Betting your business on a spreadsheet part II

In the August 2006 RIS News a Tech Trends Study provides a stark answer to our rhetorical question from just a few days ago.  “Are you betting your business on a spreadsheet?”  Well the survey’s are in, the numbers are counted, and the answer is YES.  According to the Tech Trends Study 57% of organizations are using spreadsheets as their primary analytics tool.  On the positive side of the ledger 37% of respondants said they already have a “BI workbench” in place.  “BI workbench” is a pretty broad term but it does at least indicate an investment has been made into improving analysis capabilities.

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