By . Tracking Spreadsheet. At Saturday, May 01st 2021, 22:22:55 PM.
Microsoft Excel and other spreadsheet programs have become indispensable business tools. Not only are spreadsheets useful for keeping track of data and making calculations, they contain a number of business intelligence features and data visualizations. However, as vital as spreadsheets have become, they are relatively complicated to understand and use. While you can connect to external sources, the more data and sources you have, the more cumbersome spreadsheets become. Plus, theres a new kid on the block: business intelligence platforms. What is a business intelligence platform? Though business intelligence isnt necessarily new, the technologies used to deliver it to business professionals are relative newcomers. The term business intelligence, or BI as its commonly called today, dates back to the late 1950s when IBMs Hans Peter Luhn first used the term to describe the ability to understand the interrelationships of data "in such a way as to guide action towards a desired goal." A BI platform is a set of integrated tools that work together to deliver information for analysis.
A popular category of ready-made spreadsheets mentioned earlier, is Spreadsheets for Actors. Spreadsheets for Actors includes sets of programmed spreadsheets that are especially designed for professionals in the entertainment industry, from Actors to Producers. The spreadsheets under Spreadsheets for Actors range from facilitating the managing of budgets to keeping track of income emerging from many sources. Apart from these very popular categories, business owners can find various other types of spreadsheets solutions by collaborating with a prominent, reliable spreadsheet-solution-providing company and opt for the Personalized Spreadsheet; solutions that are especially designed to meet your imposed criteria, created from scratch, tailor-made and adapted to your particular needs.
However, as weird as that may sound, it is one of the ways that a spreadsheet can help speed things up in the office. Especially if the employee has been working on spreadsheets for a long time that making fast calculations using the cells has become second nature to him. But there are other good uses for this application. You can track revenues and expenses. That is why spreadsheets are often used by accounting professionals. Even if you are the owner of a small business, you can greatly benefit out of using a spreadsheet. Just imagine logging all of your financial data on a ledger and making the calculations and comparisons manually or even with the use of a calculator. It would probably take you hours to finish everything wherein with a spreadsheet software you can do it in just a few minutes.