In a CNNMoney article, they state "The popular Microsoft program has been implicated in the financial crisis, Europe's growth problems, the U.S.'s weak economic recovery, and pretty much everything else." http://finance.fortune.cnn.com/2013/04/17/rogoff-reinhart-
Damn Excel! How the 'most important software application of all time' is ruining the world
Answers
Interesting article but it seems like the title of the article was purely to generate more interest in the article.
What the article fails to point out is that software programs can also contain errors and even tested software for financials, like Hyperion, is only as good as the person putting in the data and creating the model.
All in all, I think the title makes the article worthless. It should have said that human error caused many problems and that "garbage in, garbage out" still applies.
Are we just putting people in positions requiring advanced level excel knowledge who may really only have basic knowledge and expecting them to produce excellent work? Are we searching for a detail oriented employee when searching for a data entry person? People are responsible for the financial crisis, Europe's growth problems, the U.S.'s weak economic recovery. Maybe CNN Money should start pointing fingers at the
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