Excel errors and how to stop them

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@tsunamiide

tsunami.io

Earthquake Enterprises
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@tsunamiide

tsunami.io

Earthquake Enterprises
FPDAYS 2012


Creator of Tsunami
 (F# IDE)



Big Data / Machine Learning
Applied Researcher



Business Intelligence



Process Engineering

Social

@tsunamiide

tsunami.io

Earthquake Enterprises


Skype
 moloneymb



Email
 moloneymb@gmail.com



Twitter
 @moloneymb



Website
 http://tsunami.io

Social

@tsunamiide

tsunami.io

Earthquake Enterprises


FP Users?



Excel Users?



Customers with Excel?



Windows Users?



Academics?

Social

@tsunamiide

tsunami.io

Earthquake Enterprises


Managers / Customers like Excel



Functional Programmers like Functional
Programming

Social

@tsunamiide

tsunami.io

Earthquake Enterprises
Social

@tsunamiide

tsunami.io

Earthquake Enterprises


Visit to Silicon Valley

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@tsunamiide

tsunami.io

Earthquake Enterprises
VITAMINS

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@tsunamiide

PAINKILLERS

tsunami.io

Earthquake Enterprises
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@tsunamiide

tsunami.io

Earthquake Enterprises
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@tsunamiide

tsunami.io

Earthquake Enterprises
Social

@tsunamiide

tsunami.io

Earthquake Enterprises


> 1% of formulae
cells contain errors



88% of Excel
spreadsheets contain
errors



Large spreadsheets
have > 12 errors

Social

@tsunamiide

tsunami.io

Earthquake Enterprises
Social

@tsunamiide

tsunami.io

Earthquake Enterprises


Risk Management was modelled in Excel



Run manually through copy / paste



One of the errors
 Sum instead of Average -> halved reported

risk

Social

@tsunamiide

tsunami.io

Earthquake Enterprises
“Just because we’re stupid doesn’t
mean everybody else was.”
– Jamie Diamond
Social

@tsunamiide

tsunami.io

Earthquake Enterprises


Even renowned Harvard Economist make
mistakes



“Growth in a Time of Debt” Reinhart and Rogoff
 Failed to manually select the correct columns
 Substantial effect on the outcome of the study
 Incorrect advice given to government policy

makers

Social

@tsunamiide

tsunami.io

Earthquake Enterprises
Social

@tsunamiide

tsunami.io

Earthquake Enterprises
Social

@tsunamiide

tsunami.io

Earthquake Enterprises
http://www.eusprig.org/horror-stories.htm

Social

@tsunamiide

tsunami.io

Earthquake Enterprises
EXCEL




FP

400 Million entrenched
users




Substantial Existing
Investment





Social

@tsunamiide

tsunami.io

Productivity
Type Safety
Testability
Auditability
Performance

Earthquake Enterprises
Social

@tsunamiide

tsunami.io

Earthquake Enterprises
http://tsunami.io

Social

@tsunamiide

tsunami.io

http://www.statfactory.co.uk

Earthquake Enterprises
Social

@tsunamiide

tsunami.io

Earthquake Enterprises

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