British firm ClusterSeven has created technology to clean up the world’s spreadsheets and eliminate errors such as those that led to £3.8bn losses at JP Morgan.
Oz du Soleil's insight:
I love this article. It embraces the fact that spreadsheets are everywere and will be with us for the foreseeable future--warts and all.
The article touts a spreadsheet auditing firm as a solution but the main points are that we should stop wishing that Excel would go away, and that we've got to think very seriously about what we're doing with our spreadsheets.
- How will we know if something in the spreadsheet is wrong or incomplete?
- What are the consequences of something being awry?
- Is our spreadsheet set up for easy troubleshooting when something has gone sideways?
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