Excel Usage

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Excel Usage

Some of the uses of Microsoft Excel in businesses include managing operations, managing programs, office administration, people management, project management, business analysis, strategic analysis, account management, contract administration, and performance reporting. Currently, Excel is used by over 750 million users around the world. However, we could not find information on the percentage of large enterprise companies that utilize Excel for any purpose. Below is a methodology that we used in an attempt to find the required information.

METHODOLOGY

Our first strategy was to check for industry reports from credible publications. Some of these sources include Statista, Reference, Bloomberg, PR News Wire, and Datanyze. These resources provided detailed information on large enterprise companies such as their revenue, net income, competitors, market share and number of employees. However, there was no information on their usage of Excel.

The second strategy was to focus on media publications such as the Wall Street Journal, Forbes, NY Times, Robert Half, Mallory and Irish Tech News. However, while some of these contained articles on Excel, most of them were focused on how Excel can be used in the workplace and not the percentage of usage by large enterprise companies.

The third strategy was to look at annual reports relating to Excel since it is a registered product of Microsoft. Our intention was to check for total sales relating to the product or a breakdown of current clients. Based on the list of clients we could calculate the percentage of large enterprise companies that use Excel. However, the reports by Microsoft did not mention Excel as a standalone product, and our search was futile.

Based on the lack of information using the above strategies we expanded our search to include data that is older than 24 months. However, we only found information relating to the estimated percentage of companies that use Excel. As such, we concluded that there is no precompiled information on the percentage of large enterprise companies that utilize Excel.

The next strategy was to attempt to triangulate the available information to find an estimated percentage. In this case, we picked a sample of 10 companies from the Fortune 1000 list and tried estimating the use of Excel among them using the 80-20 rule. However, no company stated such information on their website/annual report or investor presentations. There was no news article found for these companies as well that stated the use of excel among them from the NY Times, WSJ and The Guardian. Use of MS excel among the company employees was mostly stated among the job portals like Indeed, Linkedin. This states the skills of the candidate and that they should know Excel as a requirement for specific jobs, but counting all of them was not possible.

Looking through all Fortune 1000 companies also was not possible to provide an estimate of how many companies among them use Excel. We also looked for reports/articles to identify the number of companies that buy MS office suite/MS office 365 in an attempt to check if they state the companies/ percentage of companies or the number of companies that use Excel. But this data was also not available. As such, due to the lack of research/data in this area and niche market; we were unable to triangulate the usage of Excel among large companies.

Our final strategy was to attempt to find if there was any relevant information behind paywalls. The sources we checked include PR News Wire, Business Wire, and Euro Monitor. However, most of the information on these platforms was on Microsoft Office 365, and none contained details on the percentage of large enterprise companies that utilize Excel for any purpose.

In conclusion, we could not find the required information because usage of Excel by companies can be a niche segment and no pre-compiled reports have been published on it. Another reason might be because Excel is most frequently used by small companies and there are no statistics on usage by large companies. Due to the absence of the required information, we have presented our findings in relation to this research.

PERCENTAGE OF LARGE ENTERPRISE COMPANIES (SUCH AS FORTUNE 1000) THAT UTILIZE EXCEL FOR ANY PURPOSE

USEFUL FINDINGS

  • The top ten uses of Microsoft Excel in businesses include managing operations, managing programs, office administration, people management, project management, business analysis, strategic analysis, account management, contract administration, and performance reporting.
  • According to Forrester Research, Excel is used by 81% of all businesses. Similarly, the Houston Chronicle states that Excel is most frequently used by small businesses.
  • 92.6% of inexperienced users will use Excel less than a quarter of the time, with 80% of them using it once a week. On the other hand, 90% of individuals never use Excel and only 5% of the total employee time is spent on Microsoft Excel.
  • The main use of Excel is for compensation-related processes in 90% of companies. 63% of US-based companies also use Excel as their central planning and budgeting tool.
  • Among Canadian respondents, 68% of all firms use Excel. However, 69% of smaller businesses, that have annual revenues of less than $25 million use it as their primary tool in organizing their business affairs.
  • According to Satya Nadella, Microsoft’s CEO, Excel is the company’s most important consumer product given that it has 750 million users worldwide.

Sources
Sources