Microsoft Excel - Tool for small business management and Complex statistical analysis
Use Cases and Deployment Scope
in our org, we use Microsoft Excel to register day-to-day data. We do not have a official data warehouse or something, and we use Microsoft Excel to store any additional data external from our systems. We also use it to make diverse caculations, specifically to run some financial simulations and to programatically manipulate data using built-in power query
Pros
- Automations
- Built-in Power Query
- Advanced math calculations
- Wide range of formulas
Cons
- Memory Usage
- Multiple Spreadsheet Conections
- Binding Data to Charts
- Chart customization
Likelihood to Recommend
Well, Microsoft Excel is perfect for small business scenarios. for example, They can easily create a spreadsheet to log daily sales, use formulas to calculate monthly totals, and generate simple charts to visualize sales trends. This allows them to quickly identify top-selling products and areas where they can cut costs. Financial modeling for ad-hoc is also a thing, although I don't usually use it this way now, when the small business grows, it can be tricky to manage large volumes of data. Starting on a few thousand rows, Microsoft Excel starts to get slower, until it reaches a point where you can't even use it. Then you'll want to migrate your data over to a Database or a data warehouse