The document provides an overview of the origins and development of business analysis. It discusses how business analysis has evolved from early calculation tools and mapping processes to its modern form, which involves identifying business requirements, developing strategies, and implementing solutions to help businesses achieve their objectives. The document outlines the key topics that will be covered, including the rationale for business analysis, business strategy analysis techniques like SWOT, and the responsibilities and competencies of business analysts.
Business analysis has evolved over the last few decades from a technical role focused on system development into a core business function. It involves identifying business needs, problems, and opportunities in order to recommend relevant solutions. The field became prominent as businesses increasingly relied on technology but lacked experience planning IT projects. This led to costly, unusable systems. Business analysts bridge the gap between technical and business perspectives to define requirements that deliver value. The profession continues growing with demand for skills in process improvement, change management, and strategic planning.
The document provides guidance on developing an effective business plan, outlining 12 key sections to include such as the executive summary, market opportunity, products/technology, competition, marketing strategy, management team, financials, and exit strategy. It emphasizes that the business plan should clearly explain the problem being solved, the solution, market potential, and management capabilities in order to attract investors. The business plan is a critical tool to formally outline the company's goals and assess risks.
This document discusses tools and processes for innovation and entrepreneurship. It provides an outline for a business plan, including sections on marketing, production, management, and finances. Key points covered include brainstorming techniques for generating ideas, screening ideas through macro and micro analysis, using SWOT to evaluate remaining ideas, and standard components of a business plan like executive summary, products/services, market analysis, operations, and financial projections. The document emphasizes that planning is an ongoing process, not just a static plan, and outlines best practices for an effective business plan.
In this presentation you will get to know how practice of “Analyzing Business, Identifying Problems and Opportunities and providing Solutions” that will benefit business.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit:
http://www.welingkaronline.org/distance-learning/online-mba.html
BUSINESS ANALYTICS, BACKBONE OF ORGANIZATIONS - A LITERATURE REVIEW.pdfAdheer A. Goyal
Business analytics is the process by which businesses use statistical methods and technologies based on historical data in order to attain organizational goals and make profit. Analytics are now regularly used in multiple areas of life. It should come as no surprise that business analytics is one of the fastest growing markets in enterprise software landscape. This article discusses about history and terminology of analytics. There is also a brief discussion about how business analytics gives opportunities not only to large scale and multinational companies but also to small and medium enterprises. In this conceptual paper major types of business analytics i.e., decision analytics, descriptive analytics, predictive analytics and prescriptive analytics are included. We also noted how business analytics can help you in supply chain management, analyze the key performance indicators which further helps in decision making, boost relationship with consumers and improve efficiency in the basis of product data. Then it consists of brief description about advantages and disadvantages of business analytics, difference between business analytics and business intelligence. This paper concludes with challenges in business analytics posed by the big data analytics, data scientists, business organization etc. and thoroughly researched the impact of business analytics on innovation.
The document outlines the 8 key steps in the entrepreneurial process:
1) Identifying business opportunities
2) Evaluating opportunities
3) Selecting the best opportunity
4) Deciding on a location
5) Developing a business plan
6) Determining required resources
7) Managing the enterprise
8) Periodically reviewing performance
It emphasizes the importance of developing a thorough business plan that covers aspects like marketing, management, finances, and operations to help secure funding and guide the business.
To define a sustainable business plan and demonstrate its value
To describe the benefits of a business plan
To set forth the viewpoints of those who read a business plan
To understand the mind-set of your five-minute reader
To see a complete outline of an effective business plan
To present some helpful hints for writing an effective business plan
To highlight points to remember in the presentation of a business plan
To underline some of the contrarian viewpoints on the importance of a business plan
The document provides an overview of business analysis fundamentals and concepts. It introduces Giancarlo Duranti as an expert in business analysis and project management. It then discusses key business analysis topics including:
- Definitions of business analysis from PMI and other sources
- The value and benefits business analysis provides to organizations, projects, and stakeholders
- The role of the business analyst and how it interacts with other roles like project manager
- Business analysis processes and techniques for determining requirements
Business analysis has evolved over the last few decades from a technical role focused on system development into a core business function. It involves identifying business needs, problems, and opportunities in order to recommend relevant solutions. The field became prominent as businesses increasingly relied on technology but lacked experience planning IT projects. This led to costly, unusable systems. Business analysts bridge the gap between technical and business perspectives to define requirements that deliver value. The profession continues growing with demand for skills in process improvement, change management, and strategic planning.
The document provides guidance on developing an effective business plan, outlining 12 key sections to include such as the executive summary, market opportunity, products/technology, competition, marketing strategy, management team, financials, and exit strategy. It emphasizes that the business plan should clearly explain the problem being solved, the solution, market potential, and management capabilities in order to attract investors. The business plan is a critical tool to formally outline the company's goals and assess risks.
This document discusses tools and processes for innovation and entrepreneurship. It provides an outline for a business plan, including sections on marketing, production, management, and finances. Key points covered include brainstorming techniques for generating ideas, screening ideas through macro and micro analysis, using SWOT to evaluate remaining ideas, and standard components of a business plan like executive summary, products/services, market analysis, operations, and financial projections. The document emphasizes that planning is an ongoing process, not just a static plan, and outlines best practices for an effective business plan.
In this presentation you will get to know how practice of “Analyzing Business, Identifying Problems and Opportunities and providing Solutions” that will benefit business.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit:
http://www.welingkaronline.org/distance-learning/online-mba.html
BUSINESS ANALYTICS, BACKBONE OF ORGANIZATIONS - A LITERATURE REVIEW.pdfAdheer A. Goyal
Business analytics is the process by which businesses use statistical methods and technologies based on historical data in order to attain organizational goals and make profit. Analytics are now regularly used in multiple areas of life. It should come as no surprise that business analytics is one of the fastest growing markets in enterprise software landscape. This article discusses about history and terminology of analytics. There is also a brief discussion about how business analytics gives opportunities not only to large scale and multinational companies but also to small and medium enterprises. In this conceptual paper major types of business analytics i.e., decision analytics, descriptive analytics, predictive analytics and prescriptive analytics are included. We also noted how business analytics can help you in supply chain management, analyze the key performance indicators which further helps in decision making, boost relationship with consumers and improve efficiency in the basis of product data. Then it consists of brief description about advantages and disadvantages of business analytics, difference between business analytics and business intelligence. This paper concludes with challenges in business analytics posed by the big data analytics, data scientists, business organization etc. and thoroughly researched the impact of business analytics on innovation.
The document outlines the 8 key steps in the entrepreneurial process:
1) Identifying business opportunities
2) Evaluating opportunities
3) Selecting the best opportunity
4) Deciding on a location
5) Developing a business plan
6) Determining required resources
7) Managing the enterprise
8) Periodically reviewing performance
It emphasizes the importance of developing a thorough business plan that covers aspects like marketing, management, finances, and operations to help secure funding and guide the business.
To define a sustainable business plan and demonstrate its value
To describe the benefits of a business plan
To set forth the viewpoints of those who read a business plan
To understand the mind-set of your five-minute reader
To see a complete outline of an effective business plan
To present some helpful hints for writing an effective business plan
To highlight points to remember in the presentation of a business plan
To underline some of the contrarian viewpoints on the importance of a business plan
The document provides an overview of business analysis fundamentals and concepts. It introduces Giancarlo Duranti as an expert in business analysis and project management. It then discusses key business analysis topics including:
- Definitions of business analysis from PMI and other sources
- The value and benefits business analysis provides to organizations, projects, and stakeholders
- The role of the business analyst and how it interacts with other roles like project manager
- Business analysis processes and techniques for determining requirements
The document discusses business feasibility studies, which analyze the viability of business concepts. It explains that feasibility studies are important tools that use market research and analysis to provide stakeholders clear evidence on whether an idea is viable. Only 1-2% of new business ideas are actually viable, so feasibility studies help avoid wasting resources. If a study deems an idea feasible, a full business plan can be developed. The document also compares pre-feasibility studies, business feasibility studies, and project feasibility studies, noting their different emphases based on the final product or project being analyzed.
The document discusses operational excellence and strategies for achieving it. It outlines three principles of strategy: making difficult choices with limited information, starting to act even without being entirely sure, and learning and modifying plans through trial and error. It also discusses differentiating strategies and cases where companies succeeded by focusing on innovation, customer intimacy, or operational efficiency rather than copying competitors. The document provides examples of how implementing processes like six sigma, business process reengineering, and lean methodology can help companies achieve operational excellence through benefits like reduced costs, improved productivity, quality and customer satisfaction.
What is business analysis?
Who is a business analyst?
Business analyst skills
Business analyst job titles
Business analyst is a business doctor
Business analyst versus business consultant
Business analysis knowledge areas:
Enterprise analysis
Business analysis planning and monitoring
Elicitation
Requirement Management and Communication
Requirement analysis
Solution assessment and validation
Most popular business analysis techniques:
MOST
Business Process Modelling (BPM)
PESTLE
SWOT
MoSCoW
CATWOE
THE 5 WHYS (ROOT CAUSE ANALYSIS)
6 THINKING HATS
MIND MAPPING
PORTER’S 5 FORCES
Developing a Viable Business Proposal and ModelJamiu Akangbe
This document provides an overview of developing a business plan and model. It discusses that a business plan outlines goals and plans to achieve them, while a business model is how the business will be structured. The key components of an effective business plan include an executive summary, company description, market analysis, management team, product description, marketing plan, and financial plan. An effective business model contains nine components: value propositions, customer segments, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structure. The document also outlines the process of designing a business model which involves evaluating ideas, navigating the environment, developing and testing initial models, and modifying models based on feedback.
How to Introduce Operational Excellence in your Organisation?Tina Arora
This presentation will help you present to the management the need and benefits of introducing Operational Excellence as a department in your Organisation.
It can be modified to suit the advocacy in any industry - be it Financial services, BPO, LPO, KPO, Domestic call centres, Manufacturing, Consumer Goods, Retail, etc.
The document discusses aligning a business process strategy with enterprise goals. It emphasizes defining the business model, value propositions for customers, and key business processes. A business process strategy should link processes, customer value, and shareholder objectives through a strategy map and balanced scorecard. Metrics should track goals from the perspectives of shareholders, customers, and business processes. Developing this alignment through deliverables like a strategy map is important before implementing new technology like BPM solutions to ensure the investment pays off and meets enterprise objectives.
The document discusses the key concepts and elements of an effective business plan. It explains that a business plan is a written roadmap that outlines where a business currently is, where it wants to be in the future, and how it plans to get there. The business plan should convince readers that the business idea is exciting and worth supporting by demonstrating feasibility, clearly outlining costs and benefits, and answering basic questions about what, how, when, and where the business will operate. An effective business plan addresses the needs of both internal employees and external investors and stakeholders.
This document provides information on developing a business plan and conducting a feasibility study. It discusses that a business plan is a formal statement of business goals and a plan to reach those goals. It also describes the different types of business plans and what they typically focus on. The document then outlines the key components that should be included in a business plan, such as an executive summary, project background, management details, production information, financial projections, and an implementation timeline. Finally, it explains that a feasibility study is important to reduce risks and should address factors like market demand, competitors, production needs, and projected costs and profits before committing to a business plan.
One of the first things to consider when starting a new project are the benefits of the proposed business change and communicating same to the business process owner.
If you don’t know them, there is definitely no hope for approval.
This document discusses business models, prototypes, business plans, and mega projects. It provides information on different types of business models through history. It defines key aspects of business models and plans such as value propositions and financial statements. It describes different types of prototypes and their benefits. Mega projects are large planned works that require time - examples given include starting a restaurant, online business, or local service. Guidance is provided on requirements for projects and those who can help, like chambers of commerce.
The document provides guidelines for a business project that requires students to develop a business plan and presentation for a new business idea. Students must conduct feasibility analysis interviews, complete a first screen analysis of the idea, and write a 3500-word business plan following an outlined structure. This includes sections on industry analysis, company description, market analysis, economics, marketing plan, operations plan, management team, schedule, and financial projections. Students will submit their written business plan and presentation slides and present their idea to receive a grade based on their knowledge of concepts and writing skills.
Entrepreneurship Subject for Senior High School Students;
ABM Strand; This chapter talks about the Planning of the Enterprise specifically the Making of Business Plan and highlighted explanation each section of the Business Plan.
The document outlines the key components and considerations for writing an effective business plan, including conducting environmental, industry, and market analyses; describing the business venture, operations, marketing strategy, organizational structure, and financial projections. It emphasizes that an effective plan addresses potential risks, clearly identifies goals and metrics, demonstrates customer needs, and requires commitment from experienced entrepreneurs to avoid common reasons for business plan failures.
This Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Strategy Consultants, after more than 3,000 hours of work. It is considered the world's best & most comprehensive Strategy Toolkit. It includes all the Frameworks, Analysis Tools & Document Templates required to excel in a Strategy position and define & implement a winning Strategy for your organization. This Slideshare presentation is only a small sample of our Toolkit. You can download the entire Toolkit at www.slidebooks.com
The document outlines the key steps to writing an effective business plan: 1) Determine your audience and type of funding, 2) Create an outline, 3) Conduct research on the industry, customers, competitors, etc., 4) Organize research into files corresponding to plan sections, 5) Write an industry overview, 6) Analyze research findings, 7) Develop financial projections, 8) Write the executive summary last, and 9) Review and edit the full plan thoroughly. Following this process and including all relevant details for the intended audience will help ensure a successful, well-written business plan.
The document provides guidance on developing a successful business plan by outlining the key components and steps involved. It discusses identifying a viable business opportunity through environmental scanning and evaluating opportunities. Generating a business idea is covered, including types of ideas. Developing the functional plans for marketing, operations, finance and organization is also outlined. The document stresses the importance of assessing risks and having an exit strategy. It recommends including standard sections like the executive summary, product/service description, funding needs, management team, and financial projections in the final business plan report.
The document provides guidance on developing a business plan. It defines a business plan and outlines its key components, including an executive summary, description of the product/service, market analysis, marketing strategy, organizational structure, and financial projections. An effective business plan clearly conveys customer value, market size and growth potential, and feasibility while addressing competition and risks. Developing a business plan requires thorough research and forces disciplined thinking about transforming a business idea into a viable enterprise.
* What is Business Analysis?
* Who is a Business Analyst?
* The reasons to become a Business Analyst
* The principles of Business Analysis
* Business Analyst’s role
* S.W.O.T and M.O.S.T Analysis
* Requirements of being Business Analyst
* Business Analysts’ work
* Business Analysts’ workplaces
* Difference between Data Scientist and a Business Analyst
* Analysis work
Chapter 5 conducting a feasibility analysis and crafting a winning business planSAITO College Sdn Bhd
1) The document discusses conducting a feasibility analysis, which determines the viability of a business idea through analyzing industry, market, product, and financial feasibility.
2) It outlines the key elements of a feasibility analysis including Porter's Five Forces model and methods for product feasibility like primary and secondary research.
3) The last part discusses developing a business plan, which communicates the operational and financial details of a business idea, to obtain funding from lenders or investors based on the "Five C's of Credit".
Strategic management involves three key phases: formulation, implementation, and evaluation. In the formulation phase, companies develop strategic plans by analyzing their strengths, weaknesses, opportunities, and threats. They also examine their mission, past strategies, and performance. In the implementation phase, companies execute their strategic plans. In the evaluation phase, they continuously monitor progress and make adjustments based on changes in the internal and external environment.
Analysis insight about a Flyball dog competition team's performanceroli9797
Insight of my analysis about a Flyball dog competition team's last year performance. Find more: https://github.com/rolandnagy-ds/flyball_race_analysis/tree/main
The document discusses business feasibility studies, which analyze the viability of business concepts. It explains that feasibility studies are important tools that use market research and analysis to provide stakeholders clear evidence on whether an idea is viable. Only 1-2% of new business ideas are actually viable, so feasibility studies help avoid wasting resources. If a study deems an idea feasible, a full business plan can be developed. The document also compares pre-feasibility studies, business feasibility studies, and project feasibility studies, noting their different emphases based on the final product or project being analyzed.
The document discusses operational excellence and strategies for achieving it. It outlines three principles of strategy: making difficult choices with limited information, starting to act even without being entirely sure, and learning and modifying plans through trial and error. It also discusses differentiating strategies and cases where companies succeeded by focusing on innovation, customer intimacy, or operational efficiency rather than copying competitors. The document provides examples of how implementing processes like six sigma, business process reengineering, and lean methodology can help companies achieve operational excellence through benefits like reduced costs, improved productivity, quality and customer satisfaction.
What is business analysis?
Who is a business analyst?
Business analyst skills
Business analyst job titles
Business analyst is a business doctor
Business analyst versus business consultant
Business analysis knowledge areas:
Enterprise analysis
Business analysis planning and monitoring
Elicitation
Requirement Management and Communication
Requirement analysis
Solution assessment and validation
Most popular business analysis techniques:
MOST
Business Process Modelling (BPM)
PESTLE
SWOT
MoSCoW
CATWOE
THE 5 WHYS (ROOT CAUSE ANALYSIS)
6 THINKING HATS
MIND MAPPING
PORTER’S 5 FORCES
Developing a Viable Business Proposal and ModelJamiu Akangbe
This document provides an overview of developing a business plan and model. It discusses that a business plan outlines goals and plans to achieve them, while a business model is how the business will be structured. The key components of an effective business plan include an executive summary, company description, market analysis, management team, product description, marketing plan, and financial plan. An effective business model contains nine components: value propositions, customer segments, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structure. The document also outlines the process of designing a business model which involves evaluating ideas, navigating the environment, developing and testing initial models, and modifying models based on feedback.
How to Introduce Operational Excellence in your Organisation?Tina Arora
This presentation will help you present to the management the need and benefits of introducing Operational Excellence as a department in your Organisation.
It can be modified to suit the advocacy in any industry - be it Financial services, BPO, LPO, KPO, Domestic call centres, Manufacturing, Consumer Goods, Retail, etc.
The document discusses aligning a business process strategy with enterprise goals. It emphasizes defining the business model, value propositions for customers, and key business processes. A business process strategy should link processes, customer value, and shareholder objectives through a strategy map and balanced scorecard. Metrics should track goals from the perspectives of shareholders, customers, and business processes. Developing this alignment through deliverables like a strategy map is important before implementing new technology like BPM solutions to ensure the investment pays off and meets enterprise objectives.
The document discusses the key concepts and elements of an effective business plan. It explains that a business plan is a written roadmap that outlines where a business currently is, where it wants to be in the future, and how it plans to get there. The business plan should convince readers that the business idea is exciting and worth supporting by demonstrating feasibility, clearly outlining costs and benefits, and answering basic questions about what, how, when, and where the business will operate. An effective business plan addresses the needs of both internal employees and external investors and stakeholders.
This document provides information on developing a business plan and conducting a feasibility study. It discusses that a business plan is a formal statement of business goals and a plan to reach those goals. It also describes the different types of business plans and what they typically focus on. The document then outlines the key components that should be included in a business plan, such as an executive summary, project background, management details, production information, financial projections, and an implementation timeline. Finally, it explains that a feasibility study is important to reduce risks and should address factors like market demand, competitors, production needs, and projected costs and profits before committing to a business plan.
One of the first things to consider when starting a new project are the benefits of the proposed business change and communicating same to the business process owner.
If you don’t know them, there is definitely no hope for approval.
This document discusses business models, prototypes, business plans, and mega projects. It provides information on different types of business models through history. It defines key aspects of business models and plans such as value propositions and financial statements. It describes different types of prototypes and their benefits. Mega projects are large planned works that require time - examples given include starting a restaurant, online business, or local service. Guidance is provided on requirements for projects and those who can help, like chambers of commerce.
The document provides guidelines for a business project that requires students to develop a business plan and presentation for a new business idea. Students must conduct feasibility analysis interviews, complete a first screen analysis of the idea, and write a 3500-word business plan following an outlined structure. This includes sections on industry analysis, company description, market analysis, economics, marketing plan, operations plan, management team, schedule, and financial projections. Students will submit their written business plan and presentation slides and present their idea to receive a grade based on their knowledge of concepts and writing skills.
Entrepreneurship Subject for Senior High School Students;
ABM Strand; This chapter talks about the Planning of the Enterprise specifically the Making of Business Plan and highlighted explanation each section of the Business Plan.
The document outlines the key components and considerations for writing an effective business plan, including conducting environmental, industry, and market analyses; describing the business venture, operations, marketing strategy, organizational structure, and financial projections. It emphasizes that an effective plan addresses potential risks, clearly identifies goals and metrics, demonstrates customer needs, and requires commitment from experienced entrepreneurs to avoid common reasons for business plan failures.
This Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Strategy Consultants, after more than 3,000 hours of work. It is considered the world's best & most comprehensive Strategy Toolkit. It includes all the Frameworks, Analysis Tools & Document Templates required to excel in a Strategy position and define & implement a winning Strategy for your organization. This Slideshare presentation is only a small sample of our Toolkit. You can download the entire Toolkit at www.slidebooks.com
The document outlines the key steps to writing an effective business plan: 1) Determine your audience and type of funding, 2) Create an outline, 3) Conduct research on the industry, customers, competitors, etc., 4) Organize research into files corresponding to plan sections, 5) Write an industry overview, 6) Analyze research findings, 7) Develop financial projections, 8) Write the executive summary last, and 9) Review and edit the full plan thoroughly. Following this process and including all relevant details for the intended audience will help ensure a successful, well-written business plan.
The document provides guidance on developing a successful business plan by outlining the key components and steps involved. It discusses identifying a viable business opportunity through environmental scanning and evaluating opportunities. Generating a business idea is covered, including types of ideas. Developing the functional plans for marketing, operations, finance and organization is also outlined. The document stresses the importance of assessing risks and having an exit strategy. It recommends including standard sections like the executive summary, product/service description, funding needs, management team, and financial projections in the final business plan report.
The document provides guidance on developing a business plan. It defines a business plan and outlines its key components, including an executive summary, description of the product/service, market analysis, marketing strategy, organizational structure, and financial projections. An effective business plan clearly conveys customer value, market size and growth potential, and feasibility while addressing competition and risks. Developing a business plan requires thorough research and forces disciplined thinking about transforming a business idea into a viable enterprise.
* What is Business Analysis?
* Who is a Business Analyst?
* The reasons to become a Business Analyst
* The principles of Business Analysis
* Business Analyst’s role
* S.W.O.T and M.O.S.T Analysis
* Requirements of being Business Analyst
* Business Analysts’ work
* Business Analysts’ workplaces
* Difference between Data Scientist and a Business Analyst
* Analysis work
Chapter 5 conducting a feasibility analysis and crafting a winning business planSAITO College Sdn Bhd
1) The document discusses conducting a feasibility analysis, which determines the viability of a business idea through analyzing industry, market, product, and financial feasibility.
2) It outlines the key elements of a feasibility analysis including Porter's Five Forces model and methods for product feasibility like primary and secondary research.
3) The last part discusses developing a business plan, which communicates the operational and financial details of a business idea, to obtain funding from lenders or investors based on the "Five C's of Credit".
Strategic management involves three key phases: formulation, implementation, and evaluation. In the formulation phase, companies develop strategic plans by analyzing their strengths, weaknesses, opportunities, and threats. They also examine their mission, past strategies, and performance. In the implementation phase, companies execute their strategic plans. In the evaluation phase, they continuously monitor progress and make adjustments based on changes in the internal and external environment.
Analysis insight about a Flyball dog competition team's performanceroli9797
Insight of my analysis about a Flyball dog competition team's last year performance. Find more: https://github.com/rolandnagy-ds/flyball_race_analysis/tree/main
Natural Language Processing (NLP), RAG and its applications .pptxfkyes25
1. In the realm of Natural Language Processing (NLP), knowledge-intensive tasks such as question answering, fact verification, and open-domain dialogue generation require the integration of vast and up-to-date information. Traditional neural models, though powerful, struggle with encoding all necessary knowledge within their parameters, leading to limitations in generalization and scalability. The paper "Retrieval-Augmented Generation for Knowledge-Intensive NLP Tasks" introduces RAG (Retrieval-Augmented Generation), a novel framework that synergizes retrieval mechanisms with generative models, enhancing performance by dynamically incorporating external knowledge during inference.
4th Modern Marketing Reckoner by MMA Global India & Group M: 60+ experts on W...Social Samosa
The Modern Marketing Reckoner (MMR) is a comprehensive resource packed with POVs from 60+ industry leaders on how AI is transforming the 4 key pillars of marketing – product, place, price and promotions.
STATATHON: Unleashing the Power of Statistics in a 48-Hour Knowledge Extravag...sameer shah
"Join us for STATATHON, a dynamic 2-day event dedicated to exploring statistical knowledge and its real-world applications. From theory to practice, participants engage in intensive learning sessions, workshops, and challenges, fostering a deeper understanding of statistical methodologies and their significance in various fields."
06-04-2024 - NYC Tech Week - Discussion on Vector Databases, Unstructured Data and AI
Discussion on Vector Databases, Unstructured Data and AI
https://www.meetup.com/unstructured-data-meetup-new-york/
This meetup is for people working in unstructured data. Speakers will come present about related topics such as vector databases, LLMs, and managing data at scale. The intended audience of this group includes roles like machine learning engineers, data scientists, data engineers, software engineers, and PMs.This meetup was formerly Milvus Meetup, and is sponsored by Zilliz maintainers of Milvus.
State of Artificial intelligence Report 2023kuntobimo2016
Artificial intelligence (AI) is a multidisciplinary field of science and engineering whose goal is to create intelligent machines.
We believe that AI will be a force multiplier on technological progress in our increasingly digital, data-driven world. This is because everything around us today, ranging from culture to consumer products, is a product of intelligence.
The State of AI Report is now in its sixth year. Consider this report as a compilation of the most interesting things we’ve seen with a goal of triggering an informed conversation about the state of AI and its implication for the future.
We consider the following key dimensions in our report:
Research: Technology breakthroughs and their capabilities.
Industry: Areas of commercial application for AI and its business impact.
Politics: Regulation of AI, its economic implications and the evolving geopolitics of AI.
Safety: Identifying and mitigating catastrophic risks that highly-capable future AI systems could pose to us.
Predictions: What we believe will happen in the next 12 months and a 2022 performance review to keep us honest.
Beyond the Basics of A/B Tests: Highly Innovative Experimentation Tactics You...Aggregage
This webinar will explore cutting-edge, less familiar but powerful experimentation methodologies which address well-known limitations of standard A/B Testing. Designed for data and product leaders, this session aims to inspire the embrace of innovative approaches and provide insights into the frontiers of experimentation!
Global Situational Awareness of A.I. and where its headedvikram sood
You can see the future first in San Francisco.
Over the past year, the talk of the town has shifted from $10 billion compute clusters to $100 billion clusters to trillion-dollar clusters. Every six months another zero is added to the boardroom plans. Behind the scenes, there’s a fierce scramble to secure every power contract still available for the rest of the decade, every voltage transformer that can possibly be procured. American big business is gearing up to pour trillions of dollars into a long-unseen mobilization of American industrial might. By the end of the decade, American electricity production will have grown tens of percent; from the shale fields of Pennsylvania to the solar farms of Nevada, hundreds of millions of GPUs will hum.
The AGI race has begun. We are building machines that can think and reason. By 2025/26, these machines will outpace college graduates. By the end of the decade, they will be smarter than you or I; we will have superintelligence, in the true sense of the word. Along the way, national security forces not seen in half a century will be un-leashed, and before long, The Project will be on. If we’re lucky, we’ll be in an all-out race with the CCP; if we’re unlucky, an all-out war.
Everyone is now talking about AI, but few have the faintest glimmer of what is about to hit them. Nvidia analysts still think 2024 might be close to the peak. Mainstream pundits are stuck on the wilful blindness of “it’s just predicting the next word”. They see only hype and business-as-usual; at most they entertain another internet-scale technological change.
Before long, the world will wake up. But right now, there are perhaps a few hundred people, most of them in San Francisco and the AI labs, that have situational awareness. Through whatever peculiar forces of fate, I have found myself amongst them. A few years ago, these people were derided as crazy—but they trusted the trendlines, which allowed them to correctly predict the AI advances of the past few years. Whether these people are also right about the next few years remains to be seen. But these are very smart people—the smartest people I have ever met—and they are the ones building this technology. Perhaps they will be an odd footnote in history, or perhaps they will go down in history like Szilard and Oppenheimer and Teller. If they are seeing the future even close to correctly, we are in for a wild ride.
Let me tell you what we see.
ViewShift: Hassle-free Dynamic Policy Enforcement for Every Data LakeWalaa Eldin Moustafa
Dynamic policy enforcement is becoming an increasingly important topic in today’s world where data privacy and compliance is a top priority for companies, individuals, and regulators alike. In these slides, we discuss how LinkedIn implements a powerful dynamic policy enforcement engine, called ViewShift, and integrates it within its data lake. We show the query engine architecture and how catalog implementations can automatically route table resolutions to compliance-enforcing SQL views. Such views have a set of very interesting properties: (1) They are auto-generated from declarative data annotations. (2) They respect user-level consent and preferences (3) They are context-aware, encoding a different set of transformations for different use cases (4) They are portable; while the SQL logic is only implemented in one SQL dialect, it is accessible in all engines.
#SQL #Views #Privacy #Compliance #DataLake
2. 2
Syllabus
Introduction to business analysis, the rationale for business analysis, the
development of business analysis, the scope of business analysis, Business strategy
analysis, The strategic context, Strategic analysis techniques, SWOT analysis,
Implementing strategy. The responsibilities of a business analyst, The Business
Analysis Maturity Model, The competencies of a business analyst.
Business Analytics and Intelligence
3. 3
AIM:
To acquaint the students with fundamentals of business analytics and its importance in a business
through the application of various business analysis models.
Business Analytics and Intelligence
4. 4
Objectives:
1. To learn the fundamentals and origin of business analysis.
2. To explain the different business strategy applicable for sustainable business.
3. To equip students with responsibilities and competencies of a business analyst.
Business Analytics and Intelligence
5. 5
Learning Outcome :
At the end of the Chapter, Students are expected to:
1. Outline the rationale of business analysis and its development.
2. Develop a business strategy techniques and implement for betterment of the business.
3. Explain the key responsibilities of business analyst.
4. Recognize the competencies required for a business analyst.
Business Analytics and Intelligence
6. 6
Table of Content:
• Introduction of Business Analysis
• The Rationale of Business Analysis
• Development of business analysis
• Scope of Business Analysis
• Business Strategy Analysis
• The strategic context
• Strategy analysis techniques
• SWOT analysis
• Implementing Strategy
Business Analytics and Intelligence
• Responsibilities of Business Analyst
• The Business Analysis Maturity Model
• The Competencies of a Business Analyst
• Summary
• Self Assessment Questions
• Document Link
• Video Link
• E book Link
7. 7
Introduction of Business Analysis
Defined as a practice that is used to link diverse stakeholders in order to know a business’s
requirements, structure, policies, and operations to discover solutions which help the business to
achieve its preferred objectives.
Business analysis is considered to be a important role for any business. The solutions such as
identifying requirements of business, preparing appropriate documents, analyze the process and
change requirements of an organization for the development of the business.
Business Analytics and Intelligence
8. 8
A business can achieve its goals and objectives by leveraging business analysis in identifying
changes and implementing the same. The change can be strategic or structural. In some cases the
policies and procedure framework can be changed to increase the competency of the business in
the market.
The business analysis helps the organization to understand the current market situation and
improve their technical and strategic skills based on market requirement. This process helps them
to identify their position in the market as compared to their competitors.
Introduction of Business Analysis
Business Analytics and Intelligence
9. 9
Introduction of Business Analysis
Business Analytics and Intelligence
Facets to
Business
Analysis
Feasibility
Study
Risk
Assessment
&
Mitigation
New Business
Opportunities
Preparation
of Business
Case
10. 10
Importance of Business Analysis
Business Analytics and Intelligence
Require -
ments
• Start working with key stakeholders to articulate the vision of the business.
• Understands the psychology of all stakeholders of a business.
Define
Vision
• Conducting personal interviews and group discussions.
• Circulate questionnaires to collect opinion
• Document analysis and prototyping process to understand the existing system.
Role
• Bridging the gap between the development team and stakeholders to achieve the organization goal.
• Implementation and testing
• Foresee the change in the corporate strategy.
11. 11
Definition of Business Analysis
Business Analytics and Intelligence
DELIVER
Value for stakeholders
Achieves organization goals and
objectives
ENABLES
Change in the organization
Implements change for
improvement
BUSINESS ANALYSIS
Identifying needs of the business
Determining solutions for the
problems
12. 12
1. Increases ROI
2. Decreases cost
3. Tool for decision making
4. Provide cost effective solutions
5. Understand business requirements
6. Adopts real value approach
7. Framework for stakeholders
Rationale of Business Analysis
Business Analytics and Intelligence
13. 13
Rationale of Business Analysis
1. Business analysis helps to increase the return on investment for a business. The wealth and
image of any business depends on its efficiency to make higher return on investments. To
increase the ROI business needs to focus on All cost approach. The business analyst working
on increasing the ROI of an organization consider the Total cost of the business to calculate
the actual ROI. The analyst are expected to have the following efficiency to work on ROI.
Decision
Analytical
Technical
Communicatio
n
Problem
solving
Business Analytics and Intelligence
14. 14
Rationale of Business Analysis
2. The business analysis develops different strategies to decrease the cost involved in any
project taken by a company. The team works to understand the actual requirements and right
design is created to avoid unnecessary and repetition cost. The basic principle of business
analysis is to save money by reducing cost in all the projects of the business. The same
strategy is adopted for upcoming projects also.
3. The quick and convenient decision is made by the bsui8ness analyst. The stakeholders
involved in discussion are controlled by the business analysis using logical topics for
discussion for fast and strategic decision making.
Business Analytics and Intelligence
15. 15
Rationale of Business Analysis
4. Business analyst focus on developing cost effective methods to solve the problems and
challenges. The basic goal of business analyst is to decrease the cost and increase the ROI.
5. The growth and development of the business is the primary objective of any business
analyst. The requirements of the business are identified at all level and accordingly decisions
are made and implemented for successful completion. The business analysis leverages the
business with better environment and best decision.
6. The real value of the business is focused to achieve the requirements of the stakeholders.
The stakeholders invest money in business and expect growth of their investment in the
form of ROI. The real business value impacts the decision of the stakeholders.
Business Analytics and Intelligence
16. 16
Importance of Business Analysis
ROI
Time
Management
Efficiency
Management
Converts
complex into
simple solutions
Why Business Analysis?
Business Continuity
& Market Analysis
Analysing
future changes
Solutions for
business
problems
Building
strategies
Future Goal
analysis
Business Analytics and Intelligence
17. 17
Development of Business Analysis
Evolution
Till
1890’s
1900 to
1930’s
1940’s
1950’s
1960’s
1970’s
1980’s
1990’s
2000’s
Business Analytics and Intelligence
18. 18
Development of Business Analysis
Pre-History to 1890’s
Business Analytics and Intelligence
Calculation
Tools
Marked Sticks;
Concept of Zero;
Fraction
Abacus; Algebra;
calculus;
Logarithms
Mapping
Process &
Reengineering
Textile Looms;
Steam devices;
Mechanical water
Used for
accounting & taxes;
inventories;
navigation; clocks
1776 -
Identifying
steps in process
Invention of Punch
card used as
memory
1800 –
development of
concept of business
management
19. 19
Development of Business Analysis
1900 to 1930’s
• Development of physics, chemistry, mathematics and electronics invented radio, radar and
television.
• Binary computers were born during this period.
• 1906 Pareto principle was introduced. The principle is used in business analysis to find 20%
functionality which will provide 80% return.
• 1910 introduction of Harmonogram which we know them today as Gantt Charts.
• 1917 the principles of management was released by Henry Fayol.
• 1926 Henry Ford introduced the concept of Just in Time.
• 1937 the strategies for departmentalization was introduced.
Business Analytics and Intelligence
20. 20
Development of Business Analysis
1940’s
• New computer were introduced with valves.
• The new computers were used in aerodynamics, cryptology, trajectories etc.
• Management standards were introduced during worlds war II.
• Late 1940’s Information theory and cybernetics were introduced.
• The computers and other devices introduced during 1940’s were used in various disciplines
and industries.
• Higher version of programming languages and storage memory were invented for better
performance.
Business Analytics and Intelligence
21. 21
Development of Business Analysis
1950’s
• During 1950’s there were more than 100 computers in the world.
• 1951 first computer was put into use for business. This computer was used first time for
payroll processing.
• The delegation of authorities and spam of responsibilities were introduced during 1954.
• IBM introduced first matrix printer and Texas instruments during 1958.
• In 1958 the concept of Total Quality management came into existence.
• The PERT chart for supporting management was also invented during 1958.
• Software algorithms was released during 1958 which was in use for next 30 years.
Business Analytics and Intelligence
22. 22
Development of Business Analysis
Business Analytics and Intelligence
1960’s
• During 1960’s the Engineering was introduced as new discipline for software development.
• Computer language COBOL was introduced in 1961.
• In 1962 first computer game was released.
• In 1963 Mouse was invented. IN 1964 new generation computers were introduced.
• In 1968 full computer with graphics interface, word processing, full screen and mouse was
demonstrated.
• ARPANET was found in 1969 which is considered as forerunner of today’s internet.
• During this era lots of software crisis were found.
23. 23
Development of Business Analysis
1970’s
• In 1972 fourth generation computers were introduced in the market.
• The first 128 bytes RAM was introduced during 1970’s.
• Texas instruments released electronic calculators during 1971.
• 1=During 1972 Intel introduced microprocessor and released Ethernet in 1973.
• C programming language was launched during 1970’s.
• In mid 1970’s there emerged data warehouse and management information system.
• Quality management maturity grid was released during 1979 to measure the software
process maturity.
Business Analytics and Intelligence
24. 24
Development of Business Analysis
1980’s
• Apple computers were available in the market during 1983 and Microsoft windows in 1985.
• WWW was introduced during 1979.
• During this period business analyst understood the method of extracting data and also the
value of such information.
• Six sigma got introduced in 1986.
• ISO standards were introduced during 1987.
• 1988 was the period when spiral model was published.
• From 1989 onwards the term business intelligence got popularized
Business Analytics and Intelligence
25. 25
1990’s
• LINUX and Privacy encryption program was released in 1991.
• Explosive growth of internet during 1993.
• 1995 was the period when Microsoft released Windows 95. Yahoo and other search engines
were introduced during this period.
• Followed by introduction of Google in 1998.
• In 1997 Unified Modeling Language version 1.0 was released.
• XP widely known programming was introduced during 1999.
Development of Business Analysis
Business Analytics and Intelligence
26. 26
2000’s
• This is the era were number of dot.com crisis were experienced.
• Emergence of business process management systems influenced the growth and prominence of
BPM (Business Process Management).
• In 2001 Capability Maturity Model Integration was released and during 2002 Sarbanes –
Oxley Act was introduced for Investor protection.
• Henceforth the team consists of Business analysts, developers, testers and other functional
members from all departments.
• The team is solely responsible for functional peace life cycle.
Development of Business Analysis
Business Analytics and Intelligence
27. 27
Business Strategy Analysis
A strategy is an action plan followed by managers to achieve companies goal and objectives.
Moreover its considered as a roadmap which guides the company to articulate the path towards
their goal. Every business needs to understand what they are and where they want to reach. To
develop business strategy one must understand the vision, mission and value3s of an
organization.
The need for strategic analysis arises after gaining understanding of the following:
-Vision – Future goal
- Mission – who you are and how you want to reach your vision
- Values – the belief, ethics and values of your business.
Business Analytics and Intelligence
28. 28
Business Strategy Analysis
Business Analytics and Intelligence
A strategy analysis is adopted to understand the business environment and devise a strategy to
overcome the challenges and problems. In short strategic analysis is environment scanning. The
internal and external environment is studied to understand the futuristic approach for the
business.
Strategic analysis process involves the analysis of current strategies, forecasting the future
changes and making the business ready to face such changes and keep the solutions ready to
handle the problems.
29. 29
Business Strategy Analysis
External Environment
Current Strategies
Internal Environment
Goals and
Future Growth
Assess current strategies
Identify alternative
strategies and evaluation
Recommend the best
strategy
Business Analytics and Intelligence
30. 30
Business Strategy Analysis
Business Analytics and Intelligence
1. Analysis of current Strategies: The company need to perform environmental analysis for
their current strategies. Environmental analysis include both internal analysis and external
analysis. Internal environment analysis includes operational inefficiencies, financial crisis,
employee constraints. External environment analysis included political, market, economical
and consumer taste.
2. Effectiveness of existing strategies: the efficiency of current strategy is analysed to in the
given business environment. The business strategy should be aligned with organization
vision, mission and values. The strategy should determine its success and failure.
31. 31
3. Prepare the Plan: The strategy need to be systematic or structured to be implemented in an
organization. The alternative strategies need to devised to meet the requirements of changing
environment. The strategies must be inexpensive and affordable. Potential strategy focus on
business process, logistics and supply chain, capital structure.
4. Implementation of strategy: Once the assessment of current strategies are done, the company
devises the alternative strategy to suit the changing environment. The best strategy is
recommended and implemented to achieve profitability and growth. The process of strategic
analysis is develop, implement, assess and reassess.
Business Strategy Analysis
Business Analytics and Intelligence
33. 33
The Strategic Context
Business Analytics and Intelligence
A strategy analysis is a continuous process and long term task which involves systematic
planning and investment of resources. Every business unit targets to achieve growth and
profitability for sustainable development. The focus of the business is to position themselves in
the market by leveraging their competitiveness.
The most important task in strategic analysis is to forecast and predict the upcoming events and
design a alternative strategies to face the future events.
34. 34
The Strategic Context
Business Analytics and Intelligence
Features of Strategic Analysis:
• They are long term objectives of an organization amidst the business environment.
• They involve all the functional departments of an organization.
• They are control checklist for all the activities of an organization for current and future.
• They are limited to managerial decision making. All the decisions are based on the
organization goals, vision and mission.
• Thus strategic plan consist of current strategy, future requirement and basic role of the business
in the given environment.
35. 35
The Strategic Context
Business Analytics and Intelligence
Levels of Strategic Analysis
Corporate -
Formulated
by top
management.
Business –
formulated
by senior
managers at
unit level.
Functional –
formulated at
department
and division
level.
Operational
– formulated
by operating
units of an
organization.
36. 36
The Strategic Analysis Techniques
Business Analytics and Intelligence
1
2
3
4
5
6
7
8
Gap Analysis
VRIO Analysis
Four Corner Analysis
Value chain Analysis
SWOT Analysis
Strategy Evaluation
Porter’s 5 Forces
PESTEL Analysis
37. 37
The Strategic Analysis Techniques
Business Analytics and Intelligence
1. Gap Analysis: This is an internal analysis tool helpful to identify the dilutions and
distractions from the original strategy towards achievement of objectives and goals. This
technique is used to compare the current strategy implementation with future state which
identifies the gap. The identified gap can be bridged with plan of actions.
2. VRIO Analysis: The tools internally used to analyse the resources of an organization. The
sustainable resources are identified and effectively used to achieve competitive advantage.
The resources are evaluated and efficiently used for growth prospectus.
38. 38
The Strategic Analysis Techniques
Business Analytics and Intelligence
3. Four Corner Analysis: The core competencies of an organization is analysed using four
corner technique. The above tools evaluate the current state of the business. This technique
focuses on evaluating long term goal of an organization. The future strategies will leverage
the business to next level by understanding the motivation and strategies of the competitors.
Mostly this type of technique is said to be predictive action technique.
4. Value Chain Analysis: This technique is also used to evaluate competitive advantage like
VRIO. The value of the final product and service is evaluated to understand the business
activities and their contribution towards organization goals. Each and every activity of an
organization must add value to final product.
39. 39
The Strategic Analysis Techniques
Business Analytics and Intelligence
5. SWOT Analysis: An effective tool to conduct strategic analysis. It analysis both external and
internal business environment. While performing SWOT analysis the company must use
specific and verifiable statements. Vague and incomplete statements will hinder the strategic
decision.
6. Strategy Evaluation: The companies always have explicit or implicit strategy. The existing
strategy should not be ignored or abandoned. The older strategy might not be right for
current environment but in due course such strategies will give right lead to proceed.
Strategic evaluation identifies the successful strategies and failure ones. The plan of action is
designed to improve the failed strategies.
40. 40
The Strategic Analysis Techniques
Business Analytics and Intelligence
7. Porter’s 5 Forces: This technique helps the organization to identify the market position of
the company, the product differentiation, cost leadership, and competitive advantage. The
strategies are devised to make difference in your product and services. The strategies are
drafted to position your business in the market in a best and profitable way.
8. PESTEL Analysis: This is an external technique which hugely impacts your organization
operations. The elements of this analysis are political factors, economic factors, societal
factors, technological factors, environmental factors and legal factors. These elements are
analysed to understand the level of impact on the current state of the business.
41. 41
SWOT Analysis
Business Analytics and Intelligence
The organization identifies its positive and negative points through this technique. The
resources are effectively and efficiently used to boost the image of the organization in the
market. The strength of the business depends on customer satisfaction and clients needs.
This is prominent internal technique of strategic analysis. This technique detects strengths,
weakness, opportunities and threats which your business may suffer.
SWOT analysis defines long term vision through effective strategic planning of an
organization. The problems and environmental impacts can be reduced through constant
SWOT analysis. Let’s understand the SWOT in detail.
42. 42
SWOT Analysis
Business Analytics and Intelligence
1. Strengths of an organization: the positive attributes of a company can be wisely controlled
for better results and performance. Such positive attributes makes your business a standalone
and unique in the market. The resources resulting in profit year on year are considered as the
companies strength. The activities and resources of a business resulting in growth and
development need to identified and worked upon to achieve better results.
2. Weaknesses of an organization: The will always have two sides both strengths and
weaknesses. The resources which needs improvement and strategic planning should be
focused primarily to maintain competitive edge in the market. Such weaknesses need to
identified in advance and corrective action to be implemented to avoid future losses.
43. 43
SWOT Analysis
Business Analytics and Intelligence
3. Threats to organization: Threats are nothing but risk factors. The company policies,
customer relationship, distributor relationship, brand image should not affect the growth of
the business adversely. Also depression, economy downturn, industry crisis, inflation,
multiple players for same product are important threats. These type of threats need to
handled carefully to avoid competition war.
4. Opportunity for the organization: The business must explore the opportunities and make use
of new technology, innovations, new products and step ahead towards success. The
organization should never miss the opportunity. Missed opportunity will give way to
competitors to beat your growth and success.
44. 44
Implementing Strategy
Business Analytics and Intelligence
Set clear goals
and define key
variables
Determine
roles,
responsibilities
and
relationships
Delegate the
work
Execute;
Monitor;
Support
Take corrective
action
Closure of the
task
Conduct review
or retrospective
45. 45
Responsibilities of Business Analyst
Business Analytics and Intelligence
Plan
Current
Scenario
Gap
analysis
Requirements
Multiple
solutions
Define the
scope
Stakeholder
sign off
Document
Preparation
Test case
Knowledge
transfer
Verificatio
n Implement
& support
46. 46
Responsibilities of Business Analyst
Business Analytics and Intelligence
1. Business analyst should understand the business requirements.
2. Cop up with the system and understand the possibilities.
3. Presentation and stakeholder management
4. Discussion of reports and projects
5. Support for implementation
6. Coordinate with functional and non functional requirements
7. Acceptance testing
8. Decision making, problem solving and technical writing
9. Systems and operations maintenance
10. Team building
47. 47
Business Analysis Maturity Model
Business Analytics and Intelligence
Business Analyst Maturity Model (BAMM) identifies different stages of improvements as
detailed below:
1. System Improvement: The authority is limited to the IT systems and to the level of the
project currently associated with.
2. Process Improvement: IT system solutions are considered to analyse the process
requirements.
3. Business Improvements: The senior level management and strategic planning is involved in
decision making.
48. 48
Business Analysis Maturity Model
Business Analytics and Intelligence
Levels of Maturity Model:
Level 1 Initial - Uncontrolled processes and structures.
Level 2 Managed – Reactive processes are characterized for projects.
Level 3 Defined - processes are based on the standards of an organization’s
Level 4 Quantitatively Managed - Controlled and measured processes
Level 5 Optimizing - processes work smoothly and focus moves to improvement
50. 50
The Competencies of a Business Analyst
Business Analytics and Intelligence
Communication
Skills
Critical
Analysis skills
Problem
Solving skills
Management
and Leadership
skills
Technical
Awareness of
the project
Tools and
Techniques
51. 51
Summary
•The business analysis helps the organization to understand the current market situation and
improve their technical and strategic skills based on market requirement.
•Business analysis helps to increase the return on investment for a business. The wealth and
image of any business depends on its efficiency to make higher return on investments.
•The real value of the business is focused to achieve the requirements of the stakeholders.
•1906 Pareto principle was introduced. The principle is used in business analysis to find 20%
functionality which will provide 80% return.
•ARPANET was found in 1969 which is considered as forerunner of today’s internet.
•Quality management maturity grid was released during 1979 to measure the software process
maturity.
Business Analytics and Intelligence
52. 52
Summary
•1995 was the period when Microsoft released Windows 95. Yahoo and other search engines
were introduced during this period.
•Strategic analysis process involves the analysis of current strategies, forecasting the future
changes and making the business ready to face such changes and keep the solutions ready to
handle the problems.
•The best strategy is recommended and implemented to achieve profitability and growth. The
process of strategic analysis is develop, implement, assess and reassess.
•The companies always have explicit or implicit strategy.
•SWOT analysis defines long term vision through effective strategic planning of an organization.
Business Analytics and Intelligence
54. 54
Self Assessment Question
1. The dispatch department of a mail order book company have run out of small padded envelopes that
they use to send books to their customers. Unfortunately, there is a shortage of these envelopes at their
supplier and it will be 5 days before they will be available. As a result of this, there is a backlog of 3
days of picked orders that are temporarily stored in the dispatch department which cannot be sent to
customers until the envelopes arrive. Which of the following types of Lean waste are there in this
scenario?
A) Transport and Over-processing.
B ) Inventory and Waiting.
C ) Waiting and Defects.
D ) Over-production and Motion.
Answer: B
Business Analytics and Intelligence
55. 55
Self Assessment Question
2. The Director of the Information Systems department in a large organisation that traditionally uses a
waterfall approach to development is looking to trial Agile development on a small project. The
project is for a single, small team to develop the first mobile application for the organisation’s
employees and whilst the development team are fully competent with the development language, they
are not familiar with mobile application development. The Director has asked the management team to
consider which might be an appropriate Agile method to use for this project. Which of the following
would be best suited to this project?
A) DSDM.
B) XP.
C) Lean Software Development.
D) SAFe.
Answer: B
Business Analytics and Intelligence
56. 56
Self Assessment Question
3. Dominique is the Head of Recruitment within the Human Resources (HR) department. Following a
review of recruitment processes and systems in the organisation, a business transformation project has
been initiated. The director of HR, Sarah will be providing the project budget and managing the project
finances. Dominique will be the key HR representative on the Agile project and will be responsible for the
day to day decisions. Which of the following roles is Dominique playing on this project?
A) Product owner.
B) End user.
C) Project sponsor.
D) Subject matter expert.
Answer: A
Business Analytics and Intelligence
57. 57
Self Assessment Question
4. A project team is working on the development of a mobile phone-based expenses management system
for a national mental health charity. Volunteers currently submit their travel expenses by completing a
paper form and sending it with receipts via the post. One of the requirements is to use GPS tracking to
automatically and accurately determine mileage for visits which is considered useful but is not a
mandatory requirement for the project. The project is nearing completion and this is the final iteration
for the project. Which of the following MoSCoW priorities SHOULD be allocated to the automatic
GPS tracking requirement for the final iteration?
A) M.
B) S.
C) C.
D) W.
Answer: C
Business Analytics and Intelligence
58. 58
Self Assessment Question
5. A small independent photography company has a business goal of providing a scanning and
enhancement service to produce premium quality prints from customers old printed photographs, negatives
and slides. The business analyst has decomposed this goal into the following potential sub-goals. i. Buy
professional scanner. ii. Produce prints from customers’ old photographs. iii. Install scanner iv. Provide
photographic enhancement service. v. Produce prints from customers’ photographic negatives. Which of
these are valid sub-goals?
A) i and iii only.
B) ii, iii and v only.
C) ii and v only.
D) i, iii and iv only.
Answer: C
Business Analytics and Intelligence
59. 59
Self Assessment Question
6. The following user story is being discussed in the Agile team.
011: Customer fingerprint login
As a customer I want to be able to login using my fingerprint reader on my mobile
phone so that I can access my account without needing to type my password.
During the conversation it was determined that there is an associated non-functional requirement
that if there are 3 failed attempts to login using the fingerprint reader then the customer will need
to provide their username and password. This non-functional requirement is specific to this user
story. Requirements could be documented in the following areas.
Business Analytics and Intelligence
60. 60
Self Assessment Question
i. User story acceptance criteria for “Customer fingerprint login”.
ii. Requirements catalogue.
iii. Use case description for “Customer fingerprint login”.
iv. A separate user story.
Where should the non-functional requirement be documented?
A) ii or iv.
B) iv only.
C) ii only.
D) i or iii.
Answer: D
Business Analytics and Intelligence
61. 61
Self Assessment Question
7. As part of a university assessment system project, the project team are reviewing the following user
story. 049: Show my exam results on social media As a student I want to be able to share my exam
certificate on social media so that my friends and potential employers can see my achievements. In the
review, it was discussed that there are multiple social media channels that could be used and that no
channels had been specified. Which of the INVEST rules for writing a quality user story are not being met?
A) Small and Estimate able.
B) Testable and Independent.
C) Estimate able and Valuable.
D) Valuable and Negotiable.
Answer: A
Business Analytics and Intelligence
62. 62
Self Assessment Question
8. The project team are holding a meeting and during the meeting they discuss the following:
• What went well?
• What didn’t go so well?
• What could we do differently next time?
• Actions
Which Agile ceremony does this describe?
A) Show and Tell.
B) Iteration Planning Meeting.
C) Retrospective.
D) Daily stand-up
Answer: C
Business Analytics and Intelligence
63. 63
Self Assessment Question
9. What is the main purpose of mediation
a. Encourage the parties to ‘agree to disagree’
b. Encourage the parties to surrender control
c. Achieve a satisfactory dispute resolution at any cost
d. Enhance the parties dispute resolution skill
Answer: C
Business Analytics and Intelligence
64. 64
Activity
• Choose any three types of Industry and select one
company from each, perform SWOT analysis and
comment on the competitive edge of each
company.
Offline/ Online
Activity
(30 min)
65. 65
Reading Assignment & Interactive brainstorming
• Analyse critically and debate on the
objectives, goals, mission and vision
statement.
• Prepare a strategic report on the
business analysis models of the
company of your choice and explain its
applicability to different activity.
Online/Offline
Activity
(30 min)
66. 66
Reading Assignment & Interactive brainstorming
• Prepare a Sketch Note on the roles and
responsibilities of business analyst and
competency skill matrix using the appropriate
Symbols, diagrams and sketches.
Online/Offline
Activity
(30 min)
67. 67
Document Link
Topic URL Notes
Business Analysis
Techniques
https://nibmehub.com/opac-
service/pdf/read/Business%20Analysis%20Techniques%2
0_%2099%20essential%20tools%20for%20success.pdf
Essential tools for success –
Application of business analytics and
intelligence.
Business Analysis
Techniques
http://www.ascdegreecollege.ac.in/wp-
content/uploads/2020/12/Business-Analysis-
techniques.pdf
Essential tools for success –
Application of business analytics and
intelligence.
Best Practices for
Business Analyst
https://www.ogcio.gov.hk/en/our_work/infrastructure/meth
odology/system_development/doc/G60a_Best_Practices_f
or_Business_Analyst_Appendix_A_v1_0.pdf
The techniques and tools for business
analyst is discussed.
Business Analytics and Intelligence
68. 68
Video Link
Topic URL Notes
Origin of Business
Analysis
https://youtu.be/xqZEwhVQNQ0
Business analyst profession is growing
world wide. The video is about the
profession and practice.
Business Analysis
Process
https://youtu.be/HwPZ08BaEwg
To learn about the 8 step business
analysis framework
Evolving role of
Business Analyst
https://youtu.be/ous9XUNYZtc
Business Analysis training for
beginners.
Business Analytics and Intelligence
69. 69
EBook name Chapter Page No. Notes URL
Essentials of
Business Analytics
Chapter 10 to
30
305-889
The chapters cover the different methods of
business analytics and also explains its
application to various domains of the
business.
https://bdigital.uvhm.edu.
mx/wp-
content/uploads/2020/05/
Essentials-of-Business-
Analytics.pdf
Best Practices in
Business
Intelligence
Chapter 1 - 77 3-80
The case studies included in this book
demonstrate the power of business
intelligence technologies and solutions for
industries ranging from banking to
pharmaceuticals to online ticket sales.
http://download.101com.c
om/tdwi/ww24/whatwork
s24digitaledition.pdf
E- Book Link
Business Analytics and Intelligence