Excel is a very powerful software for calculating and evaluating data. You can input your data and calculate the results along with different functions in Excel. Moreover, Excel provides us with suggestions based on the analysis of our data. It shows us whether the data is geographic or stock-related data. Sometimes you may find smart suggestions in analyzing your data. These are the features of artificial intelligence in Excel. In this article, we are going to discuss the features and uses of artificial intelligence in Excel. So let’s get started.
Artificial Intelligence: Nuts and Bolts
Artificial Intelligence means the combination of human intelligence with the help of machines, more specifically computer systems, software, etc. Our living, working, and communication are changing as a result of artificial intelligence (AI). AI is coming around to our procedures and the geography of every occasion across all aspects of our lives, from our day-to-day lives to our social communications. The interest in applying AI is rising quickly. There are some basic elements in the field of artificial intelligence. They are:
- Language Processing
- Expert Decision
- Computational Simulation
Artificial Intelligence changes our view of our lives. So, Excel is not out of touch with AI.
How to Use Artificial Intelligence in Excel (4 Easy Examples)
There are several features from which you can get intelligent suggestions in Excel. That means it works like an artificial intelligence system. There is real-time stock and geographical descriptions of specific regions. There are some dynamic array functions also. We have tried to discuss all the artificial intelligence features in Excel.
Not to mention, we have used the Microsoft Excel 365 version. You may use any other version at your convenience.
Example 01: Evaluating Intelligence Suggestions with Analysis
There is a built-in Analyze Data feature that takes your selected data. When you are working with a large dataset and want to insert a chart, the Analyze Data option has made it easier. It is a matter of AI that automatically gives you some suggestions. Follow the steps stated below.
- Firstly, select the entire data range and move to the Analyze Data from the Analysis section.
Eventually, the Analyze Data panel appears. You can choose different charts according to your preference. It also shows some intelligent suggestions for choosing your decision towards your company or product-related information.
You can insert any of the charts at your preference that is relevant to your dataset. We have inserted a chart for better visualization.
Example 02: Showing Real-Time Stock Price
The persons who invest their money in the stock market have to always check the latest stock price to gain profit from them. As a result, they go to the stock exchange market to get updates. However, you can easily check the latest stock price of a company using Microsoft Excel from your home. You can get more information about the stock through the built-in Stocks feature. Follow the below steps to use it.
- Firstly, write down some stock’s shortcodes like the image below.
- Consequently, select the entire data range >> go to the Insert tab >> choose Table from the Tables group.
- Apparently, the Create Table window appears. Check the My table has headers box and hit OK.
- At this moment, select the range of the data table and hover over the Data tab >> Pick Stocks from the Data Types section.
- Subsequently, the shortcode will turn into the stock names.
- Moreover, you can add a column from the Add Column command which is in the right top corner of your data table.
- We chose 52 weeks high and Currency from the column section. There is a lot of option available in the Add Column section.
Lastly, you can see the column has been added to your stock section.
However, you can click on the stock sign and get important information about the related stocks like the GIF below.
Read More: How to Perform Machine Learning in Excel
Example 03: Using Geography in Excel
You can use Excel’s built-in Geography feature to find information about different regions. You need to just write up the region name and Excel will suggest geography. Follow the below steps to show geography.
- Firstly, write up some country or region and make a table with the data as we mentioned before.
- Eventually after creating a table >> navigate to the Data tab >> pick Geography from the Data Types group.
- Now, add columns from the Add Column section that exists in the upper right corner of the data table.
- Additionally, pick some columns to your preference as we pick ours.
However, if you click on the geographic sign, you can find the available information on the internet about that specific region (see the GIF below).
Example 04: Employing Dynamic Array Functions
Generally, we created a formula to get the desired value. A significant value is obtained by one function. But while using the dynamic array functions, you can get a series of results with one formula. This will enable you to create more powerful spreadsheets more quickly, with fewer formulae, and with a lower risk of error.
We have written down some incredible new functions to take advantage of the power of dynamic arrays. As an illustration, you could sort a list using the SORT function, eliminate duplicates from the list using the UNIQUE function, and then use the FILTER function to extract only the information you need from the list. The dynamic array will also automatically resize and recalculate when the data changes. Follow the below steps to use these functions.
- Firstly, go to cell C5 and insert the formula.
This function will sort the data of B5:B11 alphabetically as you can see in the image.
If you have duplicates in your dataset then you can use the UNIQUE function to remove the duplicates.
For using the function go to cell C5 and write up the following function.
The above syntax will remove the duplicate value from the range of B5:B13.
At this moment, you want to choose specific data based on your criteria. In the below dataset, you want to filter the data to know the USA citizen.
- Initially, go to cell D5 and insert the formula.
The function will filter the data in the B5:B11 in the criteria_range C5:C11 for the criteria of USA.
Besides, the above dynamic functions there are also SORTBY and SEQUENCE functions which are examples of artificial intelligence.
We have provided a practice section on each sheet on the right side for your practice. Please do it by yourself.
Download Practice Workbook
Download the following practice workbook. It will help you to realize the topic more clearly.
That’s all about today’s session. And these are some easy methods to use artificial intelligence in Excel. Please let us know in the comments section if you have any questions or suggestions. For a better understanding please download the practice workbook.