For many office workers, Microsoft Excel is simply the go-to spreadsheet application. But since the late 1990s, Microsoft has been adding analytics functionality, and it’s accelerating the process with its monthly updates to Office 365. Excel now has some fairly potent tools for doing much greater data analysis than calculating a few rows.
And a lot of people are using those tools. A study released earlier this year by SourceMedia Research and commissioned by data-prep tool vendor Paxata found that 68% of organizations use Microsoft Excel as their main means of doing data preparation. The study surveyed 290 executives and IT professionals at organizations with $100 million or more in annual revenue — not exactly small businesses.
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(Insider Story)
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