Opinion
Spreadsheets are bogging us down. For all of the reliance on Excel within the company world, clinging to it’s like attempting to run a System 1 race in a broken-down automobile. Certain, it’s acquainted and widespread. And, to be honest, it does work for a lot of duties starting from easy information extraction in funding banking to pretty advanced insurance coverage pricing fashions.
However, in relation to information with hundreds of entries, usually interrelated tables and sophisticated clusters, utilizing Excel can get downright harmful in relation to managing in the present day’s advanced information. Take this: Excel’s row restrict is notorious, resulting in high-profile disasters just like the UK’s COVID-19 information mishap, the place hundreds of take a look at outcomes had been missed as a result of Excel’s constraints.
Or take into account the untold hours wasted double-checking handbook entries, solely to finish up with experiences that may nonetheless fall sufferer to human error. The reality is that Excel is useless weight if you end up coping with information evaluation from a sure stage of complexity onwards.
In an age the place even easy client apps deal with advanced information quicker and with extra precision, why are we nonetheless coping with the…