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How to define a Business Analysis Market research demand and supply?
Business analysis or marketing research/intelligence is a tactical, focused on pricing, place, promotion, and product(s), is method-driven field that consists mainly of neutral primary research that draws on customer data in the form of beliefs and perceptions as gathered through surveys or focus groups, and is analyzed through the application of statistical research techniques. In contrast, Competitive Intelligence typically draws on a wider variety (i.e., both primary and secondary) of sources, from a wider range of stakeholders (e.g., suppliers, competitors, distributors, substitutes, media, and so on), and seeks not just to answer existing questions but also to raise new ones and to guide action.
that simply comes out of learning and noticing during communication, even in life the right person should be able to see whats going around what people need and why they need it and what they will use it for and when, and when this is done it means there is demand, on such a product or service, and if so a study should be done anaylizing what would happen if the organization is going to supply this service or product to the market, according to alot of factors such as:
who else provides it, and for how much, where and when, and if so provided by your organization what is the extra stuff advantage you would have over your industry competitors. among a long list of other stuff that should be done.
In simple words, business analysis or market research both are the logical strategy to specifically look at product and its ups and downs in market according to price or shares or its presentability . these things are collected through some surveys etc.
Without business analysis system analyst can't work so both of them compete each others.
and also business analysis is the step one to upgrade build any application.
I agree with waleed reply he define properly
Business Analyst will give business knowledge to system Analyst, Then System Analyst will convert Business into technical. Yes System analyst become a good business Analyst.
The assesment of internal and external market and the target customer information.