New Excel 2016 update helps users make better business decisions with charts

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Published onFebruary 4, 2016

published onFebruary 4, 2016

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Microsoft is quickly adding to itslist of updatesfor Office 2016 and 365 Subscribers witha new postabout the effectiveness of charts and a focus on the several new charts that were introduced in Excel 2016.

This chart is effective at describing how certain information or trends area effecting a businesses bottom line. Effective for financial information, The Waterfall chart is designed to show the relationship of balances, losses and gains.

The Treemap chart is good for businesses to highlight which categories, products or trends are generating the most revenue or percentage of an organization.

In the same family as a histogram chart, the Box & Whisker chart helps business target trends and customer demographics. This chart allows businesses to follow where their customers are and the areas seeing the most demand.

Several new charts are also planned to be added in a future Office update with one of the first being the new Funnel Chart which will be used to help businesses track sale processes.

With these latest charts, Office is providing businesses with the tools to better analyze their needs. The update is currently available forOffice 2016 and Office 365subscribers. How do you see these new charts helping in visualizing data for business? Let us know in the comments below.

Radu Tyrsina

Radu Tyrsina has been a Windows fan ever since he got his first PC, a Pentium III (a monster at that time).

For most of the kids of his age, the Internet was an amazing way to play and communicate with others, but he was deeply impressed by the flow of information and how easily you can find anything on the web.

Prior to founding Windows Report, this particular curiosity about digital content enabled him to grow a number of sites that helped hundreds of millions reach faster the answer they’re looking for.

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New Excel 2016 update helps users make better business decisions with charts