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Week 1 Discussion Topic 1

Week 1 Discussion Topic 1

Q Discussion Topic: This week we learned how Excel can help to present and understand data for a company. Throughout Chapter 1 and 2, we see that Excel spreadsheets can be used to present data, total data, and display a summary of information for managers and owners to make more informed financial decisions. Excel has been useful in helping companies understand "big data" and in performing increasingly complex data analytics as well. Review the article included below and discuss the advantages and disadvantages that Excel has in helping navigate databases, big data, and data analytics. Be sure to note your source and in-text citations in APA format. Article - Excel and big data - Office Blogs.pdf Sharma, Ashvini and Ellis, Charlie. (2016) "Excel and big data". Office Blogs. Retrieved from: https://blogs.office.com/en-us/2016/06/23/excel-and-big-data/ Do not forget to make your posts to the other topic this week.

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Excel is known as one of the number one tools to rely on in accounting. Companies use Excel often to present and understand different data for a company. Using excel spreadsheets allows companies to organize/total their data, reports and display summaries of information pertaining to the company’s financials. Most importantly, Excel is a great tool, that can save companies a lot of time when reporting. In the article discussing Excel and big data, we learn that there are a few ways to define big data. High volume, high velocity, and high variety are all used to define the data, depending what they include (Sharma and Ellis, 2016). High volume can refer to both data and dimensionally, high velocity means the data is received at an extremely high rate but has a low expectancy between data arrival and developing value (Sharma and Ellis, 2016).