Business Intelligence Consulting – A Business Intelligence Consultant or BI Consultant is responsible for improving a company’s internal processes through communication and data analysis in order to achieve a competitive advantage. But what is business knowledge and what is required in this position?
In our Career Insights series, we regularly provide in-depth analyzes of different careers, many of which are very exciting and relevant for freelancers.
Business Intelligence Consulting
Today we look at business intelligence consultants, also known as BI consultants. First, let’s do a brief job description, then look at the most important skills for a BI consultant.
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Business intelligence is a technical process that collects, analyzes and interprets data in a way that is easy to understand. It’s about the big picture – measuring the processes and their results inside and outside the company today, it’s easier to collect data and there are many tools that make it easy to view. That and the big nature of data has forced many companies to do BI analytics, which means that business intelligence consultants are hot right now.
The job of a BI consultant is to use all available technologies to help companies extract, refine and organize data from various sources (internal and external) of their choice for decision.
With the help of this data and the idea that the BI consultant needs to understand the context in which the company operates, the business intelligence expert can give suggestions for improving business processes. With the available data, they can predict future events and developments.
What Does A Business Intelligence Consultant Do?
This is why BI consultants are important for planning, strategy and analytical decisions in the company. Thanks to BI tools and their analysis, new business lines can be planned, costs can be improved or the company’s growth can be improved.
Tools are essential for BI analysis and we’ll get to them in a second. But that only comes to you if you don’t know where the data comes from and what it means. So, first of all, you need to have experience with statistics. “It’s stupid and the tool is stupid” is a statement I’ve heard many times about BI, and it’s not true.
Statistics can be a tough field to break into, but if you have a background in math or science, you probably already know the basics without realizing it.
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There are many different tools you can use as a BI consultant. The first layer, and the most difficult one, involves looking at the datasets and checking if the contents are correct. There are many tools for this, but two in particular:
– R is a very popular tool, used by statisticians, scientists and consultants. There are many tutorials and documentation to help you, many of which are built into R. Better yet, this tool is open source and free. R comes with a great community ready to help its new members. However, there is a lot to do and if you have never used a similar tool, it can be intimidating at first.
– SPSS is similar to R, you can analyze the data in any imaginable way. Its advantages are that it is more popular in the business world, and it is also easy to use. However, this comes with a price – literally. SPSS is an expensive tool, but it can be affordable, especially if it is licensed by most companies.
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You can visualize it using R and SPSS, but there are better tools for that. Depending on whether you want to focus on SAP or not (in that case stick only to it), there are two different options:
– Tableau is fully equipped with data analysis and visualization. It is an important tool that is used all over the world because it is a good combination of simplicity and strength. If you have the data checked, cleaned, and ready for analysis, a simple entry into a Table will produce almost immediate results.
– QlikView is similar to Tableau in that it can visualize data, but there are some differences. It has an integrated BI platform and comes with demos, training manuals and many tutorials, which will help you quickly master some of the best practices. However, it’s not like Tableau at first.
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BI consultants who are very popular today have many job titles related to the field but focus on specific tools or focus on analysis or visualization. Here are some of the most common ones:
As we mentioned in the introduction, BI consultants are in high demand right now. In addition, a successful BI consultant needs many skills. Statistical knowledge and the appropriate use of tools and methods of communication are similar to many specializations. Because of this, you can expect a very good price.
According to Glassdoor, the national average annual salary in the United States is around $84,000, with the potential to reach $120,000 with the right skill set.
Business Intelligence Consultant
As with payment numbers, keep in mind that there are differences between countries and sometimes even cities. So, if you want to get an estimate of what you can make as a BI consultant, visit those two sites and find your desired location.
BI talk is a great place for freelancers. Most small and medium-sized companies either don’t have their own BI consultants or want to hire them for specific projects. This is why all companies work with outside consultants. And although there are companies that specialize in providing these services, freelancers are still in a good position to find clients if they have the right skills and experience to support them.
Are you considering becoming a BI consultant or already in the field? We’d love to hear what you have to say in the comments section below this article!
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Viktor is the voice behind the blog. Each week comes with helpful tips, checklists and guides for freelancers and freelancers. If you want to know how to find remote work online or how to become a freelancer, don’t miss his tips for freelancers! In the digital age, data is a key resource for everything: from building to running a business, individuals need to be connected to survive. The problem is that the amount of data available offline and online is too much to keep track of manually, and it will continue to grow. According to Raconteur, we send 500 million tweets, send 294 billion emails and five billion search queries every day. The amount of data created every day is predicted to reach 463 exabytes by 2025. The statistics are staggering, and the first question that arises is: “How to analyze all this data ?”
To help you choose the best business intelligence providers and understand the business intelligence market, JCA has conducted more than fifty company surveys. In our opinion, 10 business intelligence organizations deserve further investigation.
We have compiled a comprehensive list of companies that, in our opinion, are the best in our industry.
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Detailed list of the world’s leading intelligence companies. first place. The North | WASHINGTON DC
North Highland started in a loft with one owner and three computers, and has grown into a global company with 5,000 consultants. Today, the corporation has 65 offices in the United Kingdom, the United States, France, Germany, China and other countries. Located in Atlanta, Georgia.
North Highland focuses on several types of business intelligence, such as data analysis, visualization, engineering and management. Energy, health and marketing are the main goals of the organization.
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Metia, founded in 1989, has grown into a global company with locations in the US, UK and Singapore. In addition, many well-known companies, such as Dell, HBO and Intel, are among their customers.
The firm offers a number of services to assist in the development of the enterprise, such as data analysis, visualization and implementation. Metia focuses on education, healthcare, finance and technology industries.
Founded more than eight years ago, DataMade is a successful business intelligence specialist that provides business solutions based on high-quality data, including reporting, engineering and end-to-end analysis of internal and external data.
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DataMade also offers three proprietary platforms aimed at managing data-related operations alongside its services: Dedupe, Councilmatic and Financial Separation. The company’s main interests are education, finance and the public sector.
IOLAP is a business intelligence company with over 20 years of experience. The company is headquartered in Frisco, Texas, with offices in Austin, Texas, and Rijeka, Croatia. iOLAP has worked with companies such as American Airlines, Blizzard and Burger King as a team of experts.
This BI consulting firm was founded in 1993 by a small group of data analysts with the goal of becoming an industry leader. They are the first step
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