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By . Tracking Spreadsheet. At Tuesday, May 04th 2021, 10:07:02 AM.

For example, Gartner, Inc., the worlds leading IT research and advisory company, describes business intelligence platforms as having three core categories of functionality (integration, information delivery, and analysis) and 13 capabilities (infrastructure, metadata management, development tools, collaboration, reporting, dashboards, ad hoc queries, Microsoft Office integration, search-based, OLAP, interactive visualizations, predictive modeling and data mining, and scorecards. While the technology itself is complex, many modern BI platforms are easy to use and loaded with features. For example, cloud-based BI platforms require only a Web browser, making deploying the platform a simple matter of signing up for an account and logging in. Of course, theres more to it than that. This particular tool provides users with the ability to analyze data from disparate sources and "mash it up." These mashups allow for quick and easy visual analysis and ad hoc reporting tailored to the users specific needs.

Serving for a multitude of purposes and being renowned for their efficiency and reliability, spreadsheet solutions have a major contribution to business management and development. Existing spreadsheet solutions are no longer limited to accountancy processes (monitoring financial data, managing budgets and facilitating a series of data manipulation processes); they can also be successfully used as means of business analysis, organization, as well as forecasting, allowing companies to gradually expand, achieve better exposure and neutralize the competition. In order to ensure that you are provided with high-quality spreadsheet solutions and that they are 100 percent compatible with the profile and size of your business, you need to possess performing, state-of-the-art spreadsheet programs. However, it is important to note that the entire process of designing and creating your own spreadsheet solutions by using spreadsheet-generating programs is time consuming and requires a good level of expertise. Without the help of a specialized team of experienced programmers and mathematicians, the process of obtaining efficient spreadsheet solutions can be very challenging.

In todays economy, competitive landscape, and accountability standards you must have the data. Managers are getting blindsided because they do not know what is coming and what is going on. This is where the right project management software tool shines and spreadsheets fade. A good project management tool will be database-oriented and should allow for different types of ad hoc reporting across multiple projects. This enables the mining of all kinds of data. You simply cannot do this in a spreadsheet at the same level. If you really, really know what you are doing it is possible to tie spreadsheets together and generate some integrated data. But that is not the same thing. You simply cannot, on a whim, mine into the data represented in your multiple spreadsheets. And in todays environment, this is critically important. Gone are the days when not having the right data is acceptable.

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