Business Analysis

Economy is a field that needs companies and business institutions to be competitive in order to face the great market races among different business entities and this raises the importance of business analysis in order to understand the business needs and work directly to achieve them without wasting time in working on the wrong problems or repeating the same done work. To discuss business analysis, it is should be first defined as a system of research which recognizes the main needs and requirements of the business, identifying problems and suggest the perfect and most suitable solutions to them. Solutions can be of many aspects such as developing the main components of the systems, improving the business processes, upgrading the business techniques to cope with the state of the art technologies in the market, achieving planned organizational change and doing the strategic plans required to reach competitive advantage in the relevant business field. This returns back with great benefits for the company and it also saves the company efforts and time. Business analysis is usually done by a business analyst who can work in technology progress and analyzing technical issues to be a technical business analysis or to develop the software of the system to be an IT business analyst and there are also other types of business analysts regarding to the kind of analysis they perform in the company. Requirement analysis is usually heavy and overlapping, however, its main task is to achieve specified strategic goals via applying some organizational changes in almost all parts of the business and its policies.