Domo vs IBM Planning Analytics comparison

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Domo Logo
Read 35 Domo reviews
351 views|238 comparisons
86% willing to recommend
IBM Logo
2,270 views|1,328 comparisons
94% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between Domo and IBM Planning Analytics based on real PeerSpot user reviews.

Find out in this report how the two Business Performance Management solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.
To learn more, read our detailed Domo vs. IBM Planning Analytics Report (Updated: March 2024).
768,740 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"The user interface is quite good.""The best thing is that the data storage is pretty much free. I can store as much data as I want, from different sources.""We find the ease of using the solution valuable.""Domo has a lot of connections using APIs where you can use data from different databases, such as NoSQLs, SQL databases, and other connections. These connections exist to obtain data and transform whatever that you want.""What makes me really fond of Domo is the ETL because it enables us to maximize a single platform for pulling reports and automating things. We can send the raw data from a third-party platform and do the rest of the ETL in Domo, including transforming data, adding columns, etc.""The solution is highly stable.""With ETL transformations in SQL lists, you often write a lot of queries. You have to build a bunch of code for the data. With Domo, one of the pieces we have is Magic ETL. In Magic ETL, you don't need to write code. You don't need to be a specialist in SQL or any database query language.""The ability to create custom connectors was useful because you never know, with customers, what platform they want to utilize or what data they have. It gave us a lot of flexibility in being able to bring data in from different places."

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"The tool is flexible.""Navigating through the data to make analysis is really quick.""The flexibility of IBM Planning Analytics is a great feature of this solution. The design flexibility with data rules and defining calculations The ability to combine online and offline calculations are a benefit. Additionally, the forecasting features and predictive analytics is very good.""The product's stability is good.""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.""IBM Planning Analytics is easy to use and deploy. It is quick to develop. The calculation machine is also very fast.""Planning Analytics' best features include automatic updates and slicing.""All the different platforms are well integrated."

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Cons
"Their STK is not up to date and you can't access it on their website. They have a private STK to access resources in Domo.""I would also like to see improvements to their drag and drop Magic ETL tool. You can drag and drop your ETL tool, but it doesn't really work for a large amount of data. It struggles with that. In a real-world application, where you're working with 30 million rows or 100 million rows, it takes a bit longer to process the data. If you do it in the Redshift ETL tool, using your own code, it's much faster.""I would like to see more flexibility in their pricing structure. The trend is moving from database pricing to a user-license pricing model. That would be a benefit if they wanted to reevaluate their pricing structure.""I would like to see better data intake.""It is very difficult too, if we do have specific requests or errors that we can't get figure out - especially when it comes to the development platform, developing custom connectors or doing any kind of API work, custom cards - in that there's a lag in the response time.""It's too early for me to say that something needs improvement, but there are times when there have been some flexibility issues with Domo... Tableau has a window function which can be integrated into a calculated field. That is missing in Domo so you have to make changes to the data set using ETL or SQL.""It's quite slow. We are using about 2,000,000 rows of data. Creating certain reports takes almost a couple of minutes, which should not be the case.""I would like to publish a dashboard for the employees so that they can also see the performance of our organization. But that is not a feature in Domo, although it's something that Zoho provided."

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"It's wonky, and not super user-friendly with Excel.""It would have been better if the solution was not just a tool kit.""It is a bit expensive, but it does the job.""The dashboard is very poor and needs a lot of improvement.""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.""The tool should include features for prediction. It can also improve the scalability.""Planning Analytics could be improved by adding automation features."

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Pricing and Cost Advice
  • "I believe that the investment in Domo was worthwhile because it allowed for the organization to jump in quickly, with little training. There are different plans available based on the requirements."
  • "They've built an "app economy." Some of them are really expensive, so they're not for startups and smaller companies. They're more like enterprise tools. We couldn't afford some of them, because they were so crazy expensive. But if I was working for a bank, insurance company, or some bigger corporation then, for sure, you could justify those prices... It was silly expensive back then and it probably still is, or even more expensive."
  • "We are making money from Domo, and all our clients are happy with the information that they receive from it."
  • "It is on the pricier end."
  • "Domo is slightly costly but it's much cheaper than some."
  • "I'm not sure about pricing, but I believe Domo is quite costly. Prior to joining this organization, I had a Domo license with my former employer and I think that license was around $500 to $600 annually. That was for a single license. I think it varies, depending on the organization that is acquiring Domo."
  • "For about 100 users our cost is $95,800."
  • "Because it's software as a service, it's more expensive on the face of it. But there are a lot of variables. I don't have to pay for servers or for infrastructure. I don't have to pay labor for my IT organization to set up or maintain the environment. I don't have to pay for them to upgrade the software, and test it, etc., because when it rolls out, it is transparent and seamless for us. But, because of that, it costs more, I imagine, than Sisense, or Yellowfin, or Power BI. A lot of those make it sound like they're inexpensive, but when you add in all the hidden costs and all of the overhead, it's probably comparable."
  • More Domo Pricing and Cost Advice →

  • "Our licensing cost is approximately $50,000.00 per year."
  • "The license of this solution is paid annually. Most of my customers choose a license that includes support."
  • "It is a bit expensive, but you get what you are paying for."
  • "IBM Planning Analytics is not the cheapest solution, but it's priced per the market standard for this type of solution. I rate the price at seven out of ten."
  • "I would rate the tool's pricing a nine out of ten since it's expensive."
  • "IBM Planning Analytics is priced well, and licensing costs are yearly."
  • "Compared with the other tools in the market, IBM Planning Analytics is a bit expensive."
  • More IBM Planning Analytics Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:All our client SLAs and daily and weekly dashboards are tracked on Domo.
    Top Answer:Domo can be crazy expensive.  They have a lot of capabilities but depending on the pricing model you have, either they nickel-and-dime you for add-ons or charge you for each job execution under the… more »
    Top Answer:If Domo had a Copilot feature, you could interact with the graphs and talk to the graphs and tables.
    Top Answer:The licensing part of the product is good. Every year, there is a need to renew the license. My company also uses multiple functionalities offered under IBM Cognos Analytics for ETL-related purposes… more »
    Top Answer:The local authentication part is difficult to manage in the product, making it an area where improvements are required.
    Ranking
    Views
    351
    Comparisons
    238
    Reviews
    9
    Average Words per Review
    694
    Rating
    7.9
    Views
    2,270
    Comparisons
    1,328
    Reviews
    4
    Average Words per Review
    325
    Rating
    9.3
    Comparisons
    Also Known As
    corda
    Cognos TM1, IBM Cognos TM1
    Learn More
    Overview

    Domo is a cloud-based, mobile-first BI platform that helps companies drive more value from their data by helping organizations better integrate, interpret and use data to drive timely decision making and action across the business. The Domo platform enhances existing data warehouse and BI tools and allows users to build custom apps, automate data pipelines, and make data science accessible for anyone through automated insights that can be shared with internal or external stakeholders.

    Find more information on The Business Cloud Here.

    IBM Planning Analytics is an integrated planning solution that uses AI to automate planning, budgeting, and forecasting and drive more intelligent workflows.

    Built on TM1, IBM’s powerful calculation engine, this enterprise performance management tool allows you to transcend the limits of manual planning and become the Analytics Hero your business needs. Quickly and easily drive faster, more accurate plans for FP&A, sales, supply chain and beyond.

    Sample Customers
    Capco, SABMiller, Stance, eBay, Sage North America, Goodwill Industries of Central Indiana, Telus, The Cliffs, OGIO International Inc., and many more!
    ManpowerGroup, Convergys, AIG, Orchard Brands, Citibank, InterGen, Northwestern University, EF Education First, Ironside, Bazan Group, CSOB Insurance, Macquarie Group, Charles Stanley, SATO, Government of Sint Maarten, BMW Financial Services
    Top Industries
    REVIEWERS
    Retailer12%
    Financial Services Firm12%
    Computer Software Company12%
    Media Company8%
    VISITORS READING REVIEWS
    Computer Software Company12%
    Manufacturing Company10%
    Financial Services Firm7%
    Retailer7%
    REVIEWERS
    Computer Software Company25%
    Real Estate/Law Firm13%
    Non Tech Company13%
    Maritime Company13%
    VISITORS READING REVIEWS
    Educational Organization43%
    Financial Services Firm10%
    Computer Software Company7%
    Manufacturing Company5%
    Company Size
    REVIEWERS
    Small Business36%
    Midsize Enterprise25%
    Large Enterprise39%
    VISITORS READING REVIEWS
    Small Business28%
    Midsize Enterprise15%
    Large Enterprise57%
    REVIEWERS
    Small Business58%
    Midsize Enterprise17%
    Large Enterprise25%
    VISITORS READING REVIEWS
    Small Business11%
    Midsize Enterprise47%
    Large Enterprise42%
    Buyer's Guide
    Domo vs. IBM Planning Analytics
    March 2024
    Find out what your peers are saying about Domo vs. IBM Planning Analytics and other solutions. Updated: March 2024.
    768,740 professionals have used our research since 2012.

    Domo is ranked 8th in Business Performance Management with 35 reviews while IBM Planning Analytics is ranked 6th in Business Performance Management with 21 reviews. Domo is rated 7.8, while IBM Planning Analytics is rated 8.6. The top reviewer of Domo writes "Robust, powerful, and easy to use". On the other hand, the top reviewer of IBM Planning Analytics writes "Can easily create dashboards and helps businesses improve forecasting accuracy". Domo is most compared with Tableau, Microsoft Power BI, Databricks, Looker and Amazon QuickSight, whereas IBM Planning Analytics is most compared with SAP Analytics Cloud, Microsoft Power BI, Anaplan, Jedox and IBM Cognos. See our Domo vs. IBM Planning Analytics report.

    See our list of best Business Performance Management vendors.

    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.