An Industry Survey of Analytics Spreadsheet Tools
An Industry Survey of Analytics Spreadsheet Tools
An Industry Survey of Analytics Spreadsheet Tools
Queen E. Booker
[email protected]
Department of Management Information Systems
College of Management
Metropolitan State University
Minneapolis MN. 55403, USA
Hayden Wimmer
[email protected]
Department of Information Technology
Georgia Southern University
Statesboro, GA 30460, USA
Steve Levkoff
[email protected]
Knauss School of Business
Department of Economics
University of San Diego
San Diego, CA 92110, USA
Mark McMurtrey
[email protected]
School of Business
University of Central Arkansas
Conway AR 72035, USA
Abstract
Spreadsheets have long played a key role in business decisions and operations. The use and adoption
of data analytics has substantially increased over the last few years and amplified this role. Spreadsheets
are often a first tool for data analytics as such applications provide ease of calculation with basic statistics
and chart development. For much of the last two decades universities have provided training in Microsoft
Excel because that was what companies used and demanded. Since mid-2020, there has been an
increase in use of Google Sheets causing some faculty to believe that MS Excel should be replaced.
Faculty should always be aware of current and future employer demands and ensure programs meet
the expectations of both employers and recent graduates. This study reviews business job postings
seeking employees with two or fewer years of work experience between 2019 and 2021 and examines
demand for spreadsheet application experience. Results overwhelmingly indicate that Microsoft Excel
still is the most required spreadsheet application by employers. Faculty should pause before changing
MS Excel training or removing certifications.
Keywords: Curriculum, Spreadsheets, Skills, Position Analysis, Business Education, MS Excel, Google
Sheets
Spreadsheets
Since 1969 there have been many spreadsheet
applications. Some programs got their start as in-
house programs such as Autoplot (General Figure 1: Share of people who use
Electric), APLDOT (US Railway Association), while spreadsheet software in Finland, 2019
others obtained more commercial success and
adoption such as VisiCalc, SuperCalc, Lotus 1-2- A few others have tried to determine the actual
3, Microsoft Excel, and Google Sheets. It seemed number of users for spreadsheet software
as if the spreadsheet software world was like that programs. For example, in 2017 Simon Cocking
of worldwide boxing champions with each from Irish Tech News wrote about seven reasons
newcomer knocking off the reigning king. that a half a billion people still used Excel. Joseph
(2021) estimates that there are 750 million to 1.2
Research and practice have demonstrated that billion Microsoft Excel users and over 2 billion
spreadsheet software can be robust and versatile. Google Suite users world-wide. Elizabeth Gration
For example, Grossman et al. (2007) investigated (2022) reported that 1 in 8 people use Microsoft
18 different cases in the areas of application although her numbered quote included the entire
software development, executive information Office Suite.
systems, financial risk management, sales and
marketing business processes, business In fact, one of the challenges with determining
operations, and complex analytics. They found actual Excel and Google Sheets numbers stems
that spreadsheets could be more strongly from difficulties determining which exact product
protected as Excel contains tools to keep the in the Microsoft Office Suite or Google Suite is
developer’s source code protected. Large being used. Hjalmar Gislason (2018) discusses
complex spreadsheets can require programming how it is hard to differentiate between paying and
skills similar to a Fourth Generation and Rapid free accounts as well as the inclusion of GMAIL in
Development Language operating in an the Google Suite. To address this, Gisalsson
Integrated Development Environment. applied a 2/3 estimate reduction in numbers
when comparing MS Excel (800 million) and
Reschenhofer and Matthes (2015) discussed how Google Sheets (160 million).
spreadsheets have capabilities like formulae and
macros to support complex calculations or Gilasson (2018) provides an enlightening
automate processes, and spreadsheets have description of Microsoft Excel and Google Sheets
become an indispensable as a comprehensive users and is visually summarized in Figure 2. He
medium for data management and analysis. talks about how more young people and young
Frownfelter-Lohrke (2017) reported that if companies use Google Sheets while older and
companies did not create good spreadsheets or more mature companies use Microsoft Excel. He
conduct thorough spreadsheet analysis then their reports that Excel is more sophisticated and
preferred by ‘pros’ where Google sheets is more them to predict the future of Excel in Business
sluggish but good for quick and simple items. He Intelligence. Appendix 2 presents a few of the
also did note that Google sheets works better for quotes from the experts. 25 out of 27 felt that
collaboration and that even the pros were found Excel would always be important, at the heart of
to ‘sneak’ using Google sheets from time to time. data analytics and highly used and valued.
Nina Semczuk (2020) provides support for
Gilasson’s claims by confirming the benefits of The main differences noted between Microsoft
collaboration in Google Sheets as well as pointing Excel and Google Sheets were cost, maximum
out how frequently Google Sheets gets updated cells per sheet, the robustness, automatic file
and works well with real time data. saving, large datasets, the ability to collaborate
effectively, and certification.
Raglan and Ramachandran (2014) investigated From the certification perspective, Clairborne
student’s perception of their MS Excel knowledge (2017) did a comprehensive review of employers
and perceived readiness for accounting positions. and employer desired certifications in prospective
Their study was helpful in aligning the skills employees. They discovered that spreadsheet
perceived as necessary and important by new skills were viewed very positively, and the
hires with those of current students. They also Microsoft Office Specialist (MOS) Exam in Excel
found that Excel is the most common analytical was considered the most valuable out of all the
tool used by accountants, that public accounting Microsoft Office suite products. Rebman et al.
firms are emphasizing an interest in recruiting (2019) found that certifications help prepare
accounting students with proficiency in Excel, and students to compete in competitive job markets
they want to hire new staff who know MS Excel. and showcase their marketability while they are
still in school.
Lee et al. (2018) reviewed job postings and
surveyed accountants. They found that over 50 Most of the studies involving Google Sheets were
percent of postings required spreadsheet skills, focused on introducing a new alternative to Excel
specifically MS Excel. They found that most or how to apply Google Sheets to classroom
accountants felt that spreadsheet skills were very instruction. For example, Parra et al. (2021)
important. Their study even identified specific created a teaching case to teach cloud-based
skills in MS Excel such as ‘Lookup and Pivot Google Sheets using Shippy Express. The goal of
Table’, ‘Data entry, format, and calculations’, and the teaching case was to have students use
‘Logic’ as necessary for new hires. Their results Google Sheets to develop summaries of their
further indicated that “educational institutions financial transactions to help them make
should place emphasis on spreadsheet training decisions. Blair and Mahoney (2022) present a
for accounting students, if they have not already method for using Google Sheets to provide a
done so” (Lee et al., 2018). step-by-step system for creating graphs for
research designs and clinical applications.
Many of the studies on how to teach spreadsheets Ovezmyradov (2020) illustrated a way to use
to students are predominately focused on Google Sheets to teach the classic supply chain
Microsoft Excel. Barreto (2015) provided an beer game.
interesting review of Microsoft Excel pedagogical
history in Economics. They found spreadsheets There were a few studies that conducted
improve learning outcomes across the Economics comparison studies. Lawson et al. (2009) to 1600
curriculum and are increasingly being used. His subjects and put them into two groups of
article was relatively unique in that it did not focus spreadsheet level and found that people with
on a specific application or example which is more spreadsheet experiences and training did much
common in the literature. Barreto (2022) also better. They also found that corporate culture
published a paper using Microsoft Excel to teach played a role and those who valued training had
microeconomics. more advanced users. It was unclear if other
companies relied on new hires to have
In addition to Economics, studies were found for spreadsheet experience. This was one of a few
using Microsoft Excel to teach in other domains. studies by the Spreadsheet Engineering Research
For example, Divisi et al. (2017) presented a Project
paper on statistics and how Microsoft Excel has (http://mba.tuck.dartmouth.edu/spreadsheet/)
functions to help with learning statistical and focused on Microsoft Excel.
processes. Chaamwe and Shumba (2016) wrote
a paper using Excel to teach statistics in an e- However, the lack of research on spreadsheet
learning environment. Khan (2007) wrote about usage has not gone unnoticed. Grossman (2007)
using Excel to teach physics. Al Rawahi et al. commented on the lack of spreadsheet research
(2006) demonstrated Excel in math. Munisamy in comparison to research on other programming
(2009) showed how Excel could be of benefit to languages despite its wide use and impact on
operations research. Willis (2016) implemented business. Today there are still gaps in
Excel in accounting information systems. spreadsheet research, specifically as it relates to
Mangeiro et al. (2010) provided an example of a determination on the more preferred
using Excel in a financial management class. spreadsheet software of business, and trends in
Conant and Chaille (2022) created an excel-based spreadsheet skills, knowledge, and abilities.
classroom exercise to demonstrate an asset There is a fair amount of Reddit chat boards or
depreciation method comparison. simple blog reviews and not so much in peer-
reviewed research. This study seeks to address
this gap in research.
or preferred knowledge, skill or ability more often chain, logistics, economics, human
than Google Sheets. Thus, the next research resources
question and hypothesis are: • Degree restriction: Bachelor’s required or
preferred
2. Do employers prefer Microsoft Excel skills • Experience restriction: Two years or less
over Google Sheets skills?
This extraction resulted in 21,398 non-duplicated
H2: The prevalence of MS Excel knowledge, skills position descriptions of which there were 5,970
and analysis is significantly higher than Google positions for 2019, 7528 for 2020, and 7900 for
Sheets in positions posted. 2021. There were 284 remote positions posted in
2019, 2160 in 2020 and 1794 in 2021. Table 1
Since Google Sheets was initially designed as a shows the breakdown in position descriptions that
collaborative tool (Simplilearn, EDUCBA, and requirements for general spreadsheet, data
WallStreetMojo.com), it may be considered a analytics and collaboration skills.
stronger collaborative tool than Excel. Although
collaboration is an expectation in the workplace in COLLAB- DATA SPREAD-
general, the increase in remote work during 2020 YEAR ORATION ANALYTICS SHEETS
and 2021 may have created a demand for the 4047 1061 4378
ability to collaborate electronically including using 2019 (43%) (11%) (46%)
tools such as Google Sheets. 5502 1426 5777
2020 (43%) (11%) (46%)
Thus, it seems relevant to analyze if there is 5672 1646 6402
correlation between the spreadsheet tools and 2021 (41%) (12%) (47%)
work environment expectations such as
TOTAL 15221 4133 16557
collaboration and working remotely. The next
Table 1: General Skills Requirements 2019-
research questions and hypotheses studied were:
2021
3. Do employers who list positions as remote
prefer Microsoft Excel or Google Sheets? The positions were analyzed using text extraction
to identify the keywords relevant to the study.
H3. There is no significant correlation between The keywords used for the extraction tool were
collabor* for collaboration, remote to identify
remote work environments and preference for
remote positions, Microsoft+Excel,
Microsoft Excel or Google Sheets in posted job
positions. Google+Sheets, data+analytics, visualization,
charts and or graph for charts; pivot+tables,
4. Do employers who list collaboration as a statistics and/or data+analysis for data analysis;
required or preferred skill prefer either and spreadsheets for spreadsheets-general. If a
keyword was found in the position description,
Microsoft Excel or Google Sheets?
the observation was coded with a 1, and 0
H4. There is a higher correlation between otherwise. The final list of variables was YEAR, MS
collaboration skills and Google Sheets than for EXCEL, SHEETS, REMOTE, COLLABORATION, and
collaboration skills and Microsoft Excel. DATA ANALYTICS.
Several statistical methods were used to address All the variables except YEAR were coded as
binary (0,1). The breakdown in positions that
and provide a response to the four research
specific Microsoft Excel and/or Google is shown in
questions. We analyzed job postings from
Indeed.com for the years 2019 to 2021. Table 2. Figure 3 presents the most frequently
occurring software requirements overall job
Indeed.com is a free service to job seekers, postings over the years 2019-2022 and illustrates
where employers post position openings and how Excel has held a steady rate while Google
applicants can upload a resume, create job alert Sheets experienced an increase between 2020
and 2021. It is important to note that many
emails, search for jobs, save them and apply to
people were forced to work remotely in parts of
them directly. (Indeed.com, 2022) Positions were
extracted from the indeed.com data using the 2020 and 2021.
following requirements:
The variables were analyzed using parts of the Correlation Matrix for 2021
approach in Uğur, & Hamit Turan (2019). Since
Tool Remote Work Collaboration
all the data is binary, the statistical analysis used
Google
t-tests for those hypotheses that compared pairs 0.019 0.16
Sheets
of data and correlation for the hypotheses that
Microsoft
focuses on relationships between values. 0.013 0.13
Excel
Table 5: Correlation Matrix for 2020
4. RESULTS
The t-tests comparing Google Sheets demand to
The data variables analyzed in the study were MS
MS Excel demand had a p-value of .000 with
EXCEL, GOOGLE SHEETS, SPREADSHEET-
means of .3 and .6, respectively. The t-test
GENERAL, REMOTE, CHARTS, COLLABORATION,
comparing Google Sheets demand, MS Excel
and DATA ANALYTICS.
demand, data analytics demand, and
spreadsheet-general demand between 2019 and
A correlation matrix was created for the variables
2021 found all the comparisons to be significant
to determine the strength of the relationship
with p-values of .000 with higher means for 2021
between remote work, collaboration and the two
than for 2019.
tools. The correlation between remote work and
Google Sheets was .038 as compared to .014 for
The last t-test compared the 2019 and 2021
remote work and MS Excel indicating that Google
demands for general spreadsheet skills, data
Sheets was a slightly more preferred tool than
analysis and charts. The results indicate higher
Excel for those working remotely. Similarly, the
demand in 2021 than in 2019 for each as follows:
correlation between collaboration and Google
Sheets was .17 as compared to .16 for
• Data analysis had p-value of .000 with
collaboration and MS Excel, indicating that Google
means of .6 and .45, respectively
Sheets was a more preferred tool than Excel for
• Charts had p-value of .000 with means of
those positions stating collaboration as a required
.56 and .31, respectively
or preferred skill – but not by much.
• Spreadsheet-general had a p-value of
.000 with means of .7 and .56,
However, when the correlations were performed
respectively.
by year, the correlation between remote work and
Google Sheets increased from .002 in 2019 to
Based on the results, all hypotheses can be
respectively to .019 in 2021 as compared to
accepted. However, for the question of
.0024 in 2019 to .013 for Excel and remote work
prevalence of MS Excel or Google Sheets, it
indicating that Google Sheets is growing faster as
should be noted that based on the trend analysis,
Google Sheets demand is growing slightly faster Further, 2020 and 2021 represent the two years
than MS Excel as a knowledge, skill or ability and with most companies asking workers to work
that growth is correlated with growth in remote remotely due to a pandemic. This may artificially
work. impact positions’ demand for remote work and
collaboration. We also intend to examine the
Further, the results also suggest that faculty 2022 data to determine if the trends found for
should be cognizant of the trends for increasing 2019 through 2021 continued in 2022.
demand for data analysis skills and spreadsheets
skills in general, as well as the increase in Although the data was validated with three people
demand for collaboration skills and the number of reviewing a random selection of the observations
positions that allow for remote work. There for algorithm accuracy in extracting results, it is
should be curriculum consideration of a balance likely there are other keywords that were missed
between face-to-face and remote work in that might suggest a preference for specific data
programs to ensure students become comfortable analytics or analysis skills.
with both. Also, faculty should analyze and ensure
sufficient collaborative projects that require Another limitation is the scope of this study.
online and face-to-face interactions to help Examining job postings only partially answers the
students build collaboration skills in both question of which software program should be
environments. Lastly, faculty should examine the taught. Companies have cultures to which have
depths and applications of data analysis and their own norms and behaviors and can influence
spreadsheet skills throughout the curriculum to decision making. Surveying employers on their
ensure that students are exposed to a variety of software preference, value, and adoption could
skills including but not limited to statistical also help provide more answers as to what should
analyses such as trend, descriptive statistics, and be taught.
regression; pivot tables; and effective chart and
graph techniques. Lastly, previous studies (Bakir et al., 2019;
Rebman et al., 2021; Tastle et al., 2017) have
As to whether there should be an emphasis on discussed Microsoft Excel certification curriculum
Microsoft Excel or Google Sheets, though, the programs and their impact on producing strong
answer is less definitive. Although Microsoft Office Excel knowledge workers. Future research would
365 was introduced in 2011, it has increased its be helpful to determine if employers reported the
collaborative tools with Teams and OneDrive, and having the same perception and value of MS Excel
offers multiple ways to share documents. certified employees. It would be interesting to
However, the ability to simultaneously edit combine the results of employer preference to
documents in Google Suite is probably one of the employer perceived value of certification and
reasons that demand for Google products is compare it with employer job postings. Such are
increasing. Further, this analysis was a national questions we learned from this study that we plan
view rather than a regional view. Faculty are to address in the future.
encouraged to analyze the position descriptions
for their regions to determine if the national 6. CONCLUSION
results hold true for their specific region.
This study was conducted as a response to
5. LIMITATIONS AND FUTURE RESEARCH questions regarding curriculum, specifically
whether Microsoft Excel should be taught or
This study provided a US-based lens for specific replaced with Google Sheets. The results
skills for new university bachelor-level graduates. reinforce previous studies in that MS Excel is still
While a national view is helpful, individual preferred over Google Sheets, at least in terms of
campuses would benefit from an analysis based job postings. The increase of remote jobs
on the student population it serves. For example, indicates that Google sheets should not be
if the student population is largely regional, then disregarded. As companies determine their new
a regional perspective is needed. If the student normal, there may be increased demand for
population has a significant percentage of products that promote and support collaboration
international students, then a global perspective the way Google products do.
should be considered. This is perhaps the highest
limitation of the study. The data is also from one As technology changes, it is important that faculty
source. One of our next steps is to analyze the analyze regional or local trends to determine if
data by states or cities and compare regional their respective curriculums adequately address
expectations. knowledge, skills and abilities required by
employers. However, there doesn’t appear to be
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Tool for
Superior for data visualization Only simple chats, Gantt or
Statistical
since many formulas are built-in a flow chart must be done
Analysis &
in Microsoft Excel. manually
Visualization
Linkage/sync
Data can be imported
with external Data needs to be imported
directly from Internet
data
Excel continues to be the #1 platform when it comes to analyzing data, finding information,
preparing charts and presenting them to decision makers. In that sense, I see Excel playing a strong
role in BI workflows in future.
/* -Purna Duggirala */
Excel will be right where it always has been – at the center, loved by its users, disliked by IT and the
target of endless attempts to replace it by third party BI software vendors.
/*- Chris Webb*/
BI makers understand that Excel is here to stay, it is versatile and works excellently with the web
and BI systems.
/* – Tom Urtis*/
The addition and integration of the new Power BI tools within Excel really opens up the possibilities
for any type of analyst or everyday user to get involved in Business Intelligence.
/* – Jon Acampora*/
Not everyone works with millions of rows of data. What matters to everyone, anywhere, is what
they can do with the data.
/* – Andrew Engwirda */
The user will ultimately define how Excel fits into the BI workflows. It could happen at any point in
the BI process.
/* – Jordan Goldmeier*/