Why Learning Advanced Excel Course is so important in this era of Intelligent Data Analysis
Having only the baseline knowledge and skills in Excel is no longer sufficient enough if you are looking to grow into a successful business analyst. In a world dominated by data science and data visualization techniques, learning advanced excel skills could help analyst crunch hard numbers and data faster, eventually leading you to drive the core of all data-based departments, including Accounts, HR, Marketing and Sales, and Contact Management centers.
A large part of the industry still relies on advanced Excel programs to run their daily and monthly data management projects that are presented as spreadsheets. The mid-level Excel skills help data analysts manage data using functions like sorting, summarizing, filtering, the Pivot Tables and importing data from external sources into basic Data List Management projects.
So, what are the Advanced Skills you should learn in Excel course?
With growing impetus to data management, Advanced Excel Course providers in India have started putting intense focus on segregating and refining excel functions for business analysis at different levels.
According to the top sources in the industry, every entry level data analyst is required to be proficient in these advanced Excel functions.
INDEX MATCH – For comparing and matching the entries in any two cells of the spreadsheet, analyst use INDEX and MATCH functions to return the value and position of the cell in a row or column. An advanced function to VLOOKUP and HLOOKUP, INDEX MATCH is a powerful data processor, giving results 30-40% faster than VLOOKUP.
There are hundreds of Advanced Excel functions and XNPV is one of them that is used extensively by data analysts to specify exact dates corresponding to discount rates, cash flow and a series of dates corresponding to the each cash flow. It is an advanced version, and faster processor compared to NPV function. In financial analysis, XNPV has far-reaching benefits recommended highly over NPV and IRR functions (date-less entries).
Apart from date-based functions, there are many more Advanced Excel functions that you can master in a course, which include Tables and Formatting, Conditional Formatting and Auditing.
Conditional Formatting, for instance, is among the most under-utilized tools of Advanced Excel program. By using this super-fast analysis, analysts can easily highlight the portions in the data sheet that meet your applied conditions. This also allows you to highlight false statements, duplicate entries and apple forward iterations to other functions like Charting and Pivot Reporting.
As we discussed about Pivot and Reporting skills, you ought to know and explore the advantages of deploying this wonderful function for summarizing the various metrics in the same spreadsheet.
Advanced pivot skills would entail you to apply functions for Pivot slicers, report filters and more.
In 2019, it’s not enough to learn hundreds of Advanced Excel Course skills. An advanced excel user would also know when to apply these functions and work around Big Data algorithms to build visualizations, customization and make every data sheet look sleek and smart.