Will Microsoft Excel ever be replaced?

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. And the truth is, Excel is still great at what it does.

Is Excel still relevant?

Excel Is Collaborative Instead, Excel remains relevant because it’s part of a larger big data ecosystem. That means, if you want to make it an effective tool, you need to put it in context – and here’s what that means.

What has replaced excel?

Alternatives to Excel

• Google Sheets.
• Zoho Sheet.
• Microsoft Office Excel Online.
• Smartsheet.
• LibreOffice.
• WPS Spreadsheets.
• Quip.
• Apache OpenOffice Calc.

What is better than Microsoft Excel?

Google Sheets stands out most obviously from Excel because of it’s excellent collaboration abilities. Multiple people can be working on the same spreadsheet at once without any lagging or confusion. You can even access the spreadsheet from your account on multiple devices at the same time without disruption.

Are spreadsheets outdated?

Spreadsheets Are Obsolete In The Age of Big Data—What Is Replacing Them? Creating data tables in graphs and charts is quick and easy and more experienced users can exploit advanced functionalities like rule-based formulas, conditional formatting, pivot tables, macros, and others.

Why is Excel so important in the job market today?

A working knowledge of Excel is vital for most office based professionals today, and stronger Excel skills can open the door to promotion and leadership opportunities. It takes a savvy computer user to take advantage of everything Excel has to offer to provide the best results for their company.

Is Google sheets as powerful as Excel?

What is a free replacement for Excel?

LibreOffice Calc Like OpenOffice, LibreOffice is a free office suite that includes its own Excel alternative, also called Calc. It runs into the same restrictions as OpenOffice in that LibreOffice Calc lacks cloud support and real-time collaboration.

Is Excel old fashioned?

Here Are the Top 2 Alternatives from R and Python. Even in 2021, many companies are still largely managed with spreadsheets.

Is Excel still relevant in today’s World?

Yes it is, and it will be through all our professional careers. I don’t work for Microsoft but just have a look at Excel’s development and usage in companies worldwide. Excel’s reputation kind of went through what carbohydrates has gone through.

When was the last time Excel was updated?

September 24, 2018 marked the first time a major Excel release has been rendered obsolete on the day of its general availability. Historically, Excel has been updated roughly every 3 years, and each major release has brought new features and sometimes user interface changes—such was the case with Excel 2007.

Is Excel 2019 going to be obsolete?

Why Excel 2019 is Already Obsolete. September 24, 2018 marked the first time a major Excel release has been rendered obsolete on the day of its general availability. Historically, Excel has been updated roughly every 3 years, and each major release has brought new features and sometimes user interface changes—such was the case with Excel 2007.

Why are companies replacing excel with specialized software?

That’s why many com­panies are replacing Excel and moving financial processes off of spreadsheets and onto specialized software. There are nearly as many routes to that goal as there are reasons for replacing Excel and making the migration. Many companies have decided that Excel is unfit for finance, despite recent improvements.