That was 20 years ago.
The unfortunate truth, however, is that a vast majority of business men and women still rely on the geriatric medium to actually run their business. Let me present the facts as to why it’s time to incarcerate the spreadsheet, and spreadsheet add-on’s that put lipstick on a pig:
Data is sourced from many systems
Joining disparate data sets to get the whole story is the only way to get true insights and provide the organization with actionable insights.
Organizational change is constant
Traditional query tools have worked around the problem for decades by managing hierarchies and cubes which allegedly represent how an organization is managed. The complexity introduced by a simple organizational change, however, results in a backlog of IT work and frustration by the business.
Drilling to details is always necessary.
Pre-aggregation of data in order to reduce the number of rows was a technique developed decades ago to allow for the fact that historically, there were simply too many rows of data to handle. This is the number one reason we create massive spreadsheets and store this detail outside of IT.
Be wary of visualization tools that simply expand/extend the spreadsheet problem and don’t have the capacity to eradicate it. Visualization alone is insufficient.
Many people incorrectly place Qlik in the Visualization part of the above spectrum. Our 3,500 Financial Services customers recognize the value of Qlik is having the option to use our analytics platform at any (or all) of the points on the spectrum.
You can find out more by watching some of our Financial Services specific webinars here.
Until next time, get out of spreadsheet jail!