launch new products i,e " creating a e-commerce portal". In this project every member plays an important role. Business Analyst will understand the problems and gather the requirements. After documenting , ceating diagrams, mockups. development will do the coding part. through out this project Business Analyst will update everything to the stakeholders as well as the technical team if there are any changes. Business analyst will use different methods to gather requirements.BA 's works very closely with designers. So BA's involvement will continue till the solution is successfully delivered and accepted by the stakeholders. Its not all about the IT solution. Based on the problem IT solution or Non-IT solution will be suggested. In today's business world, organizations want digital transformation, as they believe digital initiatives deliver real value and solve actual business problems rather than becoming unnecessary investments. Business Analysis has become essential in modern organizations for several reasons: reduces project failures by identifying the problems early. Helps in decision-making through data and structured analysis. Based on the project oraganisations use different methodologies like Waterfall, Agile.... . Business Analysis supports the innovation and adapts the business to new technologies.Modern Business Analysts work in Agile, here requirements can be changed frequently and solutions can be built in short sprints. Based on the stakeholders feedback they can change frequently. Whereas, in Waterfall the flow is fixed. Once the requirements are confirmed can't be changed. its a bit old method , mostly it is used for big projects. The future of business analysis will be bright with increasing digital transformation, AI, Data-driven projects. Companies also need people who can translate complex information into meaningful business decisions. Also the Business Analysis is not only for IT. there are various specializations: Irrespective of the department Business Analyst plays a crucial role. IT Business Analyst - works with software development. Product Analyst - supports product development and user research. Process Analyst - focuses on improving business processes. Data Analyst - works with data insights. System Analyst - analyzes system-level requirements.