Business analysis is to interface with key stakeholders to understand a business's needs, structure, policies, and operations to develop solutions that enable the organization to achieve its goals and objectives.

Business analysis plays an essential role in every organization. The business analyst performs tasks, such as eliciting, analyzing, and documenting business requirements. He/she conducts gap analysis, develops business cases, identifies areas for process improvement and organizational change. Besides, the business analyst develops strategic plans and policies that drive an organization towards a better future.

An organization can leverage business analysis to achieve its strategic goals by identifying and implementing specific changes. The nature of change can be strategic or structural, sometimes involving changing various policies and processes within an organization to compete better in the market.

Organizations can improve their strategic and technical skills by understanding the current market scenario with the help of business analysis. It helps them identify what is their current position in the market compared to competitors.

Organizations can improve their strategic and technical skills by understanding the current market scenario with the help of business analysis. It helps them identify what is their current position in the market compared to competitors.

There are many facets to business analysis. Some examples include:

• performing feasibility studies,
• risk assessment and mitigation plan,
• identifying and defining new business opportunities, and
• writing a detailed business case.