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Data Analysis
A Practical Guide to Business Analysis

 

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One of the most important responsibilities of the Business Analyst is to understand the data that is needed by the organization to operate efficiently.  Each time a business interacts with a supplier or customer, information is captured by the business.  This information is required for operational, tactical and strategic purposes. 

Data is a valuable business asset that can be sliced and diced in different ways to generate business intelligence.  This business intelligence is useful to identify problems (e.g. supply chain issues, distribution bottlenecks) and opportunities (understanding buying patters, reducing inventories).

Many organizations have serious problems with data quality, availability, consistency, currency and accessibility.  These problems are often caused when data is fragmented across multiple systems or just poorly managed. 

The method that is used by the business analyst to understand an organization's data is to build a conceptual data model.  The data model illustrates the "things" of interest to the business (i.e. data entities) and important facts (i.e. attributes) about those things.  It also depicts relationships between the things of interest and fundamental business rules.

Although a fully detailed data model can sometimes look like the wiring diagram for the space shuttle, abstractions of the data model can be produced that are less detailed and more "user friendly".


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