Business Intelligence Analyst in the IT industry
What is a Business Intelligence Analyst?
BI Analysts help organisations turn information into insight, creating real-world business context from obscure facts and figures. This helps people make better decisions and better identify efficiencies. Their aim is make the business more competitive.
What Skills Does A Business Intelligence Analyst Need?
- Problem-solving – Creative thinking, and an open, analytical mind are the key skills required by a BI Analyst.
- Business smarts – A deep understanding of the businesses strategy, objectives and goals.
- Communication skills – BI Analysts must be able to simplify complex information, so strong presentation and writing abilities are a must.
- Collaboration – As the glue between data and the wider business, a good BI Analyst will enjoy working with people across the organisation to better understand the way they work, and identify their business needs.
- Project management – The ability to develop clear and detailed implementation plans and budgets for the systems and improvements they recommend.
- Technical expertise – As a key part of the job, BI Analysts must have a thorough understanding of data manipulation, data management, and systems. They typically use software such as Oracle, IBM Cognos, and Microsoft Power BI.
Business Intelligence Analyst Roles & Responsibilities
This busy role is responsible for ensuring the organisation can make the most of its data.
- Consult with key stakeholders including internal teams and external customers
- Understand and analyse the way the business and its people work, its information and business intelligence requirements
- Recommend technical solutions and improvements that will provide the business greater analytics and insights capability. This includes making a business case for new computer hardware or software investment if required.
- Design, develop and support plans for the testing, implementation and ongoing operation and maintenance of technical solutions
- Manage and maintain up-to-date knowledge of business intelligence tools and trends
- Manage relationships with business intelligence product suppliers
The Day to Day Work of a Business Intelligence Analyst
There is a lot more to a a BI role than just numbers on a spreadsheet.
BI Analysts spend a lot of time with people to truly understand the way they work, and the information they need to do their job better. This could involve spending time one-on-one, sitting in on a team meeting, or consulting with external stakeholders and suppliers to develop a clearer picture of the businesses data and intelligence requirements.
With this information, the BI Analyst gets to work – exploring, manipulating and ultimately simplifying the organisation’s data to create new and powerful insights. This could involve setting up a new sales reporting structure, through to implementing new technology to improve business processes and increase competitiveness.
BI Analysts are also responsible for the delivery of their recommended solutions – scoping plans for their development and roll out, alongside the day-to-day data management and reporting.
Business Intelligence Analyst Courses and Qualifications
To become a BI Analyst requires a tertiary degree in business analysis, business computing,information systems, mathematics, statistics or physics.
Alongside this core technical training, business management experience is also highly valued. Further professional development and certification is available for those already in the industry.
Business Intelligence Analyst Salary
As with many professional IT roles, BI Analysts are in high demand.
In New Zealand, the median salary for a BI Analysts who is just starting out is $69,000, while the average salary for a senior BI Analyst is $110,000 a year.Contractors can expect to earn between $70-100 an hour.