Excel Is The Destroyer Of Worlds
May 3, 2013
Who would have though a simple Microsoft spreadsheet program would be the downfall of the entire world? Well it is in Fortune’s, “Damn Excel! How The ‘Most Important Software Application Of All Time’ Is Ruining The World.” While rampant poverty, war, and environmental issues are still global crises, Excel is being blamed for the US’s weak economy recovery, Europe’s growth problems, and other world financial issues. It boils down to smart people not knowing how to use the program.
“Prominent financial blogger James Kwak calls Excel “one of the greatest, most powerful, most important software applications of all time.” But perhaps we ask too much of the program, or perhaps of our ability to cut and paste. In the past few years, Excel has been implicated in some of the biggest blunders on Wall Street and in finance in general.”
The Barclays purchase of Lehman Brothers, Utah schools falling short on enrollment numbers, Fannie Mae, MF Global’s failure to improve end user tools, and the JPMorgan Chase trade loss are all attributed to Excel errors. With all this great technology that is supposed to wipe away human error, it still exists and apparently is doing more harm on a greater scale.
Whitney Grace, May 03, 2013
Sponsored by ArnoldIT.com, developer of Beyond Search
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To err is human. But to REALLY foul things up, you need a computer!
The thing is, Excel doesn’t make mistakes. Excel spreadsheet users can make thousands of mistakes a second.