Business Analysis (BAPL) – delivering exceptional business analysis outcomes

^Highlights

Business Analysis (BAPL) is a consultancy practice that specialises in delivering exceptional business analysis outcomes. We save organisations time, money and improve the products and services they deliver to their customers, through exceptional business analysis. Everything we do and strive for is to challenge traditional ways of thinking and enable delivery success.

Business Analysis (BAPL) is a consultancy practice that specialises in delivering exceptional business analysis outcomes. We save organisations time, money and improve the products and services they deliver to their customers, through exceptional business analysis. Everything we do and strive for is to challenge traditional ways of thinking and enable delivery success.

Our CEO Tim Coventry (BAPL CEO and Presenter at the ACE Tech Summit) has published a book co-authoring with Angela Wick called Futureproof: Amplifying Business Agility with AI and Insightful Business Analysis.

“In our rapidly changing world of technological and artificial intelligence (AI) advancements, the demand for organisations to undergo metamorphic transformations is increasing. Their success, and, in many cases, their survival will rest on their ability to adapt, pivot, and respond to the speed and complexity they face. Business analysis will be a critical competency in an organisation's ability to keep up.” - Tim Coventry and Angela Wick

Why the urgency with business survival?

We have seen it for decades now—the lifespan of organizations is shrinking. McKinsey found the lifespan in 1958 was 61 years in 1958 and 18 years now. By 2027, staggering 75% of the companies currently quoted on the S&P 500 will have disappeared. We all know the stories behind Kodak, Nokia, and Blockbuster which was due to unethical behaviour but more recently let’s see who is struggling to make money: Uber Technologies, Rivian Automotive, Carnival, WeWork, Carvana, Core Scientific, and Boeing.

Ethics “The Forbes 30 Under 30 have collectively raised $5.3B in funding,” the tech entrepreneur Chris Bakke tweeted. “The Forbes 30 Under 30 have also been arrested for frauds and scams worth over $18.5B. Incredible track record.”

As we enter the 5th Industrial revolution, we are at the evolving stage of the software driven economy. The rise of global technology companies (FB, AMZN, GOOGLE, AAPL, MSFT, TSLA, BMW) has seen the acquisition of competitors & dominated revenue to become a powerful force in the global economy. The success of all these companies have been within their software engineering capability. In fact 4 of the top ten companies were founded by software developers! Apple, Microsoft, Facebook and Google

The survivors will be those who innovate, adapt and dominate business agility. Usability of software, customer satisfaction, and customer experience will be the baseline. The competitive landscaping in organisations is changing and the pace has not yet been felt.

The future of business survival is Business agility

What is business agility? Business agility is not using an Agile “methodology“ but is the ability of an organization to rapidly adapt to market and environmental changes in productive and cost-effective ways. It includes an innovative mindset as a means coming up with new ways to do things. You can change processes or create more effective products and ideas. Innovation can help you save time and money. It's also key to your business developing a competitive advantage and creating a culture of innovative thinking and problem-solving. Business agile organisations are also adaptive, in that it can see change coming by analyzing the customer information it acquires, and fluid, in that it has an ability to reconfigure itself around new customer needs and emerging experience scenarios. It can see the need for change.

But in the future with AI software will no longer be the critical path

“With GenAI, and other AI advances, we believe that development will no longer be the longest task to complete on the critical path, and analysis will be. Analysis will need to transition dramatically in how it is seen, managed, and integrated into the work the organization does. Bad and ugly analysis will cost organizations even more.” - Tim Coventry and Angela Wick

The critical path will now be the speed and quality of analysis with AI

Business Analysis is the practice of enabling change in an organizational context, by defining needs and recommending solutions that deliver value to stakeholders. - International Institute of Business Analysis

The really great thing is everyone does business analysis! The bad thing is everyone does business analysis as not everyone is trained and certified in it!

All CEOs and senior managers perform business analysis, along with many in their organization! Business analysis is about creative thinking, problem-solving, analysis, synthesis, root cause analysis and decision-making at all levels of the organization to solve problems or take advantage of opportunities.

Everyone in the world performs business analysis in their life and work, whether it is choosing a school for their kids, buying a car, buying food from a supermarket, or defining a strategy for a multimillion-dollar organization. However, not everyone is good at performing business analysis within the complexities of today’s organizations due to not being trained, certified, or experienced in the skills, techniques, tasks, and competencies.

Business analysis is a discipline in which individuals, often known as business analysts, evaluate an organization's strategies, processes, business rules, data, events, locations, people, systems, and structures to understand how they function and to identify areas for improvement. The primary goal of business analysis is to enable organisational change by defining needs (strategies) and recommending solutions often using technology that delivers value to customers and the organization, measured in business results.

What does good business analysis have to do with AI?

So if we look at the characteristics of business agility and AI first organisations we see the application of many core competencies of business analysis: creative thinking, problem-solving, analysis, synthesis, and root cause analysis to solve problems or take advantage of opportunities. However, the biggest is the competency of tracing! Tracing is the most powerful Superpower for organisations to be agile. Knowing the connection between strategy, initiatives and delivery is the pathway to success rather than failure

Good business analysis helps organisations:

Focus on organizational results; Increasing Revenue, Decreasing Expense or depth of Product or Service
Customer Obsession: High degree of accurate measurements of behaviours: product or service purchase, repurchase and recommendation
Understand clearly who their competition is in the market
Pace rather than speed alone, staying ahead of the competition
Data-driven: using descriptive and predictive data and iterative feedback to realign the strategy
Trace from strategy to delivery

In an AI-immersed world, business analysis is the catalyst between strategy and organisational change. - Tim Coventry and Angela Wick

Mix the above good business analysis with speed of AI and you have the secret sauce. The challenge is that many businesses have never experienced the true potential of exceptional business analysis.

Futureproof: Amplifying Agility with AI and Insightful Business Analysis by Angela Wick and Tim Coventry is available at Amazon books.

If you need expert business analysis services to help solve problems or take advantage of opportunities, please contact BAPL at www.business-analysis.com.au or info@business-analysis.com.au