What You Should Know About Microsoft Excel

Nerve-wracking. Heart-thumping. Confusing. Eye-brow-raising. These are some common reactions when people hear of Microsoft Excel. But as soon as they learn how invaluable the tool is to almost all aspects of their data collating and organizing, Excel has quickly become a non-disposable tool. It has already been more than three decades since Microsoft introduced a tool that can help enrich people’s lives in so many ways, a tool that actually helped industries to gather data for business uses and improvements – Excel. It contains a grid of cells with numbered rows and alphabetized columns. It’s purpose is to organize data to satisfy the growing demands in financial, statistical, and engineering industries.

Since Excel’s introduction, organizing data has never been easier! Now, different industries rely on spreadsheets for all their data organizing needs. From creating financial dashboards, invoices, checklists to simply preparing budgets and simple to-do things lists, Excel has stepped up to become one of the most useful tool.

Uses of Excel

Excel is not just a template that most industries use. Here are some its commonly known uses:

·         It is used as a tool for data visualization that allows the users to understand the data as it displays charts, histograms, and graphs

·         It is used to solve different mathematical equations.

·         It is used as a stock analyzer.

·         It can poll databases.

·         It is used to analyze results.

·         It is used as reporting tool using Microsoft Word Document or PowerPoint slide show.

On the Edge of Data Visualization

Excel’s ability to organize data is not limited to creating formulas like  =IF’s and =SUM. As we progress in our technology-driven world, we also think of other avenues to organize and analyze the growing data around us. People literally swim with data. As such, Microsoft Excel serves as our life buoy. It connects people with the right data and vice versa. This is something that most organizations are not aware of - its ability to play an integral part in data visualization.

Not many people may that Microsoft Excel is an invaluable tool for mapping business plans, techniques and critical decision-making. When partnered with a credible mapping service, the result is exceptional! Mapping applications use geocoding services to understand geography. Studying the environment of a business, an organization or an industry helps in planning and execution.

The information from Excel spreadsheets can be used to build maps for free. Data layers can be plotted on the map one after the other. As multiple data sets are analyzed, users can clearly see the dynamics of each data set and its relation to other sets. This type of data visualization is considered to be the easiest way to analyze huge chunks of data. This is used by different organizations to promote their business, connect with their customers, prepare business plans, do critical decision-making, mitigate risks, and a lot more.

And that is what you should know about Microsoft Excel!