CORDIS Project
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The MemCAD project aims to improve spreadsheet applications by developing tools that ensure their robustness and reduce errors. By creating a verification toolbox that analyzes complex data structures, the project seeks to enhance the reliability of spreadsheets used across various industries.
Spreadsheet applications (such as Microsoft Excel + VBA) are heavily used in a wide range of fields including engineering, finance, management, statistics and health.
However, they do not ensure robustness properties, thus spreadsheet errors are hard to avoid, common and potentially very costly.
According to estimates, the annual cost of spreadsheet errors is around 7 billion dollars.
For instance, in 2013, a series of basic spreadsheet errors at JPMorgan incurred 6 billion dollars trading losse…
INSTITUT NATIONAL DE RECHERCHE EN INFORMATIQUE ET AUTOMATIQUE
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