5 underutilized Excel features to take advantage of

11 May 2013
The following are the top 5 Excel features I use on a constant basis to get the most out of my data:
- What-If analysis.
- Sparklines.
- Conditional formatting.
- Format as table.
- PivotTables.
Caulkins, Morrison, & Weidemann (2006)People tend to believe their spreadsheets are more accurate than they really are.
Irons (2003)Spreadsheet errors are pervasive, stubborn, ubiquitous and complex.
Panko & Halverson (1996)Every study that has looked for errors has found them... in considerable abundance.
Mireault & Gresham (2015)Spreadsheets are often hard, if not impossible, to understand.
Krishna, et al (2001)Programmers exhibit unwarranted confidence in the correctness of their spreadsheets.
Panko (2013)It is irrational to expect large error-free spreadsheets.
Abreu, et al (2015)Despite being staggeringly error prone, spreadsheets are a highly flexible programming environment.
Paine (2001)Spreadsheets are alarmingly error-prone to write.
Colbenz (2005)Errors in spreadsheets are as ubiquitous as spreadsheets themselves.
Powell, Baker, & Lawson (2009)1% of all formulas in operational spreadsheets are in error.
Beaman, et al (2005)Errors in spreadsheets... result in incorrect decisions being made and significant losses incurred.
Ayalew (2007)A significant proportion of spreadsheets have severe quality problems.
Abraham & Erwig (2007)Spreadsheet errors have resulted in huge financial losses.
Bock (2016)Spreadsheet development must embrace extensive testing in order to be taken seriously as a profession.
Panko (2008)94% of the 88 spreadsheets audited in 7 studies have contained errors.
Hermans & van der Storm (2015)Spreadsheets are the most popular live programming environments, but they are also notoriously fault-prone.
Abreu, et al (2015)Spreadsheets can be viewed as a highly flexible programming environment for end users.
Bishop & McDaid (2007)The quality and reliability of spreadsheets is known to be poor.
Reschenhofer & Matthes (2015)Spreadsheet shortcomings can significantly hamper an organization's business operation.
Caulkins, Morrison, & Weidemann (2008)Spreadsheets are commonly used and commonly flawed.
Chadwick (2002)Spreadsheet errors... a great, often unrecognised, risk to corporate decision making & financial integrity.
Kulesz & Ostberg (2013)Spreadsheets are more fault-prone than other software.
Nixon & O'Hara (2010)It is now widely accepted that errors in spreadsheets are both common and potentially dangerous.
Panko (2007)The issue is not whether there is an error but how many errors there are and how serious they are.
Nixon & O'Hara (2010)Spreadsheet errors are still the rule rather than the exception.
Abraham, et al (2005)Spreadsheets contain errors at an alarmingly high rate.
Sajaniemi (1998)The results given by spreadsheets are often just wrong.
Panko (2014)Despite overwhelming and unanimous evidence... companies have continued to ignore spreadsheet error risks.
Mireault (2015)Developing an error-free spreadsheet has been a problem since the beginning of end-user computing.
Price (2006)The untested spreadsheet is as dangerous and untrustworthy as an untested program.
Cunha, et al (2011)Spreadsheets are notoriously error-prone.
Panko (1999)Every study, without exception, has found error rates much higher than organizations would wish to tolerate.
Howard (2005)Spreadsheets... pose a greater threat to your business than almost anything you can imagine.
Caulkins, Morrison, & Weidemann (2006)Your spreadsheets may be disasters in the making.
Sakal, et al (2015)Overconfidence is one of the most substantial causes of spreadsheet errors.
Raffensperger (2001)Never assume a spreadsheet is right, even your own.
Chen & Chan (2000)Spreadsheets are easy to use and very hard to check.
Burnett & Myers (2014)The software that end users are creating... is riddled with errors.
Csernoch & Biro (2013)Studies have shown that there is a high incidence of errors in spreadsheets.
Galletta, et al (1993)Even obvious, elementary errors in very simple, clearly documented spreadsheets are... difficult to find.
Teo & Tan (1999)Most executives do not really check or verify the accuracy or validity of [their] spreadsheets...
Miller (2005)Untested spreadsheets are riddled with errors.
Dunn (2010)Spreadsheets are extraordinarily and unacceptably prone to error.
Panko & Ordway (2005)Most large spreadsheets have dozens or even hundreds of errors.
Kruck & Sheetz (2001)...few incidents of spreadsheet errors are made public and these are usually not revealed by choice.
Durusau & Hunting (2015)Spreadsheets are dangerous to their authors and others.
Rust, et al (2006)Spreadsheets have a notoriously high number of faults.
Panko (2015)Research on spreadsheet errors is substantial, compelling, and unanimous.
Ross (1996)A lot of decisions are being made on the basis of some bad numbers.
Murphy (2007)60% of large companies feel 'Spreadsheet Hell' describes their reliance on spreadsheets.
The following are the top 5 Excel features I use on a constant basis to get the most out of my data: