Data is the fulcrum of vital business decisions. But it’s of no use if you cannot extract actionable insights and drive business decisions. This is where Business Intelligence (BI) analysts add science to the data.
Organizations hire BI analysts for data-based storytelling. The holistic data analysis gives major insights into customer acquisition, retention, user experience, and also product performance.
As one of the hottest tech jobs in 2022, BI Analysts are pervasive across all different business verticals. They optimize existing data and spearhead revenue-based initiatives.
A Business Intelligence Analyst uses data to help navigate business decisions. Enterprises need them to break down the data, interpret the findings, and share them for business growth and recommendations.
A typical day for the role includes data collection, analysis, interpretation sharing the information with the right audience.
The U.S Bureau of Labor Statistics notes that careers in business intelligence are the 10th fastest-growing jobs in the coming decade with a projected growth rate of 11% between 2020 and 2030.
As per Glassdoor estimates, the national average for a Business Intelligence Analyst’s salary in the USA is $85,690 per year, with an added compensation between $1,538 – $20,647.
Here are the KPIs to measure a Business Intelligence Analyst’s work potential:
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