Advanced data analytics to improve business: 7 best AI tools for data analysts in 2024

What if you could predict how your company’s sales will perform in the next 6 months? What if you could find specific patterns in your social media performance data to tune in strategically to your target audience. What if you could find the exact target audience for your product and use the right strategy to drive sales? 

Who wouldn’t need a result oriented strategy to result in profit? This is where data analysis becomes of most use and using AI in data analysis, even a better and unique strategy.

For organizations to make informed decisions on core functions, you have to convert your raw data into useful insights. Manual data analysis which was considered slow and ineffective so far, is now possible in limited time with AI tools. The best part about data analytics is that there are multiple AI tools that can help you visualize, analyze and track data instantly to find meaningful insights and reach your business goals.

Let's find out the best AI tools used in the industry to boost your business outcome.

Table of contents

• 7 Best AI Tools for Data Analysts
• Tableau
• Microsoft Power BI
• HubSpot's AI Content Writer
• MonkeyLearn
• Akkio
• Qlik
• SAP BusinessObjects
• Bonus! - Retable & ChatGPT Integration

7 Best AI Tools for Data Analysts

1. Tableau

Tableau is an excellent data visualization tool that does not need coding. It is interactive and easy to use, and users can share the data across desktops and mobile platforms. Tableau has multiple features like varied data visualization options and it supports databases of all sizes. It also allows users to run the programme in cloud or on premise, depending on the users requirement.

Features

1. Visualizes data quickly
2. Predictive analytics
3. Handles large amounts of data
4. Collaboration and Workflow
5. Ease of implementation
6. Dashboards
7. Supports complex computations
8. Data discovery
9. Data Transformation

Pricing

Tableau Creator plan is charged at $70 per user per month. The explorer plan is charged at $42 and the viewer plan is charged at $15 per user per month. Tableau also has a free trial version.

2. Microsoft Power BI

Here’s another AI data analyzing platform that allows users to import data from any source and sort through the data and visualize it for insights. Power BI allows multiple integrations including Excel and integration with Azure machine learning. If you already have Microsoft tools, then implementing Power BI is easy.

Features

1. Creates personalized dashboards
2. No memory and speed constraints.
3. Data filtering
4. Automodeling
5. Helps in publishing secure reports
6. Allows users to generate text.
7. Transforms raw, scattered data to meaningful insights

Pricing

Power BI Pro is charged at $ 9.45 per user per month. Power BI Premium is charged at $18.89 per user per month. For advanced features, Microsoft provides customized pricing.

3. HubSpot's AI Content Writer

HubSpot's Free AI Content Writer is a sophisticated tool leveraging artificial intelligence technology to assist users in generating written content efficiently. With advanced algorithms and an intuitive interface, this tool aims to streamline the content creation process, providing users with valuable assistance in crafting engaging and high-quality content for various purposes.

Features

1. AI-powered content generation: Utilizes advanced algorithms to produce engaging and relevant written content.
2. Topic suggestions: Provides suggestions for trending topics and relevant keywords to optimize content for SEO.
3. Content customization: Allows users to tailor generated content according to specific requirements and preferences.
4. Grammar and style checking: Incorporates grammar checking and style suggestions to ensure polished and error-free content.
5. Plagiarism detection: Offers built-in plagiarism detection to maintain originality and authenticity in content creation.

Pricing

The Free AI Content Writer is available at no cost to users. It offers robust AI-powered content generation tools without any subscription fees.

4. MonkeyLearn

Monkeylearn is another AI tool which does not need coding. It uses multiple AI powered text analysis tools that can analyze and make meaningful insights out of raw data. It can also set up text classifiers and text extractors which will help sort data according to topics. It reduces hours of manual processing with the reliance on machine learning.

Features

1. Pull data from tickets automatically
2. Classifies data through keywords and high-end text analysis
3. Classifies text in labels
4. No coding required
5. Simple and intuitive UI
6. Multiple integrations possible
7. Custom capabilities

Pricing

MonkeyLearn has two pricing plans. A free trial version is available. The plan for teams starts at $ 299 per month and for businesses, a customized plan is available.

5. Akkio

This tool is best for beginners who are just starting to use AI for data analysis. All you have to do is upload your dataset and select the variable that they want a prediction for. Akkio’s most use is for sales, predictive analysis and marketing. 

Features

1. Fast and intuitive
2. Multiple API integrations
3. No coding platform
4. Build neural networks around selected variables
5. Accuracy rating for the models
6. No AI experience required
7. Helps in prioratizing hot leads
8. Create generative charts, reports etc
9. Dashboards

Pricing

There are four different pricings offered by Akkio. It starts at $49 per user per month. The professional plan is charged at $499 for companies with more data. The business plan is charged at $1499 and an enterprise plan that can be customized according to company requirements.

6. Qlik

Qlik can be used by users who have both technical and non-technical backgrounds. It has multiple data exploration features. Team collaboration with easy drag and drop options and workflows are available to manipulate data according to specific liking. 

Features

1. Custom and embedded analytics
2. Reporting nad alerting
3. Quick calculations with data
4. Finds patterns and trends
5. Customisation capabilities
6. Syncs and extracts information from other websites\
7. Connect with multiple sources of information for data analysis.

Pricing

Qlik has just two pricing versions. The basic plan for businesses starts at $30 per user per month and the enterprise plan can be customised according to specific requirements. It also has a free version available for users to try out.

7. SAP Business Objects

This tool helps non-technical users in visualizing, analyzing and reporting data, while seamlessly integrating to the rest of the SAP suite. SAP has predictive forecasting features for enhanced and deeper insights into the data. It will be best to use this tool if you are a SAP customer, already using an SAP commerce storefront. 

Features

1. Scalable information infrastructure
2. Predictive analytics
3. Data column filtering
4. Enhanced reporting
5. Cross enterprise sharing
6. Interactive role based BI dashboards
7. Office integration

Pricing

SAP Business Objects provides custom pricing offer for their customers on request.

🎯 Bonus! - Retable & ChatGPT Integration

Retable consistently works in tandem with new technologies. Therefore Retable has a unique solution that is designed to boost productivity for both individuals as well as larger teams with AI integrated into its spreadsheets.

Retable's GPT column type to allows you to generate any data with ChatGPT directly in your Retable spreadsheets. Thanks to the GPT column it's now possible to use ChatGPT with Retable. This ChatGPT and Retable integration has almost countless use cases, let’s explore how to use it! 👇🏻

Final Thoughts

AI tools are not anymore a thing of imagination. It has the potential to put your business in the fore. There are several AI tools that help you analyze data accurately. It is necessary to know which fits your company according to the requirements. Making the right choice will help you achieve your business goals. 

In the journey to harness the full potential of AI tools for data analysis, the guidance of seasoned professionals can be invaluable. Hiring data analytics consulting specialists from Toptal can provide you with the expertise needed to navigate the complexities of data analytics, ensuring your strategy is both effective and aligned with your business goals.

Get started soon with the help of the list of AI tools that we have collated. Know how to visualize your data and find the right insights for your organization.

Frequently asked questions

1. How to use AI tools for data analysis?

AI can examine large amounts of data to find trends and patterns to help users to improve their marketing, sales etc.

2. What was the most used AI tool used by data analysts?

Some of the most used AI tools by data analysts are;

1. Tableau
2. Power BI
3. Akkio
4. Qlik
5. KNIME

3. Why is AI important to data analysis?

AI tools can help businesses identify trends, patterns and outliers that can help businesses find out potential opportunities or risks.