This year has been the year of spreadsheet distress. Spreadsheet errors have been blamed for a number of high profile corporate meltdowns including one in the rail franchise bid process for the West Coast mainline that is said to have cost the tax payer around £60m. Spreadsheet calculations represent up to £38 billion of private sector investment decisions per year and simple errors could be putting billions of pounds at risk. With so many high profile incidents filling the newswires, it may seem unlikely that the spreadsheet is set for a reprieve in 2017. However, new developments in IT are… [Continue Reading]