Analytics and business intelligence (BI) have become essential for many companies today. These technologies enable organizations to collect, analyze and interpret data to make better business decisions. As an IT recruiter, it is important to understand the requirements and skills for the role of analytics and BI professionals in order to find the best candidates for businesses. In this article, we will take an in-depth look at the topic and take a closer look at the requirements and skills for the role of Analytics and BI experts.
What is Business Intelligence (BI)?
Business Intelligence (BI) refers to technologies, applications and practices for collecting, integrating, analyzing and presenting business data. The main task of BI is to transform data into meaningful information that helps companies optimize their business processes and make better decisions.
BI encompasses a wide range of tools and technologies, including databases, data integration tools, reporting software, dashboard tools, data mining tools, and predictive analytics tools. BI professionals are able to gather data from multiple sources and transform it into visually appealing dashboards and reports that enable executives and other decision makers to make critical business decisions.
What is Analytics?
Analytics is another important area for businesses as it helps to gain deep insights into business performance and behavior. Analytics involves the use of data to identify patterns and trends and make informed decisions. It is a discipline that combines statistics, mathematics and computer science.
Analytics is used in various industries including finance, healthcare, e-commerce, marketing, manufacturing and many others. There are several types of analytics, including descriptive analytics, predictive analytics, and prescriptive analytics.
Descriptive analytics describes what has happened in the past and allows companies to track their performance over time. Predictive Analytics goes a step further and uses historical data to make predictions about future events. Finally, Prescriptive Analytics recommends the best courses of action based on data.
What skills are required for analytics and BI professionals?
Analytics and BI professionals need to have a variety of skills to perform their jobs effectively. Here are some of the most important skills an analytics and BI expert should have:
Data Analysis Skills
An analytics and BI expert must be able to collect, process and analyze large amounts of data from various sources. They must be able to create complex data models, develop databases and analyze the data with the right tools.
Knowledge of statistics and mathematics