Experience the power of Business Intelligence, a tech-driven methodology to gather, analyze, and present business data. This process helps showcase data in a user-friendly way with the help of reports, charts, or graphs. This user-friendly approach toward data presentation makes data mining and analysis operations quite convenient. That is why companies hire business intelligence analysts who can provide valuable insights, enabling teams to make informed decisions conveniently.
Business intelligence analysis is emerging as a sought-after and secure career path due to the high demand. You will get flooded with options If you look for business intelligence analyst jobs near you. The best part about these jobs is that you get a lucrative salary and a secured career ahead. The graph below shows the growth in the demand in the coming years.
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Business Intelligence Analyst Job Description
Popularly known as BI analysts, these professionals use raw data from different sources to make fruitful business decisions. They are responsible for maintaining database warehouses and using the BI design models to ensure growth-oriented decisions. Other than these tasks, the routine activity of a BI analyst is to interact with different teams and stakeholders and present them with detailed performance metrics.
The job roles for business intelligence analyst jobs remote and full-time positions might vary. However, the fundamental responsibilities remain the same. Outlined below are the key responsibilities of a senior business intelligence analyst:
Gather, Clean, and Store Data
The primary role of remote business intelligence analyst jobs or full-time positions is data management. So, the first and foremost thing to do is to gather raw data. After this, they clean it by removing unnecessary information and storing the significant data chunks only.
Data Interpretation
Another responsibility of the BI analyst is to review data to identify the trends or patterns it shows. The experts create reports of this information and use it afterward to frame strategies that support business growth. This process typically involves categorizing, manipulating, and summarizing data to find meaningful information.
Share Meaningful Findings
Lastly, the analyst has to share information about the patterns with the stakeholders. They give formal presentations to show how they planned a strategy and what data patterns made them move toward certain decisions. The suggested upgrades get implemented if they can convince the stakeholders or decision-makers.
These are the fundamental responsibilities of people working in an entry-level business intelligence analyst job. Different teams within an organization rely on data to make significant decisions. It is due to the significance of the work that the BI analysts do that they get excellent salary packages.
Job Summary of Business Intelligence Analyst
Before exploring the business intelligence analyst remote jobs, you should know your expected job roles. In a nutshell, you will grab the data from different resources and segregate it into meaningful chunks of information. The data sorting will be such that alike information gets stored together. Furthermore, you will constantly explore the market to be familiar with the latest products and methodologies that assure growth. To implement these strategies, you will mine the data you stored, read patterns and trends it is showing and make significant business decisions.
It is a summary of the responsibilities of junior business intelligence analyst jobs. At the senior level, you may do the same duties or supervise a team doing all these tasks. To start working as a BI analyst and enjoy an excellent salary package, you should come from a relevant educational background. Additionally, you can complete a certificate course to get skilled in the domain and prove your worth for the job position.
Education and Work Experience Needed for Business Intelligence Analyst
To start your career as a BI analyst, you should have a degree in business management. For the business intelligence analyst jobs for freshers, the employer may hire a candidate with a graduation degree. However, you would eventually need a post-graduate degree to grow professionally. Furthermore, a certification course would be a plus. So, to grab the best work opportunities, a candidate should:
- Have a post-graduate degree in business management, specializing in IT, finance, accounting, or computer science. Some organizations typically demand a 4-year degree program in your resume.
- A valid and relevant certification that trains you in the latest tools and technologies related to the field. You can opt for KnowledgeHut Business Intelligence and Visualization courses and get mentored by international Tableau, BI, TIBCO, and Data Visualization experts.
These are the basic educational requirements for a BI analyst. Speaking about the experience level, a fresher obviously wouldn’t have any work experience. However, it is fruitful if he has worked on a live project or done business analysis in real-time during a project. The certification programs by renowned course providers give the project familiarity to the students. It gets counted as actual work experience and multiplies the chances of fetching excellent work opportunities.
Responsibilities and Duties Business Intelligence Analysts Must Hold
Whether you work in remote business intelligence analyst jobs or a full-time position, you have responsibilities to fulfill. There are specific duties you would perform to ensure smoother operations and get the expected growth. These duties include:
1. Ensuring that the data from all paid and unpaid sources get gathered into the warehouse. Understand that data is the foundation of business success. Hence, no chunk of information should get wasted.
2. Sorting data carefully into different sections and making sure it doesn’t get mixed up. This sorting will help all the other teams as they wouldn’t have to access the entire warehouse. They can simply check the relevant data sets.
3. Keep checking the latest market trends and try to understand consumer demands. It will help you suggest new products and services that the company should launch to attract exponential growth.
4. Be in constant touch with the stakeholders, different teams involved, and the clients to suggest new upgrades. It is a significant duty in the Sr. business intelligence analyst jobs.
5. Anyone working in this domain as a BI analyst should fulfill these duties. It would support their personal growth and the growth of the organization.
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Qualifications and Skills for Business Intelligence Analyst
The candidate should be highly skilled in grabbing the best opportunities from all the business intelligence analyst job openings. If you wish to be the one to get these jobs, listed below are the skills you should develop:
Data Preparation
It involves sorting the raw data and segregating it into meaningful units. Expert analysts should know the tools and techniques that can make data preparation easy and convenient. Some tools they should be good at are: Tableau, Excel, and Alteryx, and the list is never-ending.
Statistical Analysis
This skill is helpful in giving a detailed view of the data. Thorough knowledge of statistical components, namely mean, median, and more, makes data presentations easy to understand the attraction.
Data Visualization
It is the most crucial skill that every BI analyst must have. Understand that the other person reviewing the reports doesn’t necessarily understand data patterns. So, if only you present it well, the other person will get what you want to convey. With fruitful data visualization skills, professionals can create attractive presentations which even a naïve can understand.
Communication Skills
Soft skills are inevitable in any domain. As a BI analyst, one has to collaborate with stakeholders and other team members. So, their communication skills will definitely get challenged. If they can put their point forward well and are good at negotiations, it would benefit them and eventually the organization.
These are the fundamental skills that a successful business intelligence analyst must possess. Furthermore, these experts should be proficient in tools and techniques that ensure successful business analysis.
Salary Range of Business Intelligence Analyst
The BI analyst is a much-in-demand job role with renowned organizations rapidly hiring professionals. So, those deciding to pursue their career in this domain are in for a treat! The business intelligence analyst graduate jobs can offer up to $59,000. However, the lead business intelligence analyst jobs can offer a salary of up to $107,000. So, going by this statistic, the average salary of a BI analyst is $80,000.
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Conclusion
In a nutshell, it is fair to say that business intelligence analyst jobs are highly promising these days. The demand is rapidly growing, and in the coming years, it will be one of the highest-paying profiles. So, those planning to work as a BI analyst are on the right career path. All you have to do is fulfill the educational requirements for the post by completing a relevant certification course. Furthermore, work towards improving the soft skills that make you the best fit for the position. Keep working to brush up your skills and enjoy a monetarily profitable and secure career.
