IBM Planning Analytics vs Pyramid Analytics comparison

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2,270 views|1,328 comparisons
94% willing to recommend
Pyramid Analytics Logo
1,325 views|919 comparisons
87% willing to recommend
Comparison Buyer's Guide
Executive Summary

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

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To learn more, read our detailed Business Performance Management Report (Updated: March 2024).
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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 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""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 product's stability is good.""IBM Planning Analytics is easy to use and deploy. It is quick to develop. The calculation machine is also very fast.""All the different platforms are well integrated.""Planning Analytics' best features include automatic updates and slicing.""Navigating through the data to make analysis is really quick.""The tool is flexible."

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"The most valuable feature of Pyramid Analytics, outshining even top-tier platforms like Power BI, is its robust support for DAX queries.""It offers a wide range of analytics options including statistics and visualizations, as well as prediction capabilities, allowing users to make forecasts based on the latest data.""It proved to be a very powerful and useful tool due to its breakdown capabilities, easy reporting features, flexibility in building custom calculations, and the ability to integrate them into reports.""Pyramid has a wide level of uses, as it's a complete ETL process and has a good level of connecting to a lot of data sources.""I think the most valuable Pyramid Analytics feature is the solution's ability to drill down and dice in the loop. I think it is better than InExcel or Power BI.""The on-premise version has quite good scalability.""It seems quite performant in analyzing multi-dimensional information sets and presenting them.""The features I find most valuable are 'Discover,' 'Formulate,' and 'Model.' I use them regularly to build logic and create reports for my job."

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Cons
"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 tool's transport layer could be improved when promoting development between environments.""The tool should include features for prediction. It can also improve the scalability.""The dashboard is very poor and needs a lot of improvement.""The local authentication part is difficult to manage in the product, making it an area where improvements are required.""Extracting data is a little slow.""It's wonky, and not super user-friendly with Excel."

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"There is room for improvement in terms of documentation and examples, especially for newcomers like me who are learning both business intelligence and Pyramid.""Even though the solution has a functionality for every step, it's not so well- defined. That needs to be improved.""It would be desirable to have the possibility to generate a data dictionary, detailing the original physical tables, renamed fields, and derived fields.""I find that this is quite a heavy, time-consuming tool for developers.""The general amount of negative comments that I am hearing from my team makes me very wary.""Pyramid Analytics could improve by speeding up data refresh, especially for large datasets.""I think the graphic number of charts and components could be higher, at least comparable to Brain Power BI.""There is room for improvement in terms of the user interface, particularly when it comes to modifying connections between filters and visual components in a dashboard."

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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."
  • More IBM Planning Analytics Pricing and Cost Advice →

  • "The licensing cost is not excessively expensive, but it does increase with the addition of new features and modules."
  • More Pyramid Analytics Pricing and Cost Advice →

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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:The most valuable feature of Pyramid Analytics, outshining even top-tier platforms like Power BI, is its robust support for DAX queries.
    Top Answer:I find the price of Pyramid Analytics to be quite reasonable, especially when compared to other tools in the industry. It is a cost-effective choice, particularly for mid-sized or larger companies… more »
    Top Answer:Pyramid Analytics could improve by speeding up data refresh, especially for large datasets. While it is currently an in-memory tool, efforts are underway to enhance direct connections to source… more »
    Ranking
    Views
    2,270
    Comparisons
    1,328
    Reviews
    4
    Average Words per Review
    325
    Rating
    9.3
    Views
    1,325
    Comparisons
    919
    Reviews
    6
    Average Words per Review
    554
    Rating
    7.8
    Comparisons
    Also Known As
    Cognos TM1, IBM Cognos TM1
    Learn More
    Pyramid Analytics
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    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.

    The BI Office from Pyramid Analytics is a web-based governed data discovery and analytics platform. It integrates the four principal functions of any comprehensive BI strategy into a single, seamless application. Users can now analyze, present, report and predict on their data in a single application. Pyramid Analytics has native apps to cover the entire mobile spectrum, iOS, Android and Windows. With BI Office users can integrate SAP data with data from other sources giving them the right tools and better data to make data-driven decisions.

    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
    US Department of Veterans Affair, Volkswagen, Siemens, Blackboard, Hallmark, Orange, CDW, LA Fitness, Atelier GS, Memorial Healthcare, Acadia Insurance, BancoBic, Advanced Learning, Microsoft, Drake University
    Top Industries
    REVIEWERS
    Computer Software Company25%
    Non Tech Company13%
    Real Estate/Law Firm13%
    Leisure / Travel Company13%
    VISITORS READING REVIEWS
    Educational Organization43%
    Financial Services Firm11%
    Computer Software Company7%
    Manufacturing Company5%
    VISITORS READING REVIEWS
    Financial Services Firm12%
    Government12%
    Manufacturing Company10%
    Computer Software Company10%
    Company Size
    REVIEWERS
    Small Business58%
    Midsize Enterprise17%
    Large Enterprise25%
    VISITORS READING REVIEWS
    Small Business11%
    Midsize Enterprise47%
    Large Enterprise42%
    REVIEWERS
    Small Business75%
    Midsize Enterprise13%
    Large Enterprise13%
    VISITORS READING REVIEWS
    Small Business21%
    Midsize Enterprise12%
    Large Enterprise67%
    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.
    768,924 professionals have used our research since 2012.

    IBM Planning Analytics is ranked 6th in Business Performance Management with 21 reviews while Pyramid Analytics is ranked 16th in BI (Business Intelligence) Tools with 8 reviews. IBM Planning Analytics is rated 8.6, while Pyramid Analytics 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 Pyramid Analytics writes "A comprehensive and user-friendly business intelligence for enhanced data insight". IBM Planning Analytics is most compared with SAP Analytics Cloud, Microsoft Power BI, Anaplan, Jedox and IBM Cognos, whereas Pyramid Analytics is most compared with Microsoft Power BI, Tableau, Alteryx, Databricks and Qlik Sense.

    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.