Knowing Software can Make You Profitable

Software is Always Free

In a previous post, I introduced the idea that software was free. This post continues that thought.

How Much Excel Do you Know?

Many people I know use Excel, at least a little. If I ask, they’ll admit that they know only about 15% to 20% of what Excel will do, and use perhaps 10% of the total capability. That means that there is at least 80% of what Excel will do that most people don’t know about, and therefore can’t use.
Excel is a pretty mundane tool. Most people add up columns and rows of numbers and do simple calculations with it. But if they only know 20% at most of the functions of Excel, what about the rest of the world of business software.
Knowing what business software can do helps profit and cash flow. Diagram of the knowledge gap.

Bridging the Gap Between Software and Business Profit

The diagram above is of what I’ve come to call the knowledge gap. For the first 10-15 years of my career, software capability was behind business needs. Businesses used 100% (or somewhare close) to the capabilities of software. In the last 10 or 12 years, this situation has reversed. While businesses use far more software capability today than 15 years ago, there is even more to use.
Somewhere in the capabilities that businesses don’t use in their software is the possibility of dramatic profit and cost savings.
At Data Guidance Group, we help close the knowledge gap for clients. We provide the bridge from software to business profitability.