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Why must CIOs invest in business analysts to obtain better project outcomes?

CIO Business Intelligence

According to the PMI Pulse of the Profession report , inaccurate requirements as a result of poor or missing business analysis processes are the second leading cause of project failure (39%), the first reason being changes in an organization’s priorities (41%). Developing business analysis competency in your organization.

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The Business Analyst Competency List

BA Learnings

In this article, we’re looking at some of the most sought-after competencies vital in navigating the intricate world of business analysis. The Art Of Communication: More Than Just Reports First and foremost, the ability to communicate effectively is your Excalibur in the world of business analysis.

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What is Spearman’s Rank Correlation and How is it Useful for Business Analysis?

Smarten

How is Spearman’s Rank Correlation Useful for Business Analysis? Business Problem: An educational organization wants to assess students’ rating, based on two different sources of observation. The closer this value is to 0, the weaker the relationship/association is between both variables. Use Case – 1.

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What is Multiple Linear Regression and How Can it be Helpful for Business Analysis?

Smarten

To better understand multiple linear regression, let’s look at one such analysis of independent variables: Temperature and Humidity, and a target variable (yield). How Can Multiple Linear Regression Be Helpful for Business Analysis? Use Case – 1. Use Case – 2.

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What is the Paired Sample T Test and How is it Beneficial to Business Analysis?

Smarten

How is the Paired Sample T Test Beneficial to Business Analysis? This type of analysis can be useful in numerous situations. Marketing – Have sales increased following a particular campaign? Let’s look at two use cases to better understand the benefit of this technique in business analysis.

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How can CIOs Build Business Value with Business Analytics?

Smart Data Collective

Team Upskilling: Train business analysts on planning, gap analysis, scoping & blueprinting, cost-benefit calculation of new initiatives, solution architecture, modelling, elicitation, requirement management, performance management, and other improvement initiatives. Tools Updating: A business analyst is as good as his/her tools.

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The Hidden Gem of Savings in the Software Delivery. And no, it’s not AI

CIO Business Intelligence

Example 2: It took us six months to help the investment bank introduce basic quality controls, strengthen its business analysis team, and cover code with automated tests. As a result, the time-to-market was reduced from 3 months to 1 month. Below are our recommendations for a smooth transition to a new delivery model.