I love you Excel, but I have to Kill you

http://actioncooling.com/?kiko=bin%C3%A4re-optionen-handeln-ohne-mindesteinzahlung&771=74 binäre optionen handeln ohne mindesteinzahlung The headline of this post is pretty explicit but it can be explained. So bear with me as I establish my point!

köpa Sildenafil Citrate bali لماذا تتداول ؚالخيارات الثنا؊ية For decades opcje binarne jak wygrywać Microsoft Excel priligy thailand has been used as a reference for all manner of calculations and data in tabular format. From preparing complex analyses to grocery lists, macros, pivot tables and charts, chances are, you’d use Excel to get the job done.

binäre optionen auszahlung But the time has come to kill off Excel, move on and forget about it as an analysis tool and probably as a data storage tool also. This is because the next generation of analysts have firmly established their presence and simply put, they do not use Excel. Instead, they use cloud databases, visualisation tools, python, R, and others. Why? Because Excel just isn’t able to keep up with the vast amounts of data that we work with nowadays.

binäre optionen strategie mit aglgoryhtmus formel However, getting rid of Excel is not an easy task, mainly because it is a terrific tool that has two incredible strengths:

nonprescription fincar 1- It is easy to learn and use

siti trade binario 2- It is powerful, yes it is!

So let’s weigh the pros and the cons of Excel to understand why we ultimately need to kill it off and move on:

binary options legal united states The good: Why I still love Excel

As I mentioned before, Excel is easy to use and learn. It takes only a few minutes to start using Excel by dabbling in simple calculations. Add to that, understanding the concept of a table (consisting of rows and columns) is pretty straight forward. Here a few more pros of using Excel:

  1. It works quite well for small data sets and simple calculations. While the calculation power offered by Excel in the era of Big Data is quite limited, you can still do so many things with pivot tables and one-click charts.
  2. You can perform practically any calculation using Excel formulas: from sums to lookups to macros. I have come across some pretty impressive workbooks in Excel that I would describe as true pieces of art. These include complex programs, quasi- software, run by Excel, visual basic and a few macros.

köpa Viagra för kvinnor The not-so-good: Why we need to kill Excel

Despite Excel’s many benefits, the truth is that it has become somewhat obsolete in certain ways. Its format and calculation power are limited in today’s complex Big Data era. Case in point, the limit of 50,000 rows in older versions of Excel makes it unusable today. The smallest databases/datasets contain millions of rows, and even if you can load them onto Excel, any calculations you run will probably paralyse  your computer and send it into the dreaded blue screen mode (yikes!).

Another shortcoming of Excel is that using it can lead to many errors in your spreadsheet if you’re not extra careful. I read once that 88% of all Excel spreadsheets in the US contain errors, and I believe that statistic! It can be as simple as a wrong look-up, array formula or a simple sum. One mistake in a formula and the rest of the spreadsheet is all wrong.

Excel is also heavily reliant on manual inputs. And as we all know too well, manual input is Data Analysis’ biggest enemy. Still, several companies today practice manual inputting of data. I won’t dwell further on this topic because it requires an entire post to cover. But in summary, avoiding manual inputs improves the accuracy of your data exponentially.

30 seconds binary options strategy But, we need Excel…

This too is a topic of debate, but basically, you probably don’t need Excel and all you are really doing is resisting change. There are many alternatives to Excel out there and even small businesses should move to more advanced toolsets.

http://moragbrand.com/?ljap=la-migliore-app-per-trading-on-line&c6a=d4 la migliore app per trading on line If not Excel, then what? Jag behöver beställa viagra 25 mg utan recept Tableau, Power BI, Qlik, Splunk, Alteryx

sind binäre optionen rentabel Ok, I am convinced. What’s the next step?

1-Onboard the tool(s) that best suits your business

2-Train your people. This sounds pretty obvious, but very often, companies will introduce a new tool and expect their people to learn how to use it on their own or by some miracle. There are no short cuts – you have to train your people!

opcje binarne porady I disagree, we’re keeping Excel

If you’d rather ignore my advice and stick to old habits, you should at least move to cloud-based spreadsheet solutions such as Office 365 or Google apps that give you the ability to live query with other BI tools. Just bear in mind that being stuck in the past will probably impact the evolution and growth of your business.

forex byta kod Summary

IF(Business=”Excel”,”Old School”,”You are getting there”)

Is your business Pro-Excel?

Can’t wait for your comments 🙂

Credits to my editor: Azza El Arabi