Power Crunch for Business with Excel

Microsoft Excel is a powerful tool for any organization and to work in any corporate across different cross functional roles Microsoft Excel is a requirement. Excel is a data aggregator and helps in better utilization of scattered data. All lines of business require understanding the growing extent of social, market and company data. This helps in determining business decisions in a competitive manner. Analytics is need of the hour. IT departments are not apt enough to handle the voluminous data for companies on an exponential growth in today’s environment. This in turn is leading to requirement of direct access of data and in-depth reporting.

Business Intelligence Tools for all types and sizes of organizations have entered the market to steer this trend to their advantage. However either they are new technologies which need extensive training for employees or have flawed installation issues. However, Excel known by all can be understood easily even through online classes. Excel has the business analytics tool to ensure data driven decisions and reports.

Excel comes as package bundled with self-service analytics features that can help one relate/associate, analyze, shape and model company data in effective ways. Excel has always been more than a calculation device. With the immense size of data you can process in excel you need not wait for bulky IT models and can analyze data at click of a finger.

Data Drive for Work

This powerful component of Excel namely Power Query helps aggregate all data and with its aid analyses can start in seconds. You can use search options inside Excel to scout data around you. Data could be in form of public data, on premises data, streamed data, cloud set data or even Hadoop datasets. You can freely model data and merge it as well as analyze it with the assistance of Excel

Data Models- Power Pivot

Once you have got hands onto your data you can use tools like Power Pivot of excel to fabricate data models and fit in your data sets into it. Who needs an IT department to create these models when you can do it on your own desktop with Excel and spare the IT team time for more meaningful tasks? You can use tools within Excel like the visual canvas to comprehend to chalk out relationships between data tables and create the data models seamlessly

Power Based Analysis

Who does not use customization for data analysis? Well we know everyone does and maybe even you do! Enhancing business data can be done with the Power Pivot tool of Excel and using it you can even create custom calculated fields and utilize KPI’s to determine your business objectives. Since Excel facilitates analysis of hundreds of million rows of data you can even utilize resources like Pivot charts and Pivot tables with more power.

Geospatial Data Mapping

Sounds confusing? Yes! Excel is such a boon which gives you the power to co-create geospatial data mapping with tools like the Power Map. You can take about data with any location to plot across the three dimensional maps. You can create visual effects and with this interactive story telling you can gain deeper insights into your data and see your own data in new light.

Excel is the soul of any industry and can be the game changer for even an individual for day to day tasks.