In this article, I will show you how to use Power Pivot basics to overcome common Excel issues and take a look at additional key advantages of the software using some examples. Despite its release eight years ago, however, most financial analysts still do not know how to use Excel Power Pivot, and many do not know it even exists. Power Pivot offered next-generation business intelligence and business analytics functionality to Excel in its ability to extract, combine, and analyze almost limitless datasets without processing speed impairment. In 2010 however, Microsoft added a new dimension to Excel, called Power Pivot. More specifically, older-generation Excel’s infrastructure and processing limitations such as its row-limit of 1,048,576 rows, or inevitable processing slow-down where large data sets, data tables and interconnected spreadsheets are concerned, reduced its usability as a effective big data tool. With the arrival and exponential growth of big data, however, driven by decades of data aggregation and accumulation, the advent of cheap cloud storage and the rise of the internet of things-i.e., eCommerce, social media, and the interconnectedness of devices-Excel’s legacy functionality and capabilities have been pushed to their limits. The Emperor’s New Clothes: Excel Power Pivot TutorialĪcross the various fields and sub-sub-fields that span finance, financial analysis, financial markets, and financial investing, Microsoft Excel is king.
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