Today’s technological progress has changed our understanding of all aspects of life – from social roles and employability skills to trendiest professional choices. In our newest series Job of the week we are going to present to you some of the most searched for and highest paid positions in the IT sector that emerged in the 21st century.
Job of the week: Business Intelligence Analyst
In 1989 Howard Dresner (who later joined Gartner’s data analyst team), defined Business Intelligence as a umbrella term to describe concepts and methods to improve business decision making by using fact-based support systems with the help of Information Technologies (IT).
In today’s world it is no longer enough to just gather intelligence, but it is also essential to manage effectively all the data that accumulates rapidly on daily basis. The challenge now is to manage to filter it according to your business needs. Companies face even bigger problems because of the constantly increasing datasets, on the one hand, and the physical inability of the human mind to assimilate it on the other. Hence the necessity to create and develop Business Intelligence (BI) technologies.
Business intelligence analysts sometimes have to seethe through billions of records to acquire meaningful data, which then can be used for making management decisions in a specific field. Two particular examples are banks and telecommunication agencies that generate millions of client records per day. Twitter alone generates over 12 terabytes of twits daily. Facebook users’ login information by itself accounts for over 25 terabytes of data on a daily basis. There are 72 hour worth of video recordings uploaded to YouTube per minute. All of those organizations face the same major issues: how to efficiently store raw data and whether they would be able to extract valuable information from it through data analysis. Raw data used for analytics does not only come from financial transactions; it could be an outcome of various other business activities, such as retail sales, marketing, etc.
Business Intelligence Analyst therefore is a perspective professional choice that require extensive experience in finances, coupled with working knowledge of the new technological solutions in this area. It is no coincidence that Forbes places it among the top ten best paid jobs in the world; logically the demand for such specialists is on the rise as well.
Such position will be particularly interesting for people with comprehensive knowledge and experience in different business areas, as well as for those with educational background in either finances, economy, statistics, marketing, or latest technologies. Understanding business tendencies is facilitated by having previous experience and/or education in the financial sphere.
Database specialists need to be proficient in at least one of the platform technologies for database management. One of the more popular choices in this respect is SQL Server (developed by Microsoft), but there are also numerous competitors’ solutions such as Oracle and Sybase.
If you‘d like to explore the possibility to work as a Business intelligence analyst, don‘t miss to visit our website where you can find all of the currently open positions: