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$10B Annual Tab for Spreadsheet Errors?
theodp writes "According to PWC and KPMG, more than 90% of corporate spreadsheets have material errors in them. With each error costing between $10K and 100K per month, one expert estimates corporate America loses in excess of $10B annually through the misuse and abuse of spreadsheets." From the article: "The key point about spreadsheets is that you need to know which ones are critical to your business, which ones are merely important and which ones you do not have to bother too much about. Once you know that, you can start to apply appropriate policies depending on the criticality of the spreadsheet involved."
A spreadsheet is really a simple language. Toss in the horrid formulas Microsoft, err, innovated from Lotus 1-2-3, and you have a programming environment.
It's axiomatic that every nontrivial program has at least one bug.
Are 10% of spreadsheets trivial?
Raise your children as if you were teaching them to raise your grandchildren, because you are.
maybe if the DBs were a little easier to use.... always easy to blame the user, isnt it.
I once tried to download Mysql, just for laughs. Boy, those people could use a trainign lesson in how to present software to newbys....
All the hottest math this side of a database, including SUM, AVERAGE, MAX and SIN. Don't forget for this week only we are having a special on STDEV.