FAQ

What does a business analyst do?

In a nutshell, a business analyst bridges the gap between the business and the IT team. They access business processes, determine requirements, provide recommendations, and report to stakeholders and executives. Business analysts initially ask numerous questions about your business, processes, goals, the software idea, and vision. They use data analytics to understand what changes to development processes, features, and tools can improve the product’s or service’s value. Typically, the job of an IT business analyst includes outlining problems, solutions, and opportunities for a business, creating time and cost estimates, planning and monitoring, reporting, defining business requirements, prioritizing and documenting them.

How much do business analysis services cost?

Since every development project is unique, there is no one way to do business analysis, especially BAaaS. Hence it’s hard to give an exact price. Some projects require up to several hours to identify your or your customer’s pain, competitors, and market trends and compile a list of efficient development tools. Then some projects need complex multistage analysis. In addition, a BA’s work involves constant communication between stakeholders and the development team. The more people are involved, the longer it may take to sign off all the essential documents. Finally, where you hire your business analyst can affect the price. Thus, a business analysis company in the USA will charge around $50–$70 per hour, while in an offshore country, a BA will charge something between $20–$30 per hour. Summarizing it all, we can say that in our experience, business analysis services cost roughly 8–12% of the total project cost.

What is the importance of business analysis in software development?

Business analysis is a vital part of the development process. A BA looks into the scope of your project, establishes the standards and requirements it should meet, facilitates communication between stakeholders and the IT team, and supports the project implementation. Skipping IT business analysis consulting, you risk getting incomplete software that doesn’t solve the problem it should. In this case, you’ll have to rebuild it, spending more resources than expected. Another reason you should get BAaaS is that a BA works as an interpreter between you and your IT team. They translate your requirements into clear tasks the developers can work on. And reporting back to stakeholders, a business analyst in software development will break down technical complexities so they can easily understand what’s happening.

How to choose a business analysis provider for software development?

First off, we recommend you check the business analysis company’s portfolio and client reviews to ensure their BAaaS can meet your expectations. Then, you’ll probably want to interview their specialists. First, a BA should be a good communicator, problem-solver, and critical thinker. They should be able to work through challenging situations and involve the right people at the right time. Further, a business analyst should be able to select the right tools for your project instead of using their go-to set. Finally, great business analysts are proactive, committed to deadlines, and have solid project management skills. Full-cycle software development companies are more likely to provide the opportunity for a business analyst to dive deep into all aspects of software development. And if you’re happy with the results of the business analysis services, you can fast-start the development since the IT team is readily available.

How often do entrepreneurs use the services of business analysts?

They are becoming increasingly important for businesses of all sizes. Many entrepreneurs recognize the value of having a skilled business analyst to help them make informed decisions, improve efficiency, and drive growth. The frequency with which entrepreneurs use business analysis (BA) services can vary depending on several factors, including:

Business size and complexity: Larger and more complex businesses are more likely to require ongoing BA support.

Industry: Some industries, such as technology , manufacturing or finance, has a higher demand for BA services.

Stage of business: Startups and growing businesses often benefit from BA services to define their strategy and optimize operations.

Specific needs: Entrepreneurs may seek BA services for specific projects or challenges, such as product development, process improvement, or market analysis.