Getting Through the BI Career Crisis
Bangalore:With all the talk about Business Intelligence, one would naturally assume that it tops the list of well paying jobs. The data provided by the Computerworld's annual Salary Survey for IT pros indicates that Business Intelligence analysts lag behind most other IT professionals in terms of pay. The 2012 report states that BI analysts are 15th on a list of 27 job titles. (Database architects were #1 with highest average wages.) More disheartening was the fact that BI analysts managed a tiny 0.9% salary increase from 2011, the 24th lowest pay raise by percentage among every job title.
These are rather puzzling figures when you think about Gartner's research which claims that CIOs have business intelligence projects on the top of their agendas for 2012. Furthermore, last year Forrester’s research indicated an explosion of interest in BI and an increasing rate of executive buy-in for BI projects.
However, when you take a look at a survey done by Cindi Howson, founder of BI Scorecard, those numbers might make a bit more sense. Her research indicated that only 26% of executives she polled called their BI projects "very successful," 5% called the projects total failures and 22% indicating "slight" success and the rest said the BI work was only moderately successful. Without thriving projects, BI staff is unlikely to reap financial rewards. It's not easy to learn the latest technologies without being a part of a project. And it's very difficult to get working on a project if you don't already have the necessary experience.
Howson says companies that have strong IT and line-of-business (LOB) partnerships, have better rates of success. CIOs could create hybrid BI staff members who possess both technical and business acumen to take charge of the IT/LOB relationship. This could result in increased project success rates, which could lead to improved pay for BI analysts.
There’s also evidence that big data could boost careers for BI professionals. In a different report, Computerworld said big data projects are coming up in many companies, giving new career opportunities for BI experts. As the projects grow, the need for dynamic BI professionals will also grow. And with the right tools now available to handle big data, the success rates will multiply and so will the staff wages.
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