Business Analytics and Analysis: Recent Episodes

Rae

Business Analytics and Analysis is your podcast on all things tied to the skill set of Business Analysis in the field of Analytics.

The global big data and business analytics (BDA) market was valued at 168.8 billion U.S. dollars in 2018 and is forecast to grow to 215.7 billion U.S. dollars by 2021.

Whether you are a new Analyst in the analytics sphere or an existing Analyst, this podcast is for you.

You can visit our website at: baknowledgeshare.com Facebook Group: https://www.facebook.com/groups/382157632672899/

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If you find value in these episodes please subscribe and hit the bell icon to get the latest episodes. In this episode, I talk to Ananya, an entrepreneur, Author, and Fitness Enthusiast who works actively to bring women back to work and constantly strives for a greener and healthier life. We cover a couple of topics around why get certified in Business Analysis, how one prepares for these certifications, the types and certifications out there and how AI will impact the role of a Business Analyst. Ananya has been honored with Forbes Next 1000 Honorees for 2021 along with recognition for her work from a few other industry bodies, She is a regular blogger on various popular journals and websites on Business Analysis, management, and leadership-related topics. She is on a mission to help BA professionals build successful careers and leverage their potential to achieve more. She is a the co-founder of Adaptive US, a business analysis skill development organization, and manages customer experience, sales, and growth operations. Adaptive US is currently one of the top 3 global BA skills development organizations.

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In this interview with Grant Wright we talk about Visual Thinking and how it can be used as a valuable tool for Business Analysts. Grant is a Visual thinker who helps organisations better articulate problems, generate ideas & co-create solutions. You can connect with him on Linked at linkedin.com/in/grantwwright. To learn more about how you can used Visual Thinking in Business Analysis listen to the interview. Visual thinking involves seeing things in your mind's eye and then externalizing your thoughts in some way to help you make sense of things, explore ideas in groups, explain things to others, and much more. Visual thinking has become popular in the past ten years and often takes the form of hand-drawn visuals, but it does not have to be that way. Visual thinking can be used in various business applications, such as the five types of visual thinking types: visual analyst, visual co-creator, visual reporter, visual storyteller, and visual designer. Visual thinking can be applied to business analysis to improve data interpretation and decision-making by being conscious of how to visualize data to make a point, using metaphors combined with visuals to give data more meaning, and removing all unnecessary noise. Various visual thinking techniques, using hand-drawn visual elements, leveraging metaphors and visual storytelling, can be used to make many existing BA techniques more engaging and memorable. Visual thinking can be used throughout the BA life cycle, from situation investigation and understanding to learning and self-development. Visual thinking aids in the identification of business process improvements by using visual templates and canvases to help explore what is holding back the current process, and Rich Pictures or user journeys annotated with visuals to make sense of the "as-is" state and highlight opportunities for improvement. Visual thinking can be used to develop innovative business strategies by getting people to visualize different perspectives, providing structure to strategic conversations using mental models and visual templates. Visual thinking can be used to enhance collaboration between business analysts, stakeholders, and other team members by drawing something to make sense of it and then sharing it with others. Co-creating in groups can provide more perspectives, build on each other's ideas, combat the loudest/most senior person in the room syndrome, and absorb more complexity. Visual thinking can be used to present complex data in a way that is accessible and understandable to non-technical stakeholders by using storytelling and metaphors to make things more relatable.

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In this episode, I talk to Laura Brandenburg, ACBA, CBAP about Leaning into Business Analysis. We talk about how can one get into the field, What qualities does one need to become a Business Analyst as well as resources that you can use in your journey to becoming a Business Analyst. 

Laura Brandenburg, ACBA, CBAP, internationally-recognized leader known for helping mid-career professionals start and succeed in business analysis careers. She is the founder of Bridging the Gap, the best-selling author of How to Start a Business Analyst Career, and the creator of The Business Analyst Blueprint® certification program and the Applied Certification of Business Analysis™ (ACBA).

You can find more Bridging the Gap here: http://www.bridging-the-gap.com

Laura brings nearly 20 years of experience in the business analysis profession, filling several different full-time business analyst positions, as well as contributing as a consultant, hiring manager, trainer, and career coach. She believes that we build our profession one business analyst at a time, and her life purpose is to help others achieve more confidence and live their best life.

If you find value consider following or subscribing to this podcast!

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Check out our latest podcast on "Databases through the ages: From scientific calculations to big data analytics" #databases #DBMS #datawarehousing #businessintelligence #bigdata #datamining #OLAP #InmonArchitecture #KimballArchitecture #businessanalysis Check out our Business Analysis Foundational Templates! Get them now at baknowledgeshare.com/downloads/business-analysis-foundational-templates/. We also offer flashcards for key terms in business analysis, available at baknowledgeshare.com/downloads/cbap-ccba-ecba-key-term-flashcards/. Don't forget to subscribe to our channel to stay updated on our latest offerings. Visit our blog at baknowledgeshare.com and follow us on Facebook at m.facebook.com/groups/382157632672899/?ref=pages_profile_groups_tab. Thank you for your support!

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Check out our latest podcast and video on "Unlocking the Secrets of Product Management, Product Ownership, and Business Analysis: Similarities and Differences"! Discover the unique responsibilities and skill sets required for each role, and learn how they work together towards the common goal of delivering valuable products and services to customers. Don't miss out!

ProductManagement #ProductOwnership #BusinessAnalysis #AgileMethodologies #ProductDevelopment #StrategicThinking #CustomerFocus #DataAnalysis #RequirementsGathering #CrossFunctionalTeams #BusinessObjectives #CustomerNeeds Check out our Business Analysis Foundational Templates! Get them now at baknowledgeshare.com/downloads/business-analysis-foundational-templates/. We also offer flashcards for key terms in business analysis, available at baknowledgeshare.com/downloads/cbap-ccba-ecba-key-term-flashcards/. Don't forget to subscribe to our channel to stay updated on our latest offerings. Visit our blog at baknowledgeshare.com and follow us on Facebook at m.facebook.com/groups/382157632672899/?ref=pages_profile_groups_tab. Thank you for your support!

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The podcast covers the use of ChatGPT, a natural language processing tool, for data analysis in various industries such as finance, healthcare, marketing, and customer service. ChatGPT can analyze unstructured data such as social media posts, customer feedback, and patient feedback to identify patterns, trends, and concerns. However, there are limitations and ethical concerns to using machine learning tools for data analysis. The content also provides a brief guide on how to use ChatGPT to analyze data in Excel. Check out our Business Analysis Foundational Templates! Get them now at baknowledgeshare.com/downloads/business-analysis-foundational-templates/. We also offer flashcards for key terms in business analysis, available at baknowledgeshare.com/downloads/cbap-ccba-ecba-key-term-flashcards/. Don't forget to subscribe to our channel to stay updated on our latest offerings. Visit our blog at baknowledgeshare.wordpress.com and follow us on Facebook at m.facebook.com/groups/382157632672899/?ref=pages_profile_groups_tab. Thank you for your support! #ChatGPT #DataAnalysis #NaturalLanguageProcessing #UnstructuredData #Excel #CustomerFeedback #SocialMedia #MachineLearning #Insights #CustomerSatisfaction #FraudDetection #Healthcare #Marketing #BusinessAnalysts #Technology #AI #DataScience

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In this interview, David provides some eye-opening thoughts in emotional intelligence and its role in Business Analysis. To reach David to learn more about Emotional Intelligence you can reach him at davidm@softed.com. David Mantica is the VP and General Manager for SoftEd US. Fueled by his passion for developing empowered knowledge workers through training and coaching, he helps companies develop their teams with the critical skills to stay effective in the face of VUCA. Drawing from his experience having successfully building and selling his B2B training firm (growing it from $0 to $13M in seven years), David speaks on the impact of technology on leadership and management, helping organizations cope with the ever-changing demands and complexities of modern business. With over 27 years of experience and more than 700 speaking engagements, he has inspired better work practices in marketing, product management, project management, software development, executive management, and other key areas of technology and business operations. David resides in Raleigh-Durham, NC, where he provides consulting to business owners. Driven by his love for helping people grow while maintaining their mental health, he also mentors several rising executive leaders, providing pro bono career coaching services that utilize his Career Insurance methodology. Link to purchase the foundational template: https://baknowledgeshare.com/downloads/business-analysis-foundational-templates/ Visit our website at https://baknowledgeshare.com/downloads/cbap-ccba-ecba-key-term-flashcards/ to purchase flashcards for business analysis key terms. Thank you for visiting this channel. Do consider subscribing to this channel to get notified of updates. Blog: https://baknowledgeshare.wordpress.com/ Youtube:https://www.youtube.com/channel/UCxYpJeB0WFbamL4yRz8DmMA Facebook: https://m.facebook.com/groups/382157632672899/?ref=pages_profile_groups_tab

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In this episode, Paolo talks about the demand for Business Analysts in a world of AI The purchase or read Paolo's book go here: https://paolo.sammiche.li/ About Paolo: Paolo Sammicheli is an Italian entrepreneur, International Speaker, and Author of the books "Scrum for Hardware," the first significant publication in the world on the topic, and "Scrum in AI - Artificial Intelligence Agile Development with Scrum and MLOps," with the foreword by Jeff Sutherland, co-author of Scrum and the Agile Manifesto. Today Paolo works as an Agile Business Coach, specialized in Scrum, Scrum@Scale, Kanban, Design Thinking, and Lean Startup, helping organizations uncover better ways to delight their customers. Scrum and Scrum@Scale Trainer for Scrum Inc, Lean-Agile Procurement Trainer, and Management 3.0 Facilitator. Executive Certificate in Management and Leadership from MIT Sloan School of Business. Link to purchase the foundational template: https://baknowledgeshare.com/downloads/business-analysis-foundational-templates/ Visit our website at https://baknowledgeshare.com/downloads/cbap-ccba-ecba-key-term-flashcards/ to purchase flashcards for business analysis key terms. Thank you for visiting this channel. Do consider subscribing to this channel to get notified of updates. Blog: https://baknowledgeshare.wordpress.com/ Youtube:https://www.youtube.com/channel/UCxYpJeB0WFbamL4yRz8DmMA Facebook: https://m.facebook.com/groups/382157632672899/?ref=pages_profile_groups_tab

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Have you ever wanted to know what does it take to build a career in Business Analysis? Look no further and listen to Sandhya Jane.

With a Master's degree in Information Technologies from the University of Central Missouri, Sandhya Jane has been working for over two decades in the global corporate environment including some of the leading investment banks and firms in Manhattan, India, and Hong Kong.As an author, she penned three books(Second Spring (Contemporary Romance, Sojourn of Life (poetry) and Business Analysis: The Question and Answer Book (Business Analysis and Project Management book suitable for professional certifications). Sandhya also writes regularly on various topics such as technology, management, and other motivational topics for leading websites and an Indian newspaper.

She has traveled widely across the globe for work assignments, giving her a unique niche at many different cultures and regions. Currently, she travels and spends time primarily in Hong Kong, Tokyo and Mumbai.

Link to purchase the foundational template: https://baknowledgeshare.com/downloads/business-analysis-foundational-templates/ Visit our website at https://baknowledgeshare.com/downloads/cbap-ccba-ecba-key-term-flashcards/ to purchase flashcards for business analysis key terms. Thank you for visiting this channel. Do consider subscribing to this channel to get notified of updates. Blog: https://baknowledgeshare.wordpress.com/ Youtube:https://www.youtube.com/channel/UCxYpJeB0WFbamL4yRz8DmMA Facebook: https://m.facebook.com/groups/382157632672899/?ref=pages_profile_groups_tab

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In this interview, with Marie, we go over recruitment trends in the tech industry. We go over why are we seeing layoffs and how to best prepare to land a job if you get laid off as Business Analysts.

Resources mentioned in the podcast:

Data on Layoff: layoffs.fyi

Linked in interview prep: https://www.linkedin.com/interview-prep/assessments/urn:li:fsd_assessment:(1,a)/question/urn:li:fsd_assessmentQuestion:(10011,aq11)/

Google Interview Prep: https://grow.google/certificates/interview-warmup/faq/

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Information about Marie Zimenoff: Marie Zimenoff knows career services have the power to change lives. She began her career as an advisor and recruiter in higher education while completing her M.Ed. in Human Resource Studies and Career & Counseling Development. In 2008—the peak of the Great Recession—Marie left the university to start her business. Inspired by a passion for making a difference in the industry, as CEO of Career Thought Leaders and Resume Writing Academy, she trains career professionals around the globe in resume writing, career coaching, and business development. She has delivered hundreds of career and leadership development programs, designed curricula, and provided staff training in workforce, corrections, university, community college, and business environments. She has been quoted in Forbes, Fast Company, Dice, Yahoo!, MarketWatch, and other regional and national news outlets on careers topics and hosts a weekly radio show, The Career Confidante, on VoiceAmerica radio. You can learn more about Career Thought Leaders at www.careerthoughtleaders.com

**** Link to purchase the foundational template: https://baknowledgeshare.com/downloads/business-analysis-foundational-templates/ Visit our website at https://baknowledgeshare.com/downloads/cbap-ccba-ecba-key-term-flashcards/ to purchase flashcards for business analysis key terms. Thank you for visiting this channel. Do consider subscribing to this channel to get notified of updates. Blog: https://baknowledgeshare.wordpress.com/ Youtube:https://www.youtube.com/channel/UCxYpJeB0WFbamL4yRz8DmMA Facebook: https://m.facebook.com/groups/382157632672899/?ref=pages_profile_groups_tab

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In this episode, we cover Risk Management and Analysis for Business Analysis. What is Risk Management and how do you conduct Risk Analysis, listen and watch this video for more information.

++++ Link to purchase the foundational template: https://baknowledgeshare.com/downloads/business-analysis-foundational-templates/

Visit our website at https://baknowledgeshare.com/downloads/cbap-ccba-ecba-key-term-flashcards/ to purchase flashcards for business analysis key terms.

Do consider subscribing to this podcast to get notified of updates.

Blog: https://baknowledgeshare.wordpress.com/

Youtube:https://www.youtube.com/channel/UCxYpJeB0WFbamL4yRz8DmMA

Facebook: https://m.facebook.com/groups/382157632672899/?ref=pages_profile_groups_tab

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Interview with Kent Mcdonald on Products and more for Business Analysts. 

If you would like to be featured as a guest on this podcast email baknowledgeshare@gmail.com

Great podcast with Kent who writes about and practices software product management. He has product development experience in a variety of industries including retail, fintech, agriculture, financial services, health insurance, nonprofit, and automotive. Kent practices his craft with a variety of product teams and provides just-in-time resources for product people at insideproduct.co. In this episode we go over everything from starting a project as a Business Analyst to the difference between Product Vs Project. Take a listen.

++++++++ Kents information: Website: insideproduct.co

Books can be purchased on amazon at: (Note these are not affiliate links) https://www.amazon.com/Beyond-Requirements-Analysis-Software-Development/dp/0321834550/ref=sr_1_1?crid=3MJBVYLPCXWJT&keywords=kent+mcdonald&qid=1674161517&sprefix=kent+mcdonald%2Caps%2C120&sr=8-1 https://www.amazon.com/How-Be-Agile-Business-Analyst/dp/1087882605/ref=sr_1_2?crid=3MJBVYLPCXWJT&keywords=kent+mcdonald&qid=1674161535&sprefix=kent+mcdonald%2Caps%2C120&sr=8-2

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Show Notes:

Welcome to Business Analytics and Analysis Episode # xxxx. topic around problem-solving

Effective problem-solving is an important skill for business analysts to have. By following a structured approach and clearly defining the problem, generating potential solutions, and carefully evaluating and implementing the chosen solution, you can effectively tackle any challenge that comes your way.

As a business analyst, you will be faced with a variety of challenges and will need to come up with creative solutions to solve them. As an example, may be you are working as a Business Process Analyst trying to understand why does it take 10 minutes for a call center employee to complete a call. In this case you would want to use some problem solving skills and techniques to determine what the problem actually is.

In this episode, we will discuss some strategies and tips for effective problem-solving as a business analyst.

One key to effective problem-solving is to take a structured approach. This means breaking the problem down into smaller, more manageable pieces and tackling each piece one at a time. This allows you to focus on specific aspects of the problem and come up with solutions more efficiently.

In our exam of the Business Process Analyst, there is a 10 minute time frame. May be you break this down into chunks of - Time taken at the beginning of the call, the middle and the end and you analyze the 3 problems.

Another important aspect of problem-solving is to clearly define the problem. This may seem obvious, but it's easy to get caught up in trying to solve a problem without fully understanding what it is. Make sure to take the time to thoroughly understand the problem, including its root cause and potential impacts.

You can use a technique called root cause analysis to determine the root cause of the problem. It could very well be that there are a number of them such as:

  1. The systems are slow
  2. There aren’t any Standard Operating Procedures and more

Once you’ve identified the cause, and you have a clear understanding of the problem, it's time to generate potential solutions. This can be done through a variety of methods, such as brainstorming, SWOT analysis, or using a decision matrix. It's important to come up with as many potential solutions as possible, even if some of them seem far-fetched. The more ideas you have, the more likely you are to find a solution that works.

After you have a list of potential solutions, it's time to evaluate them. Consider factors such as feasibility, cost, and potential impact. From there, choose the solution that best meets your needs.

Implementing the solution is the final step in the problem-solving process. Be sure to clearly communicate the solution to those who will be implementing it, and make a plan for how it will be implemented and tracked.

There are many different problem solving techniques that you can use, depending on the nature of the problem you are facing. Here are a few common ones:

  1. Brainstorming: This involves getting a group of people together and encouraging them to come up with as many ideas as possible, without judging or evaluating them. This can help generate a wide range of potential solutions.
  2. SWOT analysis: This is a tool used to evaluate the strengths, weaknesses, opportunities, and threats of a situation. It can be helpful in identifying potential solutions and making decisions.
  3. Decision matrix: This is a tool that allows you to evaluate potential solutions based on a set of predetermined criteria. It can help you choose the best solution based on objective factors.
  4. Root cause analysis: This involves identifying the underlying cause of a problem, rather than just treating the symptoms. By addressing the root cause, you can more effectively solve the problem.
  5. Six Sigma: This is a data-driven approach to problem solving that aims to identify and eliminate defects in a process. It involves using statistical analysis to understand and improve processes.
  6. Design thinking: This is a creative approach to problem solving that involves understanding the needs of the user, prototyping and testing potential solutions, and iterating based on feedback.
  7. PDCA (Plan-Do-Check-Act) cycle: This is a four-step process for continuous improvement. It involves planning a change or solution, implementing it, checking to see if it was effective, and making adjustments as needed.
  8. The 5 Whys: This is a simple technique for getting to the root cause of a problem. You ask "why" something happened, and then ask "why" again for each answer, until you reach the root cause.

These are just a few of the many problem solving techniques that you can use. It's important to choose the right technique for the specific problem you are facing, and to be open to trying out different approaches.

In conclusion:

  1. Problem-solving is a crucial skill to have for a business analyst
  2. Use a structured approach for problem-solving
  3. Use techniques that you can find in the BABOK guide or a few that were mentioned here for problem-solving

For links and show notes visit the website baknowledgeshare.com and our youtube channel. Do you have any systems or steps that you use for problem-solving? If you would like to be a guest on this show email baknowledgeshare@gmail.com

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Visit our website at: Baknowledgeshare.com

Visit our youtube channel BAKnowledgeShare

Let's understand what chat GPT is in simplest terms,chat GPT is an Ai based chat bought that can provide tons of benefits to business and data analysts.This artificial intelligence bought can answer questions and write essays and program computers.This was released in November of 2022 to show off and test what a very largepowerful Ai system can accomplish. Take a listen to the podcast. 

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Visit our website at: Baknowledgeshare.com

Visit our youtube channel: BAKnowledgeShare

Welcome to the B.A. Knowledge Share. If you like these videos, please subscribe and like the videos. As a business analyst, your job is to understand what are business goals and objectives. This video explains what is a business goal and objective and why is it important for you to understand what they are? Business goals and objectives are essential for the success of any organization. They provide a clear roadmap for what the business hopes to achieve and help to ensure that all employees are working towards common goals. As a business analyst, you want to tie any requirements back to business goals and objectives. It also ensures that there isn't any scope creep. Here are some more reasons why you need to be familiar with business goals and objectives. Goals and objectives provide direction without clear goals and objectives. It can be difficult for a business to know where it is going. By setting clear goals, a business can ensure that all employees are working towards a common vision and that their efforts are aligned with the overall direction of the organization. They help to prioritize tasks. Setting goals and objectives allows a business to prioritize tasks and allocate resources appropriately. This ensures that the most important tasks are completed first and that resources are used efficiently. They measure progress. Goals and objectives provide a way for a business to measure its progress and determine whether it is on track to achieve its desired outcomes. This allows the business to make adjustments as needed to stay on course. They motivate employees. Goals and objectives can be a powerful motivator for employees as they provide a clear sense of purpose and a target to work towards. By setting challenging, yet achievable goals, a business can motivate employees to give their best effort. They provide a sense of accomplishment. Achieving business goals and objectives can provide a sense of accomplishment and pride for both the business and its employees. This can help to build morale and foster a culture of success within the organization. In conclusion, business goals and objectives are essential for the success of any organization. They provide direction, help to prioritize tasks, measure progress, motivate employees and provide a sense of accomplishment by setting clear goals and objectives. A business can ensure that all employees are working towards common goals, and you, as a business analyst, can ensure that the requirements are on track. If you like what you see, consider subscribing to the be analyst chair and visit our website at B.A Knowledge Care.com. 

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Want to stay up to date on the latest Business Analytics information, views? Visit our website to get free training, articles on Business Analytics and Analysis.

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Want to stay up to date on the latest Business Analytics information, views? Visit our website to get free training, articles on Business Analytics and Analysis.

Webiste: www.baknowledgeshare.com

Join our facebook group at: https://www.facebook.com/groups/382157632672899/

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Want to stay up to date on the latest Business Analytics information, views? Visit our website to get free training, articles on Business Analytics and Analysis.

Webiste: www.baknowledgeshare.com

Join our facebook group at: https://www.facebook.com/groups/382157632672899/

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Want to stay up to date on the latest Business Analytics information, views? Visit our website to get free training, articles on Business Analytics and Analysis.

Webiste: www.baknowledgeshare.com

Join our facebook group at: https://www.facebook.com/groups/382157632672899/

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Want to stay up to date on the latest Business Analytics information, views? Visit our website to get free training, articles on Business Analytics and Analysis.

Webiste: www.baknowledgeshare.com

Join our facebook group at: https://www.facebook.com/groups/382157632672899/

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In this episode, I will go over some of the top tools used in analytics. 

Want to stay up to date on the latest Business Analytics information, views? Visit our website to get free training, articles on Business Analytics and Analysis.

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This is an episode written and produced by Jyothi