By . Tracking Spreadsheet. At Thursday, April 29th 2021, 23:38:26 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.
By requesting the services of such specialist spreadsheet-solution-providing companies, business owners can rest assured that their needs will be met with precision, dedication and professionalism. Such companies are empowered by experienced teams of Mathematicians and Microsoft Excel Spreadsheet Designer/Programmers whose goal is to surpass the requirements and desires of their clients. At present, some of the most requested types of spreadsheet packages in the market are: Spreadsheets for Small Businesses and a subset of that: Spreadsheets for Actors. Spreadsheets for Small Businesses are as varied as the number of businesses out there! These solutions can boost the overall efficiency of your company. They account for many of the needs and requirements of small and medium-sized businesses, tracking sales exec commissions, business expenses at tax time and planning budgets to name but a few.
Like a spreadsheet, users can examine data in numerous ways. However, theres no need for complicated formulas and no need to examine row after row of data and figures. Instead, business intelligence platform users simply drag and drop data and view it visually. Data visualization tools display results in numerous ways such as traditional charts and graphs as well as highly visual gauges, maps, meters, and more. Data can be drilled down in an instant, allowing users to hone into relevant data based on their interests or job roles. BI tools and dashboards can be set to monitor key performance indicators for real-time insights. In addition, ad hoc reporting makes it easy for users to create custom reports detailing whatever data they need to analyze on the fly. If youve ever tried to create custom ad hoc reports with Excel, you know how cumbersome and time-consuming it is - and thats after youve imported the latest data into the spreadsheet.