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This is the world of information and for every organization, it is important to elevate its business to the next level in an adequate manner and make it globally famous. In business analytics, past performance is investigated and analyzed so that the right plan can be made for the growth of the company. According to the business analyst Javier Cuenca Florida, business intelligence is all about Data collection, research, and concluding it that helps in decision making.
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Javier Cuenca Florida – Talks About Finding Ways to Operate the Business
This is the world of information and for every organization, it is important to elevate its business to the next level in an adequate manner and make it globally famous. In business analytics, past performance is investigated and analyzed so that the right plan can be made for the growth of the company. According to the business analyst Javier Cuenca Florida, business intelligence is all about Data collection, research, and concluding it that helps in decision making.
The next step is to use such data in mathematical modules in different situations to understand and conduct them in more appropriate ways to give an outline to the business. Here some ways of analysis listed below which a business analyst refer while giving the structure to its business report,
Strategic Analyst: The strategic business analysis deals with the pre-project work, it is a method or process of identifying business problems, business strategies, and objectives helping the top management. It provides management information reporting to effective decision-making.
To develop a business strategy, a company needs a very well–defined understanding of what it is and what it represents, Strategists need to look at the Vision which helps it to understand, What it wants to look to achieve in the future. Mission Statement clarifies What business a company is in and how it relies upon people. And the most important is Values, which showcase the fundamental beliefs of an organization helps to reflect its commitment and ethics.
After gaining a deep understanding of the company’s vision, mission and values, strategists can help the business undergoes a strategic analysis. The purpose of a strategic analysis is to analyze an organization’s external and internal environment, assess current strategies, and generate and evaluate the most successful strategic alternatives.
Tactical Analysis : It involves knowledge of specific business techniques to apply at the right time in the appropriate project. It assumes sufficient knowledge of specific business analysis techniques to get the job done. People who do not have a business analyst title like Javier Cuenca Miami often perform this function. At this level, Agile primarily implies a change in the timing and depth of business analysis activities.
Operational analysis: Operational analysis is a method of examining the current performance of an operational investment and measuring that performance against an established set of cost, schedule, and performance parameters. Operational analysis is, less structured than performance reporting methods applied to developmental projects. In this type of business analysis, we are focused on the business aspects by leveraging information technology.
It is also a process of studying operational systems to identify opportunities for business improvement. For each type of analysis, there are a set of tools that are available and used according to the need and requirements, three are to be used. Source Credit: http://www.javiercuencamiamiflorida.com/javier-cuenca-florida-talks-about-finding-ways-to-operate-the-business/
