In a world dominated by data, Excel can be your organisation’s most powerful weapon. It’s a tool that enables you to store, analyse, and present your data, and transform it into valuable insights.
Microsoft Excel has long been one of the most widely used spreadsheet tools in the world. First launched in 1987, it’s become the ‘go to’ solution for not just storing data, but also organising it through Excel’s formulas and functions. Previously, Excel was primarily used by accountants and analysts who relied on data to do their jobs. But in today’s data landscape, it’s used by everyone.
Thriving in a data-centric environment
Right now, more and more businesses are finding that they can’t make smart or strategic decisions based on gut instinct or assumptions. They’ve seen that the organisations that are thriving are those that are rooting their actions and innovations in real, authentic data from across their industry.
Today’s businesses are beginning to collect and store more data than ever before. And in a world dominated by data, Excel can be your organisation’s most powerful weapon. It’s a tool that enables you to store, analyse, and present your data, and transform it into valuable insights to help you grow.
Why are businesses turning to Excel to help them thrive in this data-centric landscape? Because Excel makes data management and utilisation easy for end-users. And it does it in three different ways:
- It makes data collection quick and simple. One of Excel’s latest features even allows you to take a photograph of printed data and automatically convert it into an Excel table for you to edit online.
- It supports collaboration. Excel’s collaborative function allows for multiple people to view and work on a spreadsheet together, at the same time, from anywhere, and from any connected device.
- It keeps your critical business data secure. As part of the Microsoft 365 productivity suite, Excel is supported by the same security features and privacy controls as the rest of the 365 digital toolbox.
Making the most of Excel
To optimise your investment, it’s important to ensure you’re using Excel in a way that helps you squeeze the most value from the solution. The truth is that every business will benefit from using Excel in their own individual ways. But there are three core functions you shouldn’t miss out on:
At its most basic level, Excel should be used to store and organise your valuable business data. This ensures your data is being kept in one single, simple, secure, and accessible place at all times.
One of the highlights of Excel is its ability to transform raw data into easy-to-absorb charts, graphs, and tables. This can help you share and present data in a visual way that draws in all stakeholders.
Predictions & forecasting
Excel’s forecasting feature allows you to use your data to generate insights, identify trends, and make predictions for the future. It can shape your entire approach to sales, marketing, and development.
Of course, these are just the basics. There are literally hundreds of Excel functions, and you probably won’t need to use them all. At Reliable Networks, we’re here to help you understand how Excel can work for you – and how you can use these functions in the best way to drive real results.