Business Intelligence Analyst Role

A business intelligence analyst is responsible for gathering and analyzing data to gain valuable insights and identify business needs. Business intelligence analysts must be able to mine and analyze data, identify industry trends, organize data points, and successfully communicate findings that will support critical decision-making processes. Companies value business intelligence analysts for their ability to analyze complex data and provide key insights that will help them make better decisions and give them an advantage over their competitors.

 

Salary Range

  • $56k-123k per year salary based on experience (USD)

  • Average salary is about $69k-93k per year (USD)

  • Average hourly pay is $33.17-44.71 per hour (USD)

 

Similar Job Titles

  • BI Analyst

  • Data Warehouse Analyst

  • ETL Analyst

Responsibilities

  • Managing data procurement and analysis

  • Utilizing BI software and tools to mine organizational data and reports and develop them into valuable insights

  • Organizing data points

  • Compile data regarding issues and recommend solutions

  • Communicating findings clearly and effectively to management

  • Serve as the bridge between the IT department and management

 

Industries

  • Finance

  • Technology

  • Marketing

  • Healthcare

  • Insurance

  • Accounting

  • Manufacturing

  • E-Commerce

Education

At least a Bachelor’s degree in computer science, business administration, economics, business mathematics, statistics, or a related field is required. A Master’s degree in Business Administration (MBA) is often preferred and can open the door to more opportunities as well as increased potential salary.

 

Locations

  • New York

  • Massachusetts

  • New Hampshire

  • New Jersey

  • Connecticut

  • Vermont

  • Pennsylvania

  • Remote

Business Intelligence Analyst Job Description

Becoming a data-driven organization is a top priority for many companies of all sizes, and business intelligence analysts (bi analysts) play a key role in achieving this goal. Part of a business intelligence analyst job description is to provide actionable insights through a mix of business knowledge and big data. These insights are invaluable to give companies a competitive advantage through data science. While an organization builds its business intelligence capabilities by leveraging its data collection and analysis capabilities, business intelligence analyst duties include using these tools to provide data-driven business analytics and gain insights that can influence and guide business processes and decisions.

Companies use data analytics and business intelligence analysis to increase revenue and minimize losses, and professionals who choose to pursue this career utilize data science, analysis, and data visualization tools to achieve these goals. Business intelligence analysts are responsible for collecting data, analyzing it, and making recommendations to organizations and stakeholders to maximize their profits.

BIAs work with business users to identify the data needed to answer questions, leverage big data collection, create data visualizations, dashboards, and reports to help coworkers extract meaning from the data sets, or run BI queries and analytics queries on data to extract meaningful insights. BI analysts work with customers on self-service BI deployment, allowing them to increase the speed and agility of analysis by teaching them to analyze and manipulate the data themselves. Individuals who want to help companies turn their business and client data into meaningful insights can explore many opportunities in a career in business intelligence (BI) analytics.  

Business intelligence analyst duties involve data management, analysis, data visualization and analysis tools. BI analysts identify and implement critical requirements and priorities and define KPIs (Key Performance Indicators) for business performance. They must have the technical skills to identify Business Intelligence (BI) using advanced software tools and to implement Data Warehouse (DW) strategies.  

A business intelligence analyst typically uses various tools, techniques, and new data analysis methodologies to identify trends and create reports for management. They help companies improve their efficiency by analyzing collected data, then using their findings to help the company make better decisions based on those insights. Business intelligence analyst responsibilities require analyzing and using data collected by companies to help with business management. By interpreting that data, they can identify market trends and explain them to management through data modeling.  

By adopting the BIA's role as a business insight approach, analysts are more likely to deliver value, enabling them to work within the company and participate continuously in business development. To do this, they must understand the data, insights, and analysis so the information can be used effectively. Business intelligence analysts can do this in a variety of ways, such as research, collecting data, and analyzing data. 

As information management and information systems become less rigid and the business world changes, the role of the business intelligence analyst must be agile enough to inform and address business requirements as they change. This requires a strong understanding of business processes and logic as well as data structures and processes. They must be able to validate customer data and communicate information of high value which will support decision-making processes.   

Business intelligence analyst requirements include a strong understanding of data collection, data analytics, data science, and data management practices. They must have strong analytical skills and problem-solving skills to assist with developing new data procurement and analysis policies while ensuring data integrity is maintained.  

Business intelligence analysts enable companies to utilize data they are already collecting to maximize their profits and increase efficiency. By querying databases, they effectively comb through large amounts of data to identify market trends and then create reports with actionable insights. BI analysts can provide decision makers with timely, accurate, and actionable insights that increase productivity, strengthen the company’s position in their market, promote efficiency, and produce a competitive advantage.

business intelligence analyst job questions

Business Intelligence Analyst Job FAQs

 

What Does a Business Intelligence Analyst Do?

Business Intelligence (BI) analysts turn raw data into business insights by mining complex data, comparing competitive data, and identifying trends. They also create data visualizations that explain findings easily.


What Are the Five Basic Tasks of Business Intelligence?

Data mining, analytical processing, complex events, benchmarking, and reporting business performance are the key day-to-day tasks of a BI analyst.

Is Business Intelligence a Good Career?

Yes! With more and more businesses moving online and digitizing their operations, it is estimated there will be a 14% - 28% growth in this career path over the next decade.

What Skills Do You Need to Be a Business Intelligence Analyst?

Data analysis, problem solving, great communication, general business understanding, and specific / niche industry understandings are required for a successful career as a BI analyst. Polish up presentation skills too!

Does Business Intelligence Need Coding?

As with most technology processes, BI analysts should be familiar with computer programming, databases, SQL, etc. However, they must also be strong communicators and present their findings clearly.

How Do I Get a Job with Business Intelligence?

Earn an Undergraduate degree in a field such as computer science or business administration, complete an industry specific internship or co-op, and get your professional certification. Some industries will require a master's degree or advanced certifications based on industry.


How Many Searches for Business Intelligence Analyst Happen Each Month?

Business Intelligence Analyst has approximately 5,400 search volume (SV) per month on Google according to an independent study conducted by redShift Recruiting.

There are approximately 590 candidates per month searching for this position that we can confirm.

There are approximately 390 employers per month searching for this role’s job description that we can confirm.

This does not include other major job board data, and only considers natural occurring Google search volume estimates.


How Many Business Intelligence Analyst Jobs & Job Seekers Are There?

According to Indeed Hiring Insights (May 2021): there are 2,225 open jobs posted by 1,309 employers hiring for 74,477 candidates looking inside the USA.

This means there are 33 job seekers per job on average for this tech position.


Recruiting BI Analysts

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