Which Alteryx Tool would you use to create a new field based on existing fields?

The Formula Tool is designed specifically to create new fields by applying calculations, expressions, or functions to existing fields within a dataset. This makes it ideal for scenarios where you need to derive new information or insights that are not explicitly available in the original data.

By utilizing the Formula Tool, users can manipulate data types, perform mathematical operations, concatenate strings, or apply conditional logic, thereby transforming the data and enriching it with additional context or calculations and saving it as a new field. This capability is essential for data preparation and analysis within Alteryx workflows.

In contrast, other tools serve different purposes; for example, the Join Tool is used to combine records from two datasets based on a common field, while the Filter Tool is for segregating data into subsets based on conditions. The Summarize Tool aggregates data, allowing for operations like summing, averaging, or finding unique values, but it doesn't create new fields in the same fashion as the Formula Tool does.