We have a large analytics unit now that use tableau and a tableau server. We use power Bi and SSRS. Data gets staged from SQL transformed via SSIS. But these are dedicated skillsets. Most normal users don't have them, or have a licence.I moved from Excel + Access to Alteryx + Tableau and man, it was like a 10X improvement as well as enabling use cases that previously required external consultants. Modern advanced analytics tools enable miracles in productivity and automation!
Regardless of all that Excel is used heavily everywhere across our business. Lots of people want the final output in Excel. Almost no VBA in use. I just know VBA because I did a lot of development in it in the past. If you can code properly it's very powerful.
Of course you can have Excel linked to SQL doing all the heavy lifting on the server. Thing about Office etc is all client side. No one wants to run things on client. But if you do it helps to know what limits you have with multi threaded and single thread apps and get the best out of your hardware. But almost no one does this anymore.
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