A Business Intelligence Analyst supports management decision making, strategic and tactical, by drawing upon relevant data and information sources and using trend and pattern identification to produce analytical reports. The source data used may be internal or external to the company.
Job Description: What Does a Business Intelligence Analyst Do?
A Business Intelligence Analyst is responsible to first define what business analytics the client needs to make the best decisions for current operations and future strategy. They must then identify where relevant data can be found, its validity and currency. These might be external sources such as academic studies, consulting company reports or internal metadata collected from customers and business transactions. After gaining access to the data stores, they decide on the best manner to analyze the data. Next, they design and prepare the reports on the data analytics to communicate the intelligence in a meaningful way to management.
In some companies, they may be asked for input as to what data, and data repositories, are needed. This might include the methodology to collect the data. The design of the databases can significantly improve the analytical process.
To clearly define the business issues to be addressed and the objectives of the requested reports, an understanding of the business needs of the subject company is essential. A Business Intelligence Analyst may work independently within the company or as a consultant. Continuous learning is required to keep skills fresh for the constant advances in the technology.
Business Intelligence Analyst Job Responsibilities and Duties
A Business Intelligence Analyst uses the best data sources to identify trends in the market, both real time and in the future. They are required to:
- Be knowledgeable of the different types and sources of data related to the current business
- Identify technology trends and their application and benefit to the business.
- Identify what reports are needed.
- Analyze external data and reports on related product and industry trends.
- Identify and help manage internal data sources, including assisting in targeting data for collection.
- Define and manage databases.
- Produce reports and communicate with management, clients and others as required.
- Champion prioritized solutions and changes.
- Understand and predict market share and influencers.
- Support recommendations with accurate, logical data analysis.
- Provide technical support for analytic and data management software purchase, maintenance or use.