What is the importance of Microsoft Excel brainly

Microsoft Excel is a spreadsheet program that is primarily used to store and make sense of large chunks of data. From sorting the data to performing basic operations, to performing higher-level operations — there’s a lot that Excel offers to its users.

With a working knowledge of MS Excel, you’ll be able to organise and manipulate a large amount of data which can be otherwise time-consuming, mundane and difficult to do. Excel has, over the years, grown to become the skill that manifolds increase one’s chances of securing a job. If you’re a fresher with knowledge of Excel, you can start your career as an analyst. Further, if you’re aiming to work in the business sector, you’ll definitely need to ace Excel in order to manage finances, human resources, and inventory.

All in all, MS Excel is a pretty nifty tool — one that has empowered students for years and continues to do so. Let’s look at 6 reasons for Excel being such an important tool in the toolkit of students:

1. Improved time management

If you’re looking to successfully own and run a business, or even work in a corporate, you’ll be dealing with multiple tasks daily. To be successful, therefore, you’ll need to be productive and quick at your tasks. For that, the various features of Excel come in quite handy.

You can increase productivity and improve time management by having a command on all the frequently used shortcuts of Excel. You can also use macros and other formulas to automate your tasks. These little pushes that Excel offers give you a lot of free time to focus on more difficult things, while Excel takes care of most of the regular, mundane, formula-based tasks.

2. Holistic look at the data

When you’re managing a large pool of data, it’s very easy to get lost in it. If you tend to analyze data numerically, you’ll find it difficult to extract meaningful patterns and resources, and therefore, you won’t be able to make accurate predictions from the data that you have at hand.

This is where Excel comes in handy. It offers you features like conditional formatting using which you can highlight rows for similar conditions. This way, you’ll have a visual aid for all the data — so, you won’t need to focus on individual data points, but can look at the bigger, holistic picture, and make predictions that are more likely to come true.

Excel also allows you to create many pictorial representations like pie charts, graphs, histograms and more, to simplify data presentation. This helps everyone in your organization, group, or project come on the same page regarding the understanding of data at hand.

3. Faster, more accurate calculations

With the formulas that Excel supports, you get to perform faster calculations automatically. If you’re good at Excel, you won’t need to manually perform large numerical calculations that are always time-consuming and often riddled with human errors. Further with advanced excel concepts and knowledge, you’ll be able to tackle even the more complex calculations and operations with just a few clicks, without wasting too much time, and without compromising even a bit on accuracy.

4. Enhanced analytical skills

MS Excel opens a lot of creative avenues for students, especially in terms of performing analytics and calculations. Economics is the most important element for any successful business. Many businesses suffer due to people not having enough analytical skills to make sense of the finances and other important metrics. As a result, Excel acts as a saviour for students by equipping them with the necessary knowledge and skills to perform well in their professional careers as well. All in all, Excel can help in building strong analytical skills by managing, analyzing, and performing business and daily life financial calculations.

If even before you’ve joined a corporate, you’re good with finances management, and using Excel to perform analytics, you’ll be an asset for the company you go to. Further, chances are the organization you’ll enter already uses Excel or some similar software. So, with your working knowledge, you’ll be all set to leave your mark in the professional world.

5. Data visualization techniques and ideas

As we’ve mentioned earlier, apart from just performing calculations and offering formulas, Excel also has a huge array of data visualization techniques. Data visualization is an extremely important skill, especially if you’re working with teams of different specialities. Not everybody in the organization is capable of making sense of raw data in the form of numbers, percentages and statistics. Most people need that data to be displayed in an easily-consumable pictorial format. That is where the various visualization methods of Excel come in handy.

In the form of pie charts, bar charts, histograms, and more, you can display all your data, findings, and future patterns in a visually attractive manner. In doing so, you’ll ensure that everybody in your organization — from marketing teams to sales teams, from engineers to higher management — is on the same page in terms for all the data, predictions, and decisions.

There are many more sophisticated tools as well, to perform better and higher-level data visualization. However, for students, it’s crucial to know the visualization techniques using Excel to have a good headstart in their career. For instance, students pursuing B.Com or M.Com know how to create demand and supply curves, they learned how to predict the future based on data, how to calculate net profit. All of this can be easily replicated in Excel for better and easier understanding.

In Conclusion

Microsoft Excel is an extremely important tool, and it finds a role in almost all fields of work these days. To sum up, the broad benefits of learning Excel for students include faster and more accurate decision making, quick calculations, seamless data visualization, and a lot more.

Many students across the globe are waking up to these benefits and starting to master the art of Microsoft Excel. There’s nothing to lose if you’ve excelled at Excel — just that everything will become a lot simpler. If you’d like to learn more about Excel, reach out to us — our courses are designed keeping the beginners in mind, and take you all the way to the top, ensuring you have a fulfilling and successful career ahead of you!