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If anything I feel like for a long period of time YOU and other excel staff like yourself will be able to use AI to perform your job in a more efficient way while costs to perform said work slowly take some time to catch up to this new expectation of efficiency.
One thing is some companies will never stop using excel as business teams are generally not interested in learning powerbi and buy subscriptions , so it’s easier for them to have a dashboard they can work with without any extra expense
I spoke to a client asking why they used excel dashboards instead of using tableau and power bi they said the above reason and I found it quiet acceptable ( it was a reasonably big company)
You can lead a horse to water but you can't make them drink. Even if people can use chatgpt their prompts need to be good and they still will need to know how to massage it.
It should free up the mundane and allow for more fun endeavors. ;)
agreed! Still need experts to ensure the correct output and efficiency. AI still way behind in understanding human behaviors and inaccuracies.
They said this about Google. Nobody could learn how to google. Nobody will be able to learn how to prompt either.
Just my opinion, but I’d say excel specific skills are becoming less and less desired in the professional world in general. It’s not even a generative AI thing, although it may be a factor. It’s an old technology, and technology is advancing.
I may be biased though. At my place of work, a plethora of excel sheets being tossed around signifies something’s wrong whether it’s a lack of process or structure. They come to us to build things out in PowerBI
Basically everything. Operational analytics, financials, BI, WFM. List goes on. Basically anything our native tools can’t accomplish, we build the solution in PowerBI. If an excel sheet is created and is expected to live more than a few weeks, it’s being converted to a PowerBI report.
GenAI is coming for the jobs of those who don’t use it. It’s a paintbrush not a painter
AI will give answers that are at least as accurate as anything we can provide here. But it won’t replace an analysts job. An analyst doesn’t get paid to make formulas or even templates. They get paid to solve problems and interpret data. AI will make the job easier, which will free up the analyst to do more analyzing.
I do think AI will likely slow down the hiring of additional new analysts since one could do the job of three with good knowledge and use of tools. A manager or investor may not need to hire someone just to build dashboards anymore.
And I agree PowerBI and some coding (with AI help) is what analysts can learn next to up their game.
Power bi and other such tools cost money on subscription and admining. I use excel for ease of use/licensing and I use it to train people to think technically vrs just doing a “data” mentality. More orgs are locking down vbs and macros so I focus teaching people how limited excel is and there are better db and dashboarding/visual tools out there.
sometimes I’m frustrated to work for a company that doesn’t like to spend on tech… but I know for a while it gives me job security. they won’t upgrade to office 365 (we use excel 2016) much less let us use Power BI or Tableau. No way are they turning to AI anytime soon. Many non tech focused companies will take a long time to jump on board with new technologies.
AI can assist with Excel formulas, but it can’t prepare complex tax inventory calculations (LIFO, UNICAP, RIM), so my job is safe.
I am an intermediate user, not an expert. When I have an Excel question, I typically search Google and then kitbash a solution from what I find. Generative AI will be the same way, I think. A person will need some level of Excel sophistication to use fenerarice AI.