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Excel 2013 PowerPivot Basics #01: Introduction To PowerPivot for Excel 2013
Start the Power Pivot add-in for Excel
Across the various fields and sub-sub-fields that span finance, financial analysis, financial markets, and financial investing, Microsoft Excel is king. With the arrival and exponential growth of big data , however, driven by decades of data aggregation and accumulation, the advent of cheap cloud storage and the rise of the internet of things—i. In however, Microsoft added a new dimension to Excel, called Power Pivot. Power Pivot offered next-generation business intelligence and business analytics functionality to Excel in its ability to extract, combine, and analyze almost limitless datasets without processing speed impairment. Despite its release eight years ago, however, most financial analysts still do not know how to use Power Pivot, and many do not know it even exists. In this article, I will show you how to use Power Pivot to overcome common Excel issues and take a look at additional key advantages of the software using some examples. This Power Pivot tutorial is meant to serve as a guide for what you can achieve with this tool, and at the end, it will explore some sample use-cases where Power Pivot often proves invaluable.
Power Pivot is a data modeling technology that lets you create data models, establish relationships, and create calculations. With Power Pivot you can work with large data sets, build extensive relationships, and create complex or simple calculations, all in a high-performance environment, and all within the familiar experience of Excel. Power Pivot is one of three data analysis tools available in Excel:. Power Query. Power View. The following links and information can get you going with Power Pivot, including how to enable Power Query in Excel, how to get started using Power Pivot, then tutorials, and community connections.
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Troubleshooting: Power Pivot ribbon disappears
Power Pivot is an add-in that you can use to perform powerful data analysis in Excel. The add-in is built into certain versions of Office, but by default, it's not enabled. If you have other versions of the Power Pivot add-in installed, those versions are also listed in the COM Add-ins list. Be sure to select the Power Pivot add-in for Excel. The ribbon now has a Power Pivot tab. This is the tab where you work with Power Pivot PivotTables, calculated fields, and key performance indicators KPIs , and creating linked tables. Here you can click Get External Data to use the Table Import Wizard to filter data as you add it to your file, create relationships between tables, enrich the data with calculations and expressions, and then use this data to create PivotTables and PivotCharts.