6 Excel Add Ins Every Data Analyst and Data Scientist Must install in their Machines


No matter what you do, you can’t avoid excel. So, may as well dive into it & tame the beast.

Getting the insights illustrations

Here are six excel Add Ins that every data analyst and data scientist must install in their machines.

1.KUTOOLS FOR EXCEL

Kutools for excel features
  1. Kutools for Excel is a handy Excel add-in with more than 300 advanced features to simplify various kinds of complicated tasks into a few clicks in Excel. For example,Excel users can easily combine worksheets with several clicks, merge cells without losing data, paste to only visible cells, and so on.

How do I insert Kutools in Excel?Click the Office Button in Microsoft Excel 2007[if you still using the old version], and click the File tab in Excel 2010/2013/2016; Click the (Excel) Options button; Then you will enter into the Excel Options window, go on to click the Add-Ins button. Now you can easily view and manage all Add-ins in Excel.

How do I insert Kutools in Excel?

Excel add ins

2. POWER Query

Power Query:

  • Power Query enhances self-service business intelligence (BI) for Excel with an intuitive and consistent experience for discovering, combining, and refining data across a wide variety of sources including relational, structured and semi-structured, OData, Web, Hadoop, and more.
Power query in Excel
  • Microsoft Power Query for Excel, is a new add-in that provides a seamless experience for data discovery, data transformation and enrichment for Information Workers, BI professionals and other Excel users.
  • With Power Query you can:
    • Identify the data you care about from the sources you work with (e.g. relational databases, Excel, text and XML files, OData feeds, web pages, Hadoop HDFS, etc.).
    • Discover relevant data from inside(*) and outside your organization using the search capabilities within Excel.
    • Combine data from multiple, disparate data sources and shape it in order to prepare the data for further analysis in tools like Excel and Power Pivot, or visualization in tools like Power View and Power Map.
    • Share the queries that you created with others within your organization, so they can be easily found via Search. (*)

The Query Editor only appears when you load, edit, or create a new query. To view the Query Editor without loading or editing an existing workbook query, from the Get External Data section in the Power Query ribbon tab, select From Other Sources > Blank Query. The following video shows one way to display the Query Editor.

3. Power Pivot

Top features of Powerpivot for Excel

PowerPivot
  • Import millions of rows of data from multiple data sources    With Powerpivot for Excel, you can import millions of rows of data from multiple data sources into a single Excel workbook, create relationships between heterogeneous data, create calculated columns and measures using formulas, build PivotTables and PivotCharts, and then further analyze the data so that you can make timely business decisions all without requiring IT assistance.
Why to use excel pivot table
  • Enjoy fast calculations and analysis   Process millions of rows in about the same time as thousands, and make the most of multi-core processors and gigabytes of memory for fastest processing of calculations. Overcomes existing limitations for massive data analysis on the desktop with efficient compression algorithms to load even the biggest data sets into memory.
  • Virtually Unlimited Support of Data Sources   Provides the foundation to import and combine source data from any location for massive data analysis on the desktop, including relational databases, multidimensional sources, cloud services, data feeds, Excel files, text files, and data from the Web.
  • Security and Management Power Pivot Management Dashboard enables IT administrators to monitor and manage your shared applications to ensure security, high availability, and performance.
  • Data Analysis Expressions (DAX)   DAX is a new formula language that extends the data manipulation capabilities of Excel to enable more sophisticated and complex grouping, calculation, and analysis. The syntax of DAX formulas is very similar to that of Excel formulas.

4. Solver Add In:

The Solver Add-in is a Microsoft Office Excel add-in program that is available when you install Microsoft Office or Excel.

what if analysis using solver add-ins
There are three kinds of What-if analysis tools that come with Excel, namely Scenario Manager, Goal seek, and data tables.
what if analysis using solver add in in excel

To use the Solver Add-in, however, you first need to load it in Excel.

Solver is a what-if analysis tool for optimization. It is an add-in licensed from Frontline Systems that has shipped with Excel for many years.

solving linear and Nonlinear problems using solver add -in

 Solver helps to find an optimal value in one cell, called the target cell, on your worksheet. It has three solving methods for solving spreadsheet optimization problems.

Solver Add -in
  • Simplex Method  :-The Simplex method is used for solving linear problems. The Simplex solving method has several performance enhancements in Excel 2010 resulting in greatly improved performance for some problem types.
  • GRG Nonlinear :-  The GRG solver is used for solving smooth nonlinear problems. There is a new Multi-start search setting which when used in conjunction with the GRG solver results in better solutions, escaping locally optimal solutions in favor of globally optimal ones.
  • Evolutionary Solver:-  The new Evolution solver accepts Solver models defined in exactly the same way as the Simplex and GRG Solvers, but uses genetic algorithms to find its solutions. While the Simplex and GRG solvers are used for linear and smooth nonlinear problems, the Evolutionary Solver can be used for any Excel formulas or functions, even when they are not linear or smooth nonlinear. Spreadsheet functions such as IF and VLOOKUP fall into this category.

There is a new type of integer constraint known as All Different that form a permutation of integers, making it easy to define models with ordering or sequencing. The well-known travelling salesman problem is hard to define in the current solver, but it can be defined with just an objective and one AllDifferent constraint. Microsoft has added a number of new report types that provide additional detail about the problem being solved.

  • Linearity Report If you try to solve a model that is not linear, Solver will indicate that linearity conditions were not satisfied.
  • Feasibility Report  If you try to solve a model that has no feasible solution, Solver will display the message “Solver could not find a feasible solution” in the Solver Results dialog.
  • Population Report   Where the Simplex and GRG Solvers find a single solution, the Evolutionary Solver creates a population of candidate solutions. When this Solver Engine stops, the best solution from the population is displayed on the worksheet, but a new report is available in the Solver Results dialog.

5. Analysis Toolpak

If you need to develop complex statistical or engineering analyses, you can save steps and time by using the Analysis ToolPak. You provide the data and parameters for each analysis, and the tool uses the appropriate statistical or engineering macro functions to calculate and display the results in an output table. Some tools generate charts in addition to output tables.

The Analysis ToolPak includes the various tools some of them are described below.

  • ANOVA  The Anova analysis tools provide different types of variance analysis. The tool that you should use depends on the number of factors and the number of samples that you have from the populations that you want to test.
  • Descriptive Statistics   The Descriptive Statistics analysis tool generates a report of univariate statistics for data in the input range, providing information about the central tendency and variability of your data.
  • Fourier Analysis    The Fourier Analysis tool solves problems in linear systems and analyzes periodic data by using the Fast Fourier Transform (FFT) method to transform data. This tool also supports inverse transformations, in which the inverse of transformed data returns the original data.

6. ASAP UTILITIES

Time saving – speed up your work in Excel

ASAP Utilities is the product of many time-saving features and additions for Excel.
The extensive features are the result of years of experience and development, combined with the feedback from many respected users at different levels of experience. Particularly the feedback from users has been very important, and will continue to be important in further development.

ASAP utilities

ASAP = As Soon As Possible

ASAP Utilities is called this way because it significantly reduces time-consuming work. ASAP is an acronym that stands for “As Soon As Possible” (definition). Some choose to spell it out, others tend to pronounce it “aysap”. The word utilities means something useful (definition). Combined together ASAP Utilities stands for useful time-saving macro tools for Excel.
Most people struggle with managers, bosses or clients that tend to ask for you to get the job done yesterday, which of course is often difficult to pull off. ASAP Utilities doesn’t allow you to travel back in time but it can certainly help you to speed up your work in Excel.

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