What is a business data analyst?
Business data analyst is an individual who collects and evaluates data for a company or corporation. There are many different types of businesses, and as such there are many different types of data that must be collected and analyzed. Tasks of business data analysts can therefore differ very much from one company to another.
companies will usually collect data on their target market. This means that they will learn things about their customers and potential customers. This information must be collected, organized and used to develop advertising campaigns, determining what products are profitable or otherwise focusing the company's business efforts on their target market. Business data analyst can therefore compile and analyze data from customer surveys, customer sales records, loyalty programs, focus groups and other such sources of information about customers.
It is also common to collect different types of data on the success of the product or the cost of the product. For example comPanies can monitor how much income for them different products. They can see how much it is worth buying a certain type of offer or all their supplies, or how much they cost them to produce a given product.
This data must then be analyzed and inserted into a useful form. For example, a company may need a total image of cost breakdowns to determine where it spends money or where its most profitable lines are. Business data analyst would be responsible for the production of these numbers and for organizing and determining the value and importance of information.
Business data analysts come from a number of different academic facilities. Some have titles in economics, statistics or accounting. Others have titles in computer science or database management. Others have marketing titles or master's degrees in the field of business (MBAS). In general, however, the core should be the one that provides an analyst with the ability to gatherVat, organize, assess and understand the consequences of a large amount of information.
Business data analyst can compile data and prepare messages in different ways. It is common for companies to store material databases using programs such as Microsoft Access or Oracle. If material is stored in these databases, business data analysts need to understand database management principles and will have to be able to run appropriate questions to identify the appropriate data. Analysts can report their findings on charts, graphs or presentation format and can use Microsoft Excel or other programs that allow numerical and statistical representations of data.