What is Applied Wisdom Business Analysis?

Analysis studies the nature, features and relationships of something. Business Analysis is the practice of exploring, documenting and improving how businesses operate.

But Business Analysis shouldn't be inert or down in the weeds. A really good business analyst (BA) or data analyst will act as more of a business consultant. They add a layer of interpretation and wisdom to the bald facts. At its best, it is business advisory - equipping leaders and decision makers with clear, precise and useful insights they can rely upon. It builds buy-in and belief across teams & stakeholders.

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Where Business Analysis creates benefits

Done well, it's about clarity, impacts and options - all things that help businesses with things like:

• Performance & efficiency

• Decision-making

• Innovation

• Business cases and investment cases

• Project planning & delivery

• Change management

• Product design / service design and management

• Standard Operating Procedures (SOPs)

• Compliance

• Risk management

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An art, as much as a science

The art of Business Analysis is to balance getting deep into the details that really matter, with summarising them into clear conclusions.

There is a broad structure to Business Analysis:

1. Establish the current state (where are you starting from. No, really, where…)

2. Design future state (from business, customer, user, compliance, etc. needs)

3. Evaluate the gap (what needs to change to get from current to future state)

4. Identify + analyse options (how might we best address the gap with skills, data, tech, processes)

5. Support change (define, plan and support change projects, waterfall or Agile)

6. Retrospective & iterate (create a feedback loop - what have we learned for future change?)

The ideal BA Analyst is creative, curious, strategic and determined; always checking back that any details fit within the context of the big, strategic goals. Great BAs are also professional business consultants, able to provide their insights like consulting and advisory services. They create clarity + confidence, to help unblock progress and energise change. That's what we mean by 'business analysis to believe in'.

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How Applied Wisdom approaches help

Applied Wisdom brings tools, techniques and experience that help you analyse and understand your situation options quickly and with clarity. We augment the wisdom already in your team, and bring extra perspectives on:

• Curiosity
• Analysis
• Design
• Innovation
• Quality

Our business & consulting approaches are designed to be iterative and scalable, so they start from half-days, and scale up to various sizes of analysis, design, implementation and transformation projects.

These analysis services fit within our three phase model, which helps you get clear, get organised, and get outcomes.

If you're curious, in need of clarity and confidence, or going round in circles, then please get in touch to discuss your 'now, next and options'…

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