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I think the main advantage of having "excel skills" is not the overall formulas you know, but the logic skill/ability to Breakdown a problem. It's the same as engineering (for me) - I don't use it, but I benefit from the problem-solving/busting-my-ass skills acquired
Knowing that =SUMIFS() sum a group of cells based on a given criteria is kinda worthless - but knowing how to structure the analysis, that is worth something. You can translate that go "knowing what questions to ask about" in the AI context, although personally, I think people are overestimating its impact in the short-run
Personally, I think excel will stay here for a while, so the "hard skills" of knowing excel will have some use/value - but it is up to you to decide how much you need to know/can benefit from knowing
Some companies are still using AS400 from 40 years ago. It will be fine. Excel is not going anywhere lol
Is that Lotus 🪷?
We use excel for complex modeling every day. It’s still my teams go to choice for taking output from systems and translating into business metrics and costs/savings.
Being good with Excel has pretty much been demoted to super quick data analysis over like 30 minutes and just being able to get a hand on data.
But as far as building large models and visualizations I agree it's basically become a legacy skillset
Legacy skill set 👍🏼
Yes, constant changes… definitely learn AI as well!
@CH Robinson
Right? I'm currently job hunting now and I would love to take the time to get more exposure to AI and other analytics tools, but not sure where to go for them
AI will take over this skillet. Humans will just have to tell AI what we want to see.
Coach
Excel is a generic tool, hence very versatile.
Of course, if you compare its data visualization capabilities to a * specialized* software for that such as PowerBI ... Excel isn't good enough by construction.
But Excel enables much more than dashboarding:
- implement calculations for their result (accounting) or for performing what-ifs (risk scenarios)
- (few steps) analysis of (small) datasets
- run parametric and non-parametric statistics
- experiment models of any kind: in portfolio management, business, ...
- Find complex function optimal (with the solver)
- etc ...
Excel has a very flat learning curve which makes it the tool of choice for all non-tech people to think about an issue with numbers ...
This won't be replaced any time soon
The beauty of EXCEL is it runs the world. I have not meet a client that blocked the use of EXCEL, but many clients have other BI tools and other automation tools. While I can make a more appealing solution using PowerBi I still find myself using excel knowing that I can leverage that solution on any other client as well.
Nope. Was running circles around ais the other day using just excel. Software/hardware always breaks. I never quit.
My excel skills have helped me get a better grasp on the full power platform; my honest belief is excel will soon be used to train children in programming things. It will be a fundamental and common skill but not a “valuable” one.
You’d be surprised how many companies are using excel assessments to screen potential candidates, at least in my field of finance.
Excel will definitely be around for a while, but it is good practice to broaden your skills. It’s just the nature of the world. Technology is evolving more rapidly than ever and we constantly have to reassess how are skills are applicable today and how they may or may not be applicable tomorrow.