The Growing Spreadsheet Chaos
Some figures about spreadsheets
20 February, 2020 by
The Growing Spreadsheet Chaos
Nooxl Systems GmbH, René Wallat

Spreadsheets in business

Having started using a calculator for most of us spreadsheets were the next experience of data manipulation and calculations. Spreadsheets are used because of their simplicity of initial calculations and quick results without the involvment of IT-Support. Spreadsheets are ...

  • a powerful, intuitive, low cost and flexible business modelling tool.

  • freely accessible, independently of the IT department.

  • easily distributable by mail.

  • a common language of business communication.

... indispensable in Business. Over time the capabilities and opportunities of using spreadsheets increase and lead to its usage for more and more complex business models, including critical ones, which are shared by more and more people.

At last at this point a limit is reached, where spreadsheets can threaten productivity and safety in a company. 


Some figures about spreadsheets

800 million

users worlwide use spreadsheets

90%

of all analyses with business critical impact are based on MS Excel

88%

of spreadsheet calculations contain major errors

7 billion $

losses annually from errors in spreadsheets

Ø13 User

working together on one spreadsheet

>100 Emails

daily containing spreadsheets happening in companies

Spreadsheet based financial calculations are an business critical tool in many companies. With an unmanageable number of files, users and increasing complexity, they become a risk and a costly problem.

Source: Delft University of Technology/infotron Enron's Spreadsheets

The Growing Spreadsheet Chaos
Nooxl Systems GmbH, René Wallat
20 February, 2020
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