Do you think that Excel and PPT will be replaced by more advanced tools in financial services ?

Oliver Wyman / Strategy abjf2104
Feb 12 32 Comments

There are better tools for data analysis and better presentation tools, why are firms still using this as a standard ?

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TOP 32 Comments
  • Amazon 1.3 acres
    because companies buy office365 and ppt and excel come with it
    Feb 12 0
  • New bGfp7
    Because they don’t actually need nice-to-have features.
    Feb 12 1
    • Oliver Wyman / Consultant
      abjf2104

      Oliver Wyman Consultant

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      JPMorgan Chase & Co.
      abjf2104 more
      OP
      Yes I guess all the basics can be done more easily on PPT and Excel
      Feb 13
  • Amazon / Data DEcL21
    I’ve been working for 4 years and haven’t used excel or PowerPoint once as a Business Intelligence Engineer. Tableau rocks
    Feb 12 3
    • Amazon / Data DEcL21
      I do my predictive and prescriptive in Python typically
      Feb 12
    • New / Data ctR66y
      I agree with Amazon! Can't something like a BI tool in conjunction with R or Python replace Excel analytical work? It goes beyond analytics because you can also ingest, clean and transform the data much more easily. Does the combo not have the functions or flexibility that Excel provides?
      Feb 13
  • Hyundai Capital America EA1919
    Excel wont disappear, but Im feeling just being able to run excel wont be enough now. For instance, I use Tableau more nowadays to report to management, but I still use excel/ppt for daily, simple task. I can walk away from Tableau, but I can’t walk away from Excel and ppt.
    Feb 12 0
  • Visa / IT ToBeAsked
    Maybe, the ease and learning curve
    Feb 12 0
  • HP / Strategy mike22
    My favourite toolkit is Excel, R, PowerBi
    Feb 12 1
    • Microsoft / Data
      Demos0923B

      Microsoft Data

      PRE
      General Dynamics Information Technology
      Demos0923Bmore
      Also, if you're looking at relational or transactional data, you really should consider using a database or data store and then dumping to Excel after getting just what you need. Referential integrity and transaction speed from a live system is much better suited for a database than for Excel.
      Feb 12
  • JUUL / Strategy
    vlo97q

    JUUL Strategy

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    Riot Games
    vlo97qmore
    I think a better question is how will tools find better ways to plug into Excel/PPT since adoption of those is nearly universal and the potential market is massive
    Feb 12 1
    • Oliver Wyman / Consultant
      abjf2104

      Oliver Wyman Consultant

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      JPMorgan Chase & Co.
      abjf2104 more
      OP
      True. I mean it is like thinkcell on PPT. It makes life so much easier for consultants.
      But again it is quite crazy the monopole that Microsoft has on this. They must be making so much money because you cant do without excel and PPT in business nowadays. Otherwise everyone would have apple computers in financial services
      Feb 13
  • HP / Strategy mike22
    Tableau has some limitations on visualization. For eg. You are not able to create xyz dimensional charts. Additionally there are certain scaling features which are not available in Tableau. For quick predictive and prescriptive analysis excel has built in functions as well.
    On the other hand for large datasets one cannot use excel despite the flexibility. For eg. Excel crashes if your file size has 1 million records. On the other hand Tableau works extremely well for large datasets.
    Feb 12 1
  • New / Finance
    JoshBrown

    New Finance

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    Merrill Lynch
    JoshBrownmore
    What’s better for building valuation models? I can think of a lot of data powerbi and tableau are way better for visualization, but modeling needs to be mostly manual. It’s 90% human driven assumptions. You can’t just automate it and do it well. Have you seen the “free” DCF calculators out there?
    Feb 12 0
  • Bloomberg YHTp12
    No
    Feb 12 0

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