Does business intelligence have future?

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Does business intelligence have future?

The business intelligence industry has expanded exponentially in recent years and is expected to continue growing. If you want to make the most of data analysis in an established or newly adopted BI system, your team should be data-driven.

How big is the business intelligence industry?

According to the report, The Global Business Intelligence Market accounted for USD 22.16 Billion in 2020 and is expected to reach USD 42.95 Billion by 2028, growing at a CAGR of around 8.6\% between 2021 and 2028.

What percentage of companies use business intelligence?

Fifty-two percent of software companies and 50 percent of finance companies use BI and analytics to identify new revenue streams which is key to growing the business.

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What are the top skills required for a business intelligence career?

To summarize, here are the top skills you will need in a business intelligence career: 1 Data Analysis 2 Problem-solving 3 Specific industry knowledge 4 Communication skills 5 Advanced vision and attention to detail 6 Business acumen More

What skills should be in the arsenal of a bi analyst?

There are many skills that should be in the arsenal of a BI Analyst. Some of these are given below: 1. Data preparation Data preparation is a very important part of Business Intelligence. To obtain any insights from the data, first, the data needs to be collected, cleaned, and organized in a uniform manner.

What are the most sought-after it skills for 2021?

Specialized certifications such as the Certification in Business Data Analytics (IIBA®- CBDA) and the Certificate in Cybersecurity Analysis (IIBA®- CCA) showcase you have some of the most sought-after skills for 2021. Learn more about IIBA’s Specialized Business Analysis Certifications here .

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What is the job outlook for business intelligence analysts?

According to the US Bureau of Labor Statistics, demand for qualified business intelligence analysts and managers is expected to soar to 14\% by 2026, with the overall need for data professionals to climb to 28\% by 2020. This beats projections for almost all other occupations.