ElegantJ BI

OCTOBER 18, 2018

How Does Frequent Pattern Mining Support Business Analysis? This method of analysis can be useful in evaluating data for various business functions and industries. Basket Data Analysis – To analyze the association of purchased items in a single basket or single purchase. Confidence (milk->bread) = 0.5

Business Analysis 130

Business Analysis Business Analysis Banking Data Discovery 130

ElegantJ BI

OCTOBER 18, 2018

How Does Frequent Pattern Mining Support Business Analysis? This method of analysis can be useful in evaluating data for various business functions and industries. Basket Data Analysis – To analyze the association of purchased items in a single basket or single purchase. Confidence (milk->bread) = 0.5

Business Analysis 130

Business Analysis Business Analysis Banking Data Discovery 130

ElegantJ BI

OCTOBER 17, 2018

How is the Paired Sample T Test Beneficial to Business Analysis? This type of analysis can be useful in numerous situations. Let’s look at two use cases to better understand the benefit of this technique in business analysis. Therefore, the treatment was not effective.

Business Analysis 130

Business Analysis Business Analysis Data Discovery Logistics 130

ElegantJ BI

OCTOBER 17, 2018

How is the Paired Sample T Test Beneficial to Business Analysis? This type of analysis can be useful in numerous situations. Let’s look at two use cases to better understand the benefit of this technique in business analysis. Therefore, the treatment was not effective.

Business Analysis 130

Business Analysis Business Analysis Data Discovery Logistics 130

MindsMapped

JANUARY 5, 2021

The Rise of the Business Analysis Profession and the Emergence of Global Standards. he past decade saw an explosion in demand for Business Analysts, where data-focused companies were still relatively new, analytics were not as commonly used and technology were not advancing at such an exponential rate as it currently is.

Business Analysis 94

Business Analysis Business Analysis Skillset Solution Evaluation 94

Analysts Corner

JULY 3, 2023

List their weaknesses, and how they approach different aspects of the business. Having a visual comparison of their products/websites is also very useful. Plan your business analysis approach During the plan business analysis approach activity, you will list the activities to perform. Set boundaries.

Documentation 246

Documentation Business Analysis Business Analysis Collaborative Game 246

BA Squared

JULY 9, 2020

Business Analysis Skills from 2012 to 2020. In 2012, I stated that the following are the key drivers of business analysis in organizations, and this has NOT changed! In 2012 I wrote a blog for the BA Times on the top 10 skills for BAs.

Business Analysis 107

Business Analysis Business Analysis Customer Experience Customer Experience 107

ElegantJ BI

OCTOBER 17, 2018

How is Spearman’s Rank Correlation Useful for Business Analysis? Use Case – 1 Business Problem: An educational organization wants to assess students’ rating, based on two different sources of observation. Original Post: What is Spearman’s Rank Correlation and How is it Useful for Business Analysis?

Business Analysis 100

Business Analysis Business Analysis Data Discovery Business Intelligence 100

ElegantJ BI

OCTOBER 17, 2018

How is Spearman’s Rank Correlation Useful for Business Analysis? Use Case – 1 Business Problem: An educational organization wants to assess students’ rating, based on two different sources of observation. Original Post: What is Spearman’s Rank Correlation and How is it Useful for Business Analysis?

Business Analysis 100

Business Analysis Business Analysis Data Discovery Business Intelligence 100

Analysts Corner

APRIL 10, 2024

Development Stage: Prototypes are created early in the product development process to visualize ideas and concepts before full-scale development begins. Business analysis behind proof of concept (PoC) We may use a PoC when the goal is to make a very small experiment around a business idea, from which we need to assess its feasibility.

Business Analysis 130

Business Analysis Business Analysis Agile Vision 130

Analysts Corner

MARCH 12, 2023

In the digest below you will find answers to the questions like: how to perform SWOT analysis, how to use requirements traceability matrices, how to nail you requirements workshops, and probably most importantly how to overcame one of the biggest concerns of an aspiring BA — dealing with the problem of no prior experience.

Agile 130

Agile Data Analytics Data Analytics Business Analysis 130

Analysts Corner

MAY 18, 2023

For aspiring and new BAs How can you prepare for a Business Analyst role? The first answer to this question is to start reading BABOK (Business Analysis Body of Knowledge). Business Process Modelling It gives an overview of the business process lifecycle. Every business wants to be close to their customers.

Process Modelling 130

Process Modelling Visualization Business Analysis Business Analysis 130

Analysts Corner

SEPTEMBER 26, 2022

In the last few years, I have had the opportunity to give resume guidance to many young professionals looking to break into the field of business analysis. It’s been gratifying to be able to help them grow in their careers as business analysts. Business analysis roles come in many different flavors with many other titles.

Business Analysis 233

Business Analysis Business Analysis Documentation Requirements Gathering 233

ElegantJ BI

SEPTEMBER 19, 2021

To further clarify the use of the Random Forest Classification model, let’s look at a sample customer churn analysis to predict the likelihood of customers to churn based upon important factors. How Can Random Forest Classification Be Helpful for Business Analysis? Business Use Case 1 Business Problem: Predict loan default.

Data Discovery 130

Data Discovery Banking Business Intelligence Business Intelligence 130

ElegantJ BI

SEPTEMBER 21, 2021

To have a better understanding of this algorithm, let’s look at one such analysis on loan eligibility to identify whether or not the amount is eligible for loan application based upon various influencing factors. H ow Can Generalized Linear Regression with Gaussian Distribution Be Helpful for Business Analysis ?

Data Discovery 130

Data Discovery Business Intelligence Business Intelligence Data Visualization 130

ElegantJ BI

SEPTEMBER 19, 2021

To further clarify the use of the Random Forest Classification model, let’s look at a sample customer churn analysis to predict the likelihood of customers to churn based upon important factors. How Can Random Forest Classification Be Helpful for Business Analysis? Business Use Case 1.

Data Discovery 130

Data Discovery Banking Business Intelligence Business Intelligence 130

ElegantJ BI

SEPTEMBER 21, 2021

To have a better understanding of this algorithm, let’s look at one such analysis on loan eligibility to identify whether or not the amount is eligible for loan application based upon various influencing factors. H ow Can Generalized Linear Regression with Gaussian Distribution Be Helpful for Business Analysis ?

Data Discovery 130

Data Discovery Business Intelligence Business Intelligence Data Visualization 130

ElegantJ BI

SEPTEMBER 21, 2021

To have a better understanding of this algorithm, let’s look at one such analysis on loan eligibility to identify whether or not the amount is eligible for loan application based upon various influencing factors. How Can Random Forest Classification Be Helpful for Business Analysis? Business Use Case 1.

Data Discovery 130

Data Discovery Business Intelligence Business Intelligence Data Visualization 130

ElegantJ BI

SEPTEMBER 19, 2021

To further clarify the use of the Random Forest Classification model, let’s look at a sample customer churn analysis to predict the likelihood of customers to churn based upon important factors. How Can Random Forest Classification Be Helpful for Business Analysis? Business Use Case 1.

Data Discovery 130

Data Discovery Banking Business Intelligence Business Intelligence 130

Passionate BA

MAY 30, 2023

Context, in the realm of IT business analysis and software development, refers to the surrounding environment within which software operates. Context is one of the six key business analysis concepts described in BACCM. Understanding the stakeholders helps establish a foundation for the context analysis.

Business Analysis 130

Business Analysis Business Analysis Visualization Government 130

ElegantJ BI

SEPTEMBER 9, 2021

In order to get a comprehensive understanding of Isotonic Regression, let’s look at a sample analysis to determine a student’s chance of admission based upon various academic scores. How Can Isotonic Regression Be Helpful for Business Analysis? If we consider the use cases below, we can see the value of Isotonic Regression.

Data Discovery 130

Data Discovery Banking Business Intelligence Business Intelligence 130

ElegantJ BI

SEPTEMBER 9, 2021

In order to get a comprehensive understanding of Isotonic Regression, let’s look at a sample analysis to determine a student’s chance of admission based upon various academic scores. How Can Isotonic Regression Be Helpful for Business Analysis? If we consider the use cases below, we can see the value of Isotonic Regression.

Data Discovery 130

Data Discovery Banking Business Intelligence Business Intelligence 130

ElegantJ BI

SEPTEMBER 9, 2021

In order to get a comprehensive understanding of Isotonic Regression, let’s look at a sample analysis to determine a student’s chance of admission based upon various academic scores. How Can Isotonic Regression Be Helpful for Business Analysis? If we consider the use cases below, we can see the value of Isotonic Regression.

Data Discovery 130

Data Discovery Banking Business Intelligence Business Intelligence 130

ElegantJ BI

OCTOBER 16, 2018

How Can Outlier Detection Improve Business Analysis? About Smarten The Smarten approach to augmented analytics and modern business intelligence focuses on the business user and provides tools for Advanced Data Discovery so users can perform early prototyping and test hypotheses without the skills of a data scientist.

Data Discovery 130

Data Discovery Business Intelligence Business Intelligence Data Visualization 130

ElegantJ BI

OCTOBER 17, 2018

This article looks at the ARIMAX Forecasting method of analysis and how it can be used for business analysis. These tools are designed for business users with average skills and require no specialized knowledge of statistical analysis or support from IT or data scientists. What is ARIMAX Forecasting?

Data Discovery 130

Data Discovery Business Intelligence Business Intelligence Data Visualization 130

ElegantJ BI

OCTOBER 16, 2018

How Can Outlier Detection Improve Business Analysis? About Smarten The Smarten approach to augmented analytics and modern business intelligence focuses on the business user and provides tools for Advanced Data Discovery so users can perform early prototyping and test hypotheses without the skills of a data scientist.

Data Discovery 130

Data Discovery Business Intelligence Business Intelligence Data Visualization 130

ElegantJ BI

OCTOBER 17, 2018

This article looks at the ARIMAX Forecasting method of analysis and how it can be used for business analysis. These tools are designed for business users with average skills and require no specialized knowledge of statistical analysis or support from IT or data scientists. What is ARIMAX Forecasting?

Data Discovery 130

Data Discovery Business Intelligence Business Intelligence Data Visualization 130

Analysts Corner

DECEMBER 17, 2024

During my workshop, I like to tell the audience that IDL is DSL (Domain-specific language, by the way), confusing them with the abbreviations. A mass of decorators (starting with @) complicates things visually. See an example from my online workshop. IDL stands for Interface Definition Language. It is advantageous.

Documentation 100

Documentation Visualization Planning Business Analysis 100

ElegantJ BI

OCTOBER 16, 2018

How Can the Chi Square Test of Association Be Used for Business Analysis? Use Case – 1 Business Problem: A retail store marketing manager wants to know if there is a significant association between the geography of a customer and his/her brand preferences.

Data Discovery 130

Data Discovery Retail Banking Business Intelligence 130

ElegantJ BI

OCTOBER 16, 2018

How Can the Chi Square Test of Association Be Used for Business Analysis? Use Case – 1 Business Problem: A retail store marketing manager wants to know if there is a significant association between the geography of a customer and his/her brand preferences.

Data Discovery 130

Data Discovery Retail Banking Business Intelligence 130

Watermark Learning

OCTOBER 3, 2023

A Business Analyst (BA) employs their skill sets to bring business value. The profession’s foundational resource, the third version of the Business Analysis Body of Knowledge (BABOK® Guide v3) can help the business analyst identify their strengths and areas needing improvement as they work on building their skills.

Process Modelling 86

Process Modelling Business Analysis Business Analysis Visualization 86

The BAWorld

FEBRUARY 4, 2021

Business data analytics is an area of study that targets effective business decision-making as opposed to using the rigorous technical know-how through which data is analyzed. A business data analyst should possess industry and functional expertise as well as a deep understanding of the meaning of data in the business context.

Data Analytics 98

Data Analytics Data Analytics Visualization Data Mining 98

Business Bullet

NOVEMBER 1, 2020

Grant Wright facilitated a half day workshop at the European Business Analysis conference 2020 on Unleashing the power of visual thinking. Grant actively practices Visual Thinking throughout his work and is passionate about its ability to create alignment, improve understanding and generate creative ideas.

Visualization 52

Visualization Business Analysis Business Analysis Digital 52

MindsMapped

JULY 18, 2020

To obtain insights into the following: Establish what project success looks like Understand how the project fits into the wider business objectives To identify the priority outcomes for a project. The nature of the work of Business Analysts has outlined the below categorization. They are quite different in the way they operate.

Business Analysis 46

Business Analysis Business Analysis Requirements Gathering Documentation 46

ElegantJ BI

JULY 10, 2018

Use Case(s): Weather Forecasting, Fraud Analysis and more. Frequent Pattern Mining (Association): What is Frequent Pattern Mining (Association) and How Does it Support Business Analysis? Use Case(s): Market Basket Analysis, Frequently Bundled Products and more. Use Case(s): Average value of all cars in U.S.

Logistics 130

Logistics Data Discovery Business Analysis Business Analysis 130

ElegantJ BI

JULY 10, 2018

Use Case(s): Weather Forecasting, Fraud Analysis and more. Frequent Pattern Mining (Association): What is Frequent Pattern Mining (Association) and How Does it Support Business Analysis? Use Case(s): Market Basket Analysis, Frequently Bundled Products and more. Use Case(s): Average value of all cars in U.S.

Logistics 130

Logistics Data Discovery Business Analysis Business Analysis 130

Analysts Corner

SEPTEMBER 5, 2023

Utilize structured requirement elicitation techniques, such as workshops, interviews, and surveys. Document everything using tools like user stories, use-case diagrams, and Business Requirement Documents (BRD). Solution : Visual models like wireframes or mockups can help. Solution : That is where you get in the picture!

Documentation 130

Documentation Project Management Agile User Experience 130