There is an anonymous quote we like that goes, “The eyes are useless when the mind is blind.” This quote is an excellent analogy as to why Business Intelligence Analysis is critical in business today.
Businesses today have access to massive amounts of information and data … they see a lot. However, unless that data is mined, parsed, and presented in a format so that decisions can be made it is useless … and a business is blind. Nobody sane drives while they are blindfolded. Businesses should not operate unless they fully understand and “see” their business conditions.
Large public companies in the Fortune 1,000 have been hiring Business Intelligence Analysts for a long time. Midsized companies and small businesses often do not fill this role, or even think to fill it. Outsourced business intelligence analyst services can be a great option for SMBs who struggle with the cost of this role or simply finding skilled personnel.
In this article we will highlight the role of a business intelligence analyst, what a business intelligence analyst can do for a business, why outsourcing a business intelligence analyst can make sense, plus how to outsource business intelligence analysts.
What does a Business Intelligence Analyst do?
The job post site Indeed provides this overview of what a business intelligence analyst does.
A Business Intelligence Analyst will analyze data to help an organization utilize the data to make smart business decisions. They spend most of their time in front of a computer in an office with numbers. These professionals use data to develop actionable insights.
We agree with this definition of the role of a business intelligence analyst. We also believe that a business intelligence analyst can make the complex easier in terms of data collection and analysis. Business intelligence analysts will be highly focused on creating dashboards and doing trend analysis. They will also conduct opportunity analysis and threat identification. Business intelligence analysts brings data analysis and analytics skills to everything they do. They are actively involved on a day to day basis in data collection, data mining, and data modeling,
What can a Business Intelligence Analyst do for a Business?
Business Intelligence Analysts can do a lot for a business. The number one purpose though is providing actionable data and to manage and manipulate business data so that it can be analyzed, understood, and acted on. Having a BI analyst can also mean a company can quickly generate ad hoc reports when they see conditions changing. BI analysts spend a lot of time on data structures for a business in addition to data visualizations.
Their efforts can improve profits, increase sales, and improve customer satisfaction. Business Intelligence Analysts will develop management reports and dashboards for decision makers in a business. Some of those decision makers will include executives in Finance, Accounting, Sales, Marketing, HR, IT & Technology, plus Operations. Business Intelligence Analysts will perform in-depth analysis to identify key business risks, business and customer trends and opportunities.
Glassdoor, the popular website for company and job information, also has information on salaries. Glassdoor find that the salaries for Business Intelligence Analysts are $99K USD a year in Nashville TN, $100K USD annually in Cincinnati OH, and $96K USD a year in Santa Fe NM.
Salaries are a little lower outside the US, but they are still attractive white collar jobs. It will cost a companies $79K CAD annually in Toronto, Canada and $59K Euros per year in Amsterdam for the average Business Intelligence Analysts. These salaries can help explain why SMBs have not often filled this role.
However, if a company wants full visibility on its business this role can be essential. Business intelligence analyst staff augmentation can be a useful tool for SMBs to bring on an outsourced business intelligence analyst. The cost of these services can be 70% to 50% less than the total cost of local people once you add taxes, benefits and overhead on top of salary.
Why does Outsourcing a Business Intelligence Analyst make sense
Outsourced Business Intelligence Analyst services can make a lot of sense for an SMB. Getting hard to find skills into a business is the biggest reason to outsource. The BI analysts we provide bring a lot of skills for our clients. Many of our BI Analyst have Agile and Scrum skills.
They all have experience in Microsoft Power BI, Tableau, Zoho Analytics, SiSense, Cognos, SAS, and SAP Business Objects. The time it will take to fill these roles can be radically reduced with staff augmentation. We have already mentioned cost savings, that can be significant.
Outsourced Business Intelligence Analyst services can also allow a company to focus on the core business and what the staff they have locally is good at. They can be all in on execution and guided by executives who get additional insight from BI Analysts.
Want to Learn More?
To get started with a Business Intelligence Analyst, all a company needs to do is contact a service provider like Valenta. Our staff are set up in service centers and have local management supporting them in addition to being supervised by our clients. Valenta’s Service Centers are well equipped and well-staffed. Our team has all the required BI certifications. We believe every business should have insights on their business.
In addition to Business Intelligence Analyst staff augmentation, we also provide Application Architects, Big Data Specialists, Cloud Engineers, RPA Developers, Conversational AI Developers, Cyber Security Engineers, and many more. We also provide traditional BPO roles including, accountants, bookkeepers, administrative staff, billing personnel, virtual medical assistants and scribes, web developers, digital marketers, software administrators, paralegals, paraplanners, help desk technicians, to name a few.
Our Managing Partners are located in cities across the US and Canada plus Australia, the EU, and the UK. Our Managing Partners work with other regional consultants, plus offshore consultants, application specialists, developers, and outsourced staff to provide services for our clients. To contact us on this topic or any other, please Reach Out to us!