If the business always loses money on a Sunday, then that’s information management could use to make a decision (such as closing on Sundays). For example, you could run a profitability report by the day of the week. Businesses naturally gather data in their day-to-day activities, which may be data on product sales, website traffic, spending on supplies, insurance claims, etc.īusiness analysis is the activity of converting data into something useful to the people who run the business. The number 1 use of MS Excel in the workplace is to do business analysis.īusiness analysis is essentially using collected data to inform decision making. We know this for a fact after analysing job data (using MS Excel). Some of the most common business uses of MS Excel are for business analysis, managing human resources, performance reporting, and operations management. It’s extremely popular in business because spreadsheets are highly visual and fairly ease to use. At a basic level, MS Excel is using for storing information, analysing and sorting, and reporting.
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