With advanced technology and automation, data has become an essential staple among organizations. One component in this environment is the Business Intelligence Analyst—a specialist who is responsible for making raw data usable by the organization. The demand for business intelligence (BI) analysts is expected to increase, with the Bureau of Labor Statistics (BLS) predicting the job market for BI analysts to grow by 23% from 2021 to 2031

This position is vital in assisting companies to realize their goals and bring value from the data gathered and stored for their competitive advantage. Here’s all about the business intelligence analyst responsibilities, qualifications and other details that are part of the Business Intelligence Analyst job description. 

What Is a Business Intelligence Analyst?

A Business Intelligence Analyst is a strategic thinker who analyzes business performance using data and financial knowledge to help organizations gain insights to drive better decisions. They have a lot of experience in data analysis and presentation.

What Does a Business Intelligence Analyst Do?

Business Intelligence Analysts play a pivotal role in organizations by:

  • Developing new data analysis processes
  • Analyzing data
  • Data collection and management
  • Data warehouse management
  • Identifying trends
  • Business intelligence
  • Data and information visualization
  • Prepare analytical reports 
  • Review and validate incoming data
  • Assessing analytics on an ongoing basis
  • Collaborate with business users
  • Database tools
  • Develop and manage BI solutions
  • Document operational procedures
  • Document technical specifications or requirements
  • Perform data profiling to identify anomalies
  • Present data analysis to senior leaders
  • Sharing findings
  • Statistical analysis

Business Intelligence Analyst Job Description

Let’s share a sample of a business intelligence job description. It can go as follows:

We seek a dedicated Business Intelligence Analyst to join our team and contribute to leveraging data to drive informed decision-making and strategic initiatives. The BI Analyst will work closely with our cross-functional teams to spearhead projects for ongoing improvement.

Business Intelligence Analyst Duties:

  • Develop and implement strategies for gathering, analyzing, and interpreting business data to identify trends and insights.
  • Collaborate with stakeholders to comprehend business requirements and translate them into data analysis and reporting solutions.
  • Conduct ad hoc analysis to answer business questions and support decision-making processes.
  • Identify opportunities for process improvement and optimization through data analysis and performance monitoring.
  • Perform data validation, cleansing, and transformation to ensure data accuracy and integrity.

Requirements And Skills:

  • A bachelor's degree in an associated discipline, such as data analytics.
  • Three years of experience, at the very least, as an analyst.
  • Proficiency in data visualization tools such as Tableau, Power BI, or QlikView.
  • Good interpersonal skills and the capacity to work well with teammates.

Business Intelligence Analyst Responsibilities

Now that you know what a business intelligence analyst description looks like, here are the primary responsibilities of a BI Analyst:

Developing New Data Analysis Processes

Optimizing techniques for gathering and handling data to minimize conjecture, error or redundancy.

Analyzing Data

Data mining for a set of objectives to inform decision-making.

Data Collection and Management

This protects data quality and credibility by enhancing various aspects of the data, such as collecting, storing and managing it.

Data Warehouse Management

Preserving data warehouses and enhancements to provide users with the best databases to store their information and access it quickly.

Identifying Trends

The modeling and analysis of data to detect patterns used to guide business decisions.

Business Intelligence

Preparing and using data to provide organizational decisions and solutions.

Data and Information Visualization

Create graphs, charts, and other devices to help understand written data and its significance.

Prepare Analytical Reports

Making use of data analysis and preparing detailed reports with it.

Review and Validate Incoming Data

A comparison of new data was conducted to determine their reliability.

Assessing Analytics on an Ongoing Basis

It is concerned with evaluating the data analytics activities to determine organizational fit.

Database Tools

Applying applications such as SQL to command data and make queries.

Develop and Manage BI Solutions

Management of business intelligence and related systems and structures.

Document Operational Procedures

Taking notes on the methods and processes being employed during data analysis.

Document Technical Specifications or Requirements

To produce strict technical specifications for the required data analysis.

Perform Data Profiling to Identify Anomalies

To classify, retrieve or compare data to identify and correct mistakes.

Present Data Analysis to Senior Leaders

Presenting information to senior-level management teams.

Sharing Findings

Sharing findings within the organization, into production systems, and customers.

Statistical Analysis

The most common practice in using data is applying statistical methods to analyze it.

BI Analyst Skills

A successful BI Analyst should possess a mix of technical and soft skills, including:

  • Technical skills: Knowledge of relational database management, particularly SQL, data modeling and data warehouse tools. Knowledge of BI tools, such as Tableau, Power BI, QlikView, Qlik Sense, etc.
  • Analytical skills: Weakness: Proficient in assessing and comprehending different types of information.
  • Statistical knowledge: Knowledge about statistical testing procedures and abilities to use these in practice.
  • Problem-solving: The key business skill to be highlighted as an advantage is the opportunity to identify problems and generate appropriate solutions.
  • Communication skills: Good at communicating data findings to other management team members.
  • Attention to detail: This means being careful when processing data.
  • Collaboration: Opportunity to engage with the different departments and other stakeholders.

Companies Hiring Business Analysts

Industry

Company Names

Tech

Google, Amazon, Microsoft, Facebook

Finance

JPMorgan Chase, Goldman Sachs, Citibank

Healthcare

UnitedHealth Group, Pfizer, Merck

Retail

Walmart, Target, Costco

Consulting

Deloitte, PwC, Accenture

Telecom

Verizon, AT&T, T-Mobile

Automotive

Ford, General Motors, Tesla

E-commerce

eBay, Shopify, Alibaba

Manufacturing

Procter & Gamble, 3M, General Electric

Energy

Chevron, ExxonMobil, BP

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Salary of a Business Intelligence Analyst

The salary of a business intelligence analyst depends on location, years of experience, and sector. The average salary of a business intelligence analyst is Rs. 15.8 lakhs per annum.

BI Analysts have a variety of career paths available to them, including:

  • Data Analyst: It is closely associated with data mining and business intelligence since it involves gathering, sorting, and presenting data.
  • Data Scientist: Using mathematical and statistical analysis, including machine learning.
  • Business Analyst: Collaborates with other business units to decide how to enhance organizational operations.
  • Data Engineer: Manages the structural supports for analysis to keep them efficient and effectively functioning.
  • Data Architect: Plans and coordinates the creation and maintenance of data storage and management systems.

Conclusion

Business Intelligence Analysts are important today in organizations, and organizations must get the right talent to convert data into value. A BI analyst description gives a complete overview of the various activities within which they are expected to have a mix of skills.

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FAQs

1. Can a Business Intelligence Analyst role be entry-level?

Yes, a Business Intelligence (BI) Analyst role can be entry-level. Many companies offer junior or entry-level BI Analyst positions designed for recent graduates or professionals with limited experience in the field. These roles often provide on-the-job training and mentorship, helping new analysts develop their skills in data analysis, data visualization, and business intelligence tools. An entry-level BI Analyst typically focuses on tasks like data collection, basic data analysis, and report generation, gradually taking on more complex responsibilities as they gain experience.

2. What is the difference between Business Intelligence and Business Analytics?

Business Intelligence (BI) and Business Analytics (BA) are closely related but distinct fields:

  • Business Intelligence (BI) focuses on using historical data to generate insights, reports, and dashboards that help organizations understand their past performance and current state. BI tools are used to aggregate, analyze, and visualize data, providing actionable information for decision-making.
  • Business Analytics (BA) goes a step further by using data to predict future trends, identify opportunities, and provide recommendations for action. BA often involves advanced statistical analysis, predictive modeling, and machine learning techniques to forecast outcomes and optimize business strategies.

3. How do Business Intelligence Analysts handle large datasets?

Business Intelligence Analysts handle large datasets by using a variety of techniques and tools:

  • Data Warehousing: They use data warehouses to store and manage large volumes of data efficiently.
  • ETL Processes: Extract, Transform, Load (ETL) processes are used to extract data from different sources, transform it into a suitable format, and load it into data warehouses.
  • Database Management Systems (DBMS): They utilize robust DBMS like SQL Server, Oracle, and MySQL to manage and query large datasets.
  • Big Data Tools: For extremely large datasets, they may use big data tools and technologies such as Hadoop, Spark, and NoSQL databases.
  • Data Visualization Tools: Tools like Tableau, Power BI, and Qlik help in summarizing and visualizing large datasets for easier interpretation and analysis.
  • Optimization Techniques: They implement indexing, partitioning, and other optimization techniques to improve query performance and data retrieval speeds.

4. How do Business Intelligence Analysts contribute to marketing?

Business Intelligence Analysts contribute to marketing in several ways:

  • Customer Insights
  • Campaign Analysis
  • Market Segmentation
  • Predictive Analytics
  • Performance Reporting

5. What kind of reports do Business Intelligence Analysts create?

Business Intelligence Analysts create a variety of reports, including:

  • Operational Reports
  • Sales Reports
  • Financial Reports 
  • Marketing Reports
  • Customer Reports
  • Performance Dashboards
  • Trend Analysis Reports

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