Millions of individuals use Excel to sort and analyze data. Its highly transportable skill set makes it a career stalwart. Whether basic or advanced, Excel features can significantly affect your productivity and perhaps your career advancement.
MS Excel is used for data storage, analysis, and reporting in its most basic version. Spreadsheets are tremendously popular in the corporate world because they are visually appealing and easy to use. Microsoft Excel Course in Hong Kong may be the equivalent of a Swiss army knife for today’s workforce. More and more businesses are using spreadsheets to sort and analyze the ever-expanding data that helps them make informed decisions.
With ever-sleeker, more intelligent analytics systems on the market, many firms still rely on Excel because of its universality and highly transferable skills. MS Excel is most commonly used for business analysis in the workplace.
Excel’s business analysis course teaches you how to analyze data more thoroughly and precisely by teaching you how to use Excel’s primary functions in a hands-on way. Those who are employed in a commercial setting will benefit from this book.
A greater need for data-literate individuals has arisen as more businesses seek to leverage the power of data-driven decision-making. In this hands-on course, you will study the fundamentals of data analysis and become a valuable data detective.
Let’s move on to the topic now with an introduction to excel.
Introduction to Excel
Every business analyst and consultant relies on Excel as their primary tool. Your boss and your customers will understand it, even if it isn’t the most elegant or sophisticated. Excel is still a powerful program with many options and capabilities.
Essentially, the business analysis uses obtained data to assist in making decisions. Businesses naturally collect data in their day-to-day activities, such as sales, internet traffic, supply expenditures, and insurance claims.
Business analysis is the process of translating raw data into information that decision-makers can use. You could, for example, run a weekly profitability report. In that case, management may utilize the fact that the company is usually in the red on Sundays to help them choose (such as closing on Sundays).
Importance of excel in business analysis
Business analysis and planning rely heavily on Excel. The spreadsheet’s data, formulae, and computations can direct your actions and decisions. They can also assist you in finding answers to difficult situations.
Excel is used to make sense of the data gathered in the business world. The historical performance of the business or consumer data is modified to make a confident decision and analyze patterns. Website traffic, product sales, expense tracking, and insurance claims can all be included in the data.
In a nutshell, business analysts are experts in transforming raw data into valuable reports that can be used to make informed decisions. Investing decisions like asset allocation, financing, or budgeting may fall under this category.
A profit and loss statement, for example, could reveal areas where the company is losing money. It is also possible to study and compare various statistical patterns to forecast, plan, and make crucial decisions. Business analysts can easily pull essential data from a database using Excel’s powerful analytical and reporting tools.
How do you ace business analysis with Excel?
Even if you don’t work with spreadsheets daily, learning the most beneficial aspects of Excel might pay off in the long run. If you use it, you will be more productive, organized, efficient, and less frustrated in the process.
Crash Excel courses for beginners and in-depth Excel training are all included in this list. E-learning sites like Simplilearn, edX, Coursera, Udemy, and LinkedIn Learning provide additional courses.
- Microsoft Excel 2013 Foundation certification training (Simplilearn): This Microsoft Excel 2013 Foundation course will introduce you to the fundamentals of Excel 2013 and the customization choices available in the program. Using this Excel beginner’s course, you’ll be able to build and manage workbooks, as well as format cells, tables, and ranges, as well as apply more complex formulae and functions.
- Excel for Everyone: Core Foundations, The University of British Columbia (EdX): Excel for Everyone Professional Certificate by UBCx is a five-month program for students who have little or no prior understanding of Excel. Students learn the basics in this course, from the most basic procedures to more complex methods. The two courses that follow this one concentrate on data analysis and management for students who wish to keep their Excel skills sharp.
- Excel Skills for Business Specialization by Macquarie University (Coursera): This Excel certification is designed to help business people excel in Excel. Throughout the four levels (Essentials, Intermediate I, Intermediate II, and Advanced), you’ll expand on the knowledge you’ve already obtained. To create sophisticated spreadsheets, including professional dashboards, and execute complex calculations, you must take these Excel specialist classes.
- Microsoft Excel – Excel from Beginner to Advanced (Udemy): This course teaches you all you need to know about Excel, from the basics to the most advanced. Course instructor Kyle Pew has over 18 years of classroom and online training experience and is a Microsoft Office Certified Expert and Microsoft Certified Trainer. Step-by-step guidance from his Excel training experience helps you develop a solid foundation as you proceed from intermediate to advanced and beyond.
- Excel for Office 365 (LinkedIn Learning): Enter and organize data; do simple calculations; format the appearance of rows/columns/cells/data; work with numerous spreadsheets; make charts/PivotTables and sort/filter your data using Excel for Office 365
Last but not least, Excel is here to stay:
Excel is here to stay, and businesses will continue to rely on it for everything from IT projects to workplace picnics and everything in between.
Excel proficiency is now required for most office workers. You may better position those with more advanced knowledge of the program for advancement and leadership roles. Despite its capability, Excel is not a stand-alone application. Excel can only be fully utilized by a skilled computer user that knows how to maximize its features.
Excel is a must-have tool in this day and age of big data, where ‘content’ is king. We can’t overlook Excel’s capabilities, no matter how competitive things grow, with the introduction of a range of robust analytical programs.