Microsoft Excel has been a pillar of business since the late 1980s, and since then, it’s only grown in its usefulness and relevance to modern business. However, as businesses’ requirements for analysis and reporting grew, along with increases in the volume and sources of data, Excel began to struggle.
In the past few years, we’ve seen an evolution of the tooling into Business Analytics (BI) platforms. These platforms use modern programming languages and data storage techniques to speed up and automate repeated tasks, removing human involvement and reducing overhead on a business.
Despite what evangelists from both sides preach, both Excel and BI tools have their place in modern business. Knowing when to leverage each toolset can save time, effort, and cost –leading ultimately to better, faster, and more accurate decision-making.
In this paper, we look at both sides of the story and highlight when switching to BI tools can improve business outcomes and when it’s best to stick with Excel.
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