Is Excel Dead? Meet the ChatGPT Data Analyst
Discover if Excel is being replaced by AI data analysts like ChatGPT and how you can leverage the power of AI for data analysis. Explore the benefits of using ChatGPT for in-depth analysis and decision-making, and how it can simplify complex data tasks for you.
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Video Summary & Chapters
1. Introduction to ChatGPT Data Analyst
Exploring the features of ChatGPT for data analysis in Excel.
2. Custom GPTs Exploration
Discovering custom GPTs and their functionalities.
3. Featured GPT Examples
Exploring trending GPTs like Canva and cartoon image creation.
4. Data Analyst GPT
Introduction to the Data Analyst GPT for data analysis tasks.
5. Excel Data Overview
Understanding the data within the Excel file for analysis.
6. Starting Simple Analysis
Initiating basic data queries with the Data Analyst GPT.
7. Step-by-Step Analysis
Detailed walkthrough of how the GPT obtains data insights.
8. Advanced Data Query
Performing complex data analysis with the Data Analyst GPT.
9. The Capabilities of the Data Analyst
Exploring the impressive capabilities of the ChatGPT Data Analyst.
10. Creating Visuals: Bar Chart
Testing the data analyst's ability to generate a bar chart showing profit by year.
11. Calculating Profit and Modifications
Analyzing profit calculation and making modifications to the bar chart.
12. Formatting Changes
Adjusting the Y-axis to display profit in USD currency format and changing bar colors.
13. Efficiency and Simplification
Comparing the ease of formatting tasks in the data analyst versus Excel.
14. Analyzing Profit Trends
Exploring reasons for flat profits and detailed analysis provided by the data analyst.
15. Exploring Seasonal Trends
Investigating seasonal trends in cookie sales with the help of the data analyst.
16. Unlocking Insights with AI
Highlighting the importance of asking the right questions to leverage AI for data insights.
17. Closing Remarks and Subscription
Encouraging viewers to subscribe for more insightful videos on data analysis.
Video Transcript
Imagine that you have lots and lots of data that you need to analyze in Microsoft Excel.
Yeah, lots and lots of data.
Of course, I could insert a pivot table where you use formulas and functions to try to make sense of it all.
That is if you even know how to use them.
Or you can simply hire your very own AI data analyst to do all of that work for you.
Let's check this out.
To get your very own personal AI data analyst head to the following website and you may recognize
this.
This is Chat GPT and down below you have the familiar chat box where you can interact and talk
with the AI.
Over on the left hand side there's now some new functionality called Explore GPTs.
These are custom GPTs and in a moment we'll see what you can do.
To be able to see this, you need a premium subscription to Chat GPT.
If you don't have that, this functionality may compel you to go premium.
Let's click on this option.
This now drops us into GPT's, and here you'll find all the different custom GPT's.
In fact, in the top right hand corner, you can even create your very own GPT.
That's a fun one to test out.
On the page here, you can search for various public GPT's.
You also have categories of different GPTs.
And if you scroll down just a little bit, you'll see some of the featured and also trending
GPTs.
These are different GPTs and organizations and also individuals have pulled together and
have made available.
So as a few examples, here if I scroll down at Trending, here we see Canva.
You can design logos or presentations using Chat GPT.
Down below another fun example.
Here, you can turn yourself into a cartoon, simply load an image of yourself, and all of
a sudden you'll see what you look like in a Pixar-like image.
If we scroll down just a little bit, there's a category called BuyChatGPT.
These are different custom GPs made by OpenAI, or the maker of ChatGPT.
Here we can see more, and you have all sorts of different options.
Right at the very top, one of the most popular ones is called the Data Analyst, and this
This will analyze data on your behalf and it is truly mind-boggling what it can do.
Let's click into this one.
This now drops us into the data analyst.
And at first glance it looks somewhat unassuming.
We just have this basic white background and you have a very simple text box down below.
But just wait until you see what it's capable of.
To analyze some data, first we need to load some data.
Down in the text box, you can click on this paperclip icon or alternatively, you can also
drag and drop a data file into the data analyst.
Here I'm going to drop in an Excel file.
And if you'd like to follow along, I've included this same exact Excel file in the description
of this video.
Before we start asking questions about our data, let's take a quick look to see what's
contained within this Excel file.
The Excel spreadsheet contains order data for customers here at the Kevin Cookie Company.
We have order IDs, there are also customer IDs, how many cookies we shipped, revenue,
also the cost, there's no profit here but you could calculate that.
