We performed a comparison between IBM Planning Analytics and Oracle Essbase based on real PeerSpot user reviews.
Find out what your peers are saying about Anaplan, Oracle, Jedox and others in Business Performance Management."IBM Planning Analytics is easy to use and deploy. It is quick to develop. The calculation machine is also very fast."
"The most valuable feature is that it is able to slice and dice the data."
"A lot of the platform is in-memory, so Planning Analytics can run calculations quite fast. It also offers several user interfaces. And in the newest version of Planning Analytics, there is a new one called the Planning Analytics Workspace. Maybe it could be useful for the business side."
"The most valuable features of IBM Planning Analytics for streamlining planning processes include a unified database where all data are centralized."
"The product's stability is good."
"The tool is flexible."
"Navigating through the data to make analysis is really quick."
"All the different platforms are well integrated."
"It helps us fetch specific data sets per users' requirements."
"I have found the most valuable aspect is the user-friendly environment and current features."
"It's a very powerful analytical engine with Essbase as the back end. We can analyze, transform, or utilize a big chunk of data for our calculations."
"It is highly efficient and easily scalable, particularly for handling large databases."
"Unlike relational, where you're linking together multiple tables, with Essbase, you basically define what the dimensions are beforehand, and you define the hierarchy, and then load the data. This allows you to do a pretty sophisticated analysis so that you can drill into it and slice and dice the data."
"The solution is scalable."
"The solution is stable and reliable."
"It is very fast compared to other normal databases, like SQL and MySQL."
"The dashboard is very poor and needs a lot of improvement."
"It is a bit expensive, but it does the job."
"The tool's transport layer could be improved when promoting development between environments."
"The local authentication part is difficult to manage in the product, making it an area where improvements are required."
"Adding predefined templates could be beneficial."
"The tool should include features for prediction. It can also improve the scalability."
"The new frontend Planning Analytics Workspace is not very good, it could be improved. I like the Planning Analytics functionality but it would be helpful if it could be more customizable. You can create a prediction and receive information but you cannot do feature engineering regarding the predictive models. If this was added it would be helpful."
"Planning Analytics could be improved by adding automation features."
"It's an expensive product to use."
"The reporting tool of Essbase needs improvement."
"The initial setup is pretty complex."
"There is room for improvement in terms of cost-effectiveness."
"I would like to see an integration with application performance management and a version control management tool."
"The initial setup could be simplified."
"Essbase has a programming language, and it has a couple of functions to do forecasting, however, their feature set for that is not that good."
"The consolidation engine, which is HFM or FCCS, needs some room for improvement."
IBM Planning Analytics is ranked 5th in Business Performance Management with 22 reviews while Oracle Essbase is ranked 10th in Database Development and Management with 12 reviews. IBM Planning Analytics is rated 8.6, while Oracle Essbase is rated 8.4. The top reviewer of IBM Planning Analytics writes "Can easily create dashboards and helps businesses improve forecasting accuracy". On the other hand, the top reviewer of Oracle Essbase writes " Handles a huge amount of data at a time and offers good processing speed". IBM Planning Analytics is most compared with SAP Analytics Cloud, Microsoft Power BI, Anaplan, Jedox and Alteryx, whereas Oracle Essbase is most compared with Microsoft Power BI, SAP BusinessObjects Business Intelligence Platform, SAP Analytics Cloud, Oracle Analytics Cloud and Oracle OBIEE.
We monitor all Business Performance Management reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.
