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

Best AI Tools for Excel

In today's data-driven world, Excel has become an indispensable tool for professionals across various industries. From crunching numbers to visualizing data, Excel's versatility has made it a go-to solution for countless business tasks.

However, as data sets grow larger and more complex, manual data manipulation and analysis can become increasingly time-consuming and error-prone. This is where AI Tools for Excel come into play, offering a powerful solution to streamline workflows, automate repetitive tasks, and unlock new levels of productivity.

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.

Top AI Tools for Excel in 2024

ToolKey FeaturesPricing
AI Excel BotGenerate formulas from text, explain formulas, generate VBA codeFree: 5 formulas/month
Pro Plans starts at $5.99/month
DeepsheetConversational data analysis, Python integrationFree, enquire for Pro pricing
Formula BotFormula generation, data analysis, ChatGPT integrationFree: 5 formulas/month
Premium Plans starts at $9/month
Excel FormulatorGenerate formulas from text, explain formulasFree: 7 formulas/month
Pro Plans starts at $5.99/month
Arcwise AIConnect data sources, AI copilot for data cleaning/reportingJoin beta program
Sheeter.aiGenerate Excel/Google Sheets formulas from text$1.99/month or $24.99/month for unlimited Credits
GPTExcelGenerate formulas from text, VBA scripting, SQL QueryFree: 4 requests/day
Pro Plans starts at $6.99/month
AjelixFormula generation, VBA scripting, translationFree: 10 requests/month
Premium Plans starts at $6/month

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: AI Excel Bot offers a free plan with 5 formula generations per month, and a Pro plan at $5.99/month or $49.99/year for unlimited formula generation, explanations, VBA code, 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.


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: Formula Bot offers a free plan with 5 generations and limited access to add-ins and data analyzer. The Lite plan is $9/month with unlimited generators and increased data analyzer capabilities. The Pro plan is $15/month with unlimited generations and advanced data analyzer features. The Premium plan is $30/month with additional benefits such as improved accuracy and results (GPT-4 option) and increased automation capabilities.


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: Excel Formulator offers a Starter Plan for free with 7 formulas per month and basic email support. The Pro Plan is $5.99/month or $4.49/month paid annually, providing 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.

Arcwise AI

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.


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: Sheeter.ai offers two pricing plans: a Monthly Plan at $1.99/month with 50 credits, and a Diamond Plan at $24.99/month (discounted from $49.99/month) with unlimited credits. These plans are designed to cater to users with varying levels of formula generation needs.


7. GPTExcel

GPTExcel is a cutting-edge AI-powered tool designed to streamline and simplify spreadsheet management in Excel, Google Sheets, and Airtable. Its key feature is the Excel Formula Generator AI, which utilizes advanced natural language processing (NLP) to generate complex formulas based on user input, significantly reducing the time and effort required for manual formula creation.

GPTExcel

Additionally, GPTExcel offers a Script Generator AI for automating workflows with VBA scripts, Apps Scripts, and Airtable scripts, a SQL Query Generator AI for efficient database management, a Regex Generator AI for precise data validation and filtering, and a Template Generator AI for quickly creating table templates.

GPTExcel Pricing: GPTExcel offers a Free plan with 4 requests per day and limited access to features. The Pro plan is available at $6.99/month or $5.24/month when billed annually, providing full access to AI-powered Excel and Google Sheets formula generation, explanation, script generation, and more, with up to 100 requests per day.


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: Ajelix offers a free plan with 10 monthly requests and access to 17 AI-powered tools. The Standard plan is $6/month with unlimited requests, while the Business plan is $20/month, providing additional features like dashboard password protection and KPI calculations. The Business + plan is $100/month, offering even more advanced capabilities.

Automating Excel Tasks with AI: Top Examples and Use Cases

AI tools in Excel can automate various data-related tasks and enhance data analysis capabilities. Here are some examples of tasks that can be automated using AI tools in Excel:

Data cleaning and preparation: AI tools like Power Query can help you identify and fix errors, outliers, missing values, duplicates, and inconsistencies in your data.
Data extraction: AI-powered tools can extract data from sources like images and web pages. For example, the “Insert Data from Picture” feature allows you to extract data from a picture of a table, while the “Get Data from Web” feature can scrape data from websites.
Idea generation and analysis: The “Analyze Data” feature in Excel uses AI to provide insights and patterns in your data. It can also generate PivotTables, charts, and formulas based on the data you've selected.
Formula generation: AI tools like Excel Formula Bot and Ajelix can convert text instructions into formulas or explain complex formulas in plain English. This can save time and make it easier for users to work with Excel.
Automating repetitive tasks: AI tools can recognize keywords and generate Excel formulas based on them. They can also translate text to VBA scripts, allowing you to automate common and repetitive Excel tasks.

Top FAQs on AI Excel Tools

What are the best AI formula generators for Excel?

Some of the top AI formula generators for Excel include AI Excel Bot, Formula Bot, Excel Formulator, Sheeter.ai, GPTExcel, and Ajelix, which can create complex formulas from simple text inputs.

How do AI data analysis tools for Excel work?

AI data analysis tools like Deepsheet and Formula Bot use natural language processing to understand queries, analyze datasets within Excel, and provide visualizations and actionable insights.

Are there any free AI tools for Excel?

Yes, several AI Excel tools offer free plans with limited usage, such as AI Excel Bot (5 formulas/month), Formula Bot (5 formulas/month), and Sheet+ (5 credits/month).

Can AI tools integrate with Google Sheets?

Many AI Excel tools like AI Excel Bot, Formula Bot, Excel Formulator, and Sheeter.ai support integration with Google Sheets in addition to Microsoft Excel.

How accurate are AI-generated Excel formulas?

The accuracy of AI-generated Excel formulas depends on the specific tool, but reputable options like AI Excel Bot, Formula Bot, and Ajelix claim high precision in formula generation.

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 transform your spreadsheet experience with the best AI tools for Excel? Share your views with us on comments section below

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