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Not necessarily. There have been a number of disasters in the last few years caused by errors that have been directly attributed to spreadsheet usage. Many fina
by bwanab 12y ago
Not necessarily. There have been a number of disasters in the last few years caused by errors that have been directly attributed to spreadsheet usage. Many financial firms are reining in excel use by their business users. Prototyping a solution is fine, but for production use they are requiring an auditable solution that has proper source code control and can't be tweaked by the end user.
Spreadsheets are great products but for production use they are really two edged swords.
- brudgers 12y agoSure, but that shift is happening under the same logic that leads businesses to run ERP applications on big iron mainframes even here in the 21st century. It's a matter of degree, but human error remains. The subprime clusterfuck wasn't based on using Excel.