Microsoft Excel is a convenient tool for marketers and entrepreneurs. Although this tool already offers many features and benefits that help with productivity, AI can boost it even more. This gives users twice (or thrice) the productivity, convenience, and speed. If you haven’t heard of AI tools for Excel, you’ve landed on the right blog.
What are AI tools for Excel?
AI tools for Excel help users enhance productivity, improve analysis, and make informed decisions.
AI Excel tools automate some of the data by extracting information from multiple sources. The tool reduces manual input, which prevents human error, making your Excel task seamless.
These AI-powered Excel tools also improve analysis through predictive analytics, giving marketers a better view and forecast of sales, revenue, or trends. This helps brands make more informed decisions that benefit the company’s bottom line.
Another way these AI tools for Excel help is through data cleansing and preparation. Instead of cleaning data on your sheet, using an AI tool for Excel can do it faster. It can remove inconsistencies, duplicates, and errors with a click of a button.
You can also quickly aggregate information from your Excel data by typing in queries. Excel AI tools provide the answer in a few seconds, making insights generation efficient. Apart from reading data, these AI tools even offer suggestions in relevant visualizations, analyses, and insights.
For instance, it’s now quick and easy to determine the number of units sold in a particular month, your best-selling product, or your top customers. AI tools for Excel also offer personalized recommendations based on the data. This allows brands to better connect with their target audience.
Most of these AI tools for Microsoft Excel can also be connected with other apps. Another feature is dynamic data refresh, which refers to automatically updating data in Excel from other connected sources or apps in real time.
These are just some of the top ways brands can use AI applications for Excel. In the following sections, we’ll tell you the best AI tools for Excel.
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Why should your business use AI Excel tools?
If you’re still hesitant about using AI platforms for Excel, here are some benefits you should consider:
- Increased productivity: AI tools automate repetitive tasks such as data entry, cleaning, and analysis, saving time.
- Improved accuracy: By automating data processing and analysis, AI tools reduce the risk of human error, ensuring that business decisions are based on precise and reliable information.
- Enhanced insights: AI-powered analytics capabilities enable businesses to determine hidden patterns, trends, and insights in their data, helping them make more informed decisions and gain a competitive edge.
- Faster decision-making: With AI tools, businesses can analyze large volumes of data quickly and efficiently, enabling faster decision-making and response to market changes.
- Cost savings: By automating tasks and improving efficiency, AI tools can help businesses reduce operational costs and increase profitability.
- Scalability: AI-powered Excel tools can handle large and complex data sets, allowing businesses to scale their analytics capabilities as their data volumes grow.
- Personalized recommendations: AI tools can provide personalized recommendations and insights tailored to a business’s specific needs and objectives, helping to drive better outcomes.
- Competitive advantage: Businesses that leverage AI tools for Excel gain a competitive advantage by leveraging advanced analytics capabilities to optimize processes, identify opportunities, and mitigate risks.
- Data-driven decision-making: AI tools enable businesses to leverage data-driven decision-making, leveraging insights from their data to drive strategic initiatives and business growth.
- Adaptability: AI tools can adapt to changing business needs and requirements, allowing businesses to stay agile and responsive in a dynamic market environment.
Top 4 AI tools for Excel (And how to use them)
All or some of these tools are necessary to ensure that using Excel will improve productivity further. Here are our top picks!
1. Numerous.ai
This beneficial AI tool for Excel helps entrepreneurs and marketers with repetitive tasks. It’s user-friendly, which doesn’t require too much coding. There is also no need to use API keys. Numerous.ai is added to your Excel software as an add-on.
Top features:
- Generate AdWords keywords and copy, ad titles, SEO content, and Facebook campaign structures
- It helps with time-consuming tasks by showing it a few examples, and it will do the rest!
- Automate responses or text using AI
- Generate formulas and explain complex formulas
How to use Numerous.ai:
Here’s an example of how to use Numerous.ai to automate responses. Let’s generate personalized responses for customers writing negative or positive reviews about a restaurant.
Add the Numerous app to your Excel software by clicking the Insert menu at the top. Click Get Add-ins, type or find the Numerous app from the list, and click Add. Log in with your account, and make sure the email you use is the same one you used when you created the account.
This example shows a restaurant owner automating responses to negative and positive reviews from customers. Type what you want the AI to do and input the reference cell that contains the review.
You can also drag the automated response, and Numerous will do the same for the rest.
Using the extraction tool, you can format and edit the responses based on each review’s data and sentiment. Here’s an example.
Once the extracted information is on the cell, you can drag it to the bottom, and it will do the same for the rest.
Here’s the tutorial video:
Pricing:
- Free 60 tokens
- Starts at $10 per month
2. Power Query
Power Query is an AI-powered tool for Excel that helps marketers and entrepreneurs get more accurate insights about their businesses. This tool allows users to see crucial trends that support their brand and improve shortcomings. This way, entrepreneurs and marketers can make more informed decisions.
Top features:
- No coding needed
- Smart data preparation tool that can access over 300 transformations in the Power Query Editor
- Supports more than a hundred data sources with in-app connectors
- Power BI connects all disparate data sources into one environment for easier visualization and analysis
How to use Power Query:
Here’s how to use Power Query to gain insights about a cookie company.
Make sure you click the Power Query icon on the upper right corner to expand the prompt field. Type your question in the text box and ensure the queries are specific.
You can determine the number of units sold in charts or tables, and Power Query will provide precise answers in seconds.
See some date trends to determine peak and slow months.
You may even use this AI tool for Excel to identify the top products sold.
Better yet, identify your top customers in an easy-to-read bar chart.
Here’s the tutorial video:
Pricing:
- Power BI starts at $10 per user per month
3. Ajelix
Ajelix is a quick way to jazz up your spreadsheets. The Ajelix Excel Formula Generator is the ultimate tool for generating formulas like a pro. You just have to type in simple English or even your native language what kind of formula you’re after. Ajelix will do the heavy lifting, and you can use the formulas, save them for later, or share them with your team.
Top features:
- Offers 15 different tools for Excel and Google Sheets
- Transform text into Excel or Google Sheets formulas in seconds
- Clean data by removing duplicates and errors
- Run statistical tests and create reports
How to use Ajelix:
Insert the formula requirements in English or your native language.
Ajelix generates the formulas in a second, and you can copy or save them in your library.
You can also manage your formula and script library by editing the formulas and sharing them with your team members.
Pricing:
- Premium plan starts at $5.95 per month
4. PromptLoop
PromptLoop is the hassle-free AI tool that amplifies your Excel and Google Sheets game in a snap! Just plug in PromptLoop and watch as it effortlessly categorizes, generates, and researches your data. With custom AI-driven Due Diligence, you’ll breeze through tasks like website crawling, data filtering, and insights extraction tailored to your market—all seamlessly integrated into your spreadsheets. Elevate your workflow with cutting-edge AI that’s as easy as pie to adopt.
Top features:
- Utilize intelligent tagging, labeling, and analysis for any text data to enhance understanding and organization.
- Assess and rank content and survey responses to boost quality assurance and filter out low-quality content.
- Seamlessly integrate PromptLoop models into existing workflows, enhancing efficiency and flexibility through text generation, summarization, web search, and custom endpoint customization
- Access AI workflows instantly, extracting bespoke data from websites and customizing datasets within Excel, Google Sheets, or via CSV uploads on our web app.
How to use PromptLoop:
Here’s one way of using PromptLoop when you want to categorize a long list of items without going through them individually.
Here’s an example from real Airbnb listings. You can categorize the listings and see what each listing is about in seconds.
Provide an example or two of how you want the listings categorized.
Make sure you go to Extensions and activate PromptLoop. Type the prompt, select the cells for your input, and select the cells for your output.
Hit enter, and PromptLoop will generate the same categorization as the examples. Drag down to the bottom and categorize hundreds of listings in seconds.
Here’s the tutorial video:
Pricing:
- Individual plan starts at $18 per month
Final Words
Using AI tools for Excel undeniably helps business owners and marketers expedite data aggregation, automate text responses, and gather business insights. AI is a convenient tool for brands, especially with the significant shift towards it. Almost all apps and tools have built-in AI features—including Excel! But if you want to maximize Excel’s usability, installing some AI plugins does the job easily, quickly, and efficiently.
