Will Financial Modeling in Excel Be Dead Soon?

https://www.unvritt.com/story/will-financial-modeling-in-excel-be-dead-soon-zlbsn/view

by gkv856 • 10 months ago

2 5 10 months ago

sunscream89• 10 months ago

The spreadsheet will remain an invaluable tool for real world stakeholders for any foreseeable future (civilization standing.)

Those who write the finest queries shall remain a privileged “magician” class.

gkv8562• 10 months ago

I myself is a financial modeling expert. In fact, I am global level trainer in big4 but truth be told, things are changing. This is a data driven analysis. I work in this very industry for over a decade. I suggest you give the story a read and then I will be happy to have an open discussion.

mouse_• 10 months ago

https://en.m.wikipedia.org/wiki/Betteridge%27s_law_of_headli...

gkv8562• 10 months ago

next I will make sure I dont have a headline ending with ?. thanks for the suggestion. This is a data driven analysis. I work in this very industry for over a decade. I suggest you give the story a read and then I will be happy to have an open discussion.

daneel951• 10 months ago

An extract of the (very short) article: "Stage 3: Agentic AI This is the final, most profound stage. What if the system could run itself? Agentic AI platforms from companies like Pigment and Anaplan are creating systems of autonomous agents that perceive, reason, and act. Imagine an "Analyst" agent detecting a sales variance. It triggers a "Planner" agent to investigate, which then activates a "Modeler" agent to run simulations and propose a new budget. The human is no longer in the loop; they are overseeing it. Is this not the endgame?"

Asking Google about the normal typical cost of deployment of Pigment or Anaplan: "Pigment pricing starts around $500-800 annually per Explorer seat, with Contributor and Editor seats costing more, leading to a total cost of $75,300-$106,250 annually for a Professional configuration. Anaplan, a competitor, has pricing that starts around $200,000 per year, but final costs depend on company size and model complexity. Pigment is best for companies seeking a modern, visual, and flexible planning platform, while Anaplan is more suited for enterprises with highly complex, structured, and large-scale planning needs."

Those platforms are targeted to big companies, but I doubt that the author (as me I'm doing for a living) has any idea about the capability of spending of small/medium companies and the budget allocated to the financial modeling (if any).

Anyway, speaking about talking after reading, my answer is yes, Excel has and will have a place for financial modeling and the article isn't providing any concrete evidence of the contrary.

Will Financial Modeling in Excel Be Dead Soon?

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