Unfortunately, not the best-case scenario for companies, but the acute talent gap broadens the career opportunities for individuals seeking to enter the exciting field of Business Intelligence.
With business intelligence analyst roles gaining heightened prominence, the demand is outpacing the supply of talent, and organizations worldwide are facing a severe shortage of skilled BI analysts. Bureau of Labor Statistics predicts that BI analysts' demand will grow by 21 percent between 20. forecasts that the business intelligence market will reach $22.8 billion by the end of 2020, the U.S. In recent years, Business Intelligence is witnessing the widespread adoption in diverse sectors for its capability to facilitate intelligent decision-making, which accelerates process enhancements, improves productivity, and boosts the end-user experience.īecause of BI’s increased popularity, the demand for business intelligence professionals is also on the rise, as demonstrated in studies by the global research and advisory firm Gartner, Inc., and the U.S. The emerging need to leverage data for accomplishing organizational goals is bringing Business Intelligence (BI) in the spotlight.īI includes the operation and management of data processing tools and systems, such as data visualization tools, data modeling tools, decision-support systems, database management systems, and data warehousing systems. However, having a vast amount of data is useless if businesses cannot analyze it to extract actionable insights that enable data-driven, informed decision-making. Many industry analysts see data as the 'new oil' that drives organizational efficiency in today's information age, optimizes performance, profitability, and experiences. The proliferation of IoT-connected devices, IoT-based sensors, ever-increasing internet users, and a sharp rise in social media engagements are all boosting opportunities for businesses to capture massive amounts of data.
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