IBM Planning Analytics vs TIBCO Spotfire comparison

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Executive Summary

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

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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
"Navigating through the data to make analysis is really quick.""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 tool is flexible.""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.""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."

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"The ability to connect to many different data sources is one of the key features. The other would then be the different ways in which that data can be visualized.""Live Query data on demand, R and Python integration, and the ability to write HTML and JavaScript text areas are all valuable features.""The out-of-the-box features are simple and easy to use across the board.""Spotfire is excellent for scientific applications, especially because of its integration with RNG.""It’s stable and straightforward.""Data discovery is very simple.""The two features that I have found most valuable are its ability to customize the dashboards when it comes to the evaluation. The second feature is its ability to handle a large amount of data, which is also something very unique about it.""From a scalability standpoint, I would say it's pretty fantastic."

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Cons
"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.""Planning Analytics could be improved by adding automation features.""The dashboard is very poor and needs a lot of improvement.""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.""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.""The tool should include features for prediction. It can also improve the scalability."

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"The handling and consumption of realtime data could be improved.""When you do the data loading, it is slow.""We encountered difficulties connecting the special data sets, as the post data set did not contain any shared columns, making it difficult to establish a connection between the data sets.""The design of the UI could be improved.""The Text Area feature needs to be more user-friendly. It is a little clunky to use, and it is difficult to consistently format text.""The initial setup can be difficult.""The initial setup of TIBCO Spotfire is in the middle range of difficulty. The initial setup of Power BI is easier.""I would like to see the visualization library in this solution expanded, so that I can increase what I can offer to our clients."

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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."
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  • "The ROI is nearly impossible to calculate."
  • "The pricing seems competitive and reasonable. The value delivered by the product far exceeds the cost."
  • "The Tibco sales teams have been very difficult to work with - ignoring requests, misrepresenting level of demand, etc."
  • "The cost is a few hundred dollars per user per year."
  • "The cost of TIBCO Spotfire could improve. It should be less expensive. It's the most expensive visualization tool in our company."
  • "The price-point for this solution is negotiable depending on usage levels."
  • "This product carries a monthly licensing charge, with the amount depending on the features that are to be included. This costs also covers the use of technical support."
  • "In comparison to other solutions such as IBM Cognos, TIBCO Spotfire is more affordable."
  • More TIBCO Spotfire Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:IBM Planning Analytics is easy to use and deploy. It is quick to develop. The calculation machine is also very fast.
    Top Answer:IBM Planning Analytics is priced well, and licensing costs are yearly.
    Top Answer:The tool's transport layer could be improved when promoting development between environments.
    Top Answer:The product's initial setup phase was simple.
    Top Answer:I would describe TIBCO Spotfire as an averagely-priced product.
    Top Answer:The way TIBCO Spotfire is designed, in my opinion, is the reason why it lags a bit, especially compared to other BI tools like Qlik. The speed of creating reports or dashboards is slower in TIBCO… more »
    Ranking
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    1,318
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    4
    Average Words per Review
    226
    Rating
    9.3
    Views
    2,402
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    1,698
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    9
    Average Words per Review
    477
    Rating
    8.3
    Comparisons
    Also Known As
    Cognos TM1, IBM Cognos TM1
    Spotfire
    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.

    TIBCO Spotfire is a versatile data analytics platform that can handle large datasets and be deployed on-premise or in the cloud. Its dynamic reporting, easy creation of dynamic dashboards, and highly customizable tool make it a valuable asset for process data analysis, industrial performance dashboards, problem root cause analysis, business intelligence, and real-time analytics for IoT devices in the energy sector. 

    The solution also offers data science functions, map visuals, R and Python integration, and the ability to write HTML and JavaScript text areas. Spotfire has helped organizations deliver projects more efficiently and cost-effectively, allowing for faster data analysis.

    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
    Allergan, ASSS de Montreal, Avantium, Blue River, Bank of Montreal, Citibank, FrieslandCampina, Hellmann Logistics, Merck, Novartis
    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%
    REVIEWERS
    Energy/Utilities Company23%
    Financial Services Firm17%
    Computer Software Company11%
    Manufacturing Company11%
    VISITORS READING REVIEWS
    Manufacturing Company15%
    Energy/Utilities Company13%
    Financial Services Firm11%
    Computer Software Company11%
    Company Size
    REVIEWERS
    Small Business57%
    Midsize Enterprise17%
    Large Enterprise26%
    VISITORS READING REVIEWS
    Small Business11%
    Midsize Enterprise46%
    Large Enterprise43%
    REVIEWERS
    Small Business27%
    Midsize Enterprise13%
    Large Enterprise60%
    VISITORS READING REVIEWS
    Small Business13%
    Midsize Enterprise8%
    Large Enterprise78%
    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.
    765,386 professionals have used our research since 2012.

    IBM Planning Analytics is ranked 6th in Business Performance Management with 20 reviews while TIBCO Spotfire is ranked 13th in BI (Business Intelligence) Tools with 65 reviews. IBM Planning Analytics is rated 8.4, while TIBCO Spotfire is rated 8.2. The top reviewer of IBM Planning Analytics writes "Beneficial predictive analytics, flexibility, and useful forecasting". On the other hand, the top reviewer of TIBCO Spotfire writes "A robust BI tool, with good dashboard features and adverse event tracking". IBM Planning Analytics is most compared with SAP Analytics Cloud, Microsoft Power BI, Anaplan, IBM Cognos and Jedox, whereas TIBCO Spotfire is most compared with Tableau, Microsoft Power BI, QlikView, Qlik Sense 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.