Some of the best AI tools for data analysis are Datapad, Tableau, Polymer, KNIME, Microsoft Power BI, Medallia, AnswerRocket, Luzmo, Akkio, and Adverity.
In this article, we walk you through the selection criteria for AI data analysis tools and talk about the products – their features, pros and cons, and pricing.
There are 5 factors to consider when selecting an AI tool for data analysis:
Let’s see what makes these factors essential individually.
Look for AI data analysis tools that are easy to use and navigate, even for non-technical users. A user-friendly design significantly reduces the learning curve for your team.
Additionally, ensure the software offers self-help resources and doesn't require extensive training sessions or dev ops guidance to master the tool's workings.
AI models require regular updates and constant learning to maintain accuracy and relevance. Especially as your business data changes over time, it's crucial that the chosen software supports model updates and version control, allowing you to adapt to new data trends and requirements without significant downtime or manual intervention.
AI can indeed hallucinate. We have seen it with ChatGPT and other AI models, too. Therefore, you must vouch for the tool's analytical accuracy and response time.
The best way to test the tool's accuracy and reliability is to use the free trial. You can also skim through user reviews to understand any inaccuracies or flaws users have experienced using the platform.
As your data grows, the selected tool should be able to scale accordingly. Evaluate the tool's performance with large datasets and its ability to handle increased workloads without compromising speed or accuracy.
Scalability is essential for future-proofing your data analysis capabilities as business needs evolve.
Look for AI data analysis tools with robust automation and analytical capabilities. They must automate monotonous processes such as data collection, harmonization, and preparation for analysis.
Additionally, ensure the tool can handle different data formats and analyses, like descriptive, diagnostic, predictive, or prescriptive – based on your business needs.
Datapad offers a powerful solution for tracking essential metrics through visually appealing dashboards. Its standout feature is its user-friendly interface, which allows you and your team to track KPIs without technical skills.
Designed specifically for agencies, Datapad simplifies the onboarding process for new clients with one-click templates and enables the sharing of performance reports via read-only links.
The AI insights tool lets anyone detect anomalies in their data and provides actionable to-do items to increase performance.
Datapad’s AI looks through all your data and metrics regularly. It then performs statistical analysis and comes up with important insights (week over week, changes, trends, anomalies, etc.). The end result is an AI-generated graph for every analysis that Datapad does, which you can send over Slack or email to your clients or teammates.
The AI also lets you view all your key events on a timeline, combine data from all sources, and create an overarching analysis to tell you how your business is performing.
You can click through any insights AI gives to dive deeper into the dashboard.
With Datapad’s AI assistant, you can:
Ad-hoc analysis lets you interact with any chart or data point on your mission control dashboard. You can do so by:
Datapad has a free tier that includes 1 dashboard. If you want more, you can upgrade to the $30 Standard Plan, which includes 3 dashboards and scales with your usage. Datapad also offers a Business Plan tailored for agencies and includes dedicated customer support.
We are now offering an early bird discount to all users, so it's a great time to sign up and give Datapad a spin.
✅ Let’s you import KPIs from unlimited data sources in the free plan.
✅ Lets you subscribe to dashboards to get daily highlights.
❌ Variety of charts and graphs selection can be widened.
Tableau by Salesforce is a powerful BI and data analytics platform. Its AI-powered analytics system simplifies data interpretation and insight consumption at scale.
Tableau has three paid plans to choose from:
You can contact their sales team to get the pricing depending on the plan and the number of licenses you need.
✅ Integrates well with various data sources.
✅ Easily accessible from the cloud, desktop, or mobile app.
❌ Lacks automated report refreshing and scheduling capabilities.
Polymer is an AI-powered data analysis and visualization software trusted by hundreds of companies, including Spotify, EA Games, Adobe, and IKEA. The platform is easy to use and lays AI on top of your unstructured data for quick visualization and insights.
Polymer doesn't offer a free plan. However, there's a 7-day free trial. After which you can choose from its paid plans:
✅ Easy to use and beginner-friendly.
✅ Extensive catalog of templates and data visualization elements.
❌ Not a team analytics platform.
KNIME (Konstanz Information Miner) is an open-source data analytics and reporting platform that helps data scientists build and deploy custom analytic models, workflows, and pipelines with low/no code.
KNIME features a generous free version for individual use. Other than that, it has four premium plans:
✅ Access all popular AI/ML libraries, including LLMs, through an open ecosystem.
✅ Lets you do rapid prototyping and model building.
❌ Limited visualization capabilities.
Microsoft Power BI is a dynamic, self-serve analytics platform that lets you easily connect to your own data sources, visualize, and discover important insights.
It offers a range of visualization options and data modeling capabilities catering to the analytical needs of businesses of all sizes.
Power BI offers a free forever plan. Other than that, it has two paid subscriptions to choose from:
✅ Extensive catalog of data connectors.
✅ Well-integrated with MS Office 365 app ecosystem.
❌ An outdated UX/UI interface gives PowerBI a steep learning curve.
Medallia is an AI-powered text analytics tool that is useful for analyzing customer sentiments across channels. Its AI capabilities enable you to extract meaningful insights from customer feedback and day-to-day interactions.
Medallia's official website doesn't mention pricing. You can request a demo and then talk about its pricing with their sales team.
✅ Excels at text analysis across channels.
✅ Offers AI model management for better accuracy in responses.
❌ The effectiveness of the platform relies heavily on customer participation.
AnswerRocket is an enterprise-grade AI analytics software. Its AI assistant – Max, integrates with OpenAI's GPT-4 LLM, allowing you to chat, visualize, and analyze data via plain English texts.
AnswerRocket doesn't mention pricing on the official website. You can request a demo and have a conversation about pricing later.
✅ Easy to use and set up (also integrates with Slack and MS Teams).
✅ Allows to create dedicated AI models for specific tasks.
❌ Limited accessibility for users who prefer mobile support.
Luzmo is an embeddable analytics platform designed for SaaS companies. It was initially launched under the name Cumul.io, reflecting its focus on democratizing data analytics for businesses of all sizes.
Luzmo offers a 10-day risk-free trial. After that, you can choose from its paid plans:
✅ Flexibility to choose preferred AI integration.
✅ Extensive data connectors coupled with white-label analytics; a great duo.
❌ Expensive for startups and small businesses.
Akkio is a generative AI platform designed to simplify analytics and predictive modeling for digital agencies.
It's the only no-code solution amongst Google Cloud AI, Microsoft Azure, and Amazon Sagemaker, with the lowest training time (1 minute per model) and cost (free), allowing non-technical business users to apply machine learning to their workflows.
Akkio offers a generous free trial. Other than that, it has three paid plans:
✅ Allows for easy deployment and scaling of machine learning models.
✅ Accessible for both technical and non-technical users.
❌ The tool is not suitable for users requiring more control and customization of their AI models and workflows.
Adverity enables data analysts and marketers to connect, enrich, and manage data from a centralized hub, with AI as a sidekick.
Adverity serves a diverse clientele, including global brands like Ikea and Forbes, and is rapidly gaining traction as businesses increasingly recognize the importance of data-driven decision-making.
Adverity doesn't mention pricing on its official website. However, you can fill out a form and contact their sales team to get a quote.
✅ Extensive catalog of data connectors.
✅ AI-powered data integration and harmonization capabilities.
❌ Lacks customization options for dashboards and reports.
Data analysis is an integral part of any business, and you need the right tools to perform it.
With the software that leverages AI for data analysis, you can tap into your data at a whole new level, get to know the trends and patterns non-AI tools might fail to identify, and generate automated reports to send to your clients and team.
If you or your team don’t have the time to try every product on our list, sign up for Datapad, import your KPIs, and create stunning dashboards for you and your team.
