A business intelligence analyst is a person who analyses the data of different fields within a company. If you are interested in integrating your love of data with the opportunity to improve a company’s prospects and lead it to grow positively, then this is the career path for you.
The business intelligence analyst can determine which areas the company needs to improve and how it can do so. The analyst helps the company achieve success in areas where they are already excelling and looks out for any stumbling blocks their organization might encounter. By doing so, the company can avoid any potential pitfalls.
What are the main responsibilities of an intelligence analyst?
The job of a business intelligence analyst entails a few responsibilities. The first is to ensure that the company uses up-to-date and optimized tools for gathering and storing its collected data. It would also be necessary for the analyst to come up with strategies for collecting data. This leads to the second responsibility, which is to use the company’s data and resources to help the business reach its goals. Last but not least, the analyst should be able to communicate the findings of their data and its analysis to upper management and adequately convey the best course of action to take. Business intelligence dashboard software allows analysts to carry out these tasks efficiently, identify trends, and forecast an organization’s future performance.
What do you need to become an intelligence analyst?
A career in this field requires a great deal of hard work and technical and soft skills. It can be a rewarding career on both a personal and financial level. If you’re wondering how to become a business intelligence analyst, you need to learn two main things. People in this role have an excellent grasp of both analytics and communication. This means you need to find the relevant data and interpret it to make sound recommendations for the company. Moreover, you must be able to communicate the results of your findings to each stakeholder to bring them on board.
Qualities hiring managers look for in a business analyst
You can separate yourself from competition in this particular field of work by combining the right skills and qualifications. An employer looking to hire a business analyst will look for someone who has the relevant education, training, and certifications. The majority of intelligence analysts have degrees in statistics, computer science, business administration, or even Business Analytics. Traditional colleges, as well as online schools, offer these programs.
What does a typical day look like for a business intelligence analyst?
Understanding what your workday might consist of can prove helpful whether you’re considering a career in this field or preparing for an upcoming interview. The first step in the intelligence analysis process for a company is to gather data from sources such as industry reports, public information, field reports, or purchased findings. Also, you would be responsible for storing the data and making sure the storage methods are regularly updated and implement a computer security policy to protect this important data.
You have to provide technical or software support. After gathering all the data, you would evaluate it and use it to make recommendations to improve the company and avoid any foreseeable obstacles. You will likely be presenting reports regularly to relevant stakeholders in the company.
Why internships can be beneficial?
Roles such as this are rarely available at the entry-level. As you would be advising a company on its future steps, you need to demonstrate that you have the relevant experience and knowledge. By taking up an internship during your degree program, you can speed up the process and improve your chances of being hired for this role. For instance, if you opt for an internship in the finance sector, you can gain insight into how businesses operate. Having some previous experience working as a data analyst, business analyst, or report writer would help you make contacts in the industry and increase your employability.
Business analyst jobs prospects
According to the United States Bureau of Labor Statistics, the job market for this role is expected to grow by 11% by 2029. With the ever-increasing amount of data to work with, there is a higher demand for business intelligence analysts. Increasingly, companies are receiving and relying on data due to online shopping, advertising, social media, and the virtualization of the consumer experience over the last few years. This data, however, is cluttered, so business intelligence agents are brought in to organize and advise them.
Despite the challenging nature of the job and the long career pathway, this is a position that will likely provide you with multiple opportunities in the future. Choosing a career in a job market that is expected to grow will improve your job security. It is also a wise financial choice. Business intelligence agents in the US earn an average salary of $89,651 per year. When you present yourself as someone that can help a company stand out from the competition and provide them with growth opportunities, you are more likely to be employed.