Have you invested in expensive reporting systems yet your business users are still doing a considerable amount of “cut, copy and paste?” of information in order to create your Corporater Performance Management reports? Well, I have two words for you: Epic. Fail.
Since its launch on a Windows platform in 1987, Microsoft Excel has gradually become omnipresent on business desktop environments. It is widely used in businesses of all sizes for data management, analysis and reporting. In a way, it can be considered the first Business Intelligence (BI) software product mass marketed.
Almost since its launch, Excel’s position in the market has been challenged by various products with advanced data integration and analysis functionality. Together, they formed the basis of the today’s BI market, by going through several successive phases:
1987-1996 Formation – initial product launches
1996-2005 Growth – product maturity and market formation
2005-2010 Consolidation – by various mergers and acquisitions involving the major software producers in the world.