Business Intelligence Analyst
Every company has their own story of success. But the contribution of a business intelligence analyst plays a significant role in this regard. They utilize every single scope where a company can improve and helps them to make several career-changing decisions. And these decisions lead a company at the highest peak of progress. But how do they manage to manage all these things? What does a business intelligence analyst do? Let’s find’ out!
Who is a Business Intelligence Analyst?
Before diving into deep, you’ve to first understand who is a business intelligence analyst. Business Intelligence can be defined as a collection of data obtained from the intelligence inquiry, which can be used to advise the regional chiefs for taking effective measurements. A bit confusing, right? In simple words, a business analyst reviews every data and finalize them for proper use. They support the company for streamlined operations, increase the revenues, and keeps the company up to date with the trend. Okay, now it’s time to discuss their work process.
What Does a Business Intelligence Analyst Do?
Maybe you’ve got a bit of knowledge about a business intelligence analyst from the above discussion. Anyway, their main purpose is to identify the scope of improvement by reviewing and analyzing every organization’s data.
- They also figure out the upcoming obstacles of the organization and provides appropriate solutions to solve them. Let’s make these more clear for your convenience.
- Daily review of company resources to ensure success upon targets
- Maintaining business intelligence tools
- Updating the company’s database regularly
- Building new strategies for business intelligence and gathering adequate data
- Analyzing the competitors properly and figuring out their business strategies
- Communicating the upper executives of the organization with the results for effective management
Average Salary of a Business Intelligence
According to the above statement, you’ve got a good idea about what does a business intelligence analyst does, isn’t it? Now, let’s see how much money they earn for this crucial position. A business intelligence analyst earns around 34.76 dollars per hour, which means their annual income is around 72,297 dollars. Although most of them work for a full-time salaried position, some can also work for a part-time basis or on a contract even if they work from their home or any other place, they earn around 55,000 dollars to 93,000 dollars.
However, the salaries of business intelligence are actually set on several factors like their experience and educational level, geographical location, and much more. In the US, the salary of business intelligence is 89,651 dollars per year. In fact, some salary ranges from 27,000 to 188,000 dollars per year. Honestly, that indicates how important a role a business intelligence play.
Requirements for Becoming a Business Analyst
Maybe you’re a Business Intelligence Analyst and searching for a fresh career with every possibility. Or maybe you’re an enthusiast and looking forward to becoming a Business Intelligence Analyst. In both cases, you must gain proper knowledge about the requirements of this sector. Well, a business intelligence analyst requires a perfect combination of education, certificates, training. Okay, let’s make this clear with a discussion.
In order to become a business analyst, you need to have a bachelor’s degree in statics, business administration, computer science, or any other business-related field. If you’ve looked on most of the successful business analyst’s backgrounds, you’ll notice that they have a Master of Business Administration. In fact, Master of Business Administration degree will open several other opportunities, and due to that, it increases their earning potentialities.
In this case, an MBA may also work in fulfilling the requirements of some companies. So, make sure to achieve this educational status, at least.
Some companies will definitely prefer your experience to be frank. If you were the owner, you would also prefer that, aren’t you?
In this case, business intelligence has to go through internships or entry-level positions to gain adequate job training. Particularly, experiences like data or business analyst experience make an individual prepared for a business intelligence analyst career. A business analyst can also get additional training through specific software and different computer programs based on the usage of the company. Every year different types of seminars and conferences are arranged as part of job-training. So, a business intelligence analyst can also join those seminars for achieving an extended level of training. These conferences and seminars will help them learn more about the company and its exact purpose.
It’s an essential part of a business analyst’s job. Certifications and skills like SQL, Oracle can give them additional advantages for the job. The job also requires some programming languages like Python, Laravel, etc. These certifications make a candidate stand out amongst others and increase their earning potentialities. Well, an applicant has to pass online exams to gain these certifications. So, try to achieve these certifications as much as you can and renew them regularly.
As a business analyst has to perform several types of task and accomplish them properly, they need to acquire a perfect mix of soft and hard skills. These are described below:
Usually, business intelligence analysts have to interact with their co-workers as well as their clients, which is why they should have a higher level of communication skills. Their communication skill represents their analysis effectively. And it’ll also help them to create a proper action plan with the senior members. Besides, business intelligence analysts also have to listen to the requests and demands of their customers actively and collaborate with their co-workers. It’ll help them to create accurate reports and effective solutions according to those requests.
Business analysts should have special capabilities to identify the risks and figure out proper solutions to them. They have to ensure detailed planning to reduce the possible risks and boost the overall work process. Both the management and customers prefer it. In fact, excellent problem-solving capability enables analysts to handle tough situations and find out the perfect way to handle those situations.
A business intelligence analyst will have a review and work with the large dataset of a company. That’s why they should have strong programming skills to manage all those kinds of stuff. In this case, learning Python and SQL will provide you with greater benefits to create customizable scripts and edit the files automatically.
Teamwork bears the utmost importance for a business intelligence analyst. There are a bunch of tasks that are needed to be completed within time. But if the work is distributed within the team members, a business intelligence analyst will be able to take out the best results. The combination of communication, collaboration, and brainstorming make teamwork effective. So, you’ve to pay proper attention to them. After all, teamwork is always better than working alone.
For some reason, a business intelligence operates through direct communication with the customers. If that’s the case, then he must provide satisfactory results and praiseworthy customer service. It’ll help them to get more leads by building and maintaining a good relationship with the customers.
Apart from all of the above skills, the role of business intelligence should also have some advanced knowledge. They may have to work with several tools, namely Tableau and R, which requires some technical knowledge. Most of the leading organizations and their business intelligence analysts use these programs daily. This is why they must be fluent and proficient in several data-related fields like data mining, data security, etc.
The Work Environment of a Business Intelligence
Well, it usually depends on the company for work or going to work. However, the actual field can diverse. They are contribution transparent in some specialized sectors like technology, finance, and healthcare. As we’ve mentioned above, most of the analysts work for full-time salaried positions and perform their duties remaining in office. Based on that, we’ve described their work environment below:
- Sitting for additional periods of time
- Working on a computer
- Maintaining regular communication with the team members as well as the mangers
- Joining meetings for progress and growth of the company or client area
- Providing the upper management and clients with an appropriate report based on the findings
How to Become a Business Intelligence Analyst
The simple answer to this question is to acquire all the requirements. These requirements are already described above. Let’s have a look at them.
Obtain an Undergraduate Degree
Acquire adequate experience by attending seminars or completing internships
Earn the required certifications
Apply for the accurate positions based on the requirements
Get a master’s degree to extend the job options to the fullest
An Example of Business Intelligence Analyst Job Description
We’ve cleared almost everything. Now, let’s see how a job description will be for a business analyst.
Our real estate firm is looking for a business intelligence analyst with expertise in data analytics and metric enhancement. This position is going to be full-salaried. You should be able to implement new strategies and procedures for the development or compilation and review of data. We must pick and employ data processing experts to collaborate alongside you and identify realistic purposes for our gathered data with the goal of growing both our revenue and overall performance. You are expected to meet the following requirements:
- Bachelor’s degree in business
- Five years of experience with the post of business intelligence analyst
- Experience with Tableau and R
- Can operate different types of SQL scripts
- Excellent communicative skills and problem-solving capabilities
Is everything clear for you now? Did you get the answer to what does a business intelligence analyst does? We’ve covered everything that is needed for you to understand the role of business intelligence analysts. Hope these are going to be helpful for you to understand. By the way, if you’ve got all the above skills and you’re confident about your capabilities, then don’t waste any time; apply for an accurate post as soon as possible. Thousands of organizations are looking for business intelligence analysts to boost up. This means there are thousands of opportunities waiting for you if you’re capable of fulfilling the requirements. Who knows, maybe there is something special waiting for you?