What is Business Intelligence (BI), Job Description, Roles and Responsibilities & Salary

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Business Intelligence (BI) is a rapidly expanding area that is becoming increasingly important to companies looking for ways to improve how they use the data they gather. Business Intelligence (BI) enables companies to use the data that they hold efficiently by analyzing it and then using it to inform business decisions.

What is Business Intelligence (BI)

Many people have heard of the term Business Intelligence, but may be unsure what it actually means. Business Intelligence refers to the insights gained from analyzing the business information that companies hold. Businesses hold vast quantities of data, all of which can potentially provide them with detailed insights to inform critical business decisions. This data needs to be mined and analyzed in the right way to realize its full potential and to provide valuable insights for the business.

How Does The Technology Industry Use Business Intelligence? 

The technology industry is both highly competitive and rapidly evolving. In an industry that is perpetually developing, companies need to harness every asset at their disposal to keep them a step ahead of the competition. This is where the role of a Business Intelligence Analyst comes into play. Business Intelligence Analysts review the data that a company collects and then uses it to provide critical insights to support better business decision making in the IT industry. These insights provide the building blocks of the future success of companies in the IT industry. Without these valuable insights, IT businesses can be left trailing behind their competitors. 

What is a Business Intelligence Analyst?

A Business Intelligence Analyst is responsible for taking the data that a company holds and mining it to achieve valuable insights. These insights are then used to inform critical business decisions. The insights play a crucial role in shaping the company’s future and the way it operates.

Business Intelligence Analyst Job Description and Required Skills

The role of a Business Intelligence Analyst carries a lot of responsibility. It requires a specific set of skills to perform the role well. If you are considering a career as a Business Intelligence Analyst, you will find that the role is an increasingly important one in many organizations. Signing up to FieldEngineer.com can help you to connect with businesses that are looking for your sought-after skills, and find work as a Business Intelligence Analyst.

Here are some examples of the typical skills required for Business Intelligence jobs:

• Strong reporting skills to present insights concisely. 
• Problem-solving skills.
• Able to work both alone to analyze findings as well as a member of a team to work with other departments, such as when implementing new data analysis software.
• Ability to communicate findings with management.
• Strong analytical and critical thinking skills.

What are the Roles and Responsibilities of a Business Intelligence Analyst? 

Here are some of the roles and responsibilities of a Business Intelligence Analyst that you can expect to perform:

• Writing data collection and processing procedures.
• Ensuring that data is being correctly gathered, stored, and analyzed.
• Reporting data findings to management.
• Continually monitor data collection.
• Develop methodologies to improve data analysis.

How to Become a Business Intelligence Analyst? 

Business Intelligence Analysts usually hold a Bachelors’s degree or higher in a related subject such as computer science, so gaining your degree is your first step towards your chosen career.

A Business Intelligence Analyst salary is typically around $89,000. This figure can vary depending on your level of qualifications and experience and the size of the organization.

FAQs 

What qualifications do you need to become a Business Intelligence Analyst?

Business Intelligence Analysts typically hold a Bachelor’s degree in a relevant subject, such as Computer Science.

How can people find work as a Business Intelligence Analyst?

Using FieldEngineer.com can help you to connect with businesses that are looking for your specific skills.

What are the job prospects like for a Business Intelligence Analyst?

Business Intelligence Analysts are increasingly valuable to companies as the amount of data that they collect continues to grow. The demand for Business Intelligence Analysts is predicted to continue to rise in the future to meet the needs of companies and the data that they hold.

The skills of Business Intelligence Analysts are in high demand. As companies continue to gather more data, this demand is set to increase even further. If you are interested in developing a career that is crucial to business decision making and plays a vital role in the future success of a company, working as a Business Intelligence Analyst could be your perfect career choice.