Thursday, March 21, 2024

How do I implement or use AI features in Microsoft Excel?

Microsoft Excel belongs to the group of Microsoft 365 programs and you need to have a subscription to use it.

As to using AI features in Microsoft 365 you need to subscribe to CoPilot Pro associated with the Microsoft 365 account. You need to spend like $20 per month to have this capability. This subscription will allow you to:

1. Analyze Data The Copilot can be tasked to provide appropriate help on formulas, predictions and correlations of all sorts.

2. It allows SWOT analysis or matrix, a strategic planning and management technique. It claims to find strengths(S), weaknesses(W), opportunities(O) and threats(T) from competitors. A tool for fact based strategic decision making that may provide new insights and ideas at improving the business. Here is graphic copied from the web (https://templatelab.com/swot-analysis-templates/).

In order to use these features, you need to update your Microsoft 365 license. Click File and at the bottom group click on Update License. You get a verify your subscription. Follow the instructions.

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