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Data Analytics for Microsoft ExcelMicrosoft Excel is a trademark of Microsoft Corporation                                 ...
Big Data – Projected to Drive IT Growth• Gartner Inc. projects that “big data” will  drive $232 Billion in IT spending – 2...
Big Data – Top Sources Today?• Machine-generated information  • Sensors, geo-enabled mobile devices• User-generated inform...
But…What About In-House Data?• Externally generated data is often a shiny  object  • Pundits and vendors look at big data ...
Spreadsheets: The Original User-          Generated Content• Spreadsheets may be unglamorous, but  are the original user-g...
Risks of Neglecting Data Held in             Spreadsheets1. Risk of ignoring the information needed to   make consistent d...
Big Data May Get All the Hype Today…But Business Are Run by Big Spreadsheets
Spreadsheets By the Numbers• 99.7% of businesses use spreadsheets• 70% of businesses have “heavy” reliance  on spreadsheet...
Spreadsheets By the Numbers• Estimated 90 million computer users in the  US workplace…  • 60% - 55 million – will use spre...
Spreadsheets By the Numbers• Spreadsheets have an average 5 year  lifespan• Used by 13 different business analysts• Financ...
Spreadsheets By the Numbers• Errors persist in most spreadsheets and  can be hidden sources of risk• 2-5% of formulae are ...
How to Reduce the Risks?• Recommendation #1:  • Understand where critical business data    is held – odds are it is in a s...
How to Reduce the Risks?• Recommendation #2:  • Invest in analytic tools that can be    understood by typical business wor...
How to Reduce the Risks?• Recommendation #3:  • Don’t pin hopes on big data alone for    improved productivity and operati...
Read More on This Topic• FierceContentManagement  • Article – Nov 5, 2012 “Never Mind Big     Data, We’re Still Coping wit...
Who is InformationActive Inc.?Founded in 2003, flagship product        ActiveData has  Tens of Thousands of users     in o...
ActiveData estdisponible en   français                 InformationActive.com/fr
Download a Free 30-day Trial :www.InformationActive.com/download
Online Tutorial Videos :www.InformationActive.com/videos
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Never Mind Big Data: We're Still Living in the Era of Big Spreadsheet

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Big data gets all the hype today, but enterprises around the globe continue to be run by big spreadsheets – spreadsheets with few controls, analytics or simple ways of testing, validating or detecting patterns

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Never Mind Big Data: We're Still Living in the Era of Big Spreadsheet

  1. 1. Data Analytics for Microsoft ExcelMicrosoft Excel is a trademark of Microsoft Corporation www.InformationActive.com
  2. 2. Big Data – Projected to Drive IT Growth• Gartner Inc. projects that “big data” will drive $232 Billion in IT spending – 2016• Includes spending on • Storage • Business intelligence • Database • Middleware platforms www.InformationActive.com
  3. 3. Big Data – Top Sources Today?• Machine-generated information • Sensors, geo-enabled mobile devices• User-generated information • Social media, web transactions, social networks, apps• Have defined how we talk about information and content management in 2012-13 www.InformationActive.com
  4. 4. But…What About In-House Data?• Externally generated data is often a shiny object • Pundits and vendors look at big data as way to transform business, get better insights into customer behavior and buying patterns• But what about internal patterns and data sources? Often neglected. www.InformationActive.com
  5. 5. Spreadsheets: The Original User- Generated Content• Spreadsheets may be unglamorous, but are the original user-generated content to have a material impact on business • Spreadsheets in mainstream use for over 30 years • Few organizations have applied data analytics or mined the intelligence held in spreadsheets www.InformationActive.com
  6. 6. Risks of Neglecting Data Held in Spreadsheets1. Risk of ignoring the information needed to make consistent decisions2. Risk of allowing errors and non- compliance proliferate in the dark of untested formulas, rows and columns www.InformationActive.com
  7. 7. Big Data May Get All the Hype Today…But Business Are Run by Big Spreadsheets
  8. 8. Spreadsheets By the Numbers• 99.7% of businesses use spreadsheets• 70% of businesses have “heavy” reliance on spreadsheets for critical business activities• Yet…only 42% of companies paid attention to spreadsheets as part of risk reporting and assessment Source: (Deloitte 2009 Study) www.InformationActive.com
  9. 9. Spreadsheets By the Numbers• Estimated 90 million computer users in the US workplace… • 60% - 55 million – will use spreadsheets or simple databases for work Source: Carnegie Mellon University www.InformationActive.com
  10. 10. Spreadsheets By the Numbers• Spreadsheets have an average 5 year lifespan• Used by 13 different business analysts• Financial analysts spend average 3 hours a day in spreadsheets Source: Delft University of Technology www.InformationActive.com
  11. 11. Spreadsheets By the Numbers• Errors persist in most spreadsheets and can be hidden sources of risk• 2-5% of formulae are incorrect • Consistent for both beginner and expert users• Up to 5% of errors can be material to business operations and financial health Source: Professor R. Panko www.InformationActive.com
  12. 12. How to Reduce the Risks?• Recommendation #1: • Understand where critical business data is held – odds are it is in a spreadsheet • Learn how it is being exported, crunched, analyzed • Inventory and apply information management principles to essential spreadsheets www.InformationActive.com
  13. 13. How to Reduce the Risks?• Recommendation #2: • Invest in analytic tools that can be understood by typical business workers • Seek out easy-to-use spreadsheet governance tools that don’t require big IT investment • ActiveData for Excel may be the right solution for your firm• www.InformationActive.com
  14. 14. How to Reduce the Risks?• Recommendation #3: • Don’t pin hopes on big data alone for improved productivity and operational insights • Do the analysis and quality assurance on your existing “big spreadsheet” data • Find historical context to supplement new real-time understanding www.InformationActive.com
  15. 15. Read More on This Topic• FierceContentManagement • Article – Nov 5, 2012 “Never Mind Big Data, We’re Still Coping with the Era of Big Spreadsheets”• InformationActive Network • Blog Post – Oct 20, 2012 “Big Data Gets the Hype, But We Still Live in the Era of Big Spreadsheet” www.InformationActive.com
  16. 16. Who is InformationActive Inc.?Founded in 2003, flagship product ActiveData has Tens of Thousands of users in over 70 countries.
  17. 17. ActiveData estdisponible en français InformationActive.com/fr
  18. 18. Download a Free 30-day Trial :www.InformationActive.com/download
  19. 19. Online Tutorial Videos :www.InformationActive.com/videos

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