IBM Planning Analytics vs Tungsten Insight comparison

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IBM Logo
2,270 views|1,328 comparisons
94% willing to recommend
Tungsten Automation Logo
202 views|126 comparisons
75% willing to recommend
Comparison Buyer's Guide
Executive Summary

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

Find out what your peers are saying about Anaplan, Oracle, Jedox and others in Business Performance Management.
To learn more, read our detailed Business Performance Management Report (Updated: March 2024).
767,995 professionals have used our research since 2012.
Featured Review
Anonymous User
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"All the different platforms are well integrated.""The most valuable feature is that it is able to slice and dice the data.""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 ease of use is valuable. The fact that it's plugged into Excel spreadsheets is also valuable. It provides additional functionality where you can slice and dice the information in a way that you can't do with spreadsheets""Navigating through the data to make analysis is really quick.""The tool is flexible.""It's a very stable, robust product.""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."

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"The initial setup is straightforward.""It provides the ability to design applications directly.""You can easily customize reporting to pull the fields that interest you."

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Cons
"The dashboard is very poor and needs a lot of improvement.""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.""It is a bit expensive, but it does the job.""The local authentication part is difficult to manage in the product, making it an area where improvements are required.""It's highly competitive right now, and all the vendors are in a race to put out new versions with additional features. IBM comes out with new versions too often, and it has an impact on quality.""The tool's transport layer could be improved when promoting development between environments.""Planning Analytics could be improved by adding automation features."

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"It would be ideal if there were some standard forms that could be customized.""The initial setup is complex and would be difficult to carry out without any training.""If there's any negative, it's just the different names, the branding names that the product's gone through. It's confusing."

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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."
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    Questions from the Community
    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.
    Top Answer:You can easily customize reporting to pull the fields that interest you.
    Top Answer:The cost will be dependent on the size of the license. The core of the standard analytics comes with the Kofax total agility license. For New Capture customers, it comes with it. The add-on is what's… more »
    Top Answer:A lot of the improvement is not so much the product as it is how it's deployed; it's about mapping against what you need to improve your processes, whether it's the Kofax kind of shows in the IDP… more »
    Ranking
    Views
    2,270
    Comparisons
    1,328
    Reviews
    4
    Average Words per Review
    325
    Rating
    9.3
    Views
    202
    Comparisons
    126
    Reviews
    2
    Average Words per Review
    717
    Rating
    7.5
    Comparisons
    Also Known As
    Cognos TM1, IBM Cognos TM1
    Kofax Insight
    Learn More
    Overview

    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.

    Unlock the full potential of your data with Tungsten Insight, a comprehensive solution that combines process monitoring, analysis, and rich visualizations for end-to-end visibility of operational performance and compliance. With unmatched business process awareness, anyone in your organization can analyze and optimize business operations, eliminating the need for IT intervention. Unique visibility enables fast, fact-based decisions before process issues affect customers, while benefits like anytime access to information, limitless scalability, quick implementation, actionable analytics, and optimized data discovery ensure efficient and effective decision-making processes. Tungsten Insight stands as the ultimate choice for organizations seeking to harness the power of their data for improved business outcomes.
    Sample Customers
    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
    Infosys,HMI, krungsri, Cegeka
    Top Industries
    REVIEWERS
    Computer Software Company25%
    Non Tech Company13%
    Real Estate/Law Firm13%
    Leisure / Travel Company13%
    VISITORS READING REVIEWS
    Educational Organization43%
    Financial Services Firm10%
    Computer Software Company7%
    Manufacturing Company5%
    VISITORS READING REVIEWS
    Computer Software Company41%
    Financial Services Firm17%
    Comms Service Provider7%
    Manufacturing Company5%
    Company Size
    REVIEWERS
    Small Business57%
    Midsize Enterprise17%
    Large Enterprise26%
    VISITORS READING REVIEWS
    Small Business11%
    Midsize Enterprise47%
    Large Enterprise42%
    VISITORS READING REVIEWS
    Small Business26%
    Midsize Enterprise22%
    Large Enterprise52%
    Buyer's Guide
    Business Performance Management
    March 2024
    Find out what your peers are saying about Anaplan, Oracle, Jedox and others in Business Performance Management. Updated: March 2024.
    767,995 professionals have used our research since 2012.

    IBM Planning Analytics is ranked 6th in Business Performance Management with 21 reviews while Tungsten Insight is ranked 25th in BI (Business Intelligence) Tools with 3 reviews. IBM Planning Analytics is rated 8.6, while Tungsten Insight is rated 7.6. 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 Tungsten Insight writes "Great reporting and customizations with good reliability". IBM Planning Analytics is most compared with SAP Analytics Cloud, Microsoft Power BI, Anaplan, Jedox and IBM Cognos, whereas Tungsten Insight is most compared with Microsoft Power BI and UiPath Process Mining.

    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.