What do you mean by gap analysis term?

Business & Management
#1

In simple terms gap analysis can be defined as the study of whether the data that a company has can meet the business expectations that the company has set for its reporting and BI, and where possible data gaps or missing data might exist.

#2

Gap analysis is a simple tool to help you identify the gas between the current and the future state that you want to reach ,along with the tasks that you need to complete to close the gap.

Gap analysis is useful in the beginning of the process while developing a business case. It also helps in bridging these gaps in your services. It is an important factor as it finally leads to your business success.