- Report this article
Apoorva Venkata
Apoorva Venkata
Data Analytics & Business Intelligence Specialist | MS Business Analytics, University at Buffalo | Transforming Data into Actionable Insights
Published Jan 17, 2024
+ Follow
In the world of Business Intelligence (BI), the buzzwords are all about fancy tools and cloud platforms. But amidst the hype, there's a humble hero often overlooked: Excel. Yes, the spreadsheet software you've used since your high school days. I am currently working on data to evaluate a roofing company's marketing strategies as a part of my Project at FAST Clinic, so I tried my hands on a sample data set for a Toy manufacturing company.
Links for my dashboard: Maven Toys Regional Revenue Dashboard
Here's why Excel isn't just alive and kicking, but thriving as a construction BI secret weapon:
1. The Familiarity Factor: where time is money, learning complex new tools can be a hurdle. Excel's intuitive interface and widespread familiarity empower all stakeholders, from project managers to executives, to engage with data directly.
2. Data Wrangling Wizard: project reports, invoices, blueprints. Excel tackles this heterogeneity with ease. Its import and transformation capabilities, coupled with formulas like VLOOKUP and Power Query, let you seamlessly merge and clean diverse data sets, paving the way for insightful analysis.
3. The Power of Customization: The one-size-fits-all BI solutions rarely cut it. Excel's flexibility shines here. Its vast library of functions, from complex calculations like net present value to data validation tools, lets you tailor analyses to your specific needs and questions.
4. Dynamic Dashboard Dynamo: Don't settle for static reports gathering dust in filing cabinets. Excel's charts and graphs come alive with conditional formatting and slicers, allowing you to build interactive dashboards that update in real-time. With a few clicks, analyze project performance, track budget variances, and visualize key metrics, keeping everyone informed and on the same page.
The takeaway? Excel isn't obsolete; it's evolving. In the hands of a skilled BI professional, it becomes a powerful tool for unlocking actionable insights from construction data. So, the next time you encounter that humble spreadsheet icon, remember its hidden potential as a BI secret weapon ready to transform your projects.
Check out this course to get started on your Excel dashboard journey Udemy Advanced Excel dashboard Design
Thanks Madhav Bhatia , Sonali Dixit for being an amazing team. looking forward to more learnings and insight with you both!
Like
Celebrate
Support
Love
Insightful
Funny
25
2 Comments
Advocations
6mo
- Report this comment
Absolutely agree! Excel is a versatile and essential tool for crunching data and uncovering insights. #excellover
1Reaction
Madhav Bhatia
Product and Data Analyst | SQL, Python, R and Tableau | CSM®| MS Business Analytics 23-24, SUNY Buffalo | Numbers are my language, Business my playground
6mo
- Report this comment
Keep it up!💪
1Reaction 2Reactions
See more comments
To view or add a comment, sign in
More articles by this author
No more previous content
- Exploratory Data Analysis Pizza Runner case study Feb 13, 2024
- Striking Gold with SQL on HackerRank! Jan 7, 2024
No more next content
Sign in
Stay updated on your professional world
Sign in
By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy.
New to LinkedIn? Join now
Insights from the community
- Forecasting What are the advantages and disadvantages of using Excel for forecasting?
- Trend Analysis How do you keep your trend analysis skills in Excel updated and relevant?
- Arena Simulation Software How do you import Excel data into Arena without losing formatting?
- Computer Literacy What are the easiest ways to automate Excel functions?
- Data Analytics What advanced Excel functions and formulas can you use to create sophisticated data presentations?
- Analytical Skills Here's how you can elevate your analytical skills with advanced Excel functions.
- Business Intelligence What are the most effective ways to showcase your value in BI?
- Quality Improvement What are some best practices for creating and interpreting scatter plots in Excel?
- Business Intelligence Your BI team is underperforming. How can you turn things around?
- Business Intelligence What do you do if your BI workflow lacks creativity?
Others also viewed
- Unlock Your Full Spreadsheet Potential: The Top Google Sheets Courses to Master Data Manipulation and Visualization! Sumit Bansal 4mo
- Top 3 Advantages of Power BI Harjot Singh 5y
- Power BI Tips and Tricks William Crayger 6y
- What Excel knowledge should business users have? Wyn Hopkins 7y
- How I started learning Power BI Swaranjit Chakraborty 1y
- Microsoft Excel - Journey from Beginner to Advanced in Excel Free Online Courses With Printable Certificates 4mo
- Best Youtube Resources to Learn Power BI Mayank Garga 5mo
- Excel Power Suite 2024 Create and Learn - Power BI | Excel | Tableau 6mo
Explore topics
- Sales
- Marketing
- Business Administration
- HR Management
- Content Management
- Engineering
- Soft Skills
- See All