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Yeah don’t think it’s going anywhere any time soon in big corporate - at least in finance. The network effects are just too powerful - compatibility, training, integration, skill availability etc.

Every single attempt to migrate to something else has been a comical failure. On the plus side they tend to be rapid failures rather than SAP style multi years

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As someone that was part of such project, the main issue is that Excel is really programming, plus there are macros, VBA, AddIns, lambda, PowerQuery, and now Python on top.

All those migration projects tend to fail on the details, there is always that one customisation point that is easily done in Excel, but requires a whole team with architects and such for getting the same capability on the replacement tool.

Nice thing is, Microsoft themselves are undoing that with the push to Office as a web-first application. While making it more ubiquitous (they think), they are at the same time cutting loose some of its strongest anchors

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