What is Excel? Excel is a spreadsheet application that enables you to store,
manage and analyze data. These data may be company's budget, sales records, transactions
information etc And these data may be stored in the database, CSV or excels files or even
a web service(like restful APIs) created by the developers in your company. The data type or storage format isn't a barrier to Excel. With Excel, you can connect to these data sources, transform the data and create intelligent reports.
Excel is one of the most widely used software application in corporate environments today. It is used for doing both simple calculations and extensive data management with analytics. The use of Excel permeates all units of corporate departments - human resources, marketing & sales, finance etc Excel is ubiquitous.
Three of the common uses of excel are:
Data management: Every business stores and manages records. This could be inventory records, sales
records etc. The state of these records changes due to daily transactions or more supplies intake. Managing these tasks with pen and pepper is almost impossible. Excel interactive updates and charting capabilities make this enjoyable.
Analysis tool: Without data analysis and insight you don't know what is happening within your business; you are flying blind. Questions like which product performed best last month, how many customers did we sign up this year etc will become hard to answer if not completely impossible. Excel's intuitive analytic capability is one of the reasons top executives in many companies can't do without it.
Forecasting: Business managers love to set goals and targets for their team leads. These targets set the tone for the departmental expectations. Setting realistic goals and targets requires data insights. With Excel you easily combine past results and current investments and budgets, to set targets and make a data-driven forecast.
This course takes you from scratch, teaches you everything you need to know to be proficient with Excel.