Tuesday, April 06, 2010

Excel in the Future

According to Nenshad Bardoliwalla (2009) of Enterprise Irregulars, Excel (Microsoft) will sustain its lead in the end-user business intelligence (BI) market through 2010 and beyond:
Excel will continue to provide the dominant paradigm for end-user BI consumption. For Excel specifically, the number one analytic tool by far with a home on hundreds of millions of personal desktops, Microsoft has invested significantly in ensuring its continued viability as we move past its second decade of existence, and its adoption shows absolutely no sign of abating any time soon. With Excel 2010’s arrival, this includes significantly enhanced charting capabilities, a server-based mode first released in 2007 called Excel Services, being a first-class citizen in SharePoint, and the biggest disruptor, the launch of PowerPivot, an extremely fast, scalable, in-memory analytic engine that can allow Excel analysis on millions of rows of data at sub-second speeds. While many vendors have tried in vain to displace Excel from the desktops of the business user for more than two decades, none will be any closer to succeeding any time soon. Microsoft will continue to make sure of that.
Excel remains my preferred financial modeling and risk analysis platform for all the reasons cited above (although the copy of Excel on my computer has been "souped-up" for professional use). Visit my website linked elsewhere on this page to learn more.

Source: Bardoliwalla, N (2009, December 1), The Top 10 Trends for 2010 in Analytics, Business Intelligence, and Performance Management, EnterpriseIrregulars.com.

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3 comments:

slavisa said...

Excel is the KING.If you want to be innovative and inventive it is a must. You can do whatever on your mind. Just to add that you may customize it by using VBA and that's it, you've got applications as well.

abdullah said...

yeah excel is great but VBA is complex..

Guido Leenders said...

For years I thought: everyone wants a consolidated big ERP system that does everything. The last ten years I have learnt that Excel (and Outlook) are the preferred user interfaces and users don't care about the backend. After a lot of discussions in the wok to go, we have created Invantive Control to allow endusers to no longer care about the backend and allow focusing using the preferred input mechanism Excel. I totally agree!

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