Read more about this astounding study of Ray Panko from the University of Hawai'i. What We Know About Spreadsheet Errors

As Excel Spreadsheets are like data silos, they are not secured and mostly inexplicable, they are indeed not the state of the art tools for business intelligence.

Xcelsius borrows the Excel functionality as a designing and calcuation engine for it's comprehensive dashbording solutions. So Xcelsius Dashboards are often to be understood as "Spreadsheets 2.0".

Hopefully the study of Mr. Panko cannot be transferred to Xcelsius Dashboards. Serious errors in Management Dashboards could cause unpleasant effects on business. If you are interested in a nice Excel anecdote take a look at Lehman Excel snafu could cost Barclays dear.

Remember: Comments in Xcelsius Models for documentation purposes are valuable metadata and as important as they are in traditional software development.