The Agile Extension to the BABOK® Guide is the leading guide for describing the benefits, activities, tasks, skills, and practices required for effective business analysis with an agile
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Business decisions can easily be based on personal and individual experience, expertise, and instinct. Business data analytics reduces cognitive and personal biases by using data as the primary
Business Simulation is a set of techniques used to model an outcome or a real-world scenario where the degree of uncertainty is high. Simulation produces reasonably good decision aids for
Data flow diagrams show where data comes from, which activities process the data, and if the output results are stored or utilized by another activity or external entity.
Exploratory data analysis (EDA) is an approach used to maximize the insights gained from data by investigating, analyzing, and summarizing data to uncover relevant patterns. Exploratory data
Hypothesis formulation and testing is used in business decision-making where business hypotheses are formulated in a rigorous manner to avoid purely empirical decisions. It is primarily used in
Stakeholder List, Map, Personas assists the team in analyzing stakeholders and their characteristics. From a business data analytics perspective, this technique can be used to understand how
The “big idea” is a concept that helps analysts communicate an important foundational or central insight to stakeholders. By removing extraneous information, the stakeholders better understand
A 3-minute story is used to describe certain aspects of an analytics engagement. The explanation can include the intent, key findings, relevant business decision, or a recommendation