Question: Why Excel Is So Popular?

1990sLotus was slow to release a Windows version of its spreadsheet, allowing Excel to increase its market share and eventually become the dominant spreadsheet application in the mid-1990s..

Is Excel becoming obsolete?

Excel has become obsolete as a financial analysis tool and should be replaced with business intelligence. … Finance departments have been married to Excel for more than 20 years. They can’t imagine living without their simple and personal analysis tool.

Why Excel is bad?

Excel is a terrible place to store and retrieve data. It is meant to analyze data. You’ll have a spreadsheet with many sub-sheets (tabs). Often the same data will be input into several locations on many different spreadsheets.

Is R faster than Excel?

R can automate and calculate much faster than Excel Bottom line: R is able to not only handle huge datasets but can still run efficiently while doing so.

Is Python better than Excel?

Python is faster than Excel for data pipelines, automation and calculating complex equations and algorithms. Python is free! Although no programming language costs money to use, Python is free in another sense: it’s open-source. This means that the code can be inspected and modified by anyone.

Why did Microsoft develop Excel?

Microsoft originally marketed a spreadsheet program called Multiplan in 1982, which was very popular on CP/M systems, but on MS-DOS systems it lost popularity to Lotus 1-2-3. This promoted development of a new spreadsheet called Excel which started with the intention to ‘do everything 1-2-3 does and do it better’.

Why is Excel still relevant today?

Excel Is Collaborative Instead, Excel remains relevant because it’s part of a larger big data ecosystem. … Professionals are constantly moving information into and out of Excel, and that information’s value increases each time.

Why is Excel useful?

Microsoft Excel is a spreadsheet program. That means it’s used to create grids of text, numbers and formulas specifying calculations. That’s extremely valuable for many businesses, which use it to record expenditures and income, plan budgets, chart data and succinctly present fiscal results.

What will replace Excel?

15 Excel Alternatives To Help Your TeamGoogle Sheets. Very similar in appearance and functionality to Excel, Google Sheets is probably the most popular Excel alternative. … Apache OpenOffice. … Excel Online. … Zoho Sheet. … LibreOffice. … Bime. … ThinkFree. … Numbers For Mac.More items…•Mar 22, 2017

Who invent excel?

Microsoft ExcelA simple line chart being created in Excel, running on Windows 10Developer(s)MicrosoftInitial release1987Stable release2103 (16.0.13901.20400) / April 13, 2021Operating systemMicrosoft Windows6 more rows

Who is the father of MS Excel?

Charles SimonyiCharles SimonyiNotable workMicrosoft OfficeNet worthUS$4.6 billionSpouse(s)Lisa Persdotter (m. 2008)Children216 more rows