It has been well reported that spreadsheets can be hazardous to your business health. For example, a Fidelity Magellan Fund spreadsheet was off by $2.6 billion because of the omission of a minus sign.
More recently, we’ve heard how spreadsheets can also be hazardous to public health. An article in The Guardian titled: “Covid: how Excel may have caused loss of 16,000 test results in England” details how, as a result of a spreadsheet error at Public Health England, “50,000 potentially infectious people may have been missed by contact tracers and not told to self-isolate.”
Sometimes the best cure is an ounce of prevention. To better understand the dangers of using the wrong tool for the job, we urge you read our whitepaper. Find out all 6 ways traditional spreadsheets are hindering your potential and learn how Quantrix can help!
