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
users worlwide use spreadsheets
of all analyses with business critical impact are based on MS Excel
of spreadsheet calculations contain major errors
7 billion $
losses annually from errors in spreadsheets
working together on one spreadsheet
daily containing spreadsheets happening in companies