May
27
Microsoft Excel is an indispensable business tool. It is mainly used to professionals and businesses who handle data. This software becomes particularly useful when it is used to ensure a company gets the best out of its existing resources. Online shopping platforms such as Amazon and eBay, for instance, are always extracting enormous volumes of data based on consumer behavior or product searches. They, in turn, use analytical reports to make critical business decisions.
Excel spreadsheets are used in various
levels of the business to analyze key business data. This could be sales data, HR, marketing budgets, or the nature of feedback from customers, among others. As Excel continues to be regarded as an indispensable operational tool in the running of a company, here are some essential benefits offered by Microsoft Excel.
Helps in Identifying Trends
Businesses or professional at decision-making levels need to be able to identify key business trends. Some built-in functions in Microsoft Excel can help you present data in the form of graphs and charts, which make it easy for you to identify critical trends. In some cases, the lines are extrapolated or extended beyond the graph to predict future happenings.
Build Great Charts
Building charts is the first step to unlocking the potential offered by crucial business data. With Excel, you only need to classify different types of business data into specific cell and columns. As a result, the data can be sorted and filtered for display reasons. Visual elements such as pie charts, graphs, and cluster columns are used to create emphasis on key business trends. In some cases, charts can be used as a market tool.
Online Access
Did you know that you could access your documents online? Yes. Excel is part if Office 365, which means that professionals can access your Excel documents from numerous devices. Therefore, you do not have to be at your working desk to work on your Excel files. This feature makes Microsoft Excel a practical alternative as such as remote or mobile working is concerned.
Ideal for Data Gathering
If you need to get data from various sources and you need to store it in a single location, Microsoft Excel should be your friend. Whether you need information from other spreadsheets, for instance, you can always use a unique feature known as Vlookup to get the job done. …