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IBM Cognos vs Workday Prism Analytics comparison

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IBM Cognos

Read 131 IBM Cognos reviews
9,284 views|5,390 comparisons
92% willing to recommend
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Workday Prism Analytics

Read 1 Workday Prism Analytics review
1,454 views|1,587 comparisons
100% willing to recommend
Comparison Buyer's Guide
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Buyer's Guide
BI (Business Intelligence) Tools
April 2024
Executive Summary

We performed a comparison between IBM Cognos and Workday Prism Analytics based on real PeerSpot user reviews.

Find out what your peers are saying about Microsoft, Tableau, Oracle and others in BI (Business Intelligence) Tools.
To learn more, read our detailed BI (Business Intelligence) Tools Report (Updated: April 2024).
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767,667 professionals have used our research since 2012.
Featured Review
Paulius Bistrickis
An easy to use solution that provides reports quickly and efficiently
It has improved our credit department. They can get information quickly about client debts, and we've seen a yield through this solution. In... Read more →
Gareth Jackson
A stable data analytics solution that needs some improvement with scalability and data visualization
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"Cognos' most valuable features are the bundled studios, simple UI, and advanced features like the ability to create data modules.""Stability-wise, I rate the solution a ten out of ten.""We use IBM Cognos for enterprise analytics and reporting.""IBM Cognos offers tools so that you can design and develop your own test queries and reporting solutions.""In terms of stability, I think that Cognos is more stable than Tableau and Power Bi because of its framework manager concept that allows us to import metadata and store it in the framework manager.""Integration with Office can enable the 'download' mode of storytelling.​""Using custom controls, it is possible to extend the application with even more functionality and make the application intuitive and attractive.""A drag-and-drop interface for selecting creating ad hoc reports makes this product very easy to use."

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"Feature-wise, I feel that the solution's stability is good."

More Workday Prism Analytics Pros →

Cons
"I think the GIS pieces maybe not as good as we would like.""There are some small features that are missing. It would be nice if the graphics were better. You can use external sources for charts, but it's quite complex to use and not easy to implement. If you want a new chart, you can download it from multiple tools and implement it into IBM Cognos.""The solution seems to slow down the servers.""IBM Cognos's error messages seem to be a bit ambiguous. An error will be encountered and a message will be sent out very ambiguous and after investigating the error message it could be any number of issues. There was never a direct answer to the question or a direct answer to the error messages. Sometimes it would be a generic error message for 21 different solutions. It wasn't very specific, which required a lot of digging around and trial and error trying to fix the problem. The messaging in their error messaging is something needing improvement.""I don't like that when we use Colab packages, we get less functionality. For example, you can make groups of data with Excel or with the data sets from the packages, but when you use the Colab packages directly, you can only group the data when you analyze it with Analysis Studio. I think Cognos needs to improve more on this functionality.""I would like to see the introduction of mapbooks for supporting some geographical information.""It would be good if the solution had conditional formatting.""I would like to have predictive and forecasting capabilities in Cognos. It's one thing to do reporting, and another thing to easily predict or forecast certain data points, which is very important for all the clients."

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"It is not a very scalable product."

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Pricing and Cost Advice
  • "There is need to assess the purchase license accordingly so as to avoid audit penalties."
  • "The pricing and licensing policies are comparatively cheaper than other products in the market ."
  • "IBM Cognos offers competitive pricing similar to other BI vendors in the market."
  • "Pricing should be improved."
  • "The pricing of this product is meant for medium to large-scale enterprises."
  • "It is my understanding that the cost is very low. It's not very expensive."
  • "Cognos is super expensive compared to Tableau ($70/month) and Power BI ($20/month) — I think Cognos is roughly $200 a month."
  • "It is quite pricy. I think Microsoft BI is cheaper. Tableau might also be cheaper, but it also depends on the usage. If you have very many users, Cognos can be a problem. It could be cheaper than Tableau but not for so many users. If you have a few thousand users, Tableau, which is generally quite expensive, can be cheaper than Cognos."

    • More IBM Cognos Pricing and Cost Advice →

  • "I do not know of the licensing cost, but there are additional costs like 5,00,000 for recruitment modules."

    • More Workday Prism Analytics Pricing and Cost Advice →

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    Comparison Review
    Anonymous User
    Comparison of SAP BO, Tableau, QlikView, Cognos, Microsoft, OBIEE and Pentaho

    Valuable Features

    1. SAP BO/BI Enterprise scalability Security Ease of use Semantic layer 2. Tableau Visualization Data discovery Turnaround time 3. IBM Cognos Enterprise scalability Security In-memory feature 4. MS BI - Flexibility 5. Pentaho - Open source but still enterprise grade 6. QlikView Data visualization Turnaround time. 7. OBIEE Enterprise security Semantic model

    Room for Improvement

    1. SAP BO/BI Visualization 2. Tableau Scalability 3. IBM Cognos Ease of use 4. MS BI Visualization Ease of use 5. Pentaho Ease of use Semantic layer 6. QlikView Scalability 7. OBIEE Visualization Database connectivities

    Use of Solution

    I have used SAP for almost 12 years Tableau – Rate 6/10 overall but 9/10 for visualization. I have used it for three years IBM Cognos - Rate 7/10 and I have used it for three years MS BI - Rate 5/10 and I have used it for two years Pentaho - Rate 5/10 and I have used it for over five years QlikView- Rate 7/10 and I have used it for two years OBIEE – Rate 7/10 and I have used it for five years

    Customer Service and Technical Support

    Customer Service: SAP BO/BI - Below average Tableau - Good IBM Cognos - Average MS BI - Average Pentaho - Average QlikView - Above average OBIEE - Average Technical Support: SAP BO/BI - Below average Tableau - Good IBM Cognos - Average MS BI - Average Pentaho - Average QlikView - Above average OBIEE - Average

    Other Advice

    There is no perfect solution or one…     Read more →
    Questions from the Community
    Seeking lightweight open source BI software
    Top Answer:It depends on the Data architecture and the complexity of your requirement Some great tools in the market are Qlik Sense, Power BI, OBIEE, Tableau, etc. I have recently started using Cognos… more »
    Read all 8 answers   →
    What do you like most about IBM Cognos?
    Top Answer:We use the account statement report. When you use an account in HSBC, you receive various types of accounts, such as the stock market, fixed accounts, credit cards, and business accounts. We can… more »
    Read all 28 answers   →
    What needs improvement with IBM Cognos?
    Top Answer:Compared to Tableau and PowerBI, the IBM interface is easier to use. However, the drag-and-drop functionality isn't as straightforward. Formatting is also more challenging in the cloud than in other… more »
    Read all 30 answers   →
    What do you like most about Workday Prism Analytics?
    Top Answer:Feature-wise, I feel that the solution's stability is good.
    What is your experience regarding pricing and costs for Workday Prism Ana...
    Top Answer:I do not know of the licensing cost, but there are additional costs like 5,00,000 for recruitment modules.
    What needs improvement with Workday Prism Analytics?
    Top Answer:I think you need to get some data visualizations or some sort of schema that you can print to see the relationships or the different business objects and IDs. I tried to be able to use the useful data… more »
    Ranking
    7th
    out of 108 in BI (Business Intelligence) Tools
    Views
    9,284
    Comparisons
    5,390
    Reviews
    10
    Average Words per Review
    396
    Rating
    8.2
    26th
    out of 108 in BI (Business Intelligence) Tools
    Views
    1,454
    Comparisons
    1,587
    Reviews
    1
    Average Words per Review
    563
    Rating
    7.0
    Comparisons
    Also Known As
    Cognos, Cognos Analytics, IBM Cognos Analytics
    Prism Analytics
    Learn More
    IBM
    Workday
    Overview

    IBM Cognos Business Intelligence provides a wide range of tools to help you analyze your organization's data. IBM Cognos BI allows businesses to monitor events and metrics, create and view business reports, and analyze data to help them make effective business decisions.

    IBM Cognos applies techniques to describe, summarize, and compare data, and draw conclusions. This allows users to see trends and discover anomalies or variances that may not be evident by simply reading data. Data sources that contain information from different areas of a business can be stored in separate packages. Users can see only information that they have been granted access to, based on their group or role.

    IBM Cognos BI consolidates the following business intelligence functions into a single web-based solution:

    • IBM Cognos Insight: Create personal and managed workspaces for data analysis. Using these interactive workspaces, you can share insight results with managers. Cognos Insight supports write-back, and you can also use these workspaces to capture and integrate management goals, commitments, and forecasts.

    • IBM Cognos Workspace: With IBM Cognos Workspace, you can create rich, interactive workspaces using IBM Cognos content as well as data from external sources. You can view and open your favorite workspaces and reports, edit content in your workspaces, and share your workspaces via email.

    • IBM Cognos Analytics: IBM Cognos Analytics utilizes built-in AI and intuitive searches which helps users to quickly create the visualizations and a wide range of reports. Cognos Analytics provides cognitive and managed self-service, enabling you to gain insights from controlled and trusted data.

    • IBM Cognos Report Studio and IBM Cognos Query Studio: Easily create structured and query reports. IBM Cognos allows users to create application and report templates. In addition, report authors can reuse report objects to apply filters, fields, and styles to reports. Users can set the language of the user interface and report content according to the user's native language.

    • IBM Cognos Event Studio: Receive notifications of events that occur within your organization in real time. Event Studio enables the creation of agents that detect the occurrence of business events, failures, or anomalies, based on the change of specific events or data conditions. Notification can be sent via email, publication in the portal, or by triggering reports.

    • IBM Cognos Connection: This is the Web portal for IBM Cognos BI and is the central area for accessing all the IBM Cognos functions. In the web portal, users can schedule and distribute reports, create tasks, administer the server and the access permissions, and more.

    Reviews from Real Users

    IBM Cognos stands out among its competitors for a number of reasons. Two major ones are its powerful analysis tool and its reporting capabilities.

    Prasad B., a senior software engineer at a financial services firm, notes, “The product is a very good reporting tool and is very flexible. It allows for the users to get a scheduled report. We can receive automated reports as well. They are easy to schedule on a weekly or monthly basis. It is very fast. I mean in means of report output, it's very fast compared to the actual clients involved.”

    With Workday Prism Analytics, you can bring data in at scale from any source and prepare, analyze, and securely share it with your organization. The result? You gain all the insights you need to drive better business outcomes.

    Sample Customers
    More than 23,000 leading organizations across multiple industries use Cognos. Some examples of Cognos customers include BMW Financial Services, Quinte Health Care, Troy Corporation, Michigan State University, and GKN Land System.
    Denny's
    Top Industries
    REVIEWERS
    Financial Services Firm14%
    Computer Software Company11%
    Insurance Company8%
    Healthcare Company8%
    VISITORS READING REVIEWS
    Educational Organization58%
    Financial Services Firm7%
    Computer Software Company5%
    Government4%
    VISITORS READING REVIEWS
    Financial Services Firm11%
    Healthcare Company9%
    Insurance Company8%
    Computer Software Company8%
    Company Size
    REVIEWERS
    Small Business23%
    Midsize Enterprise15%
    Large Enterprise61%
    VISITORS READING REVIEWS
    Small Business8%
    Midsize Enterprise61%
    Large Enterprise31%
    VISITORS READING REVIEWS
    Small Business20%
    Midsize Enterprise14%
    Large Enterprise66%
    Buyer's Guide
    BI (Business Intelligence) Tools
    April 2024
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    IBM Cognos is ranked 7th in BI (Business Intelligence) Tools with 131 reviews while Workday Prism Analytics is ranked 26th in BI (Business Intelligence) Tools with 1 review. IBM Cognos is rated 8.0, while Workday Prism Analytics is rated 7.0. The top reviewer of IBM Cognos writes "Improved the quality of our KPIs, while reducing calls to the IT department". On the other hand, the top reviewer of Workday Prism Analytics writes "A stable data analytics solution that needs some improvement with scalability and data visualization". IBM Cognos is most compared with Microsoft Power BI, Oracle OBIEE, Tableau, SAP BusinessObjects Business Intelligence Platform and Oracle Hyperion, whereas Workday Prism Analytics is most compared with Microsoft Power BI, Tableau, Oracle Analytics Cloud, Oracle Essbase and Databricks.

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    We monitor all BI (Business Intelligence) Tools 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.