Importance Of Analytics In Todays Times


Analytics has become important in today's time. Organisations around the world have a huge collection of raw data with them. In recent surveys which have been conducted around the world, it has been concluded that Analytics is one area.

Bangalore (I-Newswire) November 11, 2012 - Analytics has become important in today's time. Organisations around the world have a huge collection of raw data with them. In recent surveys which have been conducted around the world, it has been concluded that Analytics is one area where organisations are going to differentiate themselves from their competitors. Collecting information from raw data with the use of analytics and taking guided decisions based on that information is the way forward for most of the organisations in today's times. For this reason, organisation make use of several tools.

Excel is one of them.Excel is widely used in several organisations. Be it a small startup company or a major MNC all organisations in today's times use Excel. It might look like a basic tool for performing data analysis, but people who know how to make indepth use of Excel can collect immense information with the use of this tool. There are several options in Excel like goal seek scenario, Pivot tables, What if analysis which can be used to create multiple scenarios from a given set of data to aid decision making. Other than these, there are functions which are inbuilt in excel such as financial, statistical and several others which can be used to perform quick analysis in just a matter of minutes. Excel has many chart options such as Pie Chart, Bar Chart etc. These charts can be used for Trend analysis, or looking at Company's market share vis-a-vis its competitors or its performance for a particular product or in a particular region. One can use a line chart to look at the Trend analysis as to how the company has been performing over a period of time. Bar charts can be used to make comparisons. Then there are advanced filters which can be used to filter out only information which meets a particular condition or to extract information meeting specific criteria from raw data. There are financial functions which can help quickly arrive at EMIs or loan Prepayments or calculatingt the Internal Rate of Return on Investments. These financial functions can also be utilised to arrive at the Net Present Value of investments or arriving at the yield. The possibilites are endless.

In view of the above, there are several educational institutes,Training institutes, coaching classes who provide a variety of training courses in Excel. They provide Excel Training both as online trainings or classroom trainings. Executive across the world know that in the absence of knowledge of Excel they could be left behind and are signing up for these courses to upgrade their skills and knowledge.

There are independent tutors too who provide indepth training on excel tools. These Training institutes, tutors, trainers equip students with indepth knowledge of various excel tools and help them harness the true potential of excel which can benefit several organisations by their usage.

You can know more about excel courses on http://www.bookmyeducation.com






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November 11, 2012

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