On 08.07.27, In Microsoft Excel gained unprecedented popularity in the recent years for its simplicity of use and benefits. It greatly helps managers to take a decision faster and efficiently.
When it comes to data analysis, Microsoft Excel has proved itself a very good tool to analyze any type of data with less time and effort. It has got all the functions that can be used for any type of data analysis. Starting from simple arrangement of data to the extent of analyzing data in depth using statistical functions and other complex problems.
There are so many simple tricks available in Excel, which makes it so convenient to be used as a data analysis tool. It helps one to make a decision faster compared to any other software people use for data analysis. The basic organization of the Excel spreadsheet allows one to organize data in different sheets and linking each other when required. This way more and more information can be included in one file that increases the usability of this marvelous software.
This marvelous tool comes with the Microsoft Office package and can be used as a mini database also. It is compatible with the rest of office packages making it possible to copy information from Excel to Word or PowerPoint. Data from SQL Server database can also be brought to Excel for analysis purpose. This makes it convenient for Excel lovers to analyze data from huge databases and prepare presentation for meetings very fast. Excel also supports OLAP Cubes for more deep analysis. You can browse an OLAP cube within Excel itself. This helps managers a lot in making fast decisions where time is a crucial factor in a business.
This is indeed a very informative article. As a matter of fact, as a Statistician, I make use of Excel for data analysis. In addition, the macro programming concept included on this software is highly useful for Engineer like.
Good work!
Excel gives you more power. Excel contains many features which are included as functions related to financial,date & time, statistical etc. Each of the function wizard which contains simple steps helps a person new to these functions to simplify the data analysis.
You can create macros for excel to perform excellent programming activities. Excel,VBA Script can do real wonders.