The field of IT within a company is currently experiencing high demand for various professions, one of which is the Business Intelligence Analyst. So, what exactly does this role entail, and what skills are necessary for someone to excel as a Business Intelligence Analyst? Let's delve into the details to find out!
What is The Business Intelligence Analyst Profession?
The role of a Business Intelligence Analyst involves the analysis of data to derive valuable insights and knowledge. These insights are crucial for driving business value within a company.
For instance, a BI Analyst may analyze data related to marketing and financial needs, and use this information to determine appropriate strategies based on current market trends. Due to the significant responsibilities and impact of their analyses on decision-making within the company, BI Analysts often command a substantial salary.
Business Intelligence Analyst Workflow
In their day-to-day work, a Business Intelligence Analyst follows a structured and systematic workflow. This involves collecting data from various sources, such as company reports, public information, field data, and consumer-related data. They also keep abreast of current technology trends to gather relevant market data.
Once the data is collected, it is stored in the company's computer database, requiring periodic updates and well-established operational procedures to support software and other programs.
The next step involves analyzing the collected data to identify current market developments and trends, and their impact on the company's strategy.
Subsequently, the Analyst utilizes the analyzed data and information to develop strategies aimed at increasing revenue and expanding the company's market share.
Finally, the Analyst summarizes and evaluates the implemented strategies, recognizing the importance of this evaluation in fostering effective communication between the company and its consumers and stakeholders.
Skills That Must Be Mastered Business Intelligence Analyst
1. CODING LANGUAGE
2. DATA VISUALIZATION
3. DATABASE TOOLS
4. FINANCE AND BUSINESS KNOWLEDGE
Based on the aforementioned review, it's evident that a Business Intelligence Analyst plays a pivotal role within a company. Given the significant responsibilities, the future prospects for this profession are promising, including a competitive salary. If you aspire to pursue this career, it's advisable to start preparing now.
One way to begin is by delving into the field of data science, and a great place to start is by enrolling in classes offered by Algorithm Data Science School. They provide a variety of data science classes catering to different needs and expertise levels. Moreover, their curriculum standards have received official certification from RStudio. Don't hesitate any longer – seize this opportunity and enroll now!