By DeVry University
June 6, 2023
5 min read
June 6, 2023
5 min read
Business intelligence (BI) is the use of software and services that help to turn data—often “big data”—into actionable insights that can be used to form smarter decision making. For example, companies can use BI to identify problems, increase efficiency, spot market trends early on and develop revenue-boosting strategies. It's the responsibility of business intelligence analysts to analyze the insights being generated and use them to help an organization’s key players make better decisions, plans and strategies.
Assessing these four key big data elements can give business intelligence analysts a comprehensive view of their organization’s data that can then enable them to identify areas that need improvement, estimate the scope of their work and organize an effective data analysis plan.
With their exceptionally large data sets, data being analyzed often falls into the category of “big data.” Big data provides information, which generates understanding and enables smarter decisions. This doesn’t just apply to business—it's relevant for healthcare, crime prevention and other industries, and makes business intelligence analysis an exciting career.
Entry-level business intelligence analysts, however, will typically report to a mid-level manager or higher-level analyst, such as:
These workplace skills are also important for business intelligence analysts:
1Accelerated schedule is per 12-month period, assumes completion of 3 semesters, enrollment in 12-19 credit hours per semester and continuous, full-time year-round enrollment with no breaks. Normal schedule is per 12-month period, assumes completion of 2 semesters and full-time enrollment in 12-19 credit hours per semester.
2Growth projected on a national level. Local growth will vary by location. BLS projections are not specific to DeVry University students or graduates and may include earners at all stages of their career and not just entry level. https://www.bls.gov/ooh/math/data-scientists.htm
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