10 Best AI Tools for Business Analytics in 2024

Nowadays, dealing with big data in organizations can be a bit tricky. To make your job easy, we will be presenting the 10 Best AI tools for business analytics. These AI tools can even clean and frame complex data with the help of some simple commands for free ai tools for data analysis. You can apply the maths, different filters, and operations to make them do the work in a fraction of a second which could take a week of manual calculation.

These AI tools for business analytics are the keys to obtaining the required conclusion and solution to different problems related to marketing and research in this data-driven stage.

10 Best AI Tools for Business Analytics

One by one we will be discussing all the things you should know about these 10 best Business Analytics AI tools. From ChatGPT’s prediction to PowerBI’s chart, these things always help in business development by giving out the best decisions.

So, let’s find out the Best free ai tools for business featured advantages and subscription plans in this article including pricing plans for:

1. Tableau

Tableau is a powerful tool for visualising data. Even without the knowledge of programming, you can do the analysis using some basic commands.

Features:

• Reports can be easily created and shared among multiple people.
• The language of data presentation is very understandable and simple.
• Tableau is one of the AI tools for business analytics that has an automatic system for task management.

Pros:

• The people who have less technical knowledge can also use it.
• Data cleaning and modification are done automatically by its algorithm.

Cons:

• Some advanced features may need high technological knowledge.
• Licensing costs for professional plans are quite expensive.

Pricing:

• Free Plan
• Creator Plan at $70/month

Website Link: https://www.tableau.com/

2. ChatGPT

ChatGPT is one of the Best free AI tools for business that help create useful patterns from a given database. It not only analyses the data but also makes proper strategies to solve problems.

Features:

• ChatGPT finds the trends and patterns in the database.
• It can make future predictions by using the methods of statistics and regression.
• It understands the simple everyday language of a user to execute the commands.

Pros:

• ChatGPT enhances the decision-making capability of a user.
• Simple English queries are the only things required to analyse the data in ChatGPT which places it among the best AI tools for business analytics.

Cons:

• Users need to be extra careful so that their data stays private.
• Sometimes the results it generates may not be completely relevant.

Pricing:

• ChatGPT 3.5 is free.
• ChatGPT 4 costs $20/month.

Website Link: https://chat.openai.com/

3. Polymer

In this list of AI tools for business analytics, polymer stands out as a good one, because of its extraordinary features. It is widely used for visual modifications and for creating dashboards from Excel and Google Sheets.

Pros:

• The people who don’t have a rich technological background can use it easily.
• The dashboards it creates look elegant.

Cons:

• It does not have enough features for professional use.
• Polymer cannot process data except spreadsheets.

Pricing:

• Free trial
• Starter plan at $50.
• Pro plan at $100.
• Team plan at $250.

Website Link: https://www.polymersearch.com/

4. MonkeyLearn

Business analytics AI tools like Monkeylearn understand the texts and help sort a certain database. It has some advanced features like sentiment analysis, categorisation and creating charts.

Features:

• It can analyse various kinds of things like texts, charts and transcripts.
• By going through the textual data, it can understand the sentiment.
• It can dataset as per the requirement of the user.

Pros:

• It is very effective for understanding unstructured data which is a unique AI tool for business analytics.
• MonkeyLearn does the sorting and sentiment analysis very efficiently.

Cons:

• It requires rich technological knowledge.
• Privacy problems may occur in text analysis, that’s why the users need to be very careful.

Pricing:

• Starting from $299 for organisations.

Website Link: https://monkeylearn.com/

5. Microsoft PowerBI

Microsoft PowerBI is widely used by organisations and freelancers. Data analysts consider it one of the best AI tools for business analytics because of its features and user interface.

Features:

• It makes different charts with enhanced visuals by analysing the data.
• Microsoft PowerBI can process all types of files.
• Azure Machine Learning feature predicts data for the future.

Pros:

• It is a useful software for organisations.
• Data visualisation and editing can be efficiently done using this software.

Cons:

• Beginners may face a lot of trouble without proper knowledge.
• Advanced features may require additional expertise.

Pricing:

• Free plan.
• Pro plan – $10/month.
• Premium plan – $20/month.

Website Link: https://www.microsoft.com/en-us/power-platform/products/power-bi

6. Sisense

Sisense is considered one of the best AI tools for business analytics because of its drop-down interface and developer-friendly features. Sisense solves business analytics problems using natural language processing and generative AI.

Features:

• It doesn’t require high programming knowledge.
• Its unique drop-down interface is very famous among users.
• Natural language processing understands queries in everyday language.

Pros:

• It provides efficient decisions for business development.
• Sisense’s no-code feature helps people from non-tech backgrounds.

Cons:

• Beginners may have to face troubles while using it.
• Its advanced features are very complex.

Pricing:

• $65/month.

Website Link: https://www.sisense.com/

7. Akkio

Akkio is one of the best AI tools for business analytics and is widely used by professionals. By analysing a small database, it can generate predictions for a large database. Akkio allows all types of users, even those from those technical backgrounds to experience its features.

Features:

• It can generate future trends by analysing a database.
• You can create reports with various types of visuals without having any technical knowledge.
• Akkio is greatly efficient for creating reports of marketing and sales.

Pros:

• This AI tool for business analytics can be easily learnt by beginners.
• It creates reports of a database in very little amount of time.

Cons:

• The prediction it makes may not be accurate sometimes.
• Advanced features for large data analysis don’t exist.

Pricing:

• Varies from $49/month to $1999/month for different types of users.

Website Link: https://www.akkio.com/

8. Google Looker

Google Looker is a part of Google Cloud for data analysis. It can be easily accessed using a browser. Its embedded analytic facility provides good features for business analytics.

Features:

• It supports data exploration and analysis.
• It has a cloud database management system to process large databases.
• Google Looker can create applications using embedded analytics.

Pros:

• Its cloud-based processing is highly scalable.
• It is one of the AI tools for business analytics that doesn’t require device storage for executing the analysis.

Cons:

• Reports are not generated automatically, which is why manual effort is highly needed.
• Users need to go through complex steps for professional analysis.

Pricing:

Free trial for 90 days.

Website Link: https://cloud.google.com/looker?hl=en

9. Qlik Senses

Qlik is a very useful platform for users of all levels. Business analytics AI tools like Qlik present a broad field for analytics and visual representation.

Features:

• The Dashboard of Qlik is very interactive.
• It has unique features for team collaboration.
• It is famous among beginners to professionals.

Pros:

• Collaborations can be easily done using this AI tool, which creates a beneficial path for professional teams.
• It can be accessed even without advanced technological skills.

Cons:

• Beginners may find difficulties while using it.
• Some additional functionalities may require advanced skills.

Pricing:

• Standard plan – $20/month.
• Premium plan – $2700/month.

Website Link: https://www.qlik.com/us

10. Splunk

Splunk, though not solely designed for business intelligence, is a valuable tool for centralising data management. Organisations benefit from its capability to monitor, search, and analyse data from various sources, particularly in security and observability.

Features:

• It has a centralised data management system that gathers data from multiple sources.
• Splunk doesn’t take much time to conduct an analysis.
• Security-related tasks can be solved easily using this AI tool for business analytics.

Pros:

• It centralised data from different sources.
• It is a quick and punctual tool for analysis.

Cons:

• Only a limited type of analysis can be done using it.
• It needs specialisation for optimal utilisation.

Pricing:

$150/month.

Website Link: https://www.splunk.com/

Best AI tool for Business Analytics

Choosing the perfect AI tool for business analytics depends on what you need. One good option is ChatGPT. It’s like a helpful assistant for business analysts. It can analyse data, find trends, and predict things. This makes it useful for making smart decisions and understanding what customers might do. If you need to add filters and various visuals to your report, Microsoft PowerBI can be the one you need.

It provides features of predictive analysis using Azure Machine Learning, that helps most of the users from technical backgrounds and professionals.

Conclusion

In conclusion, exploring AI tools for business analytics reveals various options, each with unique strengths. The simplicity of Tableau, the text analysis of MonkeyLearn, or the extraordinary features of ChatGPT, all of these tools help simplify the process of data analysis.

Choosing the right tool depends on your business needs whether it’s the ease of use, analytical capabilities, or the one that suits your budget. Observing through these tools isn’t just about data; it’s about empowering businesses of all sizes to make useful decisions for further development.

Best AI Tools for Business Analytics- FAQs

Is there any AI tool for business analytics?

Polymer, Tableau, Monkeylearn, PowerBI etc are some of the best AI tools for business analytics. Some of them even provide the features to create different elegant visuals.

Will business analysts be replaced with AI?

There is no chance that business analysts will be replaced with AI. Business analytic tools like Tableau, PowerBI etc need human commands and queries to execute a certain task.

How to use AI in business analytics?

AI tools for business analytics like ChatGPT, Monkeylearn, PowerBI, Tableau, Qlik etc use different algorithms to perform the analysis. To execute these algorithms, you need to apply some queries or commands.

Can I use ChatGPT to analyse data?

Yes, ChatGPT is among the best AI tools for business analytics. It has the Natural Language Processing(NLP) system to understand the commands of a user. You can simply enter such commands and data to perform the analysis.

What is the best AI tool for data analytics?

Microsoft PowerBI, Tableau, Qlik, Polymer, Akkio etc are the best AI tools for data analytics. You need to understand your requirements and their deliverables to choose the one you need.