Business Analyst Benefits for a Software Development Project

People often confuse project managers and business analysts as they have seemingly similar responsibilities. Before we go into details of how business analysts can improve your product development, let’s figure out the difference between a business analyst vs project manager.

What is a project manager in business? A project manager is focused on keeping the development team on track while making sure they stick to the requirements BA has provided the team with. They’re reporting BA’s instructions to the team, planning how to distribute internal resources, organizing schedules, etc. It’s a low-level, tactical role.

A business analyst is a role that’s closer to stakeholders and end-users than to development tea, more high-level. People often transition to BA from customer support/success roles in software companies. The client-oriented business analyst skills help them stay attuned to a client’s wants. In-depth knowledge of a product or service allows them to translate high-level business requirements for software into clear technical instructions.

When to assign BA to a project? Product owners usually get BA on board at the early stage of development processes.

Business analysts:

Help make sense of product owners’  business ideas and figure out if it’s viable

Conducts market & competitors research

Comes up with various strategies &  technologies that will help to realize  and advance the project (including shifts  in the organization’s internal system/operations.)

Hiring a BA may be costly, but with their expertise and problem-solving skills, you’ll get a better understanding of market trends and tendencies, ensure the viability of the end product, get the main product benchmarks down, and gather analytics to choose the best monetization and customer acquisition strategy. You’ll also get a birds-eye view of the processes within your company and figure out what slows you down.

But let’s take a deeper dive into why BA’s expertise might be advantageous for your project.

Business Analyst Will Reduce Project Costs by Prioritizing Tasks and Features

According to Standish Group work referenced in the CPSQ 2020 report, only 35% of technology projects are fully successful in terms of keeping to the estimated schedule and finance milestones. High performance and, therefore, the success rate depends, in part, on how clear the development process & deliverables are and how precise estimates for the project are.

Business analysts, using market & internal data analytics, help you to refine and polish your value proposition (VP), the way it reflects in your product, and the way you should organize the business processes to deliver that VP to end-users.

With a clear roadmap for software business development, BA — alongside you and a product team — plan out development activities in the most efficient way. Simultaneously, they align the course of the roadmap with your & your stakeholders’ business goals and C-board vision.
That cuts costs of rework and overtime, reduces errors, and makes the collaboration between the development team and business leaders smoother across the organization.

Business Analysis Services for Software Development

For more than 10 years, we at Genius Software have been creating custom software, web, and mobile applications. Leading businesses — Webtrends Analytics, Deutsche Bank, Delphi, Honda, Cloudbeds, Pfizer and Martin Jay Digital — have requested our business analysis services.

Business efficiency is our main focus. We study your niche and customers and help you better define business requirements. That makes the product you want to build nail the product-market fit. We analyze your business model and find ways to transform it for better revenue and customer satisfaction.

Travel and Hospitality;
Real Estate (advertising and marketing tools, fee collection, notifications);
Human Resources (HR-platforms and toolsets);
E-Commerce (control panels, CRM platforms, management tools, API integration);
Retail
Entertainment and Media
Banking and Finance (digital services and improvement of financial operations);
Education
Healthcare (data storage and sharing)

How Genius Software Can Help Your Business

We are certified professionals with 10+ years of experience in first-rate custom software development. Each client defines unique business needs. Our expertise enables us to create solutions that bring them success. Let’s discuss the solutions we offer in more detail below.

Analyze Business Systems to Enhance Your Business

With Genius Software business analytics, you’ll know how to streamline and optimize your business processes and define clear expectations for performance within these processes. That’ll help your employees on all levels better connect their responsibilities to what impact they have on the end-customer. Simplifying the existing systems helps declutter communication, boost efficiency and predict possible risks. Procedure standardization also benefits developers. There’s less friction between different tasks so the product delivery is much faster.

Utilize Digital Platforms to Streamline Your Operations

We rely on diverse platforms to build solutions meeting our clients’ requirements. Among them are CRM platforms, booking & workforce management systems, and e-commerce solutions, distributed business automation applications, and others. The selected tools depend on your objectives, ambitions, and various standards. For instance, data standards, security specifications, etc. that are accepted or obligatory within your industry.

Services We Are Working With

Apart from business analysis services, Genius Software provides many services that drive our clients’ projects forward.

Team Augmentation

Bridge the gaps in your team’s expertise by collaborating with our stellar recruitment team. After analyzing your team’s composition, we’ll find you people who’ll fit into open roles so well you’d think they always have been there.

Dedicated Team

Speed up the development process with our dedicated team. They will deliver the expertise — and speed — you lack to amplify your development efforts.

R&D Office

Collaborate with a team from our R&D Office, with experts who can boost your product or services with an attentive, data-driven approach. Our developers, designers, QA specialists, and other people who you request for your assembled teams will adjust to your workflow and culture of doing things, communicate openly and commit to getting your product to a competitive edge.

For Startups

Gain confidence in your idea’s future potential. It’s important, especially considering that most startups burn through their runway building things that don’t solve their customers’ problems. Genius Software provides business analysis services and subsequent development of your product. We untangle the customer and market data to build a functional, winning product strategy.

Product Discovery

Your audience always has feedback you need to hear. Use our customer, market, and competitor research capabilities to work through your business hypotheses about how your product can fit in the industry. Reduce uncertainties by getting our UX researchers to survey your audience. Find out their needs and wants your product can address. Eventually, have a plan for a product made for people that’ll love it.

PoC Development

Developers create a Proof-of-Concept that lets you test the results of previous research among real users and then show it to potential investors before starting a full-scale development. PoC is a good asset in both confirming your customer experience findings among a few people and attracting funds. Investors will trust you more if they have a product to try (and evidence that you have users who’ve enjoyed it.)

MVP Development

MVP is your “skeleton” version of a product — if a skeleton was the most important part of a body. Our engineers build it for you, you could show it to many people. For instance, you could create a landing page explaining its value and offering an MVP out.

Engineering

Genius Software’s experts assist you through every phase of software engineering. From analysis and development to testing and launch — our development team can step in anytime.

Web Development

Genius web developers can build websites and PWA from scratch per your request. If you’d like to see conversions grow or enhance existing web resources – this is for you. Most complex features & functionality requirements will be implemented.

Mobile Development

Mobile presence is a necessity in 2021. Most users are browsing via smartphones and some users are mobile-only. We develop mobile apps with React Native and Flutter — for Apple products and Android-based products, and do native mobile engineering. Choose the option that fits your budgets & timeframes.

Product Development

Get our experts to co-develop the concept for your product, do research, planning, prototyping, resource management, expenses analysis, and launch. We’re here to get your product to the market with a bang!

UX\UI Design

ROI of UX can reach up to 500%. Our UI/UX designers help you empathize with customers and users to deliver experiences they’ll enjoy. Then, they’ll boost your app through word-of-mouth (‘cause we share good things that happen to us.) If you want to improve your conversion, brand loyalty and generally, refine your UX.

Software QA, Testing

Our testers shake your software to see if bugs fall out throughout the development. We do stress and performance tests, usability and acceptance tests, security and accessibility checkups to ensure there’ll be no barriers to satisfying user experience.

Software Outsourcing

Cut the cost of recruitment, hiring, and onboarding by getting our dedicated team into the open jobs you have for your project. Within our talent pool, everyone’s committed to doing great work that’s transparent and connected to your business goals.

Data Analytics

Uncover better decision-making — make all data you have on frontlines and within internal operations work for you. Discern patterns of your target audience’s behavior. Find out what bottlenecks exist in your workflows. Reshape each business process to achieve better results.

Our business analysis consulting services help maximize the returns on your project. Get a better picture of the organization, technologies you can use, and techniques and practices you can to elevate your performance — and turn this information into money.

Consulting

Technology Consulting

Tech consulting can assist with developing an IT system for your project or reshaping the existing one to achieve better results. IT consultants introduce and supervise digital practices aimed at your business development.

Software Architecture

After research, our specialists suggest the most fitting software structure to embody your value proposition. If you already have one, we recommend transformative measures and practices that boost its capabilities and existing user experience (and then, if you want, the implementation happens.)

CTO as a Service

CTO or CaaS is our senior technical expert who comes into your company to manage the technical side of your business, mentoring your teams on sustainable engineering practices and advising you on tech-related investments and on changes that allow for streamlined tech operations.

Project Management

Our dedicated team of PMs will speed up your project development by recognizing your employees’ strengths and directing them towards the results they’re capable of delivering. They’ll teach them lean methodology and help to connect what they do to your vision & business objectives.

Business Analysis

Business analysis services from Genius Software give you a detailed picture of your organization and detect gaps in operations within it. Risk assessment and risk management plans are included.

Cloud Consulting

Cloud consulting specialists are best-suited for cases of edge computing and cloud development. They help you mitigate the risk of storing & processing data in the cloud and enhance security while choosing a solution (or several) that are most suitable for your project.

Digital Transformation

Utilize the possibilities of operating within digital space fully. Make your services or products native for digital: form new processes, systems and environments — or alter the existing ones with the help of digital tools. We’ll help.

Digital Transformation of Your Company Infrastructure

Start delivering the value of your vision and concepts — products and services — in the digital space. 2021 is an excellent year for you to start the transformation — you’ve already seen how convenient digital can be made to be during 2020. The majority of businesses are already embracing it, creating a presence there, transforming their operations to serve customers online. It’s time for you to do that, too.

Business Analysis Strategy with High-Performance Metrics

Business analysts provide stakeholders with valuable metrics used to assess:

Finance. They evaluate costs and expenses, profits per customer and employee and other types of financial data.
Quality. Established quality assurance processes, along with development practices based on continuous, ongoing improvement — in-process testing — are a key for high-quality product delivery. BAs are assessing if they’re in place and how they can be installed.
Efficiency. What stops your employees from being productive? What encourages them? How much do they work and how quickly do they burn out? BA’s gathering employee metrics to assess all that.

Competitive Analysis

Analyzing your competitors helps build a stronger development & marketing strategy. It’s important to determine where you stand on the market. Seeing your rivals’ advantages lets you discern how to differentiate from them, deliver more, and get a strong footing on the market.

Transparent and Well-Planned Process

Business analysis lets you set out a detailed action plan to launch your product. Transparency lays the foundation for any analytics. It remains present throughout all stages of the product life cycle. For a business analyst, honesty streamlines progress and promotes tangible change.

Tech Stack for Efficient Highload Systems Development

To provide you with the most high-performing software, Genius Software uses:

.NET Framework; ASP.NET Core; MS.NET Core;
Java;
iOS and Android;
MS Dynamics; MS Azure; MS SQL Server;
PHP;
AWS;
React Native, Flutter;
Javascript; Angular.js; React.js; Vue.js;
Ember.js, Node.js, and others.

You can find out more about the tech we use by visiting our main page.

Why Choose Genius Software?

Diverse Experience. Our team is ready to collaborate with everyone. Fresh startups, well-known corporations, ambitious entrepreneurs and social initiatives. Regardless of your project’s scope, we’ll help reach your goals faster.
Full-Cycle Development. We handle everything: from analyzing the concept to design, development, release and further support. The Genius Software team keeps all stages covered.
Transparency and Trust. We maintain honesty at all levels of analysis, viewing it as an essential component of building trust. We expect the same attitude from everyone we work with.
Best Outsourcing Destination. With only a few hours of the time difference between you and the team, transforming your business is easier. We plan our communication with timezone overlaps in mind.
Proactive Correspondence. Each project involves a customer success manager. This measure simplifies revisions and discussions of progress. We also keep extensive, easily understandable documentation. All the work gets done faster with your comfort as a priority.
Considerable IT Talent Pool. Genius Software has been linking global businesses with Ukrainian tech experts for a decade. Match you with a team of skilled developers who will get you closer to your goals.