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People always underestimate how much work it would be to properly compete with Office. They tend to start with the view that 95% of users don't use 95% of the f
by moomin 10y ago
People always underestimate how much work it would be to properly compete with Office. They tend to start with the view that 95% of users don't use 95% of the features. They're right, but have completely missed the point: in an enterprise environment those 5% will completely block adoption. In a bank, the 5% are the traders and the corporate financiers. Here's some Excel features that I would consider essential for those people:
* Named Ranges
* Array Evaluation
* Running a calc on all cores (and don't make me laugh by having your engine in JS)
* Charting (Office's is honestly not that great, it's amazing how many alternatives are even worse)
* UI Automation (doesn't have to be VBA)
* Reuters/Bloomberg prices (this one is hard to achieve on your own, obviously)
And that's less than the minimum of what you'd need for the average bank to even _consider_ overcoming sunk costs, legacy implementations and sheer inertia. And I've only talked about one app in the office suite.
Being cheaper and easier to deploy frankly ain't going to cut it.
- jm__87 10y agoUgh, I've worked at a few banks with a few diff trading desks and it is annoying how much they love Excel. Excel is such a horrible platform for anything other than some simple spreadsheets, but traders always find a way to work it in to some production system at which point it becomes impossible to remove.
- moomin 10y agoGiving traders Visual Studio is actually remarkably effective...