Professional business analysis services

Business analysis is a pivotal component of software development that is an essential bridge between the client and the team. It is a complex process that involves the investigation of the client's business needs and objectives, value estimation of the product, and composition of requirements specifications. Innowise has a number of certified business analysis professionals capable of leveraging industry-specific methodology and world best practices to identify opportunities for clients.

Does your project require a thorough business analysis to increase revenue?

What is business analysis in software development?

In software development, the business analysis includes detailed requirements elaboration that fully describe the behavior of the system and its functionality in order to have a complete description of the product and the work at hand. This process is possible after a rigorous study by a business analyst of the customer’s business, competitive solutions, and domain. The value of business analysis finds its embodiment in a range of functions.

Business idea and vision clarification

Our specialists explore the market niche a client operates to highlight growth points and form short and long-term performance strategies that will eventually help achieve business goals.

Industry and competitors analysis

Our customers work in Fintech, healthcare, entertainment, manufacturing, etc. In each case, the team of our dedicated BAs delve into a certain domain and find measures to bypass competitors.

Requirements engineering

A requirement is a business analysis core concept. Innowise elicits, analyzes, documents, models, validates and verifies requirements during their development phase.

Scope of work definition

Every project should describe the work and stages to be performed to complete the task. Our professionals establish timeframes, reports, milestones, and deliverables to make the process smooth and hassle-free.

Project documentation

It is crucial to record all the key details and cornerstones of the project, guidance, and instructions on how to implement it. Our business analysts provide clients with a full volume of transparent project documentation.

Prototyping and visualization

We strive to present the prototype of the developing product to estimate user experience and set a clear vision of the designed solution. Our team demonstrates the visual model of the solution to describe the benefits.

Backlog prioritization

All the epics, stories, and other items concerning the product should be prioritized. Our high-end remote experts capture the most valuable and essential tasks to execute and select the jobs that can be temporarily postponed.

Development support

Innowise adheres to the principles of support at each stage of the development cycle. And our BAs are no exception since they stay in touch with the customers and tackle the challenges between the project team and stakeholders.

User guides writing

Our BAs deliver comprehensive solutions for end users who may find it challenging to follow IT advances. They try to provide simple instructions and write guides that help users easily employ our clients’ products.

Why does one need a business analyst working on their product?

Sometimes it might be challenging for a client to put his or her ideas directly into technical directives. And the same might be true for a company’s dev team when it needs to provide a suitable technical solution based solely on business goals that do not have a direct relation to the development tools at hand.

To improve team-to-client communication effectiveness

A business analyst produces a comprehensive set of technical documentation based on the company’s wishes and goals as well as facilitates requirements communication so the dev team has everything it needs to make the best product for each particular business domain.

To reduce development risks

When it comes to software development it is of paramount importance to have a mutual understanding of goals, issues, and ways to resolve those. A business analyst keeps track of both requirements and ways to satisfy those so both the client and the dev team are in accord regarding project approaches.

To improve budget spending

What is the necessary set of features that a product needs to have in order to be sufficient to solve the upcoming issues and avoid overspending? Business analysis offers a body of techniques that enable a better understanding of the value of each product component so their sum is optimal in terms of value and costs.

To ascertain that the product caters to clients’ desires and business goals

A business analyst is the one who understands best that no matter how good the product is, its existence is futile if it doesn’t help achieve clients’ goals. So each business analysis activity aims to determine business goals first to ensure the suitability of applied technical solutions.

To make sure that project processes are transparent for the client

What does the dev team exactly do to achieve a client’s goals? A business owner can remain in complete control of the software production process by consulting a business analyst on the project timeline and current progress, as well as estimating the productiveness of work.

To have a moderator for requirements changes

It is common to have requirements changed during the development. But how to prepare them in a way so that a client’s product does not lose its value and the costs do not increase drastically? A business analyst implements practices that enable the team to have changes in the requirements without significant time losses.

BA services we offer

It is impossible to imagine a software development process without business analysts. Their role should not be underestimated since they bring tangible value to the project. We at Innowise know the importance of competent BA professionals offering a range of business analysis services.

Business analysis consulting

We will assist clients in building a cost-effective state-of-the-art solution to achieve business goals and attain the required KPI.

Business niche analysis and risk assessment

Our analysts will explore the peculiarities of a customer’s business niches to reduce the odds of developing an irrelevant product.

Project discovery

At the project discovery phase, our dedicated professionals will optimize future costs and estimate potential benefits using market analysis.

System Requirement Specification (SRS) development

SRS is a document displaying all the details about the solution. By conducting this groundwork, we describe the features and behavior of the application.

Preparation of documentation

With the assistance of our BAs, businesses receive a solution tailored to peculiar needs and objectives, documented, predictable, and convenient for end users.

IT product ownership

Our company takes responsibility for clients’ products to adjust them to changing business environments and create road maps to meet marketing demands.

Project implementation and supervision

Innowise’s business analysts help structure IT projects seamlessly and trouble-free, including delivery assessment, execution order, and progress tracking.

Project health check

Our experts determine obvious and hidden hazards and flaws to eliminate them during the pre-launching stage with minimum time and human resources.

System analysis

We consider customer business as a complex dynamic system, and our remote BAs can generate an exemplary image of the future solution.

Does your business need a booster to leave competitors behind?

With our BA professionals, it is no big deal! Contact us

Business analysis expertise over a wide range of domains

Finance & banking

Our BAs with higher economic/financial education and extensive experience in banking leverage expertise within this domain to excel in finance software development. We utilize the best practice of designing finance & banking solutions to satisfy clients’ needs.

Finance & banking

eCommerce & retail

With the assistance of Innowise’s BAs, building a customized turnkey online shop or enterprise marketplace becomes an achievable objective to expand the target audience and enhance online purchases.

eCommerce & retail

Healthcare

Many of our BAs involved in medical-oriented projects, including custom healthcare software development, have higher medical education. They know the most valuable and sensitive nuances of the healthcare industry to launch a solution that will be in demand among hospitals and clinics.

Healthcare

Education

Our skillful specialists are familiar with educational systems and can present robust bespoke education solutions that make the learning process cognitive and engaging with the help of eLearning applications.

Education

Insurance

Within this domain, Innowise’s BAs render assistance in coping with such complicated issues as insurance claims, think policy servicing, bills, and collections, as well as accounting to reinsurance.

Insurance

Business intelligence

Our professionals are committed to the principles of business process automation to optimize workflows and boost clients’ business on another level. They conduct data analysis and build data warehouses to operate big volumes of information.

Business intelligence

Manufacturing

Within this industry, our competent BA experts evaluate the business process, anticipate the technological requirements of the product, uncover the potential to grow, and assist in implementing solutions, including custom manufacturing software, to refine the company’s performance.

Manufacturing

Supply chain

Innowise Grop’s savvy BAs have practical experience building trouble-proof supply chains that stay stable with great volumes of goods and do not crash if any supplier cannot satisfy the order in time.

Supply chain

Marketing & sales

If a customer struggles to find new areas to improve, our dedicated professionals will conduct marketing research to define measures to increase revenue and profitability, enhance brand perception and make the target audience more loyal.

Marketing & sales

HR & recruiting

Our specialists collect and compile metrics, statistics, and other HR data to make recommendations on retention, recruitment, onboarding, and legal compliance to hire relevant employees.

HR & recruiting

Media & entertainment

Many of our BA professionals have worked with radio, film, and television, hence they have the skills and experience to deliver effective communication channels with TV and radio, news agencies, music labels, and media publishers.

Media & entertainment

Blockchain

Innowise has a separate R&D department that covers the development of such complicated solutions as smart contracts, decentralized applications, blockchain ecosystems, CEX/DEX platforms, cryptocurrency wallets, etc.

Blockchain

Finance & banking

eCommerce & retail

Healthcare

Education

Insurance

Business intelligence

Manufacturing

Supply chain

Marketing & sales

HR & recruiting

Our specialists collect and compile metrics, statistics, and other HR data to make recommendations on retention, recruitment, onboarding, and legal compliance to hire relevant employees.

HR & recruiting

Media & entertainment

Blockchain

Business analysis for business intelligence

Innowise’s BAs harness cutting-edge business intelligence tools that significantly boost business and cut operational costs. The combination of BI techniques allows us to build search dashboards that perform operational-revolutionary solution tasks, highlight problem areas, and easily manage the business.

How companies benefit from business analysis

Experienced business analysts at Innowise define BA deliverables, evaluate the feasibility, and provide permanent support in implementing the solution. Our business analysts walk the extra mile to bridge the gap between stakeholders and the project team with their superb ability to translate business language into technical dialects.

SMEs and large enterprises

We assist in

evaluating the existing product (website, application, etc.)
improving the ongoing business processes
performing digital transformation
integrating turnkey business services seamlessly

Start-ups

We assist in

carrying out market analysis and audit the project concept
offering technical and BA services
indicating core features and creating MVP
advising on how to reduce costs before the implementation stage

Cost and added value of business analysis services and consulting

Having a BA on the project is not an option but a necessity since they significantly contribute to the final projects’ success. We at Innowise have calculated that assigning affordable BA to the project is beneficial for the following reasons.

Do you want to be sure that your business processes are in full control?

Opt for Innowise’s business analysts.

Why hire a remote business analyst

Innowise's dedicated BAs provide expertise and proficiency proven by recurring clients. We leverage a deep, proactive approach and a broad outlook to facilitate the customers' pain. By hiring remote professionals from Innowise, clients will get a range of benefits.

Increased probability of project success

BA is an acknowledged specialist whose main goal is to reduce the impact of risks and unpredictability to 0. Our experts form the requirements that meet the technical capacities and fully satisfy customers’ needs.

Cost optimization

Our experienced BAs monitor the project's performance and advise on how to select the most suitable, scalable tools and technologies to deliver budget-friendly solutions..

Industry-focused expertise

Our certified business analysis professionals have deep knowledge and expertise in various industries, including FinTech, MedTech, eCommerce, Business Intelligence, Machine Learning, blockchain, Internet of Things, Virtual Reality, and other domains.

Stakeholders' time-saving

Innowise’s experts shrink the duration of the development process since they establish clear requirements for the final product, thus saving the client’s time.

Methods and techniques our business analysts master

Innowise’s business analysts utilize modern cutting-edge methods and techniques to present solutions customized to client’s needs. They master them daily and reach the level of expertise, enabling them to operate tasks of any complexity and scale. Go through the list of techniques below to ensure we are trustworthy in tackling BA issues.

Backlog management
Benchmarking and market analysis
Brainstorming
Business Model Canvas
Business rules analysis
Data dictionary
Data flow diagrams
Data modelling
Document analysis
Estimation

Functional decomposition
Glossary
Interface analysis
Interviews
Item tracking
Lessons learned
Mind mapping
Non-functional requirements Analysis
Prioritization
Process analysis

Process modelling
Prototyping
Risk analysis and management
Roles and permissions matrix
Scope modelling
Stakeholder list, map, or personas
State modelling
Use cases and scenarios
User stories
Workshops

Agile business analysis: roles and responsibilities

If a customer’s project uses Agile methodology, Innowise assigns Agile product owners and remote Scrum masters. PO is responsible for defining stories and prioritizing backlogs to streamline and manage teamwork. Scrum master interacts closely with PO by supervising the Agile development team and delegating tasks to the relevant team members.

“Business Analysis Department at Innowise is a center of first-class specialists covering all BA tasks - from requirements elicitation and business workflow modeling to change requests and risk management. We adhere to the principles of bringing the highest value to the customers so they can stick to sustainable development with encouraging perspectives”.

Alina Filatova

Head of BA Department at Innowise

Business analysis process

Our profound BAs stay tuned on every stage of the BA process, delivering fully-fledged services and solutions that comply with customers’ requirements and meet high technological standards.

Discover business needs and objectives

At this stage, our experts ascertain the stakeholders' expectations, elicit and validate requirements, and study auxiliary information concerning the certain industry to suggest tailor-made improvements corresponding to customers' desires.

Conduct market and competitor analysis

Launching an in-demand product that will find the market niche to bring revenue is impossible without market analysis. Our professionals conduct the research and identify the attainable objectives from a short and long-term perspective.

Design the project vision and scope

Our experts evaluate and confirm the path a future solution should take to fit the provided circumstances. They measure the resources required to meet the project's goals and establish time frames.

Draw sketches to visualize the solution

Stakeholders want to envision the final result, often in a fine illustrative form. We at Innowise use diagrams, schemes, and tables to present the draft or sketch of the solution that reflects the basic features and functionalities.

Define the scope of work

Our BAs determine MVP killer features that are useful and indispensable as well as detect subsidiary features that do not play a key role and can be replaced or abandoned after thorough economic justification.

Prepare work breakdown structure

We utilize templates that describe the project’s scope, including responsibilities, deliverables, and tasks. This leads to an accurate estimation of each phase’s results, hassle-free execution, and permanent supervision.

Prioritize product backlog

Our team marks the requirements (users’ stories) to make a steady sequence of development and deployment. BA assists in selecting tasks to focus efforts during the sprints.

Define and document detailed requirements

Innowise’s skilled BAs ensure that the requirements for the solution are clear, understandable, consistent, and not contradictory. They collect, review and validate deliverables to gain maximum effectiveness.

Support the project development

Our BA monitors and provides non-stop feedback from the customer. They clarify disputable moments and provide the full coverage of the SDLC with the opportunity to make quick corrections.

Participate in the solution enhancement

Our pool of broad-minded analysts is always ready to suggest improvements since they are deeply submerged into the industry's peculiarities and demands and ready to implement the best-fit tools into practice.

Available business analysts for hire

Anthony K.

Senior Business Analyst 4+ years of experience

SUMMARY

Business Analyst with 4+ years of work experience on a variety of projects in ERP, Banking, Cryptocurrency, AR, HRM, Blockchain, and Alternative Energy domains. Highly qualified in visual modeling and working in both Iterative and Agile models of software development

BPMN Confluence draw.io Figma Google Docs InVision

Jira Swagger UML

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Helga P.

Middle Business Analyst 5+ years experience

SUMMARY

Business Analyst with a demonstrated history of working in the information technology and services industry. Skilled in requirements elicitation, analysis and documentation, creation of guides for both internal and external use.

BPMN Confluence draw.io ERD Figma Flowchart

IDEF0 Jira Postman Swagger UML

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Julia S.

Senior Business Analyst 10+ years of experience

SUMMARY

Business Analyst over 10 years of experience in the fields of Blockchain, FinTech and Education projects. Mainly focused on strategic planning, business process modelling and improvement, requirements elicitation and analysis, prototyping, and risk management.

draw.io Figma Google Docs GraphQL InVision Lucidchart

Miro Moqups Postman UML

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Laura T.

Senior Business Analyst 10+ years experience

SUMMARY

Specialist in the fintech domain, especially banking, with work experience over 10 years. Highly skilled at conducting research, preparing various artifacts, including Vision & Scope, user requirements, software requirements specification.

ArisExpress Balsamiq BPMN DBeaver draw.io Figma

Jira Postman SQL Swagger UML

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Lily M.

Middle Business Analyst 5+ years experience

SUMMARY

Middle Business Analyst with comprehensive experience working on 10+ projects including pre-sale activities with a systematic approach to business analysis and good understanding of algorithms and data structure

BPMN Comunda Confluence draw.io Figma Google Docs

Jira UML

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Our recently IT projects with BAs' contribution

What our customers think

Innowise is one of the best partners the client works with. They always fulfill our requests by providing developers that meet the client’s specific language and experience-level requirements.

Polina Shuruba Partner Manager XPRT MINDS

Innowise has completed many projects and consistently performs well on their tasks. Their results-driven approach allows them to quickly scale their efforts depending on the required deliverables.

Joakim Rosen Lead Developer YouWish AS

Innowise’s work met all expectations. The team was efficient, prompt, and on top of their project deliverables. Customers can expect an experienced team that offers an array of business services.

Alice Bodnar COO Atlas Guides

FAQ

When do I need business analysis?

Business analysis is needed before any software development project starts since it involves requirements elicitation and clarification.

Why do I need business analysis?

Customers may need business analysis if they feel dissatisfaction with the current business process and realize the necessity to enhance and evolve.

What does a business analyst do, and what deliverables does the client get?

A business analyst considers the customer’s suggestions and recommendations, as well as generates specifications and requirements, prioritizes the backlog, and supervises the development process in close connection with the customer. As a result, the client receives a turnkey, tailor-made solution.

What is the difference between a business analyst and a product owner?

These roles have a lot in common, and both share many similar responsibilities. To put it simply, PO focuses more on market or business strategy, while BA tackles inner issues (project documentation, road maps, etc.).

What is a scrum master in BA?

Scrum master is a facilitator in Agile projects. SM manages communications between team members and guarantees the timely execution of each job.

Contact us!

Book a call or fill out the form below and we’ll get back to you once we’ve processed your request.

What happens next?

Once we’ve received and processed your request, we’ll get back to you to detail your project needs and sign an NDA to ensure confidentiality.

After examining your wants, needs, and expectations, our team will devise a project proposal with the scope of work, team size, time, and cost estimates.

We’ll arrange a meeting with you to discuss the offer and nail down the details.

Finally, we’ll sign a contract and start working on your project right away.