It can’t be denied that technology has allowed organizations to streamline processes and operations, allowing for better efficiency and productivity. Instances range from data solutions such as cloud storage to collaboration applications like social networking sites. Other applications also include data management such as spreadsheets applications.
Spreadsheets refer to an electronic document consisting of rows and columns wherein you input and manipulate data. On top of this, various features have been created and made available over the years, such as plug-ins and programming, allowing you to integrate them into your company’s workflow. On that thought, one of the spreadsheets software commonly used by students, professionals, and businesses alike is Microsoft Excel.
Excel is widely used in different aspects of businesses with some of its uses being the management of risks, finances, and projects within the company. If you’re reading this, chances are you’re already using Excel for school, work, or business. However, in terms of what skill to work on, you’re probably wondering if learning advanced Excel formulas is worth it.
Finding Excel Hard? Consider Taking A Course
If you’re struggling with learning the complexities in Excel, then you may benefit from someone teaching you the fundamentals in a course. Taking an advanced excel course from Acuity Training can be a great way to learn some of the more complex features in Microsoft Excel, which can help you improve your day-to-day workflow, and improve your career prospects.
Taking this course will significantly help you learn more about the complex features of Microsoft Excel that can help with your daily workflow and improve your career prospects. An online course may be for you if you prefer to have a more structured learning environment with guidance from a teacher.
Below are some reasons why taking a course or learning advanced Excel formulas is worth your time:
1. Boosts Your Productivity And Efficiency
The first reason why you should learn advanced excel formulas is to boost your productivity and efficiency. This is because advanced formulas allow you to perform data analysis, complex calculations, and other tasks more efficiently. Furthermore, it also allows you to be more organized as these formulas simplify the way you process data. Consequently, you’ll see your spreadsheets become cleaner and easier to read, which is helpful when you have to present them.
With advanced Excel skills, you can better analyze your progress. With this, you can see how productive you’re being and how you can improve. This can also be especially useful for business owners hoping to improve their organization’s productivity based on the related data that is gathered. If you are a business owner, you may also benefit from advanced Excel skills as it helps you manage the finances of your company more efficiently.
However, it’s worth noting that you don’t need to have a business-related job to benefit from Excel and use advanced formulas. For instance, journalists can use Excel to handle large amounts of information and be more organized. Meanwhile, teachers may use Excel for creating and tracking their plans for the lessons that they’re about to give. They may also use it to compute the grades of students.
2. Increases Your Opportunities
The next benefit of learning advanced Excel formulas is that it increases your opportunities. This may mean you become more valuable to employers, giving you more career options and a higher salary. It may also mean better chances of being promoted in your current company.
This is because advanced Excel skills are a highly sought-after skill by employers given the growing need for data analysis and visualization. Aside from that, data analysts are becoming more and more in demand. As such, if you’re hoping to transition into a more technical, data-related role, learning advanced excel formulas may help with preparing for the career transition.
On the other hand, you may instead be vying for career growth in the company you’re already in. As such, learning advanced Excel formulas will help you get considered for a higher position in finance, project management, and more. For instance, in finance, you may use advanced formulas like XNPV and XIRR which allows you to apply specific dates to each cash flow being discounted.
While Excel is widely used in businesses now, you’ll find that only a few actually have advanced Excel skills. Hence, you can take it as an opportunity to network with others. You can also add it to your resume and specify the advanced formulas you know and how much can be helpful for a company or business.
3. Improve Your Personal Finance Skills
If improvement and growth are your objectives, then this may be a great reason for you to learn advanced Excel formulas. More specifically, you can use it to improve your personal finance skills.
While saving and budgeting are important skills that you may already be familiar with, you can use Excel to take it to another level. You can also use it to track your expenses. Once you set up an Excel sheet for your personal finances, you can have a better look at the state of your financial health. It can show you what your recurring expenses are and which items you can cut back on to save money. Additionally, you can use it to calculate your net worth.
Essentially, compared to other financial literacy tools, Excel, along with its advanced formulas, will equip you with a finance tracking tool that is specifically tailored to your needs. By using Excel for your personal finance, you can improve the way you reach your financial goal whether it’s saving for a dream home or paying off your debts.
In Summary
Technology, mainly software, is being used more and more in organizations everywhere. This is because it has allowed for efficiency and productivity in various aspects of the company such as data management. A spreadsheet application allows users to create documents with grids where data can be stored and presented in a simplified manner.
That said, using spreadsheet software like Excel doesn’t require a lot of skills. One can simply input data on each cell and present information as it is. However, learning advanced formulas and maximizing their features can do wonders for businesses and personal growth. Hopefully, the list of reasons above has helped you consider if improving your excel skills should be your next move.
