One of the most sought-after professions nowadays is business intelligence. Business intelligence is your career if you’re seeking one that will be in great demand for years to come. But what positions are needed in this industry? In this blog post, we’ll talk about seven places in high order in the business intelligence industry. So continue reading if you want to shift careers and join the business intelligence industry.
Data analysts must extract, manipulate, and analyze data to assist businesses in making wiser decisions. They employ a range of instruments and methods to comprehend trends, spot patterns, and provide insights. A background in mathematics, statistics, computer science, or another quantitative subject is typical for data analysts.
One of the most sought-after positions in business intelligence today is that of the data analyst. This is because data is becoming increasingly crucial to organizations of all kinds. Businesses need someone who can assist them make sense of the growing amount of data they are collecting. This position may be ideal for you if you are a competent analyst and enjoy working with enormous amounts of data.
By evaluating data, business intelligence analysts are in charge of assisting organizations in making better decisions. They employ a range of instruments and methods to comprehend trends, spot patterns, and provide insights. Business, economics, or other quantitative subject often come from business intelligence analysts.
Don’t worry if you have no experience in business or economics but are interested in a job in business intelligence. Business intelligence analysts frequently come from unusual backgrounds. The most crucial factor is that you have excellent analytical abilities and feel at ease with big amounts of data.
What is business intelligence (BI)?
Business intelligence (BI) is data collection, archival, and analysis. Business intelligence encompasses a wide range of positions, and since most are currently in high demand, it’s a great time to hunt for employment if you want to work in data science.
Here are seven business intelligence jobs that you should check out:
Average annual salary: $61,841
The profession of a data analyst is ideal for college students who wish to begin their careers in business intelligence. Data systems and databases that assist businesses in gathering, organizing, and analyzing data are designed and maintained by data analysts. You must possess strong analytical abilities and the ability to clearly explain your conclusions orally and visually if you want to succeed in this position. You’ll probably also require some technical experience, such as understanding computer languages like Python, R, or SQL.
Average annual salary: $69,984
Entry-level employment in the field of data science is business analysis. The title of a business analyst is similar to that of a data analyst. Still, the responsibilities of the two roles are slightly different: business analysts focus on evaluating business processes to identify areas that require improvement rather than developing and maintaining data systems and databases.
They must mine the data for solutions to increase productivity, reduce expenses, and implement other beneficial changes. They must be able to persuade stakeholders and provide data to support their proposition. They often don’t conduct any actual programming. Therefore, they need less technical knowledge than data analysts.
Average annual salary: $96,551
Data scientists create data strategies, collaborate with data engineers to get the required data and conduct data analysis to conclude. Both statistical modeling and machine learning, two required methods that help data scientists mine data for analysis, are typically skills they possess. Additionally, they provide reports to important stakeholders via presentations, dashboards, and other tools. Data scientists monitor the company’s metrics over time to evaluate how they change and determine whether their recommendations have the desired impact.
Average annual salary: $92,632
Although one individual may perform the duties of both a data engineer and a data scientist in smaller organizations, larger organizations typically divide these responsibilities into two roles because both positions demand such distinct skill sets.
In a nutshell, a data engineer develops techniques for acquiring the data, while a data scientist investigates the needs and goals of the data they require. In addition to building the infrastructure, data engineers also maintain it and fix any possible problems. Positions as a data engineer typically require more technical knowledge than that of a data scientist, including SQL, NoSQL databases, R, Python, Java, and other programming languages.
-Business Intelligence Consultant:
Average annual salary: $81,421
If you want to work in business intelligence but don’t want to be committed to one organization, business intelligence consultancy may be the ideal position for you. Working with many clients as a BI consultant would involve examining gathered data, identifying areas that want improvement, developing new systems for data collection and processing, monitoring outcomes, etc. No two days or weeks are the same because the specific duties vary depending on the customer; many appreciate this aspect of the work because it keeps things fresh.
-Business Intelligence Manager:
Average annual salary: $102,805
These data scientists and engineers must be managed by a business intelligence manager, who often works in a business intelligence department. In addition to translating management’s directives into concrete requests for the data team to turn into databases and analysis, they act as a buffer between the data people and top management, delivering data team findings to control in a way they can understand.
Business managers are frequently promoted from within the department, so they are familiar with the everyday tasks performed by data scientists and engineers and their preferred tools. Business managers also collaborate with their data team to develop more specific objectives that support the company’s larger aims.
-Director of Analytics:
Average annual salary: $129,434
The most significant and senior position in business intelligence is that of director of analytics. They are in charge of the whole data-related department of a company, including data analytics and data warehousing. Depending on your industry, this position’s title may be different; nevertheless, examples include the director of risk analysis and policy or the director of online analytics and optimization.
We at TechnologyAdvice are looking to grow our data-focused positions! Browse our career page for job vacancies and descriptions if you’re interested in working with a group of people who share your enthusiasm for statistics. And if the ideal position isn’t listed, don’t worry—just send a general application. We would be happy to keep your information on file for potential future jobs.
Why work in Business Intelligence?
Given that it never gets boring or repetitive, business intelligence offers a career path that is continually changing and intriguing. Every day you have the chance to effect change, which presents new difficulties that keep you on your toes. It’s an exciting job with many opportunities to pick up new abilities.
It can feel good to know that your team has confidence in you to convey the conclusions they’ve drawn from dynamic data. Additionally, it is rewarding to observe how the data you generate and collaborate on affects the organization’s operation.
Where can a Business Intelligence career take you?
Work in various companies and industries, including banking, media, insurance, blockchain, retail, non-profits, charities, and governmental agencies, is possible with a career in business intelligence.
Here are seven in-demand Business Intelligence jobs that will help you get hired.
As more and more businesses realize the value of data-driven decision-making, there is a rapid increase in the demand for data analysts. You will be responsible for obtaining, cleaning up, and evaluating data as a data analyst to help organizations make better decisions.
-Business Intelligence Developer:
To assist businesses in making decisions, business intelligence developers design and implement BI solutions. Both technical expertise and a firm grasp of business practices are required for this position.
-Business Intelligence Manager:
The BI manager supervises a group of analysts and developers as they create and implement BI solutions. Outstanding leadership and project management abilities are essential for this position.
-Data Warehouse Architect:
Enterprise-wide data warehouses are designed and constructed by the data warehouse architect. In addition to excellent technical abilities, this position calls for a solid understanding of data warehousing principles and procedures.
To support business choices, the data modeler is in charge of developing conceptual, logical, and physical models. Excellent analytical and modeling abilities are needed for this position, along with a thorough knowledge of database design principles.
You will be responsible for developing and optimizing ETL solutions for data warehouses and other systems that depend on data as an ETL developer. Excellent technical abilities, as well as a full understanding of ETL ideas and standard procedures, are required for this position.
These are the seven BI analyst positions with the highest salaries.
What are good business intelligence jobs?
Business intelligence careers are quickly taking root as the data science industry grows. These jobs usually offer high pay and benefits, which may be both challenging and rewarding. One of the most common and well-known job titles in this industry is data engineer, also known as business intelligence engineer.
A data-intensive industry that combines commercial sense and technical expertise is information engineering. Professionals in this field may oversee large data ecosystems and work with various data, including machine output and streaming currents. Annual compensation of between $100,000 and $150,000 is typical for information engineers.
-Business intelligence engineer:
Business intelligence engineers are tasked with locating and analyzing any data that can benefit their organization. This enhances managers’ decision-making. They also develop measurements, reports, and dashboards to make it simple to examine data and share it with others as necessary. Salary ranges commonly range from $62k to 108k annually.
-25 data science and business intelligence-related job titles:
There are several skilled data scientist jobs, whether they want to stay in engineering or branch out into new occupations. Here’s a list of 25 prominent data science and business intelligence job titles to check out while looking for employment.
- data analyst
- Engineer for Data
- Analyte Architect
- analyst for data
- Developer of data services
- Expert in data integration
- consultant for business intelligence
- Manager of business intelligence
- Developer of business intelligence
- Director of business intelligence
- architect for business intelligence
- Analyst for business intelligence
- expert in business intelligence
- enterprise analyst
- Analyst of business processes
- performance researcher
- study engineer
- Director of Analytics
- Director of Analytics
- Chief Analytics Officer
- in charge of risk analysis and policy
- Web analytics and optimization director
- Director of analytics and business intelligence
- Health analytics director
- the reporting director
-Training online for business intelligence jobs:
While several great on-campus data science graduate programs are available, many professionals pursue master’s degrees in this field remotely. In digital data, taking a class in person appears to be an excellent fit. Students may learn up-to-date data analytics and business intelligence training through distance learning courses taught by dynamic and certified instructors.
Studying online for a data science degree is one of its most attractive features. You can complete your master’s degree remotely without having to leave your job or other commitments behind. This makes these programs ideal for nontraditional students who have busy lifestyles.
The Online Master of Science in Data Science from the University of Virginia’s School of Data Science provides a cutting-edge data science and analytics curriculum taught through collaboration and research. Students learn about the intricacies of using data for organizational success while studying technical, quantitative, and philosophical studies to comprehend better the challenges of utilizing data. Graduates can deploy their business intelligence capabilities across various sectors, including medicine, engineering, technology, and public policy.
What Does a Director Of Business Intelligence Do?
Business intelligence (BI) uses information and technology to generate thoughtful decisions. BI experts collect, assess, decipher, and communicate data that helps their organization make decisions. BI can be applied to all aspects of a business, including marketing, sales, human resources, and customer support.
-Director Of Business Intelligence Job Duties
A director of business intelligence often performs the following tasks:
- Keeping track of market developments to identify possible areas for growth or risks to the company’s business model.
- Creating data-driven reports to aid management in making wise decisions.
- To find patterns and trends in data that could help companies create marketing plans.
- By creating data models and performing segmentation analysis, I assist businesses in understanding their customers better.
- I offer suggestions for enhancing current business procedures to increase their effectiveness and profitability.
- Establishing a business intelligence strategy that is aligned with the organization’s goals
- Evaluating novel technology that could improve client happiness or business operations
- Goals are developed to get the outcomes we want. For the performance to be evaluated, tasks must be finished in a certain period, and objectives must be accomplished.
- I specialize in making process suggestions that can assist the company in achieving its objectives.
-Director Of Business Intelligence Salary & Outlook
Directors of business intelligence earn a range of salaries depending on their level of education, years of experience, company size, and industry. Their remuneration may also include commissions or bonuses.
- $155,000/year on average ($74.52/hour)
- Salary for the top 10%: $375,000 ($180.29/hour)
According to Burning Glass, over the next ten years, employment for international directors of business intelligence is expected to grow substantially faster than the average rate. Demand for BI analysts is anticipated to increase as companies look to gain a competitive edge by analyzing data and making better business decisions. Additionally, the need for these specialists will continue to rise due to the requirement to integrate BI with other technologies like cloud computing.
-Director Of Business Intelligence Job Requirements
A director of business intelligence often needs the following set of skills:
You require a bachelor’s degree in computer science, information technology, statistics, or mathematics to work as a business intelligence director. Certain employers favor applicants who have earned a master’s degree in business administration and focus on business intelligence.
Training & Experience:
Directors of business intelligence typically have at least ten years of experience in a relevant field. Before being elevated to the director level, they can have had positions as analysts, managers, or executives. They might have worked in various industries, including technology, manufacturing, healthcare, retail, and finance.
Certifications & Licenses:
Business intelligence directors have several certification alternatives to choose from. You may show prospective and present employers your skills and capabilities with certifications. You can also get certificates to improve the comprehension of your duties and improve your work prospects.
-Director Of Business Intelligence Skills
Anyone who wants to work as a director of business intelligence must possess the following abilities:
Business intelligence professionals use communication skills to convey information to their teams, clients, and other stakeholders. They further solicit input from others using their communication skills. Your ability to communicate will help you explain complicated information clearly to others.
-Data analysis skills:
The ability to evaluate and comprehend vast amounts of data is called “data analysis.” Organizations utilize data analysis, a sort of statistical analysis, to find trends, patterns, and other information in massive data sets. This could involve looking at information from both internal (like business databases) and external (like social media) sources.
Because they oversee the collection of data that enables the organization to make informed decisions, directors of business intelligence must possess a high level of business acumen. Understanding what information is needed, how to get it, and how to analyze it are all necessary.
-Critical thinking skills:
The capacity to interpret facts and information is considered an analytical thinking skill. Decisions are typically made to benefit your company. If you work in business intelligence, you might be required to analyze complicated datasets and suggest actions based on your findings. For instance, you might be requested to examine sales data that indicate a recent downturn. To determine if the drop is a brief anomaly or something more severe that calls for more research, you would need to employ analytical thinking abilities in this situation.
Since they are typically in charge of recognizing possible problems and offering solutions, business intelligence professionals need to be skilled problem-solvers. A business intelligence director might be tasked with, for instance, assessing data to determine whether sales are rising or falling and then suggesting strategies to boost sales if they fail.
-Director Of Business Intelligence Work Environment
Although the Business Intelligence Director typically works from an office, occasionally traveling may be required for meetings with clients or other business partners. The director generally works a 40-hour workweek, but on occasion, extra time may be needed to fulfill deadlines or attend meetings on the weekends or in the evenings. It could be difficult because the director is responsible for gathering and reporting correct, current information. On the other hand, the director enjoys a great deal of autonomy and takes pride in knowing that the information he or she gives is crucial to the company’s success.
-Director Of Business Intelligence Trends
These three changes are affecting how business intelligence directors conduct their business. Business intelligence directors must stay current with these changes to keep their knowledge current and sustain a competitive edge at work.
The Need for More Collaboration Between Business and IT:
A rising tide of companies is embracing IT to keep one step ahead of the competition by making data-driven decisions.
Directors of business intelligence should prioritize developing ties with staff members from various departments. In this approach, they can collect information and examine it collectively to make more robust conclusions about the company’s future.
More Focus on Data Governance:
Data has always been crucial for a company, but as it becomes more pertinent, there is a greater need for people who can manage and monitor it properly. For everyone inside the organization to easily access the data, the director of business intelligence is brought in to ensure that it is not only collected but also effectively categorized and evaluated.
Directors of business intelligence who understand how to handle, store, and analyze data can assist their organizations in making decisions based on facts rather than conjecture. Additionally, they may ensure that the proper security precautions are taken to shield data from hackers.
A Greater Emphasis on Security:
The Director of Business Intelligence must be cutting edge regarding brand-new security dangers. To convey the significance of data protection procedures throughout the firm, they must also have excellent communication skills.
What education and training are required for BI jobs?
A bachelor’s degree in business administration, computer science, or a closely related field is typically necessary for BI jobs. Many employers favor candidates who have prior experience with BI tools and applications. You can find a variety of online courses and accreditation programs to assist you in acquiring the skills and information required for a job in business intelligence.
How to Become a Business Intelligence (BI) Analyst
A specialized Master’s program that will teach you everything there is to know about business intelligence (BI) is one of the many paths you can take to become a BI analyst. To succeed in this sector, you must have exceptional mathematical abilities and understand how businesses function; therefore, doing the coursework alone is insufficient. Additionally, knowing various databases and IT systems utilized by firms will offer you an advantage over competitors. Since not everyone possesses in-depth technical knowledge, BI analysts must be able to explain technical information clearly and concisely if they wish to succeed.
A master’s degree in business intelligence is a frequent and straightforward approach to acquiring the skills necessary for business intelligence, while there are other alternatives as well. However, you might qualify for entry-level BI positions if you hold a bachelor’s degree with a major in computer science or information systems and a minor in a business-related subject (like economics or finance). Also, remember that some graduate degrees, such as MBAs with specialties in analytics and master’s degrees in data science or analytics, may assist you in starting a career in business intelligence.
One of the professions we highlighted above may be a good fit for you if you’re seeking a business intelligence career in high demand for years to come. Remember that job descriptions and requirements can differ from company to firm, so it’s crucial to research the position before applying. Additionally, if you already work in business intelligence and want to advance your career, these seven positions are a wonderful place to start. Do you believe this list should include any more roles? Tell us in the comments section below!