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MBA190: Business Data Analytics
In this episode, you’ll find out how you can bring value in the area of business data analytics. You’ll also learn about the IIBA’s Certification in Business Data Analytics.
Show Notes
The field of analytics is growing by leaps and bounds. It’s become a critical component in better
decision making.
As Business Analysts, we need to bring together the business
knowledge and the technical math and science of analytics. The International Institute of Business
Analysis™ uses the term Business Data Analytics to describe this.
Why Business Data Analytics is Important
In today’s digital world, we have access to an incredible
amount of data. We can now mine that
data to gain insights that are critical to business success. We are now able to elicit requirements from
data.
Business Data Analytics allows us to use facts and data to
make better decisions.
Instead of making decisions based of expert judgment or
business domain knowledge, we can provide results of analysis that we glean
from the data. From this, we can help
guide decision making and help our organizations choose the right path.
The data and the answers we derive from it is a valuable
asset to the organization and it helps reduce the risk of bad decision making.
How Business Analysts Can Work with Analytics
We often see the same problems with analytics projects as we
do with traditional technology projects; we miss the connection to business
outcomes. Do we really understand what
we’re trying to solve?
Your core BA skills of facilitation, current state analysis,
communication, and root cause analysis can be applied in the new context of
Business Data Analytics.
As Business Analysts, we need to make sure that the analytics
research being done is focused on a problem or opportunity that’s important to
the business. This allows us to tie the
analytics work to a meaningful value proposition.
To do this, we work with stakeholders to understand their
needs and understand the current state to discover the research question we
need to analyze with the analytics initiative.
After this upfront work, we can support the team by
analyzing the data at some level. This
may mean identifying if the data is reliable and meaningful or analyzing
models.
Once you have some valuable insights based on the data, we
need to communicate the results to business stakeholders in their
language. To make the data meaningful,
we need to use approaches such as data storytelling to ensure the information
resonates with stakeholders.
The Certification in Business Data Analytics (IIBA®-CBDA)
The International Institute of Business Analysis™ recently
launched a Certification in Business Data Analytics. As a precursor to the certification, the IIBA
developed two introductory documents describing Business Data Analytics from
the practitioner’s view as well as from the organization’s view.
The certification exam is comprised of 75 scenario based questions. As an experienced based exam, you’ll apply
your work experience to answer scenarios common to analytics initiatives.
This is a level 2 certification intended for those with 2-3
years of experience and are experienced with core BA skills. You may need knowledge about data
visualization techniques and other activities described in the introductory
documents.
Listen to the full episode to understand how you can bring value to an analytics project as well as how to prepare for the IIBA’s Certification in Business Data Analytics exam.
Business Data Analytics with Laura Paton
YOUR HOMEWORK
Check out the IIBA’s Business Data Analysis page and seek out the referenced sources. Start getting a sense of where you fit on an analytics project and use the information to tie the skills you already have to this new space.
From there, try to get on an analytics project and demonstrate the value proposition you have.
Links Mentioned in this Episode:
- International Institute of Business Analysis (IIBA)
- IIBA’s page on Business Data Analytics
Laura Paton – BA Academy
Laura is a Business analysis thought leader with over 30 years of in depth project management and business analysis experience across numerous industries. She has been heavily involved with industry professional organizations and had chaired and helped author several industry standards.
Thank you for listening to the program
To get more valuable content to enhance your skills and advance your career, you can subscribe on iTunes and other podcatchers.
Also, reviews on iTunes are highly appreciated! I read each review and it helps keep me motivated to continue to bring you valuable content each week.
The post MBA190: Business Data Analytics appeared first on Mastering Business Analysis.
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By Dave Saboe, CBAP, PMP, CSM | Certified Business Analysis Professional | Agile Coach
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In this episode, you’ll find out how you can bring value in the area of business data analytics. You’ll also learn about the IIBA’s Certification in Business Data Analytics.
Show Notes
The field of analytics is growing by leaps and bounds. It’s become a critical component in better
decision making.
As Business Analysts, we need to bring together the business
knowledge and the technical math and science of analytics. The International Institute of Business
Analysis™ uses the term Business Data Analytics to describe this.
Why Business Data Analytics is Important
In today’s digital world, we have access to an incredible
amount of data. We can now mine that
data to gain insights that are critical to business success. We are now able to elicit requirements from
data.
Business Data Analytics allows us to use facts and data to
make better decisions.
Instead of making decisions based of expert judgment or
business domain knowledge, we can provide results of analysis that we glean
from the data. From this, we can help
guide decision making and help our organizations choose the right path.
The data and the answers we derive from it is a valuable
asset to the organization and it helps reduce the risk of bad decision making.
How Business Analysts Can Work with Analytics
We often see the same problems with analytics projects as we
do with traditional technology projects; we miss the connection to business
outcomes. Do we really understand what
we’re trying to solve?
Your core BA skills of facilitation, current state analysis,
communication, and root cause analysis can be applied in the new context of
Business Data Analytics.
As Business Analysts, we need to make sure that the analytics
research being done is focused on a problem or opportunity that’s important to
the business. This allows us to tie the
analytics work to a meaningful value proposition.
To do this, we work with stakeholders to understand their
needs and understand the current state to discover the research question we
need to analyze with the analytics initiative.
After this upfront work, we can support the team by
analyzing the data at some level. This
may mean identifying if the data is reliable and meaningful or analyzing
models.
Once you have some valuable insights based on the data, we
need to communicate the results to business stakeholders in their
language. To make the data meaningful,
we need to use approaches such as data storytelling to ensure the information
resonates with stakeholders.
The Certification in Business Data Analytics (IIBA®-CBDA)
The International Institute of Business Analysis™ recently
launched a Certification in Business Data Analytics. As a precursor to the certification, the IIBA
developed two introductory documents describing Business Data Analytics from
the practitioner’s view as well as from the organization’s view.
The certification exam is comprised of 75 scenario based questions. As an experienced based exam, you’ll apply
your work experience to answer scenarios common to analytics initiatives.
This is a level 2 certification intended for those with 2-3
years of experience and are experienced with core BA skills. You may need knowledge about data
visualization techniques and other activities described in the introductory
documents.
Listen to the full episode to understand how you can bring value to an analytics project as well as how to prepare for the IIBA’s Certification in Business Data Analytics exam.
Business Data Analytics with Laura Paton
YOUR HOMEWORK
Check out the IIBA’s Business Data Analysis page and seek out the referenced sources. Start getting a sense of where you fit on an analytics project and use the information to tie the skills you already have to this new space.
From there, try to get on an analytics project and demonstrate the value proposition you have.
Links Mentioned in this Episode:
- International Institute of Business Analysis (IIBA)
- IIBA’s page on Business Data Analytics
Laura Paton – BA Academy
Laura is a Business analysis thought leader with over 30 years of in depth project management and business analysis experience across numerous industries. She has been heavily involved with industry professional organizations and had chaired and helped author several industry standards.
Thank you for listening to the program
To get more valuable content to enhance your skills and advance your career, you can subscribe on iTunes and other podcatchers.
Also, reviews on iTunes are highly appreciated! I read each review and it helps keep me motivated to continue to bring you valuable content each week.
The post MBA190: Business Data Analytics appeared first on Mastering Business Analysis.
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