Business analysis involves gaining insight from data to identify business needs and recommend solutions, whether through software components or organizational changes like process improvement and strategic planning.
Business analysts are change agents who analyze systems, processes, and business models, identifying vulnerabilities and devising solutions. They may also be known as IT Business Analysts, who work more with software methodologies.
Business impact analysis is a follow-up concept that assesses the potential consequences of disruptions to critical business operations, helping organizations understand the impact and plan accordingly.
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