Starters Guide to Business Analytics Using Excel

This blog introduces you to the essential Excel skills that an individual should have in order to survive in IT Industry. After reading this blog, you will get to know the excellence of Excel in terms of Business Analysis.

Basic Excel Skills

These are the list of basic Excel operations that you should definitely know to play with Data. Now a days, it is essential to have basic idea about Excel and these basic Excel skills are:

• Familiarity with Excel ribbons & User Interface
• Ability to enter and format data
• Calculate totals, averages & summaries using formulas
• Highlight data that meets certain conditions
• Creating simple reports & charts
• Understanding the importance of keyboard shortcuts & productivity tricks

This is not the end of list, rather I have just mentioned some of the skills that are mandatory for day to day purposes in order to get insights from the data. Apart from these skills, Excel is rich with ANALYSIS TOOLPACK.

Analytics with the Excel ANALYSIS TOOLPACK 

Many people talk about “Big Data” and Analytics, yet only few understand what it really means. The term Analytics essentially refers to the application of mathematics and statistics to datasets, and it is definitely not a new idea.

Nevertheless, certain characteristics of it have modified over the past five years because of databases like Hadoop that make it possible to analyze unstructured data (i.e., data that is not organized into the basic row and column format of a spreadsheet of workbook).

So, once you come to know the basics of Excel, chances are you will be asking for more. The reason is straight forward. Anyone with good Excel skills is always in demand in industry. Your superiors love you as you can get things done with ease in no time. Your colleagues may show jealousy for you as your workbooks are neat and easy to use. And, you will want more learning, because you have seen the amazing results of Excel.