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Loyalty to Spreadsheets Will Hurt Your Chances of Future Success
Emerging technology- such as AI, machine learning and enterprise tools- have given small and midsize businesses the confidence to compete against their larger rivals on a level playing field. However, before jumping on the bandwagon with these new tools, they need to change how much they rely on spreadsheets for their analytics. Businesses love spreadsheets to calculate, analyze, and present business data to support their position. While the flexibility and speed of this popular tool are highly valued, growing companies eventually arrive at a point where their relationship with spreadsheets doesn’t make sense anymore. Tracking the details of business performance and emerging opportunities with a series of spreadsheets is most likely turning a once-simple task into a headache of complicated consolidation efforts, redundant data, and questionably biased insights.
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