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Kick-start a Career in Business Intelligence (BI)

By Himanshi Sharma

Are you really searching for a big leap in your career, and then you can kick-start afresh with Business Intelligence (BI), one of the most ultimatum domains in the current business segment.

As an all-inclusive branch of online data analysis, BI is predominantly a stimulating field because its roots are resolutely planted in two separate areas, including computer science, business strategy. With the help of BI, actionable decisions can be taken. Business information along with various BI tools can propel business strategically. With the help of BI, you can boost your brand awareness, internal engagement, efficiency, and profitability. To start a career in business intelligence, you are required to focus on your technical knowledge and problem solving attitude.

Career in Business Intelligence

Career in Business Intelligence is really exciting as per the market research. The analytics industry and BI is estimated to soar to a value of $26.50 billion by the end of 2021. Furthermore, business entities that use BI analytics are five times more likely to make hastier, more informed decisions.

Business Intelligence as a Career Option- a solid step toward your success

To comprehend this concept in a practical manner, we need to know various important concepts involved in BI.

Flexible: In the true sense of the term, BI is a wide-ranging and extensive field, with many diverse areas to specialize in or focus on. This variability comes up with a great deal of career flexibility without the necessity to entirely shift your areas of skill set or expertise.

Ample Choices

After completion of your BI program with any of the training institutes, you can easily opt for specific sorts of companies or firms functioning within a certain industry or niche. For instance, if you are passionate about agricultural reform, you can work as a BI professional who expertises in using data and various online BI tools to make the agriculture department run more smoothly and efficiently.

Job Openings and Salary

The demand for competent business intelligence analysts and managers is expected to ascend to 14% by 2026, According to the US Bureau of Labor Statistics. Business Intelligence professionals working as consultants usually command the lucrative salaries, mainly in vertical markets with the maximum growth such as software and pharmaceuticals.

The average salary for a Business Intelligence analyst is $66,645 per year, with a reported salary range of $48,701 to $93,243 - According to data from PayScale.

Vast Future Scope:

The world has understood the power of Business Intelligence. It can be used across various industries like software, retail, healthcare, government projects, etc. This scope is going to get extended in near future.

Key Players Dominating the Market of Business Intelligence

  • Oracle
  • SAP Se
  • Microsoft
  • SAS
  • DOMO, Inc.
  • IBM
  • Tableau Software (Salesforce.com, Inc.)
  • Sisense
  • Tibco Software
  • Zoho Corporation Pvt. Ltd.
  • Looker
  • Birst
  • QlikView
  • Information Builders
  • Yellowfin International Pty Ltd

Business Intelligence (BI) can assist companies by:

  • Identifying definite ways to increase profit
  • Analyzing customer behavior
  • Comparing data with competitors
  • Tracking performance
  • Optimizing operations
  • Predicting success
  • Spotting market trends
  • Discovering issues or problems

Some of the key players competing in this domain and their market shares are provided in the below pie chart

Essential Business Intelligence Skills?

What Are the Essential Business Intelligence Skills?

  • Data analysis
  • Problem solving skill
  • Specific industry knowledge
  • Communication skills
  • Forward-looking vision
  • Attention to detail
  • Business acumen

How Is BI Creating a Difference?

BI technologies and tools are transforming the business landscape:

  • Streamlines the business decisions
  • Makes business operations smoother
  • Provides a great visibility to facts
  • Enables businesses to thrive in a competitive edge

Numerous profiles awaiting skilled BI professionals:

  • Business Intelligence Analyst
  • Business Intelligence Project Manager
  • SQL Server Business Intelligence Developer
  • BI Semantic Model Developer
  • Business Intelligence Administrator
  • Business Intelligence Developer
  • Business Intelligence Manager
  • Business Intelligence Consultant

To Sum Up:

Hence, if you really want to kick-start a career in business intelligence, then it is important to have a certification that is going to give you a privilege over other candidates. Cyber Radar University offers you a wide range of BI certification courses through its industry aligned curriculum and trainers having relevant industry knowledge and expertise who will take you up to an entire new-fangled level in your professional journey.