Incredible Ways Excel Is Used In Business

Microsoft Excel was first introduced to the public in 1985 and things have come a long way since then. Not just advances in tech but also the way that the world operates. In particular businesses are more connected than ever and also considerably more flexible. It’s possible to run a worldwide business from the comfort of your bedroom if you were so inclined. So where does a piece of software that arrived on the market over thirty years fit into this? Actually, it plays a bigger part than you’d imagine. Excel is important in a whole host of industries and businesses for different reasons. Let’s look at a few of the more interesting ways that Excel and similar software is used.

Scientific Research

You might think that scientific research is all about running experiments or psychological studies. But when it get’s right down to it a lot of time is spent examining data on, you guessed it, Excel. Psychologists and researchers will spend hours, even days staring at spreadsheets. But it’s good that this type of software exists. It’s the only way to make sense of the data. It can also be used to set up different groups in psychological experiments and record everything correctly.

Business Management

As we’ve already mentioned a lot of new businesses are primarily setup to run online. This is great because it allows businesses to cut costs and reduce the production needs. The only issue is it means that employees are often divided rather than being in one place. It’s important that they can still get the information they need and work using a software that can be connected to a bigger model. Using excel and other similar software this is a possibility. You can connect all your employees on one piece of software and provide them with the information that they need. It’s also useful if you have hired freelancers who are working from their home.

Time And Resource Monitoring

In business it’s important that you don’t waste money on costs. Believe it or not, one of the biggest threats to the air industry today is the waste of fuel. Pilots have to be careful that they are not wasting fuel during flights by making the wrong decisions. To help them with this, they can use pilot logbook software. Using software like this, pilots can carefully monitor how long each flight is taking and how they can reduce the cost. They can work toward an improved and efficient flight plan. You might be wondering what base programme this software uses or you could have guessed. It of course, runs on an Excel based program.

Pilot air time management is a cool example of how excel can be used in different industries. But it’s important to remember it’s also used in your typical office as well. When you’re running a production company, it’s important that you keep checks on level of stocks. You don’t want to run into the issue of a shortage. Using Excel everything can be recorded accurately. As well as this, connecting the software with cloud tech can lead to business owners getting real time info on stock levels.

It’s amazing that an old piece of software is still the base of many business operations today. But as you can see, the facts are undeniable.