We’re all familiar with the term Artificial Intelligence (AI), but have you heard of Business Intelligence (BI)? Business intelligence comprises the strategies and technologies used by enterprises for the data analysis of business information, providing a historical, current and predictive view of business operations. Essentially, it is a set of tools that help people to collect data, translate it into something meaningful, and use it to make better decisions.
Back in 2019, Microsoft announced that Excel and Office 365 would now offer BI capabilities, allowing customers to gather data, visualize it, and share information within an organisation across multiple devices. This is particularly useful in the age of big data. While many challenged Excel’s capability to manipulate the amount and types of data that businesses deal with today, time and time again Excel has proven that it is the go to tool for hands on effective BI. In fact, BI communities often joke that the most used feature in any Business Intelligence solutions is the ‘export to Excel’ button!
It doesn’t matter how many advanced systems a company uses, it is likely that the majority of its data is exported to Excel before any real decisions are made. And with an increasingly diverse toolset being added to Excel, such as ‘power query’ to source and clean data from dirty sources, ‘power view’ to create dynamic dashboards from Business Intelligence models, and ‘power map’ to visualise the information in 3-D, it’s clear that Microsoft is investing in ensuring that Excel remains the Business Intelligence tool of choice.
Microsoft Excel is one of those applications that the business world simply cannot live without. Although we’ve mentioned its ability to handle extremely complex data, it remains an application where you don’t really need to be 100% tech-savvy to use it, but can feel as though you are at the same time.
Seeing as Excel is expected to remain so prominent in the workplace, developing your Excel skills to add to your CV could improve your employment prospects, and doing it through our online courses allows you to do so without having to spend large sums of money on additional university courses. Contact us today and allow us to empower you to feel confident when managing data.