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Business Analytics Techniques Guide | PDF | Analytics | Cognition
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Business Analytics Techniques Guide

The document discusses the roles of business analysts, including improving processes, solving problems, finding efficiencies, and conducting competitor and performance analyses. It explains that business analysts are described as the best communicators because they share their expertise across an organization. The key skills needed for business analysts are Excel proficiency, strong communication skills, and knowledge of BI software.

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Carl Dhaniel Garcia Salen
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52 views2 pages

Business Analytics Techniques Guide

The document discusses the roles of business analysts, including improving processes, solving problems, finding efficiencies, and conducting competitor and performance analyses. It explains that business analysts are described as the best communicators because they share their expertise across an organization. The key skills needed for business analysts are Excel proficiency, strong communication skills, and knowledge of BI software.

Uploaded by

Carl Dhaniel Garcia Salen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Salen, Carl Dhaniel G.

4A8

1. What are the different analytics techniques in BA? Group according to categories or
phases of BA.
- Descriptive - Predictive
- Historical Analysis - Time Series Analysis
- Variance Analysis - Regression Analysis
- Trend Analysis - Decision Tree Analysis
- Diagnostic - Prescriptive
- Comparative Analysis - Machine Learning
- Value-based Analysis - AI or Natural Language
- Correlation Analysis Processing

2. Differentiate analysis with analytics, give example.

- Analysis is a retrospective investigation of why something happened whereas analytics


is more of a prospective model based on past and current data that is used to help make
business decisions.
- An example of analysis is when you use actual data to describe the performance of a
company during the year. An example of analytics, on the other hand, is when you find
trends using data on hand to create expectations/predictions about future performance.

3. Based on the video shared with you what roles do Business Analysts play in the business
world?

- Business analysts are dynamic. As such, they have varying roles to play in the business
world. This includes, but are not limited to, the following:
- Improving processes and systems
- Solving business problems
- Looking for savings and efficiencies
- Focusing on business development
- Performance analysis
- Competitor analysis
4. Explain why a business analyst is described as “The Best Communicator” based on the
video.

- They are described as “the best communicators” in the workplace because they are
always ready to lend their various business expertise across the organization.

5. In which particular divisions does a business analyst fit in a company? What role do they
play in any of these divisions?

- BAs may be assigned to a company’s Sales, Supply Chain, or Administrative division


where they conduct data-driven research, create dashboards and other BI tools among
others.

6. What are the key skills a person needs to possess to become a BA based on the research
conducted?

- Business Analysts are required to have the following skills:


- Excel proficiency
- Strong communication skills; and
- BI software knowledge

7. What is data visualization?

- Data Visualization is

8. After data visualization, what is the next step an analyst will do in the process?

- ASD

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