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In Statista. Accessed November 14, MS Excel can connect to web pages, ERP systems and various cloud BI tools, like Salesforce, and will continue to develop the compatibility with most big data analytic companies. This is the biggest success in the past two decades. From time to time, the data that we use becomes larger and larger. Also, the UI user interface is very friendly and easy to use for everyone. Power BI Designer is available, including all mentioned features. That is why it is obvious that MS Excel will maintain the good reputation in Business Intelligence for a long period of time.
I see Excel gaining an ever more important role in this area, which I base mainly on the continuous investments Microsoft makes in their Power BI products. I also see more and more companies offering services in the BI area based on these products. These new add-ons and many functional enhancements make Excel well suited to push its way into the business intelligence sphere. It has rapidly evolved from being a tool for data entry and data cleaning, to being a powerful data analysis and visualization tool.
And to make it all so easy to use for the end user is a must. Obtaining data from any BI for administration and manipulation used to be very difficult.
Starting from Excel , which incorporates the Microsoft Business Intelligence package, it was possible to make certain connections and develop advanced analysis, and this can be done through Power Pivot, Power View and Power Map. In my view, the day when Excel will be able to interact with full capacity with some BI is very close. Excel is extremely versatile and ubiquitous. Over the last decade or so, corporate managers, eager to turn impossible amounts of data into useful information, drove the BI industry to innovate new ways of synthesizing data into meaningful insights.
During this period, organizations spent time and resources to implement big enterprise reporting systems to help keep up with the hunger for data analytics and dashboards. At the same time, business analysts were quietly using Excel to fulfill the hunger of the BI revolution. Whether IT managers were keen to acknowledge it or not, most of the data analysis and reporting done was still being done using Excel.
The truth is, for many organizations, Microsoft Excel has always been a part of their BI portfolio. For several reasons:. Excel is increasingly becoming a player in the world of Big Data BI. This is good news for the millions of data analysts… For them, Excel is familiar, readily available, and now more powerful than ever.
This is good news for the millions of data analysts out there trying to keep up with the demands for reporting and dashboarding on bigger and more complex data sources.
For them, Excel is familiar, readily available, and now more powerful than ever. It remains to be seen where the BI story in Excel will end up. But one thing is certain, the new BI features released with Excel will ultimately have an impact on the way organizations think about BI. There is already a palpable shift from heavy enterprise reporting portals to lighter self-service BI systems that provide individuals with user-friendly BI tools.
The rise of Excel BI will only speed up that transformation. Microsoft is clearly working hard to integrate in your spreadsheet many powerful BI tools Power Pivot, Power Query, etc. However, the complexity of the working structures of these BI tools, make it difficult for any extensive and adequate implementation of this way of working. Finally, I would say that it is not a matter of generating more work tools to solve an old problem by Microsoft, but rather a problem of knowledge and adaptation of users to these tools.
I think the future of BI will be focused on Big Data. Microsoft has recently created tools such as Power Pivot, Power Query or Power Map, which are clearly aimed to analyze huge amounts of data. Excel has a vital role to play in Business Intelligence Workflows. When Excel gets released in due course, these will no longer be Add-Ins, but will be fully incorporated with Excel itself, thereby enhancing Excel in the BI world. The development of these 2 products has proceeded with such speed over these past months, that they are now an integral part of BI.
Not everyone works with millions of rows of data. Accountants and other financial experts often choose Excel because of the versatility of the program and its speed in completing complex functions and calculations, matched with the extensive list of reliable features available to the sophisticated spreadsheet user.
Read more. Tags: Apple Numbers Microsoft Excel. Everyone loves this worksheet. Pretty impressive. You have taken some pretty raw data and given meaning to the colored attributes.
Great job. The group who will be using the Excel form met on Monday. I had a chance to show them the file Thanks so much for your efforts and patience on this project Stacey Amodio, Florida Funders Application, on our common funding application file. Connect with us ».
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