Microsoft Excel is the name of the Microsoft Office suite spreadsheet program. It was initially introduced in 1985, then as "Microsoft Multiplan" initially exclusively for the Apple Macintosh. In October 1987, the introductory variation for IBM-compatible PC appeared with Excel 2.0. The current version for Microsoft Excel comes from the current year 2019 - Windows, macOS, Windows Phone, Apple's operating system, Android (in the latter three as part of the Office Mobile suite) and since January 2015 as an isolated application for tablet PCs as preview version.
BENEFITS OF MICROSOFT EXCEL
For the time being Excel, the tool for true purely graphically oriented spreadsheets, has developed into an internationally known and versatile analysis tool. It has pragmatic prefabricated number formats such as date, time or currency, but nonetheless equally comprehensive estimates with more complicated formulas are conceivable. For a long time, the conceivable characteristics have gone beyond the pragmatic formatting or ordering of numbers, moreover, the concept can be used as a complex database. Meanwhile, Microsoft Excel has become one of the most powerful front-ends for business intelligence.
This is due to the series of benefits that Microsoft Excel offers its users:
- Excel is a very sophisticated software offered:
- The Excel format is supported by almost any operating system, whether Windows or Mac OS
The basic functions of Microsoft Excel are smooth and easy to learn. Working with the software is conceivable after a short introduction
- With Microsoft Excel, spreadsheets or files can be linked quickly
RISKS OF MICROSOFT EXCEL
However, the use of calculation programs such as Excel poses some dangers if the company version is not adequately tested or tested. For example, dramatic misses from workbooks can be passed on to alternative reporting.
Excel can become extremely complex over time and with a constant increase in the number of links. Here the application eventually reaches its limits. Often it makes more sense to dodge a database-based solution. However, to avoid too many changes, Excel could still be used as a frontend.
VBA AND XML OPEN THE DOORS IN EXCEL
Excel is a versatile tool. Understandably, one can design and manage simple columns of numbers as well as the generation of strongly associated databases is conceivable. Even with basic knowledge, enhanced by some pragmatic finesse and tricks, which one can acquire quickly, in Excel the administration as well as analysis of large amounts of data with minimal expenditure of time is possible. If one also masters the Microsoft programming language "Visual Basic for Applications" (VBA) or the Excel's own XML language, Excel offers an almost infinite number of perspectives. Business Intelligence Competence Centers (BICC), despite some drawbacks such as limited flexibility or lack of formatting capabilities, use Excel as a kind of "self-service BI" wonder weapon, which is often of great importance to ongoing projects.
BUSINESS INTELLIGENCE - FUNCTIONS IN MICROSOFT EXCEL
Business intelligence (BI) is essentially the category of tools and processes that people use to collect data, transform it into meaningful information, and then make better decisions. With Office 365 Enterprise, the BI capabilities in Excel and SharePoint are available online. These sophisticated services (Power Query, Power View, and Power Pivot) enable you to collect, visualize, and share information with employees or entire departments in your organization.
- Using Power Query, you can identify and combine information from multiple sources, and model that knowledge to meet your needs.
- Create interactive maps using Power View, or use Power Map to analyze and map the information on a three-dimensional (3D) globe.
- Using Power Pivot, you can create relationships between tables.
With the Power-BI tools you get even more BI functions than in Excel and SharePoint Online. Power BI offers a robust self-service BI solution in the cloud.
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