IBM Planning Analytics vs. Workday Prism Analytics

For a CFO or a COO to do budgeting and planning, IBM Planning Analytics would be essential. It is a tool that can take in multiple data sources and showcase them in a multidimensional way. If you are looking just for a BI or reporting tool, Planning Analytics would be considered "overkill".

In my organization, we mainly use Workday Prism Analytics in HR and Finance departments. It not only enables us to make data-centric decisions but also helps reduce the need for data experts since we are able to visualize data on our own through self-service analytics.

Incentivized

• Handle very large data volumes.
• Scale to a large number of users.
• Not having to compromise on business complexity.
• It can be run by business users.
• Availability of highly qualified consultants to support businesses.
• REST API allows for an open eco system and a variety of solutions to extend the product.
• Vast integration possibilities.
• AI-infused engine with IBM Watson.

Incentivized

• It's web based. No need to install any desktop clients on your machine to use platfora.
• It's best suited for a big data Hadoop environment. I can rate it as the #1 BI tool for a big data hadoop environment.
• Platfora follows kind of the same architecture as Hadoop architecture like Master and Slave architecture. It scales with the data volumes.
• Querying data is very good and very fast. (Platfora Lens)
• Client presentation wise it's good. You can get different kinds of graphs.
• Platfora almost supports everything on Big Data technologies including file formats, compression etc.
• Security is not compromised and it can deal in parallel with any Hadoop distributor security implementations. Just take an example of Knox on Hortonworks, so it will deal with that and cloudera , MapR
• Its very easily understandable and for the new people who wants to try platfora, learning curve is low
• You can create your own datasets in platfora. You can store your results as a dataset in platfora and can share across

Incentivized

• sometimes it is hard to produce pixel perfect reports from the Web UI. I know it is not made for this, but still, it'll be great
• getting in e.g. an Excel file just by drag and drop, and the AI should "understand" what the data is all around

Incentivized

• Data Movement - Data needs to be moved from Hadoop to Platfora to create Platfora Lens and to do analytics.
• To support Data movement, infrastructure cost is high.
• To support data movement, network bandwidth consumption is high.
• No trial versions for companies to evaluate.

Incentivized

Since IBM Cognos Express is suitable only for medium data warehouse environment, we are not sure if this tool solves the long term need as the business keeps growing rapidly. So its a 50/50 ratio to renew Express license. But having said that, the components of IBM Cognos Express are also available in other Cognos BI suites like Cognos 10.x version. So we will probably upgrade our environment to IBM Cognos 10.x which comes with more new features.

IBM Planning Analytics is generally good in terms of functionalities. It can be used reduce time for budget planning, resource planning, demand forecasting, etc. The performance of IBM Planning Analytics is acceptable, but user interface can be improved. It would be good to see new features that allow users to customise the dashboard.

Incentivized

Although I find the IBM Planning analytics documentation quite time consuming, their support with email and call is something i can term as very considerate and patient, I have had few calls about the features and how i would want to implement them within my projects, and the teams have been super helpful to resolve my issues

Incentivized

For strong technical teams and flexibility IBM Planning Analytics is the way to go. For quicker adoption and less technical teams Anaplan is the best option. If consolidation, financials, and moving from legacy tools are main focus than OneStream will be a really good choice. If deeply invested into SAP already than the SAP BPC will be the best fit to maintain the investment.

Incentivized

Both are great products. The advantage of SAP Workforce Analytics is that it's widely interoperable between different APIs and databases. Having said that, Workday Prism Analytics scores much better in user-friendliness and the learning curve for the teams to start using it is very low. If Workday enhances its APIs functionality, it can compete easily with SAP Workforce Analytics.

Incentivized

• Much higher degree of accuracy in forecasting with the use of predictive analysis from historical data
• Dozens of man hours saved in routine processes that are now handled with minimal human interaction
• One system that holds the "source of truth," consolidating multiple systems together that were only accessible individually before

Incentivized

• Improved ROI by decreasing the necessary time investment that managers must make to upkeep employee data sectors.
• Improved ease of access for employees, reducing unnecessary communication between employees and management.
• Has led to fewer accounting errors overall.

Incentivized