What is Excel? And What are the uses of Excel?

What is Excel?

It is a software program included in the MS-Office Suite. It is used to create spreadsheets, that are documents in which data is laid out in rows and tables like a big table.

Because of its extreme versatility and power, it has become one of the most used software in the business world for creating and managing data, be it of small amount or large in size. It was officially launched for public use in 1985. Excel has been one of the contributing reasons, that drove personal computing revolution in 1980’s and 1990’s all across the world.

What is a spreadsheet?

It is a specialised way of data organisation into rows and columns, with an aim to make it simpler to read and change, as and when required by the user.

What are the uses of Excel?

Excel has to offer something to everyone. Spreadsheets that are extraordinary and powerful tools, are frequently used in the corporates i.e. commercially for data storage and manipulation. Below are some examples that will tell you about various simple and complex ways the companies use Excel to solve their daily problems. Excel has an inbuilt capability to be infinitely flexible, giving it the endless possibilities to be explored for more uses both for personal and commercial applications, in the coming future :

• Keeping a track of monthly sales customer vise.
• Monitoring payments from customer(s) to ensure their timely arrival or credit.
• Keeping a track of employee expenses and attendance, crucial for HR and management to make decisions like Promotion or Salary Deduction.
• Creating Graphs or Charts that explain Company performance over a specific period of time.
• Creating an estimate of future sales like Next Year Sales Projection based on the historical data.
• Calculate Office Mortgage Monthly payments and
• Assign projects and tasks to employees depending on their performance data retrieved from Excel

There are a whole lot of uses for Excel. Artificial Intelligence can be applied to Excel to predict spending behaviour of customers based on their average monthly spendings.

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