5 Things Excel Will Do for You in Your Life
How are you surviving without using excel? Microsoft excel is the industry leading spreadsheet software program, a powerful data visualization and analysis tool. Data is key in your everyday life. You may think excel is used by accountants only, but you may as well use excel by recording data like the money you have spent buying things for your household or the goods you are buying and selling in your business. Learn how to use excel by registering for the course basics in excel training (frexcel) – free courses – finstock evarsity college. Excel enables you to do several things like;
1.Manipulate data
Data manipulation is the process of extracting information and applying logic to it to generate a completely different set of data (UNext, 2022). Therefore, the data is readable and organized. For example, if you record your daily expenditure on an excel sheet, you can organize your expenditure from the most expensive item to the least expensive item by the end of the monthexcel sheet, by the end of the month you can organize your expenditure from the most expensive item to the least expensive item. Thus, you will be able to take note of the specific item that you spent the most money on in that month.
2.Data analysis
According to Coursera (2023), data analysis is the practice of working with data to gain useful information, which then can be used to make informed decisions. When you analyze data, it helps you to make certain decision. For example, if you are recording the goods that you have been selling on a daily basis, you can tell which good you are selling the most. This will inform the decision of restocking more of that item. You may learn more about managing an online business by enrolling for the course basic in managing an ecommerce website (frmew) – free courses – finstock evarsity college.
3.Visualize data
Once you record data on excel, you can graphically present the information by use of charts, graph or maps. This enables you to showcase several different images. For example, you may show your business data to your investors showing the different patterns and outliers. This will paint a more compelling story that may enable them to fund your business. Learn more about entrepreneurship by registering for the certificate in entrepreneurship (ciet) – school of business – finstock evarsity college.
4.Prepare Reports
Reports are written to present and discuss research findings. A report provides the readers with the research findings and results that can be recorded in an excel sheet and analyzed. This will enable you to make conclusions and recommendations from your research.
5.Discover Data Trends and Insights
According to oxford dictionary (2023), a trend is a general direction in which something is developing or changing. Thus data trend is upward or downward shift in a data set over time. This enables business owners to predict future price movements based on recently observed trend data. This may also enable you to take note of any change in pricing in the items you usually buy for your house, if you have been recording them in an excel sheet. Thus you are able to make an informed decision.
