Top 10 Excel AI Tools in 2023
Updated on 12th Jan, 24 9.4K Views

In this blog, we’ll take a look at some of the trending excel ai tools that are gaining popularity in the market. We’ll explore how they prove valuable in different professions and the positive effects they have on professionals in those positions.

Given below are the following topics we are going to explore:

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Introduction to Excel AI Tools

In recent years, AI (Artificial Intelligence) has made a big impact on how we use our regular tools. Even Microsoft Excel, a popular program for handling numbers and data, has gotten a boost from AI. Excel AI Tools are a big part of this shift, making it easier to work with data in Excel.

AI tools for Excel use smart technology to make tasks in Excel easier. They can clean up messy data, predict future trends, and even suggest ways to show information in charts and graphs. It’s like having a smart assistant in Excel to help you do your work faster and better.

For example, Power Query is an AI tool that helps in cleaning and transforming the data quickly, saving time and reducing errors. Additionally, Power Query in Excel enables predictive analysis functions use AI to make accurate forecasts based on historical data, which is particularly useful in industries like finance and sales.

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What is the Best AI Excel Tool?

If you find yourself unsure about selecting the top AI tools for Excel, we recommend consulting the table provided below. It highlights the top four AI-powered Excel tools that are widely employed in the data analytics domain:

NoExcel AI ToolsPricingFree SubscriptionLink
1Ajelix $5.95/monthYesLink
2Arcwise AI$299.37/monthYesLink
3Sheet+ $5.99/monthYesLink
4PromptLoop $28.68/monthYesLink

In the table above, we’ve made a note of both subscription-based and free AI Excel tools that find common use in data analysis. Therefore, upon reviewing the table, it’s clear that Ajelix emerges as the best AI Excel tool due to its impressive features and capabilities.

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Top 10 Excel AI Tools in 2024

Now that we’ve identified the Excel tools that are expected to be the most dependable and commonly utilized in 2024, let’s enhance our knowledge by exploring 10 best Excel tools specifically developed for data analysts.

Ajelix: Best AI Tool for Excel

Ajelix is an AI-powered tool that offers assistance in automating repetitive Excel tasks, simplifying the creation of complex formulas, and authoring advanced VBA scripts for automation. This tool excels at swiftly translating text into Excel formulas, significantly reducing the time required.

Features

  • This tool can translate text into Excel formulas in a fraction of the time.
  • It can help you write VBA scripts to automate tasks in Excel.
  • Ajelix can be used to clean your data by removing duplicates, fixing errors, and formatting it correctly.
  • Analyze your data by running statistical tests and creating reports.

Best for 

  • Generating complex formulas
  • Writing VBA scripts for advanced automation
  • Visualizing the complex data

Pricing

  • Premium – $5.95/month

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Arcwise AI: Advanced AI-Powered Excel Tool

Arcwise AI is a Google Sheets extension designed to swiftly assist you in comprehending, refining, and incorporating data by providing AI-generated formula recommendations. Additionally, It has the capability to streamline spreadsheet tasks, including data sorting, filtering, and summarization, through automation.

Features

  • Chat-based spreadsheet assistance
  • AI formula assistance
  • Data cleaning and scraping
  • Creating charts and graphs

Best for 

  • Cleaning messy data and fixing errors
  • Providing insights into your data
  • Beneficial for users who are new to Excel

Pricing

  • Small Teams – $300/month
  • Large Teams – $600/month

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Sheet+: Top AI Formula Generator Excel Tool

Sheet+ is an Excel AI tool that generates the formulas you need in seconds. Whether you’re a beginner looking to learn Excel/Google Sheets or an experienced user in need of a refresher, Sheet+ can help you become a spreadsheet expert. This tool converts text to Google Sheets and Excel Formulas, which can reduce the struggle to remember complex formulas.

Features

  • Easily Debug formulas
  • Generate accurate Google Sheets and Excel formulas from text
  • Increases the productivity
  • Enhanced Data Analysis

Best for 

  • Data Cleaning
  • Formatting
  • Visualization

Pricing

  • Pro – $5.99/month
  • Pro Annual – $51.99/month

PromptLoop: User-Friendly AI Excel Tool 

PromptLoop is an AI tool that can help you with your Excel spreadsheets. It uses GPT-3, a large language model, to understand your questions and instructions and generate the appropriate responses. PromptLoop is a plug-in that gives users a set of functions that let you run Al models on rows of data right where you need them in your spreadsheets.

Features

  • Explain the logic behind your spreadsheet formulas
  • Scrape data from the web and import it into your spreadsheet
  • Easily fix formatting errors

Best for

Pricing

  • Basic Plan – $29/month

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ExcelBot: Text to Formula AI Excel Tool

The ExcelBot is designed to make your work in Excel and Google Sheets quicker and more efficient. Its easy-to-use interface and strong capabilities help you save time and get more done. A standout feature of Excel Bot is its ability to change text into formulas and back again. This is especially useful for users who often switch between formula and regular text formats.

Features

  • Provides you with step-by-step instructions on how to use Excel
  • Help you generate formulas for a variety of tasks, such as calculating sums, averages, and counts
  • Excel forum allows you to ask questions and get help from other Excel users

Best for 

  • Engineering Students
  • VBA Instructions
  • Excel users who want to save time

Pricing

  • Monthly Plan: $3.99/month
  • Annual Plan: $19.99/month

Neural Formula: Comprehensive Excel AI Tool

Neural Formula is another AI tool that can help you generate and debug formulas in Excel. It uses a neural network to understand your questions and instructions and generate the appropriate responses. Neural Formula is also referred to as a one-stop solution to all your spreadsheet challenges.

Features

  • Easily create, edit, clarify, and convert formulas in Excel and Google Sheets
  • Simplify your tasks with integrated assistance for these crucial tools
  • Neural Formula provides user friendly interface

Best for

  • Formula Generator
  • Advanced Calculations

Pricing

  • Standard Plan: $1.99/month

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GPTExcel: AI Driven Excel Formula Generator Tool

This type of tool generates spreadsheet formulas specifically for Excel, Sheets, and Airtable, which allows users to perform complex calculations and analyses. Additionally, it generates VBA Script, Apps Script and Airtable Scripts to automate and simplify repetitive tasks, and thus, increase productivity within these platforms.

Features

  • Categorizing rows of data into specific groups
  • Forecasting future values based on historical data
  • Ability to process large datasets within the spreadsheet

Best for

  • Translate formulas
  • Supports VBA macros

Pricing

  • Pro Plan – $6.99/month

AI Office Bot – Free AI Tool for Excel

The AI Office Bot is a powerful tool driven by artificial intelligence. It creates and provides explanations for formulas in Airtable, Google Sheets, and Excel. This tool not only boosts productivity and saves time but also supports 12 different applications. Users can input questions and get solutions in just seconds. It guarantees accuracy, customization, and makes work more convenient.

Features

  • Supports over 12 applications
  • Increases productivity
  • Save time

Best for

  • Easily handle large datasets
  • Creating dashboards

Pricing

  • No subscription required (Free of Cost)

Goodlookup: Versatile Excel AI Tool

Goodlookup is an intelligent tool designed for spreadsheet users. It operates as a pre-trained model with the intuitive abilities of GPT-3 and the matching capabilities of fuzzy matching. It employs techniques similar to vlookup or index match to expedite your topic clustering tasks in Google Sheets.

Features

  • Solve text-to-text record linking problems
  • Uses NLP technology to unlock new possibilities with text data
  • Enhanced Lookup Functions

Best for 

  • Data Cleaning
  • Visualization Enhancements

Pricing

  • Yearly Subscription: $15/Year

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Formulas HQ: Most Flexible AI Excel Tool

Formulas HQ is a powerful tool that has the potential to help you with a variety of spreadsheet tasks. It describes your desired calculation in simple terms, and our AI will create the Excel or Google Sheets formula for you, simplifying complex calculations.

Features

  • Supports integration with various applications.
  • Effortlessly spot and correct any discrepancies, duplicates, or mistakes in the data.
  • It can help you make better decisions

Best for

  • VBA & Apps Script generator 
  • Solving complex regular expressions

Pricing

  • Formula Pro: $18/month
  • Yearly Pro: $12/month

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Need for AI Excel Tool

The need for AI Excel tools arises from the increasing complexity and volume of data that individuals and businesses handle on a daily basis. Here are some key reasons why AI Excel tools are essential:

  • Efficiency: AI-powered features in Excel automate repetitive tasks, such as data cleaning, analysis, and visualization. This not only saves time but also allows users to focus on more critical aspects of their work.
  • Accuracy: AI algorithms can process and analyze data with a high degree of accuracy, reducing the likelihood of human errors that can occur during manual data handling.
  • Data Complexity: Modern datasets are often large and intricate, making manual processing and analysis impractical. AI Excel tools can handle massive volumes of data, extracting meaningful insights efficiently.
  • Advanced Analytics: AI tools for excel enable users to perform complex analyses, such as predictive modeling and machine learning, directly within Excel. This empowers individuals and businesses to make data-driven decisions.
  • Data Visualization: AI-driven insights and recommendations help users create compelling visualizations that effectively communicate the insights derived from data.

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Conclusion

With the integration of artificial intelligence, these tools have the potential to revolutionize the way professionals work with spreadsheets, enabling them to tackle complex tasks with greater ease and accuracy. As technology continues to advance, the Excel AI tool market is poised for even more exciting innovations and improvements in the years to come.

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