Why do you need business analysis?
Business Analysis is the set of processes, techniques & methods required to identify business needs and determine solutions to problems faced by a business, whether they are internal or external. Although the general definition is similar, the specific practices and procedures may vary in various industries.
A business analyst is someone who analyzes your organization and documents its business, processes, or systems, assessing the business model or its integration with technology. And by creating this database, they find inconsistencies, problems which ultimately leads to finding a solution.
Market Analysis
No matter how brilliant your idea or product or service is, it needs something called “Market Viability”. How do you know that your product is viable given the market conditions? MARKET ANALYSIS.
It is a realistic data-driven prediction of whether your business can succeed in current market conditions. Whether you’re a small, medium, or large company, a public or private firm, a product or a service, Market Analysis is an absolutely necessary step and should not be overlooked.
Here are some of the things we cover in our Market Analysis,:
1. Market Size, 2. Growth Rate, 3. Consumer Base, 4. Industry leaders & competition, 5.Geographical Research, 6. Complementary & Supplementary market analysis
These give you an idea of the scope of the market in general. The bigger the market, the higher the no. of potential customers. The higher the growth of a market, the higher the chances of growth of your business. On top of that, we also study your competition, existing products & benchmarks. And using data analytics and market study, we give a report on where your company is likely to stand in today’s business climate.
Business Requirement Analysis and Documentation
Every product or service in the market is created in response to a business need. Even so, we often find ourselves in situations where, despite time and resources, there’s a mismatch between what has been created and what is actually needed.
A focused and detailed business requirements analysis can help you avoid this. It helps you discover, analyze, define, and document the requirements that are related to a specific business objective. And it’s the process by which you clearly and precisely define the scope of the business so that you can assess the time and resources needed to complete it.
Why Outsource your BA requirements?
- No bias: Your business and it’s operations look really different to a third party as they are unbiased and will come to conclusions more objectively while also providing a new perspective.
- Specialization: Leaving certain business processes to experts is always better. Business Analysts have experience with multiple businesses, industries, scale of business and are quicker to identify your strengths, weaknesses & patterns.
- Comprehensive Analysis: They assess every aspect of your business whether it’s employee satisfaction, marketing, customer relations, the management or simply your logistics at a micro level as well as a macro level giving you a wholesome report on your business.
Let Us Know?
What We Offer You?
Respect for timelines
At DigiAge Media time is our inventory and more than we value our time, we value the time of our clients. On time delivery is our strong suit.
At DigiAge Media time is our inventory and more than we value our time, we value the time of our clients. On time delivery is our strong suit.
Professional & Dedicated Team
A dedicated and skilled team of Subject Matter Experts who are motivated to bring out the best possible outcome.
A dedicated and skilled team of Subject Matter Experts who are motivated to bring out the best possible outcome.
24*7 Support
We are workaholics and we believe that work transcends day and night barriers. Our founders strongly believe that opportunity can knock any time and so can a customer or client.
We are workaholics and we believe that work transcends day and night barriers. Our founders strongly believe that opportunity can knock any time and so can a customer or client.