“for large spreadsheets, the issue is how many errors there are, not whether an
error exists.”
-Professor Raymond Panko.
There are many reasons why using spreadsheets to store & analyze a company’s
data is not the not the wisest practice.
Such as: important data is often hidden, their difficulty to be shared and
analyzed, loss of historical data, or simply because most people just don’t
like them.
According to Market Watch, mistakes may be found in up to 88 percent of
spreadsheets. When you think about it, it's hardly unexpected.
Cause,
after all, they're produced by people. It has been 36 years since excel was
created, new tools might have been added, but at the end of the day, it is
still manual input, which makes it vulnerable to human error.
In modern
days there are many innovative companies that provide solutions for firms
and corporations that want to make the data collection process easy,
accurate, time saving, & fun.
One of the solution providers is
ScoreCarts with its dynamic dashboard and readings.
ScoreCarts is a
data research and analysis company that introduced a system where data is
being collected by an AI model, then calculated, categorized, & listed in a
form of graphs, tables and charts which provides an above-human level of
accuracy. Scorecarts has made this pioneer software specifically for FMCG
brands, as it recognized their needs for an all-in-one system that is able
to gather gigantic amounts of data within seconds with the help of an
Artificial Intelligence model called (Bella), that is helping big brands
like Procter & Gamble which collects massive amounts of data and statistics
which are collected on a daily basis from retail spaces, such as their
On-Shelf-availability, Planogram, Retail Prices & more, and it simplifies it
in a way that saves them both time & resources and displays it in a way that
just cannot be easier to read as it focuses on the visuals, due to the fact
that half of the human brain is directly or indirectly devoted to processing
visual information.
Stop Using Spreadsheets
October 18,
2021