Question

Answer in detail about the following topic: What are the Importance, Uses and Advantages of Microsoft Excel? Write in detail.

Answer 1

Microsoft Excel is one of the most important because it plays a key role in many places. Excel was first released in the year 1985. It is the most used spreadsheet program in many businesses, education institutes, and even for personal usage. Excel is capable of formula based arithmetic calculations, Excel macros also are very powerful to solve some repeated task efficiently. Many businesses, personal and institutional enterprises have embraced the use of Excel because of its utility in different applications.

Uses: Microsoft Excel is a very versatile tool and can be used for almost anything that you can imagine:

• Agendas
• Budgets
• Calendars
• Charts and Diagrams
• Financial Tools (Loan calculators etc.)
• Inventories
• Invoices
• Lists and to-do checklists
• Planners
• Reports
• Schedules etc.

Advantages: Excel brings us a wide variety of advantages; here are the main advantages:

• Easy and effective:  With the powerful analytical tools included within Microsoft Excel we have the ability to analyze large amounts of data to discover trends and patterns that will help us make critical business decisions. Microsoft Excel’s graphing capabilities allow us to summarize our data in a graphical manner
• Recent Updates: Recent upgrades to the Excel given us more power to use powerful filtering, sorting to enhance our ability to analyze large amounts of data quickly and easily narrow down the criteria that will assist in your decisions.
• Flexibility: While you will need the latest technology to get the best out of Microsoft Excel it can be used at home on your low powered PC or at work on your high powered Laptop.
• Web app: With the advent of the Excel Web App we can now work on spreadsheets simultaneously with other users.
• Microsoft Excel Mobile: Excel mobile app helps us to view or modify our spreadsheets directly from our mobile phones on the go.