ACC24 STRATEGIC BUSINESS ANALYSIS
MODULE 1 (Individual Assignment)
1. What is Business Analysis?
Business analysis is a complex work that identifies market needs but also solves
operational issues. It is a composite of acquiring data-based insights utilizing
various skills and carrying out tasks to define a customers' demands.
2.Why is business analysis important in the context of business?
Business analysis is utilized to recognize and express the demand for strategic
development, as well as to accommodate that modification. As industry experts,
we determine and develop strategies that increase an institution's worth to its
stakeholders.
3. Why is an understanding of specific techniques important in business analysis?
Business analysis methods are crucial seeing as they aid in the development and
optimization of strategies that produce beneficial results for an institution. Such
analysis strategies are employed over the project's life cycle to identify potential
issues and possibilities.
4. What does a Business Analyst do?
Business analysts recommend changes in order to boost productivity and boost
workflows. They frequently collaborate to others from various of the company's
levels to interact their observations and assist add features. They also assess
historic and current corporate data also with main objective of enhancing
organizational choice methods.
5. Why are Business Analysts considered agents of change?
They are frequently referred to as agents of change because they play a
significant role in leading organizations in the steps needed to discover
advancements and modify their facilities for constructing an entity.
6. What is the difference between Business Analysis and Business Analytics?
The goal of business analytics is to examine previous organizational
effectiveness as well as better anticipate operational efficiency using reports and
data. Business analysis, in contrast, concentrates on operational processes,
evaluating operational requirements and solving complex.
7. Enumerate the aims of business analysis and business analytics?
8. Differentiate Business Analysis, Business Intelligence, Business Analytics, Data
Analysis, Data Analytics, and Data Science.
Business analysis is utilized to recognize and convey the demand for
organizational change, as well as to expedite that alteration.To assist
organizations in making so much information choices, business intelligence
integrates business analytics, information retrieval, visual analytics, analysis
tools and facilities, and benchmarks. Business analytics focuses on skills,
techniques, and procedures for iteratively exploring and investigating past
operational efficiency in order to gain data but rather create economic prepping.
The method of systematically employing statistical and/or logical methods to
classify and exemplify, encapsulate and recapitulate, and analyze information is
known as data analysis. Data analytics is the process of evaluating statistical
models to discover patterns and make inferences about the data held within
them. Data science is the practice of retrieving relevant data information using
advanced algorithms and scientific methods for corporate decision, strategies,
and other purposes.
9. Why use business analysis?
The use of business analysis is essential in any business organizations because
of the fact that from the information they gather, it helps them pinpoint all threats
and issues, as well as implementing efficient alternatives and unceasingly
tracking the outcomes.
10.What is the project in the video under learning content section 1.4?
The task described there in video entails collaborating with the technical team to
increase efficiency and effectiveness by acknowledging strategic goals, collecting
specifications, conferences, assembling responses, meetings, and transcripts.
11.What should a business analyst ensure?
Communicating is really essential to every business analyst because it is part of
their job. They gather plenty of information to people. That is why they should
ensure their confidence to do their job more efficient.
INPUT PROCESS OUTPUT
1. Profile of the Evaluation of 1. Identified the
respondents: students factors affecting
a) sex; profile . program preference
b) age; of the respondents.
c) year level? Settlement of
the students 2. Action plans in
2. What are the program assisting future
factors that affect the preference. Accountancy
program preferences students.
of BSA students in Estimation of
terms of: students profile 3. Career Program
2.1 personal and its for Bachelor of
interest factors, difference to Science in
2.2 financial their program Accountancy.
capabilities preference.
factors,
2.3 career Data Gathering
opportunities through Survey
factors, Questionnaire
2.4 family / using the online
friends / platform.
relatives
factors, and Collected
2.5 media / findings will be
public analyzed and
information Interpreted.
factors
Accountants - This study will facilitate them to recognize the relevance of
keeping their careers moving into the direction of these businesses and inform
one of the most significant changes to come from this conflict.
