πŸ” Excel vs. BI Tools: Why It’s Time to Evolve Your Data Strategy

.libutton {
display: flex;
flex-direction: column;
justify-content: center;
padding: 7px;
text-align: center;
outline: none;
text-decoration: none !important;
color: #ffffff !important;
width: 200px;
height: 32px;
border-radius: 16px;
background-color: #0A66C2;
font-family: “SF Pro Text”, Helvetica, sans-serif;
}

Subscribe on LinkedIn

Articles
Ricky Romanek, Senior Consultant

In the world of data analysis, Excel has been a longstanding favorite.

It’s accessible, familiar, and versatile.

But as our data needs grow more complex, is Excel still the best tool for the job?

πŸ“Š The Limitations of Excel:
-Scalability: Excel needs help with large datasets. As businesses grow, the volume of data often becomes too cumbersome for Excel to handle.
-Real-time Data: In today’s fast-paced environment, having access to real-time data is crucial. Excel requires manual updates, leading to delays in decision-making.
-Collaboration Issues: Sharing Excel files, especially among large teams, can be a recipe for confusion and data inconsistencies.

πŸš€ Enter Business Intelligence Tools:
-Handling Big Data: BI tools are designed to effortlessly handle large datasets, making them ideal for growing businesses.
-Real-time Insights: They offer real-time data analysis, ensuring that your decisions are based on the latest information.
-Enhanced Collaboration: With cloud-based platforms, BI tools enhance team collaboration and ensure everyone is on the same page.
-Advanced Analytics: BI tools provide advanced analytics capabilities like predictive analysis, which Excel can’t match.
-Customized Dashboards: They allow for the creation of customized dashboards, making it easier to focus on the metrics that matter most.

πŸ‘¨β€πŸ’ΌπŸ‘©β€πŸ’Ό Why Companies Should Make the Shift:
Investing in a BI tool is investing in your company’s future. The insights gained from these tools can drive smarter, data-driven decisions, ultimately impacting your bottom line.

πŸ”„ The Transition:
The transition from Excel to a BI tool doesn’t have to be abrupt. You can start by identifying key areas where BI can make the most impact and gradually integrate it into your workflow.

πŸ”— See How We Have Helped Clients: https://pomerolpartners.com/insights/casestudy/

πŸ’¬ What’s your experience?

Have you made the shift from Excel to BI tools?

Pomerol Partners creates and delivers meaningful, business-focused data solutions. We are not general technologists; we specialize in data and data-driven projects. Our team of consultants and data engineers have a depth of experience across the full analytics supply chain – from initial data extract, through transformation and modelling, to dashboarding and operational alerting, and, onward to machine learning and predictive analytics. We also integrate data into customer facing portals. We work in a wide range of industries across a wide range of business functions including sales, operations, finance, manufacturing, marketing, and, more. Our clients include the Fortune 100 to 100 employee companies. Our consultants are in the United States, United Kingdom, and Portugal.