Microsoft Excel is application software packaged with Microsoft Office suite. In Excel application, you can create an electronic spreadsheet that is used to perform mathematical, logical, financial, economic and daily life calculations by using formulas.
Microsoft Excel is also known as a Workbook and Electronic spreadsheet. The group of worksheets is called workbook. And because in excel figures are calculated by formulas automatically after formula in the first cell and rest of other cells follow the pattern that’s why it is known as an Electronic spreadsheet. Formulas create electronic transmission in excel. E.g. A1 mean A is column and 1 is a row.
According to the Wikipedia information about Microsoft Excel, the first excel version 2.2 was launched for Macintosh, Apple Inc. on 30 Sep, 1985. And for windows computer users the first version was 2.5 in November 1987. Today, you can buy Microsoft Excel 2016 with a Microsoft Office 365. Even you can use Microsoft Excel online by creating an account at live.in or Microsoft account with one drive.
Microsoft Excel worksheet is a group of 1048576 rows and 16,384 columns. Excel worksheet is like a table. In which one index is called the cell. A cell is used to enter figures and text. Also, the formulas are entered into the cell. 1 Cell can contain 32,767 characters. And Microsoft Excel provides 3 worksheets by default.
Calculation: – Perform calculation of numbers, subtraction, sorting filtering, and multiplication by using formulas. The calculation means monthly income and expenses calculation, sales and profit calculation, website traffic analysis etc.
Data analysis: – To reach the new conclusion or to find new solutions or new innovative idea it’s important to analyze data. And excel helps business owners to analyze that data visually after performing calculations. To visualize data in excel you can use charts, shapes and conditional formatting etc.
For example, a user can perform logical and mathematical marketing calculations. After that they can use visualize data by using charts, smart arts, pivot tables etc. and that help them to take business decision more confidently. In simple words, data analysis means reducing the risk in the business decision.
Visualization of data means to present the data and information to the second party from the first party with simple and meaningful ways that help to take the decision and analyze business situation positively and negatively.
For example, teachers can use excel to teach students to visualize the complex math terms. That helps students to understand the logic in formula and the impact of formula in their daily life.
Another example of visualization of data is that a bank manager can use excel to present data visually to his team member. Visual communication of data helps team members to work on next task related to their job at the bank.
Microsoft Excel is so much popular than other spreadsheet applications. Because Microsoft Excel gives users freedom in implementations whatever they want to accomplish by using formulas. The greatest benefit of excel can be generated by anyone who uses and have financial creativity. Another reason behind the use or popularity of excel that it is all in one solution for our daily life financial problems.
I think you can read following articles to understand why it’s important to learn Microsoft Excel.
Uses of Microsoft Excel in Daily Life
Importance of Microsoft Excel in Business
To be able to use excel you can focus on learning formulas and chart but mostly the sub-menus of Insert, Data and Formula menus. You can use Excel with pre-defined templates to practice. You can press F1 button to learn from excel help. While there are various other sources available online that can help you to learn Microsoft Excel. Here I created the best courses list to learn Microsoft Excel including free and paid. Best Online Courses to learn Microsoft Excel 2016
Download and install Microsoft excel on your computer if you want to use. Else you can use Microsoft Excel Online too.