Has Your Business Outgrown Spreadsheets
Eventually there comes a point when the amount of data spread across various spreadsheets becomes impractical and the need for a more sophisticated solution becomes inevitable.
Spreadsheets - Is it time to move on?
We have all been there, in a fog of pivot tables, pie charts and the dreaded ‘hourglass of doom’ as formulas are calculated and data is churned. Why are we all so reliant on spreadsheets as our everyday data repository, analysis tool and engine?
The most common answer is "they do the job".
Unfortunately 'good enough' does not provide the competitive advantage needed in today's dog-eat-dog world. Data is power. Today, it is collected and harvested in enormous volumes. Tomorrow, we will not just store data, but study it in real time to provide immediate value. Once the value has been extracted, we will be shortening its life to preserve storage space. Solutions that are able to respond to the needs of today’s businesses are already a reality.
Software Development is IN!
When we think of how much data an organisation collects nowadays, migrating a spreadsheet application to bespoke software makes sense when an organisation has become heavily dependent on the data kept there.
The good news: converting a spreadsheet to a database isn't as hard as one might first predict. Why? Because spreadsheets are a type of database so the data in your current system can be converted into something with greater capacity and a more well-thought structure without losing anything. Computer programs can convert the data to another format, such as SQL database, or even read the data right out of the spreadsheet.
Even financial calculations like present value and internal rate of return can be made in to programmable languages that include financial and mathematical tools built right into them.
If you've been thinking about making the switch and need more advice on converting your spreadsheet, get in touch.