Description

An analyst who works in decision support is employed in a variety of fields, usually dealing with issues that are posed by different departments within their company. They analyze different alternatives and produce reports that help departments determine which options should be pursued. The job requires conducting research, collecting data and preparing documents and reports. Analysts who support data may have a specific issue or assigned to multiple areas where they assist in finding solutions.

The decision support analyst utilizes various elements to determine questions like whether solutions are within budget, and if the solution can be implemented using the resources available. Once the evidence supporting the solution is gathered and analyzed, the analyst prepares a report that presents results to the parties involved. Analysts may also be charged with figuring ways in which the solutions could be put into practice.

A minimum of a bachelor's degree is usually required for this job, as well as prior experience in a similar job. In certain companies the position of a decision support analyst might be required to utilize automated systems for analyzing the data and produce reports. Therefore advanced computer skills may be needed. The majority of the data support analyst's work is done independently however, strong communication skills are essential to communicate findings, carry research, and work with colleagues. The majority of the time, this job is full-time and is performed in a workplace however, travel to other locations of operation could be necessary to conduct research.

Roles & Responsibilities

As a Decision Support Analyst in the United States with 6-9 years of experience, your main responsibilities include:

  • Analyzing complex data sets to identify trends, patterns, and insights that support strategic decision-making.Conducting in-depth data analysis to uncover valuable insights for informed decision-making.
  • Developing and implementing data models, algorithms, and forecasting techniques to support business strategies.Utilizing advanced statistical and mathematical models to forecast business outcomes and optimize strategies.
  • Collaborating with cross-functional teams to design and develop decision support systems and tools.Working closely with teams to create and implement data-driven decision support tools and systems.
  • Providing expert recommendations and presenting findings to stakeholders, including executives and senior management.

Qualifications & Work Experience

For a Decision Support Analyst job role, the following qualifications are required:

  • Strong analytical skills to interpret complex data sets, identify trends, and provide actionable insights to support strategic decision-making.
  • Proficiency in data querying and manipulation using SQL or similar tools to extract, clean, and transform data from various sources.
  • Sound knowledge of statistical methods and quantitative techniques to conduct data analysis, forecasting, and modeling to optimize business processes.
  • Excellent communication skills to effectively present findings, recommendations, and visualizations to stakeholders and influence decision-making processes.

Essential Skills For Decision Support Analyst

1

Decision Making Skills

2

Support Management

3

Decision Theory

Skills That Affect Decision Support Analyst Salaries

Different skills can affect your salary. Below are the most popular skills and their effect on salary.

Business Intelligence

8%

Data Analysis

1%

SQL

7%

Career Prospects

The role of a Decision Support Analyst is crucial for providing valuable insights and guidance. For professionals with 6-9 years of experience in the United States, here are following alternative roles to explore:

  • Senior Data Analyst: A position that involves analyzing complex data sets, generating meaningful reports, and making data-driven recommendations to optimize business processes.
  • Business Intelligence Manager: A role focused on overseeing the development and implementation of business intelligence strategies, including data visualization, dashboard creation, and performance tracking.
  • Operations Research Analyst: An analytical role that involves using mathematical modeling and statistical analysis to solve complex business problems and improve operational efficiency.
  • Strategy Consultant: A position that entails working closely with senior management to identify growth opportunities, conduct market research, and develop strategic plans for the organization's success.

How to Learn

The job role of Decision Support Analyst in the United States is projected to experience strong growth in the market. According to a 10-year analysis, employment opportunities for this role are expected to increase significantly. The increasing demand for data-driven decision making in various industries is driving this growth. With advancements in technology and the increasing need to optimize business operations, Decision Support Analysts are becoming vital in providing insights and recommendations. According to Google search data, there is a high level of interest in this role, suggesting a strong demand. Overall, the future looks promising for Decision Support Analysts with ample opportunities for employment.