8 Powerful AI Tools for Excel: Unlock Insights and Enhance Productivity

Best AI Tools for Excel

Are you tired of spending countless hours manually analyzing data in Excel spreadsheets?

What if there was a way to revolutionize your spreadsheet experience and unlock powerful insights with the help of artificial intelligence?

Today, AI tools are transforming the way we work with Microsoft Excel, making data analysis faster, more accurate, and secure. In fact, AI has become an essential part of our daily lives, especially in the workplace. So, why not harness the power of AI to boost your productivity and make the most of your spreadsheets?

In this article, we will explore the top 8 AI tools for Excel that will change the way you work with data and help you uncover valuable insights like never before. Let's explore to save hundreds of hours of time in the most loved software by Microsoft!

What is an AI-powered Excel Tool?

An AI Excel tool is a software or add-on that uses artificial intelligence to enhance the functionality of Microsoft Excel, automating tasks, analyzing complex data sets, and generating insights that would have taken hours to uncover manually. These AI tools can help users save time, improve efficiency, and make better decisions based on more accurate and actionable insights.

Some real-time examples of AI Excel tools include Excel Formula Bot, Ajelix, and PowerExcel.ai. These tools leverage AI technologies such as machine learning algorithms and natural language processing to understand, analyze, and manipulate data within Excel spreadsheets. For instance, AI Excel tools can help with tasks like cleaning data, sorting and filtering, creating formulas, visualizing data, and analyzing data.

AI Excel tools have been adopted by various industries, including retail, finance, and healthcare. They have also been used by businesses of all sizes to improve efficiency, customer service, and decision-making. For example, banks and financial institutions use AI Excel tools to reduce the risk of fraud and improve accuracy in data analysis.

The integration of AI in Excel has completely changed the way businesses analyze and make decisions based on their data. Properly using artificial intelligence allows individuals to enhance precision, streamline processes, and facilitate well-informed choices. By employing AI technology, users can significantly reduce errors, increase efficiency, and make better decisions based on data-driven insights. 

Benefits of using AI tools for Excel

  • Save time and improve efficiency by automating tedious tasks
  • Analyze complex data sets and generate insights quickly
  • Reduce the chances of mistakes and errors by generating accurate results and formulas
  • Enhance collaboration between technical and non-technical team members
  • Make better decisions based on more accurate and actionable insights

1. AI Excel Bot

AI Excel Bot is an AI-powered tool that assists users create complex Excel and Google Sheets formulas in seconds using simple English prompts. With the help of AI technology, AI Excel Bot simplified the process of generating, understanding, and working with formulas, saving time and reducing the likelihood of errors.

AI Excel Bot

AI Excel Bot is specially designed to make working with Excel and Google Sheets more efficient and user-friendly. This innovative tool uses artificial intelligence to transform text instructions into accurate formulas for Excel and Google Sheets. Users can simply type in their requirements or describe the calculation they need, and AI Excel Bot will generate the appropriate formula in seconds. This eliminates the need to remember complex formula syntax or spend hours searching for the right functions, making it an invaluable tool for professionals, students, and anyone who regularly works with spreadsheets.

In addition to generating formulas, AI Excel Bot also offers a formula explainer feature that breaks down complex formulas into step-by-step explanations, making it easier for users to understand and troubleshoot their formulas. The tool also provides VBA instructions, allowing users to generate VBA scripts for Excel. Moreover, AI Excel Bot is available as an add-on for Excel and Google Sheets, making it easily accessible and convenient to use.

AI Excel Bot Pricing

  • Free Plan ($0/month): In this plan, users get limited access to the tool, which includes generating and explaining up to 5 formulas, codes, or tasks per month. This plan also provides access to the Chrome extension and email support.
  • Pro Plan ($2.99/month): It offers full access to AI Excel Bot, with unlimited formula generation, formula explanations, VBA code generations, VBA code explanations, and task explanations per month. Users also get access to the Chrome extension and priority support.
  • Pro Annual Plan ($24.99/year): This plan provides the best value, with a 30% savings compared to the monthly Pro Plan. It includes all the features of the Pro Plan, such as full access to AI Excel Bot, unlimited formula generation, formula explanations, VBA code generations, VBA code explanations, and task explanations per month. Users also have access to the Chrome extension and priority support.

2. Deepsheet

Deepsheet is a conversational AI tool designed for data analysis, offering a user-friendly chat interface that supports a variety of dataset formats, including CSV, XLSX, TSV, and JSON. By allowing users to ask questions in plain English, Deepsheet simplifies data analysis and helps users gain meaningful insights from their data. Deepsheet's user-friendly chat interface allows even non-technical users to easily interact with the tool and extract insights from their data.

Deepsheet

In addition to its compatibility with multiple dataset formats, Deepsheet also offers Python script integration, allowing users to create customized data analysis solutions tailored to their specific needs. This feature enables users to leverage the power of Python for more advanced data manipulation and analysis tasks, further enhancing the tool's capabilities. Deepsheet is meticulously designed to facilitate collaboration between technical and non-technical team members, making it an ideal solution for businesses looking to improve their data analysis processes and gain actionable insights from their data.

Deepsheet Pricing

Deepsheet is freely available for use but if you want to try its Pro version, you need to fill out an enquiry form to avail of Pro plan pricing.

3. Formula Bot

Formula Bot is an AI-powered tool designed to enhance the functionality of Excel and Google Sheets by automating tasks, generating formulas, and providing advanced data analysis capabilities. This tool helps users save time, improve efficiency, and make better decisions based on accurate and actionable insights.

Formula Bot

Formula Bot, featuring Cellie, your AI data analyst, is a game-changing Excel assistant that combines AI-powered formula generation, data preparation, and data analysis into one comprehensive solution. Trusted by Fortune 500 companies, government agencies, and small to medium-sized businesses, Formula Bot streamlines the process of working with Excel and Google Sheets, making it easier for users to create complex calculations and analyze data.

With Formula Bot, users can generate formulas or explanations for data and spreadsheet-related tasks, create spreadsheet templates for various situations, generate SQL queries from database tables and text instructions, and even get VBA or Apps Script code for automating tasks in Excel or Google Sheets.

Additionally, Formula Bot offers AI-powered data analysis capabilities, allowing users to upload their data, ask questions, and receive results in the form of data, charts, and recommendations. Formula Bot also supercharges spreadsheets with AI, offering predefined functions and ChatGPT integration, sentiment analysis, text classification, information extraction, and more.

Formula Bot Pricing

  • Basic Plan (Free): Includes 5 formula generations per month, 10 data analyzer messages per month, and 20 ChatGPT/data automation in Excel and Google Sheets add-ons per month.
  • Premium Plan ($4.92/month or $59/year): Offers unlimited formula generations, unlimited data analyzer usage, and 10K ChatGPT/data automation in Excel and Google Sheets add-ons per month. Non-profit organizations can apply for free unlimited access.

4. Excel Formulator

Excel Formulator is a powerful and user-friendly tool that reshapes the way users work with Excel, Google Sheets, and Airtable. By effectively using AI technology, Excel Formulator can transform any text prompt, in any language, into a valid formula in seconds. This eliminates the need to remember complex formula syntax or spend hours searching for the right functions, making it a must-have tool for professionals, students, and anyone who regularly works with spreadsheets.

Excel Formulator

In addition to generating formulas, Excel Formulator also offers a formula explanation feature that breaks down complex formulas into easy-to-understand plain English explanations. This makes it easier for users to understand and troubleshoot their formulas, ensuring that their calculations are accurate and reliable.

Excel Formulator is optimized for all systems, including Microsoft Excel, Google Sheets, and Airtable, making it a versatile solution for users who work with various spreadsheet platforms.

Excel Formulator Pricing

  • Starter Plan (Free): Includes 7 formulas per month and basic email support.
  • Pro Plan ($5.99/month): Offers unlimited formulas, priority email support, and early access to features.
  • Pro Annual Plan ($4.49/month, paid annually): Includes unlimited formulas, priority email support, and early access to features.

5. Arcwise AI

Arcwise AI is an ultimate solution that integrates artificial intelligence into your existing spreadsheets, streamlining workflows and automating repetitive tasks. Arcwise AI can securely connect with your business data tools, such as Looker and Snowflake that allow you to pull unlimited rows of raw data directly into your spreadsheet. This makes it easier for users to work with large datasets and perform complex analyses.

Along with its data integration capabilities, Arcwise AI also offers an AI copilot feature, which provides guidance from GPT to help users clean their data, get formula assistance, explain their sheets, and build reports. With Arcwise AI, users can instantly build pivot tables using data from Snowflake, Looker, or other data systems, making analysis an effortless task.

Also, Arcwise AI plugs into your existing spreadsheets, allowing you to use formulas and generate reports like you're used to, but with unusually powerful capabilities. This tool amplifies your data team by pushing the right data to the right users and keeping it updated, ensuring a source of truth in your current spreadsheet.

Arcwise AI Pricing

Pricing information for Arcwise AI is not available. However, you can join the beta program to try out the tool and its features.

6. Sheeter.ai

Sheeter.ai is an advanced Excel formula generator that helps users create faster, easier, and more efficient Excel sheets. Designed to increase productivity and save time, Sheeter.ai automates the process of generating formulas, allowing users to focus on more important tasks for their business.

Sheeter.ai

Generating formulas with Sheeter.ai is incredibly easy. Users simply enter a query into the search bar, and the tool generates the corresponding formula that works with both Excel and Google Sheets. Users can then copy the formula and paste it into their spreadsheet or use the Sheeter.ai Add-on for a one-click solution.

Sheeter.ai is highly customizable, allowing users to tailor it to their specific needs. Whether they're looking for a specific formula or want to create an entirely new sheet, Sheeter.ai can help them get the job done quickly and easily.

Sheeter.ai Pricing

  • Monthly Plan ($1.99/month): Includes 50 credits per month, suitable for users just starting out.
  • Diamond Plan ($24.99/month, discounted from $49.99/month): Offers unlimited credits, ideal for freelancers, bloggers, and people with extensive usage.

7. Sheet+

Sheet+ is a next-level tool for Excel and Google Sheet users as it helps them write Google Sheets and Excel formulas 10 times faster by transforming text into accurate formulas within seconds. This extraordinary tool saves users up to 80% of their time working with spreadsheets. Users simply input a description of the formula they require, and Sheet+ generates the corresponding formula. This eliminates the need to remember complex formulas or spend hours creating them from scratch.

Sheet+

Sheet+ also offers a formula explanation feature that provides step-by-step breakdowns and explanations of how each component of the formula works and what it does. This makes it easier for users to understand and troubleshoot their formulas, ensuring that their calculations are accurate and reliable. Sheet+ is suitable for users of all skill levels, from beginners looking to learn Excel and Google Sheets to experienced users in need of a refresher. With the help of the power of AI, Sheet+ empowers users to perform complex spreadsheet tasks and calculations quickly and easily, allowing them to focus on other tasks and projects.

Sheet+ Pricing

  • Free Plan ($0): Includes 5 AI credits per month and access to all AI tools.
  • Pro Plan ($5.99/month): Offers unlimited AI credits, access to all AI tools, and upcoming Google Sheets and Excel add-ons.
  • Pro Annual Plan (Save 33%, $51.99/year): Includes unlimited AI credits, access to all AI tools, and upcoming Google Sheets and Excel add-ons.

8. Ajelix

Ajelix is a spreadsheet tool that integrates artificial intelligence into Excel and is built to write Excel formulas and explain them faster. This tool enhances the functionality of Excel by automating tasks, analyzing complex data sets, and generating insights, allowing users to save time, improve efficiency, and make better decisions based on accurate and actionable insights.

By utilizing AI technology, Ajelix can analyze data and provide recommendations based on the data, allowing users to make more informed decisions. This tool is designed to be user-friendly and accessible to users with varying levels of expertise in Excel. Ajelix is suitable for various industries, including finance, marketing, healthcare, and more, making it a versatile solution for businesses looking to improve their data analysis processes and gain actionable insights from their data.

It offers a range of features, including formula generation and explanation, spreadsheet translation, template creation, and VBA script generation. Notable features of Ajelix include seamless integration with Excel and Google Sheets, high AI precision for accurate formula generation, a user-friendly dashboard, support for 28 languages for translating spreadsheets, and a virtual AI assistant for advanced help with spreadsheets. Ajelix also provides a formula and script library, allowing users to save formulas and collaborate with others.

Ajelix Pricing

  • Free Plan: It includes essential features such as Excel and Google Sheets formula generation, Excel VBA and Google Apps Script explanation, Excel and Google Sheets script generation, Excel formula explanation, and file translation in 27+ languages. Additionally, users have access to 15+ tools, including the add-in, and email support.
  • Premium Plan: Priced at $5.95 per month, is tailored for teams and individuals who use spreadsheets regularly and require more advanced features. It includes everything in the Free Plan, along with unlimited requests, the Excel add-in, an unlimited library for reusing and sharing formulas, access to all tools, and priority support for faster assistance.
  • Enterprise Plan: This plan caters to businesses that need regular assistance in managing large volumes of spreadsheets. It encompasses all features of the standard plan and offers live support, a dedicated Excel expert, on-demand meetings, spreadsheet audits, custom development, and spreadsheet automation. Pricing for the Enterprise Plan is available upon request.

How to Choose the Best AI Excel Tool?

When selecting the best AI Excel tool for your needs, consider the following factors:

  1. Functionality: Evaluate the specific features and capabilities of each tool. Some tools may focus on formula generation, while others may offer data analysis, automation, or visualization features. Ensure the tool you choose aligns with your requirements and can handle the tasks you need to perform.
  2. Ease of use: Opt for a tool with a user-friendly interface that simplifies the process of working with Excel and Google Sheets. The tool should be easy to learn and use, even for those with limited experience in spreadsheets.
  3. Compatibility: Check if the tool is compatible with some additional platforms you use, such as Google Sheets, Notion, or Coda. Some tools may only work with specific platforms, so it's essential to choose one that supports your preferred software.
  4. Accuracy: Assess the accuracy of the AI-generated formulas and insights provided by the tool. A high level of accuracy is crucial for ensuring the reliability of your spreadsheet work.
  5. Pricing: Compare the pricing plans of different tools and consider the value they offer. Some tools may provide a free trial or a freemium version, allowing you to test their features before committing to a subscription.
  6. Customer support: Look for tools that offer responsive and helpful customer support. This can be crucial when you encounter issues or need assistance with the tool.

We suggest you consider the research-backed list of AI Excel tools mentioned in the article and evaluate each tool based on the factors above to determine the best fit for your needs.

ūüĎČAlso Read: 12 Best AI tools for Accounting in 2023

Your turn

In today's fast-paced world, leveraging the power of artificial intelligence (AI) in Microsoft Excel can revolutionize the way you work with spreadsheets.

AI tools for Excel can help you automate tedious tasks, analyze complex data sets, and even generate insights that would have taken hours to uncover manually. With AI-powered features like Ideas, Analyze Data and Excel Formula Bot, you can save time, improve accuracy, and make more informed decisions.

As AI continues to advance, the integration of AI tools in Excel will become increasingly vital for businesses to stay competitive and harness the full power of their data. So, are you ready to embrace the future of data analysis and transform your spreadsheet experience with the best AI tools for Excel? Share your views with us on comments section below

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