Why becoming a business intelligence analyst is an excellent career choice
With the world becoming more data-driven, the importance of business intelligence is skyrocketing. Businesses need to make informed decisions based on the data they collect to keep up with the competition. As a result, careers in business intelligence have become some of the most lucrative options available now. In this article, we will explore why becoming a business intelligence analyst is an excellent career choice.
What is business intelligence?
Business intelligence (BI) is the practice of using data to drive business decisions. BI tools are used to collect, analyze and report data into insights that organizations can use to improve productivity, efficiency, and revenue. Business intelligence analytics is the process of analyzing data to discover patterns and trends in the data. A BI analyst is a data specialist who can analyze complex datasets and extract insights to help businesses make informed decisions.
Job prospects
The demand for business intelligence analysts is on the rise. According to LinkedIn, BI analyst positions are the third-fastest-growing job in the tech industry. Moreover, Glassdoor lists BI analyst as one of the 50 best jobs in America for 2021, with a median base salary of $90,000.
Skill-set
A successful BI analyst should possess a broad set of skills. They need to have a strong foundation in mathematics and statistics to analyze complex data sets. Furthermore, they need to be able to communicate their findings effectively, both verbally and in writing.
Tools of the trade
BI analysts use a variety of tools to collect, analyze, and report data. Excel, Tableau, and Power BI are some of the top tools used by business intelligence analysts. Besides, knowledge of programming languages like SQL, Python, and R is essential. Proficiency in data visualization tools is also critical as it enables them to convey data insights to stakeholders.
Opportunities for growth
A career in business intelligence offers great growth prospects. BI analysts can go on to become data scientists, data engineers, or even managers of a BI team. When they have determined to upskill, acquiring certifications like Microsoft Certified: Azure Data Analyst Associate, Oracle Business Intelligence Certification, and QlikView Business Analyst can render promotions and pay hikes.
Conclusion
In conclusion, becoming a business intelligence analyst is an excellent career choice for anyone interested in a lucrative career in data analysis. The demand for these professionals is set to rise, making it a secure employment option. Plus, the job offers a broad range of growth opportunities, creating possibilities to advance up the career ladder. So, if you’re interested in leveraging data to optimize business decisions, considering a career in business intelligence is a wise choice!
