Microsoft Excel is no doubt one of the best software that can be used by a developed or developing business. Microsoft Excel is a spreadsheet that is developed by Microsoft to fulfill the spreadsheet needs of any business. It comes with a number of features like pivot tables, calculations, graphing tools, and also a macro programming language called Visual Basic for Applications. Microsoft Excel is the most popular spreadsheet application in the market and is widely used all around the world by businesses of all sizes.

Microsoft Excel also provides the following three important functions:

• Data Auditing
• Data Mining
• Data Reviewing

Data Auditing

While using a spreadsheet it is very common to have errors and flaws in design of the spreadsheet. For this reason it is important to be aware of the various steps that can be taken to prevent these errors and to create a more reliable model. Microsoft Excel provides some tools that can be used to scrutinize spreadsheets and refine the calculations and processes being performed.

For thorough information about the cells:

• Cell Comments

You can add comments to the cell in order to provide some documentation about the values in the cell. Do this by right-clicking on the cell and then selecting Insert Comment.

• Cell Formatting

You can view the formatting applied to the cell by clicking the cell and then selecting Cells from the Format menu.

• Cell or Range Name

Click the cell to find out if a name refers to a cell.

Data Mining

The Data Mining Client for Excel is a collection of tools that can be used to execute some common tasks of data mining. These tasks can range from cleansing of data to model building and prediction of queries. With these tools you can find out the patterns that exist in complex data, envision those patterns in charts and other interactions, and then present those patterns for business analytics.

The Data Mining Client for Microsoft Excel provides the following features:

• With the Data Mining Client for MS Excel you can get better access to data stored. Along with this you can the Data Mining client also helps to cleanse and manage data efficiently. It is the best way to prepare data analysis without the need for complex scripts.
• Tools provide wizard interfaces to data mining algorithms including time series analysis and decision trees.
• Industry-standard tools are provided by the Data Mining Client for the testing, prediction, and validation of data.
• Visualizing and reporting of data is also made easier with the help of this Client.
• With this Client you can maintain an active connection to the server to help in better scalability.

Data Reviewing

Microsoft Excel is also efficient in case of data reviewing.  A Review Tab is provided to help users access and review data faster and more efficiently. There are 3 groups in the Review Tab:

• Proofing

This group has commands for checking the grammar and spelling of your data. It also allows you to access the Thesaurus and provides the ability to translate from one language to another.

• Comments

This group comes in handy when working on a complex project with several people. It helps you to add notes and user information so you can keep track of all your fellow users.

• Changes

This group enables you to protect your workbook from accidental changes, protect your sheet, protect and share your sheet and much more.

All in all Microsoft Excel continuously strives to ensure that you have the best features to benefit your business. MS Excel is surely one of the best application programs in the market.