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Microsoft Excel is one of the most used software in today’s world. Irrespective of which Department or Sector you work in, you have to spend considerable time on MS Excel. This tool can be used to do simple computation of household budget to do the Financial and Business Modeling of Big Corporates Houses.
Despite of the fact that MS Excel is one of the most used Software, there are a very few users who are power users of this tool. MS Excel is consistently gaining importance with every passing day and corporate world is realizing it too. There is dual benefit to the organization if employees have good knowledge of it. Firstly it brings quality in work and secondly it also saves time. In simple words, better quality in lesser time. Right knowledge of MS Excel can help in saving time from Data Management to Data Analysis.
On conservative basis, Good knowledge of Excel can save 10-15% of that time that is spent while working on MS Excel. Further you can figure out how much time you will save in a year and what is worth of it. Considering the benefit of its good knowledge, it becomes imperative skills set for all the professionals in today’s world. Further to this, MS Excel is very wide and it takes time and lot of practice to become proficient in it. However, help from expert on it and consistent practice make the learning very quick and enjoyable. Continuous efforts in right direction can help to gain command over this tool.
Most of us are under impression that either they possess good knowledge of it or there is nothing significant in this tool. This perception has made this tool as unarguably most underutilized software in the world. Contrary to this perception, Excel is one of those tools that can be used to do almost everything when it comes on analyzing the data of limited size. It has unlimited usage starting from Data Management to Data Analysis.
MS Excel works on the basis of Rows and Columns where Data is stored in Cells. These Cells are used for Data Management to Data Analysis. Microsoft has categorized Function / Formulas under various groups i.e., Financial, Logical, Text, Date & Time, Lookup Reference, Math & Trigonometry, Informational and much more. Under these categories / groups, there are lots of in-built formulas. All these formulas are used independently or along with other formulas.
Apart from Formulas, MS Excel has got other functionalities like Data Filter, Data Validation, What-if Analysis, Data Consolidation, Pivot Table, Charts and Macro.
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