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by blumkvist
4133 days ago
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There are a plethora of plugins to do monte-carlo simulations, linear programming, statistical models and anything else a business user would do in the data analysis world. Vendors include SAS, Oracle, IBM, Predixion. Also Excel is used as a self-service BI tool. It has ETL, OLAP and dynamic dashobarding. |
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Excel (and other spreadsheet packages like Calc) are good for non technical users it's useful for rapidly prototyping stuff but it is absolutely a pain for automation and any type of statistical heavy lifting. Once a spreadsheet reaches a certain level of complexity it becomes a pain to support and maintain much better to have a real database driving things.
I've heard a lot about R which is kind of an open-source version of SAS (at least the statistical parts) not sure what its automation and reporting support is like my limited understanding is it doesn't have the BI parts.