Business Analysis is defined as an investigation into the operations of an enterprise aimed at understanding every aspect of the enterprise’s functioning including its processes, people and performance.

The need for comprehensive business analysis was felt with the growing dependence of companies on custom applications built to meet their specific requirements as against purchased software. Millions were being spent on designing and developing complex enterprise systems without giving enough attention to the processes and people who will ultimately use these systems Enterprise IT solutions can be made more effective if the process of building them is preceded by a thorough and detailed business analysis. Business analysis also gives management business intelligence, and allows them to study business performance, explain shortfalls in performance and devise strategies for improvement Business analysis is a crucial first step in the software consulting process because it identifies enterprise needs and helps build IT solutions aligned to these needs

IbleSoft Approach to Business Analysis
Business analysis goes through a series of well-defined steps. It starts from gaining a basic understanding of the business and goes on to the final design, deployment and validation of the IT solution to meet the organization’s needs most effectively. The following is the list of steps in the business analysis process follow by IbleSoft:

•  Understanding the business
•  Competitor Analysis
•  Market Analysis
•  Defining Project Scope and Objectives
•  Requirements Gathering
•  Requirements Analysis and Documentation
•  Communicating Requirements
•  Designing the Solution
•  Implementation and Testing the Solution