Excel-based IT sourcing decisions could lose businesses millions

Introduction

Every day critical largescale IT decisions are made without being based on adequate data analysis. This is due to the lack of companies using specialist tools and instead relying on calculations and modelling performed in Microsoft Excel. This reliance on Excel has become the weakest link in today’s decision-making process that drives hundreds of billions of dollars of investment decisions.

Significant decisions on important initiatives such as Cloud Sourcing, Digital Transformation and Outsourcing require a large amount of data analysis, both to justify them, but also to ensure that they meet their intended outcomes. Typically, this data analysis and modelling is performed in Microsoft Excel, which therefore relies heavily on the skills of the user, but also results in a number of limitations.

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