Executives are not comfortable with analytics platforms, and still prefer their spreadsheets
By Joe McKendrick – For close to two decades, vendors, analysts and pundits alike have been predicting the death of the spreadsheet, as executives, managers and professionals move on to connected, intelligent analytics platforms to aid in their decision-making. It’s 2019, and guess what? Everyone still loves their spreadsheets.
A recent study of 1.048 executives out of Deloitte finds most companies are not mature when it comes to business analytics; and 62 percent still rely on spreadsheets for their insights. While 76 percent of survey respondents report that their analytical maturity has increased over the past year, most are still using traditional tools such as spreadsheets (62 percent) and business intelligence programs (58 percent, combined).
“The traditional workhorses of the data analytics universe-spreadsheets such as Microsoft Excel and business intelligence tools such as Microsoft Power BI or IBM Cognos-are the most commonly used tools,” according to the Deloitte team. They add, however, there are some more advanced tools present within their enterprises: 67 percent also use at least one advanced tool such as SAS, an open source tool such as R, a programming language such as Python, or an AI tool. Read On:
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