Microsoft Excel is the most used tool for manipulating spreadsheets and creating analyses. With decades of development behind it, Excel can support almost any standard analysis workflow and can be extended through its native programming language, Visual Basic. Next, in our list of data analysis tools, a more technical area related to statistical analysis appears. In reference to calculation techniques that often contain a variety of statistical techniques for manipulating, exploring and generating information, there are several programming languages to facilitate and make the work of (data) scientists more effective.
With the expansion of several languages that are currently present on the market, science has its own set of rules and scenarios that require special attention when it comes to the analysis and modeling of statistical data. Here we will introduce one of the most popular tools for a data analyst: Posit (formerly known as RStudio or R programming). Although there are other languages that focus on (scientific) data analysis, R is particularly popular in the community. MonkeyLearn is a no-code machine learning platform that provides a complete set of advanced data analysis tools for analyzing unstructured, real-time, 24-hour data.
MonkeyLearn's suite of data analysis tools allows you to classify data by topic, sentiment, intent, and more, or extract relevant information, such as names, locations, and keywords. Native integration and a robust API make it easy to connect the tools and applications you're already using to the MonkeyLearn machine learning tools. To make it really easy to discover information in your text data, MonkeyLearn Studio provides a data visualization tool integrated into the application, so you can move from data analysis to data visualization, all in one place. RapidMiner is a data science platform that helps companies create predictive machine learning models from data.
It's aimed at data analysis teams that want to tackle challenging tasks and manage large amounts of data, so you'll need technical training. KNIME is a free and open source platform for creating data science workflows. It has an intuitive drag-and-drop interface that allows you to import data from different sources, create advanced machine learning solutions and visualize data. Like most open platforms, it is constantly updated and has an active community of collaborators.
KNIME allows users to create flows visually, making it easy even for non-programmers. Talend offers a suite of cloud applications for data integration. It's designed to help companies collect all their data on a single platform so that teams can access the right data when they need it. Talend offers a free, open source version and several commercial alternatives.
Microsoft Excel can be used to filter, organize and visualize quantitative data, making it the perfect tool for simple data analysis. You can use a wide range of formulas, filters and create dynamic tables, tables and graphs to synthesize the data you have collected. However, there is a limit to the amount of data that Excel can handle, so you may need more powerful tools if you want to analyze the data at scale. Explore common functions and formulas for data analysis in Excel.
Airtable is an easy-to-use cloud collaboration tool that is defined as “part spreadsheet, part database”. It provides data analysis and visualization functions (like other traditional spreadsheet tools), but with a powerful database on the back end. Using “views”, you can easily interact with the database to manage, track and find data. In addition, developers can connect Airtable with other applications through an API.
Business intelligence tools, such as Microsoft Power BI, are extremely important in the data analysis process because they allow companies to easily detect trends, patterns, and information in large data sets. Microsoft Power BI allows users to import data from hundreds of sources and drag and drop elements to create dashboards and reports in real time. Equipped with artificial intelligence, an integration with Excel, and pre-designed and custom data connectors, you can gain valuable information and easily share it with the rest of your team. Tableau is a powerful data analysis and visualization platform that allows you to connect all your data and create attractive reports and interactive dashboards that are updated in real time.
It's easy to use, supports large amounts of data, and can be run on-premises or in the cloud. ClicData is a comprehensive business intelligence platform with extensive connectivity, data transformation, automation and visualization functions. ClicData is 100% cloud-based and works on all operating systems and devices. Quantitative data, often numerical data stored in spreadsheets and databases, can be easily transformed into visual information using data analysis tools in Excel and BI tools such as Tableau.
However, making sense of qualitative data, such as open responses to surveys, emails, and social media conversations, often requires artificial intelligence data analysis software. COVID-19 has changed everything, and international research firms, such as Gartner, recommend that companies take advantage of new artificial intelligence and machine learning techniques to extract feedback and data from new customers from internal systems and the Internet, rather than relying solely on historical data. SaaS data analysis tools, such as MonkeyLearn, for example, use powerful machine learning techniques to (collect), (analyze) and (visualize) data results. In addition, instituting techniques, such as a customer feedback cycle, will ensure that you're constantly collecting and analyzing customer data to improve products and services and, ultimately, your bottom line.
Finally, how long does it take to implement data analysis tools? Do you need a solution that will be up and running in 4 weeks or 4 months? If you're building your own data analysis tools, you'll have to consider the costs of unproductive waiting time. MonkeyLearn is a comprehensive text analysis and business intelligence tool that can sort, analyze and visualize your data in a very short time. Request a demo to learn more. Before platform cleaning existed, analysts cleaned data manually, which is also a dangerous practice, since the human eye quickly makes mistakes.
SAS (which stands for Statistical Analysis System) is a popular commercial suite of business intelligence and data analysis tools. RapidMiner is an excellent data analysis software for machine learning, is easy to use and provides a powerful graphical user interface. Qualtrics is a data analysis software that focuses on experience management (XM) and that companies around the world use for market research. It tries to differentiate itself from other tools because it is a tool that prioritizes SQL and makes its workflow more efficient, modern, powerful and, in general, more efficient.
Juicebox is the easiest and most beautiful way to create interactive and visually appealing presentations and data visualizations. It integrates well with other languages and systems (including big data software) and can use code from languages such as C, C++ and FORTRAN. Specializing in business analysis, these solutions will prove to be beneficial to all data analysts who need to analyze, monitor and report on important findings. The suite handles large amounts of data better than many other BI tools, and is very easy to use.
The creation of models to structure the database and the design of business systems using diagrams, symbols and text ultimately represent how data flows and how it is connected to each other. .
