What Is a Gap Analysis?
A gap analysis process allows organizations to determine how to best achieve their business goals. It compares the current state with an ideal state or goals, which highlights shortcomings and opportunities for improvement.
Conducting a gap analysis can help you improve your business efficiency, your product, and your profitability by allowing you to pinpoint “gaps” present in your company. Once it’s complete, you’ll be able to better focus your resources and energy on those identified areas in order to improve them.
In a business or a company, GAP analysis compares the actual performance with the potential performance. Sometimes it is referred to as need-gap analysis, need analysis, or need assessment.
To Conduct Gap Analysis a company will determine the factors that define its current state, list down the factors needed to reach its target state, and then plan on how to fill the gap between the two states.
This is important because it helps to identify if a company is performing to its potential and if not performing, why it is not performing to its potential. This helps to identify flaws in resource allocation, planning, production etc.
A gap analysis is a method of assessing the differences in performance between a business’ information systems or software applications to determine whether business requirements are being met and, if not, what steps should be taken to ensure they are met successfully.
A gap analysis is the process companies use to compare their current performance with their desired, expected performance. A gap analysis is the means by which a company can recognize its current state—by measuring time, money, and labor—and compare it to its target state.
What is gap analysis in ERP?
A gap analysis is a process of reviewing your current state and determining what you need to do to move into your future state. In an ERP implementation, this means taking a close look at the software you are using or plan to use
For Digital Marketing Training in Hyderabad Call 9290971883 / 9246599566 / 9394799566 .
For Digital Marketing Online Training visit https://www.revanthtechnologies.com
Our Training Institute is located in Ameerpet, Hyderabad . India