What can you do with a M.Sc. Business Intelligence and Analytics programme?

business intelligence

Accurate data-backed business decisions are responsible for driving growth in today’s business organisations. Modern businesses generate huge amounts of data which can be potentially useful. Business intelligence (BI) analysts process this data to deliver actionable insights which can help the company improve its financial and operational efficiency.

Today, the business intelligence and data analytics industry is one of fastest emerging sectors in the world. As per a recent report by Statistica.com, the net worth of this global industry can be expected to reach $ 16.5 billion by 2023. The boom in this industry makes it an ideal sector for people to pursue a successful career.

Pursuing a business intelligence course can be a great alternative for kick-starting your career in this domain. This blog illustrates the career scope of a BI degree and the different career options available in the domain.

What is the career scope of a degree in business intelligence and analytics?

With more and more organisations understanding the impact of data-backed decisions, the demand for qualified business and data analysts is on an upward trend globally. According to a recent report published by PwC, there would be more than 2 million new jobs throughout the world in the business intelligence domain by the end of 2020.

There are many exhilarating career options available for business intelligence or data analytics graduates. Here is a small snapshot of some interesting roles that can catch your eye.

IT Business Analyst:

An IT business analyst is responsible for focusing on the improvement of operational efficiency for IT companies. They analyse the IT hardware, software or services being offered by the company and identify areas for correction or improvement. They can also be consulted by non-IT companies to help them optimise their IT needs.

Business Intelligence Manager:

Intelligence managers are often in charge of moderate to large teams of analysts. They oversee different BI functions like data extraction, risk analysis, quality control and assessments to determine the profitability of different company operations. They are in charge of deciding the optimisation strategies developed from the insights generated from the data.

Business Intelligence Architects:

The role of an intelligence architect is more on the technical side rather than on the business side. BI architects manage a group of BI data scientists and engineers who are engaged in breaking down the data to generate business insights. BI architects provide consultations to the upper management on how to streamline company operations based on the gathered insights.

Healthcare Management Analysts:

Healthcare business analysts have a comprehensive background in different aspects of healthcare administration and management systems. This background helps them deliver better insights after compiling and analysing the operational data coming from healthcare set-ups like hospitals or nursing homes. They are also responsible for analysing the latest trends in the healthcare industry to ensure that the business insights are up-to-date with the current scenario.

Apart from the corporate landscape, business intelligence graduates can also explore other attractive career roles in domains like engineering, healthcare, banking, insurance and product development. Pursue master’s in business intelligence and analytics programme today for a successful BI career.