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Business Analytics & the Excel Spreadsheet

One of the great early business analytics success stories has been the incorporation of Excel spreadsheets. It is a perfect example of how new technology can optimize old tech, and how old tech can bring value and adoption to the new.
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7/3/2012 4 comments
Channel: Enterprise IT
Tags: Analytics
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  Enterprise IT   Analytics
 
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Mary E. Shacklett
Thinkernetter
Tuesday July 3, 2012 3:07:12 PM
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Yes.

A supply chain analytics  provider sold a  BA package to a trucking company, and after three months, all the company had done was to convert its old reports to the BA.  The company didn't know how to use the tool, and there was also a learning curve in digesting the vendor's dashboad, drilldown  and report formats.

What the vendor did was to download data into Excel (which the company used all  of the time). It then visited onsite and "taught" the workforce how to ask questions of the analytics and also exploit the capabilities of Excel when looking at BA data.

Mary E. Shacklett
Thinkernetter
Tuesday July 3, 2012 3:02:44 PM
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Acknowledged, hounhosp.

What I was especially speaking to here is the ability to use Excel with more "normal sized" business  analytics.

 

 

 

hounhosp
Thinkernetter
Tuesday July 3, 2012 1:28:07 PM
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Hi Mary,

Can you share with us one story about how Excel Spread sheet is playing a key role in Business Analytics? A case study for instance will be useful as well.

hounhosp
Thinkernetter
Tuesday July 3, 2012 1:22:07 PM
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Hi Mary,

Three days ago I was arguing with a financial analyst on the limitation of spreadsheets to handle big data for business analytics and he did recognize that spreadsheets use to freeze when the records or the data os too large.  Excel Spreadsheet may be a useful tool for Business Analytics, but It don't think that it is scalable enough to fit the need for big data analytics. 

Mary E. Shacklett
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