Opinion
Information is getting too difficult for Excel to maintain up
Spreadsheets are bogging us down. For all of the reliance on Excel within the company world, clinging to it’s like making an attempt to run a Formulation 1 race in a broken-down automobile. Positive, it’s acquainted and widespread. And, to be truthful, it does work for a lot of duties starting from easy information extraction in funding banking to pretty complicated insurance coverage pricing fashions.
Nonetheless, on the subject of information with hundreds of entries, usually interrelated tables and complicated clusters, utilizing Excel can get downright harmful on the subject of managing as we speak’s complicated information. Take this: Excel’s row restrict is notorious, resulting in high-profile disasters just like the UK’s COVID-19 information mishap, the place hundreds of check outcomes had been missed on account of Excel’s constraints.
Or take into account the untold hours wasted double-checking handbook entries, solely to finish up with stories that may nonetheless fall sufferer to human error. The reality is that Excel is lifeless weight if you end up coping with information evaluation from a sure degree of complexity onwards.
In an age the place even easy shopper apps deal with complicated information quicker and with extra precision, why are we nonetheless coping with the…