Q:

What are the advantages of using Excel?

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Quick Answer

The advantages of using Microsoft Excel are that users can maximize the value of their data by building great charts, using conditional formatting, identifying trends, bringing data together and utilizing online access. Excel gives businesses strong tools, but can be equally helpful for individuals who need to process and manage personal data.

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Full Answer

Microsoft Excel is a spreadsheet program that was created by Microsoft and can be used on computers, tablets and cellphones. It allows people to conveniently share their work with others and organize data.

In the modern era, many businesses and firms collect data from multiple sources, which include in-store transactions, online sales and social media. This means that they need a quick and efficient way to gather the data together and analyze it. Excel is most often used for financial information and the data that is relevant to financial information; however, it can also be used for other processes, such as human resources list data.

Excel allows users to build a variety of great charts including pie charts, clustered column charts and graphs. This helps users visualize their data. Excel also allows conditional formatting, which means that users can use different colors as well as bolding, shades and italics to help differentiate between their data. Trend lines are able to extend beyond each graph's lines and help to offer predictions and forecasts. Data can be imported and exported from a variety of files.

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