IBM Planning Analytics vs Mode Analytics comparison

Cancel
You must select at least 2 products to compare!
IBM Logo
2,270 views|1,328 comparisons
94% willing to recommend
Mode Logo
488 views|373 comparisons
100% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between IBM Planning Analytics and Mode Analytics 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).
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 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.""All the different platforms are well integrated.""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.""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."

More IBM Planning Analytics Pros →

"The solution is simple for people from a viewing perspective, not a coding perspective.""The most important feature of the solution is the ability to run Python-based scripts.""The most valuable feature I would say is the flexibility in editing.""The tool helps to catch results and review them."

More Mode Analytics Pros →

Cons
"It's wonky, and not super user-friendly with Excel.""Extracting data is a little slow.""It would have been better if the solution was not just a tool kit.""It is a bit expensive, but it does the job.""Planning Analytics could be improved by adding automation features.""The local authentication part is difficult to manage in the product, making it an area where improvements are required.""The dashboard is very poor and needs a lot of improvement.""The tool should include features for prediction. It can also improve the scalability."

More IBM Planning Analytics Cons →

"I think in terms of User Interface, I would say it can be better.""The solution could run faster.""The data visualization is cumbersome in Mode Analytics. I want the solution to add a map that has an easy interface. The UI is slow sometimes.""Mode Analytics needs to improve the overall user experience."

More Mode Analytics Cons →

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 →

  • "Mode Analytics is cheap compared to other tools."
  • "The pricing is per user."
  • "My decision-maker found the pricing expensive, but it is okay for me."
  • More Mode Analytics Pricing and Cost Advice →

    report
    Use our free recommendation engine to learn which Business Performance Management solutions are best for your needs.
    768,740 professionals have used our research since 2012.
    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:The solution is simple for people from a viewing perspective, not a coding perspective.
    Top Answer:The solution could run faster. You just sit there, waiting during the load times, especially for the large ones. And if you're doing a presentation, no one likes awkwardly waiting for it to load… more »
    Top Answer:I was put in charge of creating a lot of the dashboards, so it was very much that there weren't people at the company that knew how to use the solution. I was just handed the solution when I… more »
    Ranking
    Views
    2,270
    Comparisons
    1,328
    Reviews
    4
    Average Words per Review
    325
    Rating
    9.3
    Views
    488
    Comparisons
    373
    Reviews
    4
    Average Words per Review
    436
    Rating
    7.8
    Comparisons
    Also Known As
    Cognos TM1, IBM Cognos TM1
    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.

    Mode builds technology that helps analysts and data scientists unlock the value in data. The collaborative analytics platform tightly integrates SQL queries, Python notebooks, and reporting tools to make a profound impact on an entire organization's ability to use data effectively. Mode drives data-informed decisions at innovative companies including Clover Health, Thumbtack, Twitch, and Zenefits. Mode also supports the analytics community with free learning resources, open source SQL queries, and offers its tools for free to anyone analyzing public data.
    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
    Lyft, Zenefits, Twitch, Trello, Clover, Grovo, CrowdFlower, Segment, Everlane, Pocket, Highfive
    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 Company30%
    Manufacturing Company9%
    Financial Services Firm8%
    Healthcare Company7%
    Company Size
    REVIEWERS
    Small Business58%
    Midsize Enterprise17%
    Large Enterprise25%
    VISITORS READING REVIEWS
    Small Business11%
    Midsize Enterprise47%
    Large Enterprise43%
    VISITORS READING REVIEWS
    Small Business43%
    Midsize Enterprise13%
    Large Enterprise44%
    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.
    768,740 professionals have used our research since 2012.

    IBM Planning Analytics is ranked 6th in Business Performance Management with 21 reviews while Mode Analytics is ranked 19th in BI (Business Intelligence) Tools with 4 reviews. IBM Planning Analytics is rated 8.6, while Mode Analytics is rated 7.8. 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 Mode Analytics writes "The solution is easy to learn to use and very informative". IBM Planning Analytics is most compared with SAP Analytics Cloud, Microsoft Power BI, Anaplan, Jedox and IBM Cognos, whereas Mode Analytics is most compared with Databricks, ThoughtSpot, Tableau, Microsoft Power BI and Amazon QuickSight.

    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.