How to Transform Data into Intelligence that Promotes Growth

How to Transform Data into Intelligence that Promotes Growth

knowledge intelligence

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Most businesses have the ability to capture data from customer transactions and day-to-day operations, and through research. However, the significant problem after accumulating data is how to turn the data into intelligence that can improve the bottom line. A major issue that businesses battle with when analyzing data is TIME. With so many other crucial activities it becomes difficult to allocate time to analyzing complicated data. This situation is even worse when a business has to battle with limited resources, including staff constraints.  Then, too, there are cases when different departments must consolidate data into one critical report—an extremely cumbersome process.

The solution to streamlining the data-analyzing processes involves business intelligence software, which makes it possible to analyze and share information very quickly and collaboratively. According to The KLAS report, Business Intelligence Perception 2012: A Wave is Coming, many industries are starting to realize the importance of investing in business intelligence software in order to stay competitive.

What prevents firms from going forward with business intelligence initiative? One major concern for business users is not having the technical know-how to implement/deploy this kind of software.  This is by far what makes PowerOLAP the most efficient solution of its kind. With PowerOLAP users maintain the same front end software—Excel and their Internet browser—and take advantage of a dynamic, multidimensional (and even bi-directional, “what if”) access to data.

Empowered with this access, PowerOLAP returns spreadsheet users to their roles as efficient, productive analysts, replacing wasteful keystrokes and number-crunching with the automatic population of data and the instantaneous calculation, consolidation and distribution of data as it is entered. And so users are able to transform data—rather than simply manage data—into the kind of business intelligence that promotes business growth.

Currently using PowerOLAP and making an impact on your bottom line? Share your experience below.

This blog post was originally posted on the PARIS Technologies Business Intelligence Blog. View original post:  How To Transform Data Into Intelligence that promotes Growth.

Map Your Financial Health With an Excel DuPont Dashboard

Map Your Financial Health With an Excel DuPont Dashboard

Your Return On Equity ratio is a key indicator of financial health. This report lets you show the components of that ratio in a unique Excel display.

Charley Kyd is a Microsoft Excel MVP by Charley Kyd, MBA
Microsoft Excel MVP

Management reporting is all about communication. Reporting Return On Equity (ROE) is a case in point.

DuPont Dashboard in Excel

 

The ROE financial ratio is a key measure of financial health. But to non-financial managers, the ROE can be difficult to understand, for two reasons.

One reason is that people wonder what all the fuss is about. Bean counters create ratios faster than grandmothers bake cookies. So, what’s the big deal about one more ratio?

Slightly over-simplified, your ROE compares directly with your growth rate in sales. If you grow faster than your ROE, you weaken your financial structure; if you grow more slowly than your ROE, you strengthen your financial structure.

Years ago, I wrote two columns for Inc Magazine about the ROE. The columns provide more background about this important measure. You can read them at: Weighing Your Debt Load and How Fast Is Too Fast?

The other reason that using ROE can be difficult is that it’s a top-level ratio that’s affected by virtually every other measure of financial performance. That’s the benefit offered by the Excel report shown above.

Read Full Article: Map Your Financial Health With an Excel DuPont Dashboard

Source: ExcelUser

Create Variable-Length, Dynamic Reports Linked to Excel Tables

Create Variable-Length, Dynamic Reports Linked to Excel Tables

When you change a criteria value in a cell, Excel can use formulas and conditional formatting to expand or contract your report automatically, without macros. Here’s how.

Charley Kyd is a Microsoft Excel MVP by Charley Kyd, MBA
Microsoft Excel MVP

Excel Tables are a powerful feature introduced in Excel 2007. Not only can you report from them directly, you can use them as a source of data for dynamic reports, including variable-length accordion reports.

The first task is quick and easy; the second is a lot more interesting. Let’s look at both.

Report Directly from Excel Tables

Suppose you have a table like this and you want to generate a call-assignments report for each sales person.

The easiest approach is to report directly from the Table. For example, If you wanted to report on Alyson, you could click on the Sales Person filter and choose Alyson from the list, giving you this result:

You could print her report, and then do the same for Peter.

Read Full Article: Create Variable-Length, Dynamic Reports Linked to Excel Tables

Source: ExcelUser

What’s a ‘Deprecated’ Function in Excel?

What’s a ‘Deprecated’ Function in Excel?

Excel Deprecated

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Microsoft tells us that many worksheet functions are ‘deprecated.’ So what does that mean, exactly? Wikipedia tells us that deprecation is a status applied to a computer software feature, characteristic, or practice indicating it should be avoided, typically because of being superseded. Each new generation of Excel seems to deprecate additional worksheet functions. For example, Microsoft’s help topic for the FTEST function tells us:

IMPORTANT: 

This function has been replaced with one or more new functions that may provide improved accuracy and whose names better reflect their usage. Although this function is still available for backward compatibility, you should consider using the new functions from now on, because this function may not be available in future versions of Excel. In Excel 2010 and above, as you type a function name, Excel lists the functions that match and provides a short description.

Read Full Article: What’s a Deprecated Function in Excel
Source: ExcelUser

Introducing Excel’s Three Types of Spreadsheet Databases

Introducing Excel’s Three Types of Spreadsheet Databases

Excel offers at least three ways to set up data so your reports and analyses can use it easily as a reliable data source.

Charley Kyd is a Microsoft Excel MVP by Charley Kyd, MBA
Microsoft Excel MVP

Excel offers three general ways to arrange data in your spreadsheet so you can use it as a database with your worksheet formulas:

  1. Simple (or “Gray Cell”) Tables, which I’ve used since Excel 2.0.
  2. Excel Tables, introduced in Excel 2007.
  3. PivotTables with a Tabular Report Layout, introduced in Excel 2010.

Database experts likely would be offended by my calling any of these a “database.” After all, these three spreadsheet databases are easy to set up and use…not at all like a “real” database. Even so, these databases work like a real database for your Excel formulas. If your reports and analyses can get their data from one of these types of spreadsheet databases, you can improve your reporting and analyses significantly.

In this article, I’ll introduce each type of spreadsheet database. Then in future posts, I’ll go into greater detail.

Read Full Article: Introducing Excel’s Three Types of Spreadsheet Databases

Source: ExcelUser

Five Really Useful Excel Keyboard Shortcuts

Five Really Useful Excel Keyboard Shortcuts

Excel Shortcuts

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These keyboard shortcuts will help you to things in Excel that are difficult or time-consuming to do any other way.

Charley Kyd is a Microsoft Excel MVP by Charley Kyd, MBA
Microsoft Excel MVP

Several years ago, I created my Complete Excel Shortcuts Workbook. It contains more that 250 keyboard shortcuts we can use when the workbook is active.

I created the workbook as a reference, because I didn’t know of any other source that had them all. I’m fairly certain that this workbook is complete, because thousands of people have downloaded it and I’ve added the few additional shortcuts that Excel users have sent my way.

Most Excel users use some of the shortcuts frequently, like Ctrl+c and Ctrl+v.  But here are five shortcuts that aren’t as well-known, and that I use almost daily. I think you’ll find them worth remembering:

Excel Shortcut to Get Help for a Worksheet Function

Suppose you need to read the help topic for a worksheet function, say the MATCH function. When you type…

=match(

…in your formula bar, you’ll see something like this:

Excel shortcut to get help for a worksheet function.

Press Ctrl+a or click the icon where the red arrow points to launch the Function Arguments dialog for the function. This dialog gives you a form that you can fill in for each argument. The dialog also provides short help for the function and for each argument.

Read Full Article: Five Really Useful Excel Keyboard Shortcuts

Source: ExcelUser