Real-Time Data Processing: Why Spreadsheets Are Falling Behind
Spreadsheets have been essential to corporate work for a long time. Their uses include project management, budgeting, and handling both simple and complex tasks in business activities daily. However, with increasing demands and technology requirements, spreadsheets are becoming outdated. Businesses now process a significant amount of data in real-time, and spreadsheets are too slow to keep up. We need custom solutions to serve as alternatives to spreadsheets . What Spreadsheets Cannot Do? Spreadsheets have certain inherent drawbacks. They primarily rely on laborious, often slow manual data entry. Real-time data processing demands both speed and precision, which spreadsheets struggle to provide. Consider tracking sales in a dynamic environment where updates happen every second. Such rapid changes are inefficiently managed using spreadsheets. Processing Data in Real Time Raw data becomes immediately useful for insights. Take a busy stock exchange, for example, wher...