Posts by: Elizabeth Steward
When it comes to complex data blending, spreadsheets should be handled with care. Errors can easily leak out from spreadsheets, contaminating reports and causing mistakes that can cost companies millions of dollars. A study by financial modeling company F1F9 a few years back found that close to 90 percent of spreadsheet documents contain errors. In fact, the report found that spreadsheets contain errors in one percent or more of all formula cells: in large spreadsheets with thousands of formulas, there will be dozens of undetected errors.
Errors like this have led to some catastrophic spreadsheet slip-ups. Here’s a look at some of the worst examples of spreadsheets gone wrong—cautionary tales for anyone relying solely on spreadsheets for business insight. Read More…