Caseware idea import excel spreadsheet software#
One major benefit of many recognised data analysis tools, like AuditWare’s very own IDEA Data Analysis software solution, is the built-in visualisation facilities on offer. That last point is key: “regularly and openly shared information about the organisation’s overall performance provided a significant positive impact on their productivity.” This desire to know more about the company’s performance applies even when the news is bad, with more than 90% of those polled stating that they would rather hear bad company news than be left out of the loop.Īll this goes to show the need for organisations to invest in a strong and flexible data analysis tool which allows companies to accurately and easily visualise their data, but why exactly isn’t Excel up to the job? Visualisation tools Over 50% of employees said that regularly and openly shared information about the organisation’s overall performance provided a significant positive impact on their productivity.25% of employees have, or know someone who has, left an organisation because they felt in the dark about the organisation’s performance or direction.Over 25% of employees saw company KPI data less than once every three months, if at all.
More than 80% of company employees said that they want management to share more information with them about business performance.Whilst there’s nothing wrong with spreadsheets per se, data visualisation and communication is not their strong suit, and this can have dire consequences for the morale and job retention of a given organisation.Īccording to a survey of 2,000 US and UK employees: In fact, some surveys suggest that as much as 20% of business are using spreadsheet programmes as their main data analysis tool. As a result, many organisations are using spreadsheet programmes (like Microsoft Excel) in order to compile, and then try visualise, their data in a way that can be understood by the people who need to see it.
But this new-found appreciation for data analytics does not automatically lead to a new-found understanding of just which tools are the best for the job. Nowadays organisations of all sizes are appreciating the value and importance of big data to a number of different departments within their business, from human resources all the way through to internal audit.