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The problem is that everyone has and knows how to use excel. And enough people in finance and consulting see excel skills as a mark of status that there's going
by vikramkr 6y ago
The problem is that everyone has and knows how to use excel. And enough people in finance and consulting see excel skills as a mark of status that there's going to be some resistance to change there. A new tool has to be equally universal, easy to use for basic purposes while having advanced capabilities, etc. There are courses that teach supply chain management with solver and the like - having people shift over from the only software they were trained to use is not trivial. It was easier for geneticists to change gene names than change excel behavior in the end for a reason - excel is powerful and everywhere
- ecpottinger 6y agoNot only have I seen spreadsheet used for function they were never intended for like using it as a text notepad. The main problem since spreadsheets are easy to set up, people create them without asking even the most basic safety functions. Testing the range on inputs or outputs is not done enough, but worse using the wrong functions can give a sheet that looks good but is very wrong.
- NoPicklez 6y agoI'll stop you right there when I say that the firm I work at is a global finance and consulting firm and has globally started shifting to using data analytics tools such as Alteryx over Excel. The barrier to entry into Alteryx is nowhere near as difficult as say python or R for finance teams and consultants. It is also seen as a mark of status to master a data analytics tool which improves a particular process either within the company or at a client.