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IBM Planning Analytics vs. IBM Watson Studio on Cloud Pak for Data

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    IBM Planning Analytics

    Score8.5 out of 10
    N/AIBM Planning Analytics, powered by IBM TM1®, is an integrated planning solution designed to promote collaboration across the organization and help keep pace with the speed of modern business. With its calculation engine, this enterprise performance management solution is designed to help users move beyond the limits of spreadsheets, automating the planning process to drive faster, more accurate results. Use it to unify data sources into one single repository, enabling users to build…

    $825

    per month 5 users

    IBM Watson Studio

    Score10 out of 10
    N/AIBM Watson Studio enables users to build, run and manage AI models, and optimize decisions at scale across any cloud. IBM Watson Studio enables users can operationalize AI anywhere as part of IBM Cloud Pak® for Data, the IBM data and AI platform. The vendor states the solution simplifies AI lifecycle management and accelerates time to value with an open, flexible multicloud architecture.N/A
    Pricing
    IBM Planning AnalyticsIBM Watson Studio
    Editions & Modules
    Essentials
    $825
    per month 5 users
    Standard
    $1,650
    per month 10 users
    No answers on this topic
    Offerings
    Pricing Offerings
    IBM Planning AnalyticsIBM Watson Studio
    Free Trial
    YesNo
    Free/Freemium Version
    YesNo
    Premium Consulting/Integration Services
    YesNo
    Entry-level Setup FeeOptionalNo setup fee
    Additional Details——
    More Pricing Information
    Community Pulse
    IBM Planning AnalyticsIBM Watson Studio
    Considered Both Products
    IBM
    Chose IBM Planning Analytics
    While every product has its sweet spot; our clients prefer IBM Planning Analytics for:
    1. Scalability: not requiring multiple models to deliver a solution
    2. Nimbleness: fast calculations and added advantages like Sparsity
    Incentivized
    IBM
    No answer on this topic
    Key User Insights
    Would buy again
    99%
    Would buy again
    128 Answers
    100%
    Would buy again
    5 Answers
    Delivers good value for the price
    97%
    Delivers good value for the price
    114 Answers
    No answers on this topic
    Happy with the feature set
    97%
    Happy with the feature set
    125 Answers
    100%
    Happy with the feature set
    5 Answers
    Lived up to sales and marketing promises
    97%
    Lived up to sales and marketing promises
    89 Answers
    No answers on this topic
    Implementation went as expected
    93%
    Implementation went as expected
    104 Answers
    No answers on this topic
    Features
    IBM Planning AnalyticsIBM Watson Studio
    BI Standard Reporting
    Comparison of BI Standard Reporting features of IBM Planning Analytics and IBM Watson Studio on Cloud Pak for Data
    Feature
    IBM Planning Analytics
    7.6
    116 Ratings
    1% above category average
    IBM Watson Studio on Cloud Pak for Data
    -
    Ratings
    Pixel Perfect reports7.6102 Ratings00 Ratings
    Customizable dashboards7.7116 Ratings00 Ratings
    Report Formatting Templates7.5109 Ratings00 Ratings
    Ad-hoc Reporting
    Comparison of Ad-hoc Reporting features of IBM Planning Analytics and IBM Watson Studio on Cloud Pak for Data
    Feature
    IBM Planning Analytics
    8.0
    122 Ratings
    3% above category average
    IBM Watson Studio on Cloud Pak for Data
    -
    Ratings
    Drill-down analysis8.5119 Ratings00 Ratings
    Formatting capabilities7.9120 Ratings00 Ratings
    Integration with R or other statistical packages7.992 Ratings00 Ratings
    Report sharing and collaboration7.8118 Ratings00 Ratings
    Report Output and Scheduling
    Comparison of Report Output and Scheduling features of IBM Planning Analytics and IBM Watson Studio on Cloud Pak for Data
    Feature
    IBM Planning Analytics
    8.1
    116 Ratings
    2% above category average
    IBM Watson Studio on Cloud Pak for Data
    -
    Ratings
    Publish to Web7.9109 Ratings00 Ratings
    Publish to PDF8.2109 Ratings00 Ratings
    Report Versioning8.3106 Ratings00 Ratings
    Report Delivery Scheduling8.298 Ratings00 Ratings
    Data Discovery and Visualization
    Comparison of Data Discovery and Visualization features of IBM Planning Analytics and IBM Watson Studio on Cloud Pak for Data
    Feature
    IBM Planning Analytics
    7.5
    117 Ratings
    2% above category average
    IBM Watson Studio on Cloud Pak for Data
    -
    Ratings
    Pre-built visualization formats (heatmaps, scatter plots etc.)8.1117 Ratings00 Ratings
    Location Analytics / Geographic Visualization7.7109 Ratings00 Ratings
    Predictive Analytics7.8107 Ratings00 Ratings
    Pattern Recognition and Data Mining6.638 Ratings00 Ratings
    Access Control and Security
    Comparison of Access Control and Security features of IBM Planning Analytics and IBM Watson Studio on Cloud Pak for Data
    Feature
    IBM Planning Analytics
    8.0
    122 Ratings
    5% below category average
    IBM Watson Studio on Cloud Pak for Data
    -
    Ratings
    Multi-User Support (named login)8.1120 Ratings00 Ratings
    Role-Based Security Model7.7121 Ratings00 Ratings
    Multiple Access Permission Levels (Create, Read, Delete)8.0122 Ratings00 Ratings
    Report-Level Access Control7.549 Ratings00 Ratings
    Single Sign-On (SSO)8.4114 Ratings00 Ratings
    Mobile Capabilities
    Comparison of Mobile Capabilities features of IBM Planning Analytics and IBM Watson Studio on Cloud Pak for Data
    Feature
    IBM Planning Analytics
    7.6
    105 Ratings
    3% above category average
    IBM Watson Studio on Cloud Pak for Data
    -
    Ratings
    Responsive Design for Web Access7.7102 Ratings00 Ratings
    Mobile Application7.666 Ratings00 Ratings
    Dashboard / Report / Visualization Interactivity on Mobile6.676 Ratings00 Ratings
    Budgeting, Planning, and Forecasting
    Comparison of Budgeting, Planning, and Forecasting features of IBM Planning Analytics and IBM Watson Studio on Cloud Pak for Data
    Feature
    IBM Planning Analytics
    8.4
    131 Ratings
    4% above category average
    IBM Watson Studio on Cloud Pak for Data
    -
    Ratings
    Long-term financial planning8.0127 Ratings00 Ratings
    Financial budgeting8.4130 Ratings00 Ratings
    Forecasting8.7130 Ratings00 Ratings
    Scenario modeling8.6129 Ratings00 Ratings
    Management reporting8.6129 Ratings00 Ratings
    Consolidation and Close
    Comparison of Consolidation and Close features of IBM Planning Analytics and IBM Watson Studio on Cloud Pak for Data
    Feature
    IBM Planning Analytics
    8.5
    122 Ratings
    9% above category average
    IBM Watson Studio on Cloud Pak for Data
    -
    Ratings
    Financial data consolidation9.1118 Ratings00 Ratings
    Journal entries and reports9.2108 Ratings00 Ratings
    Multi-currency management8.5110 Ratings00 Ratings
    Intercompany Eliminations8.4107 Ratings00 Ratings
    Minority Ownership8.6101 Ratings00 Ratings
    Local and consolidated reporting7.8114 Ratings00 Ratings
    Detailed Audit Trails8.1115 Ratings00 Ratings
    Financial Reporting and Compliance
    Comparison of Financial Reporting and Compliance features of IBM Planning Analytics and IBM Watson Studio on Cloud Pak for Data
    Feature
    IBM Planning Analytics
    8.8
    123 Ratings
    8% above category average
    IBM Watson Studio on Cloud Pak for Data
    -
    Ratings
    Financial Statement Reporting8.2119 Ratings00 Ratings
    Management Reporting8.7120 Ratings00 Ratings
    Excel-based Reporting9.4122 Ratings00 Ratings
    Automated board and financial reporting9.1111 Ratings00 Ratings
    XBRL support for regulatory filing8.680 Ratings00 Ratings
    Analytics and Reporting
    Comparison of Analytics and Reporting features of IBM Planning Analytics and IBM Watson Studio on Cloud Pak for Data
    Feature
    IBM Planning Analytics
    8.4
    125 Ratings
    11% above category average
    IBM Watson Studio on Cloud Pak for Data
    -
    Ratings
    Personalized dashboards8.7124 Ratings00 Ratings
    Color-coded scorecards8.4119 Ratings00 Ratings
    KPIs8.1122 Ratings00 Ratings
    Cost and profitability analysis8.2120 Ratings00 Ratings
    Key Performance Indicator setting8.5119 Ratings00 Ratings
    Benchmarking with external data8.590 Ratings00 Ratings
    Integration
    Comparison of Integration features of IBM Planning Analytics and IBM Watson Studio on Cloud Pak for Data
    Feature
    IBM Planning Analytics
    8.7
    123 Ratings
    7% above category average
    IBM Watson Studio on Cloud Pak for Data
    -
    Ratings
    Flat file integration8.7120 Ratings00 Ratings
    Excel data integration9.0120 Ratings00 Ratings
    Direct links to 3rd-party data sources8.6112 Ratings00 Ratings
    Platform Connectivity
    Comparison of Platform Connectivity features of IBM Planning Analytics and IBM Watson Studio on Cloud Pak for Data
    Feature
    IBM Planning Analytics
    -
    Ratings
    IBM Watson Studio on Cloud Pak for Data
    8.1
    22 Ratings
    3% below category average
    Connect to Multiple Data Sources00 Ratings8.022 Ratings
    Extend Existing Data Sources00 Ratings8.022 Ratings
    Automatic Data Format Detection00 Ratings10.021 Ratings
    MDM Integration00 Ratings6.414 Ratings
    Data Exploration
    Comparison of Data Exploration features of IBM Planning Analytics and IBM Watson Studio on Cloud Pak for Data
    Feature
    IBM Planning Analytics
    -
    Ratings
    IBM Watson Studio on Cloud Pak for Data
    10.0
    22 Ratings
    17% above category average
    Visualization00 Ratings10.022 Ratings
    Interactive Data Analysis00 Ratings10.022 Ratings
    Data Preparation
    Comparison of Data Preparation features of IBM Planning Analytics and IBM Watson Studio on Cloud Pak for Data
    Feature
    IBM Planning Analytics
    -
    Ratings
    IBM Watson Studio on Cloud Pak for Data
    9.5
    22 Ratings
    15% above category average
    Interactive Data Cleaning and Enrichment00 Ratings10.022 Ratings
    Data Transformations00 Ratings10.021 Ratings
    Data Encryption00 Ratings8.020 Ratings
    Built-in Processors00 Ratings10.021 Ratings
    Platform Data Modeling
    Comparison of Platform Data Modeling features of IBM Planning Analytics and IBM Watson Studio on Cloud Pak for Data
    Feature
    IBM Planning Analytics
    -
    Ratings
    IBM Watson Studio on Cloud Pak for Data
    9.5
    22 Ratings
    12% above category average
    Multiple Model Development Languages and Tools00 Ratings10.021 Ratings
    Automated Machine Learning00 Ratings10.022 Ratings
    Single platform for multiple model development00 Ratings10.022 Ratings
    Self-Service Model Delivery00 Ratings8.020 Ratings
    Model Deployment
    Comparison of Model Deployment features of IBM Planning Analytics and IBM Watson Studio on Cloud Pak for Data
    Feature
    IBM Planning Analytics
    -
    Ratings
    IBM Watson Studio on Cloud Pak for Data
    8.0
    22 Ratings
    6% below category average
    Flexible Model Publishing Options00 Ratings9.022 Ratings
    Security, Governance, and Cost Controls00 Ratings7.022 Ratings
    Best Alternatives
    IBM Planning AnalyticsIBM Watson Studio
    Small Businesses
    No answers on this topic
    RapidMiner
    Score8.9 out of 10
    Medium-sized Companies
    Centage
    Score9.4 out of 10
    Anaconda
    Score8.8 out of 10
    Enterprises
    Oracle Fusion Cloud Enterprise Performance Management
    Score7.2 out of 10
    Posit
    Score10 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    IBM Planning AnalyticsIBM Watson Studio
    Likelihood to Recommend
    8.0
    (132 ratings)
    8.0
    (65 ratings)
    Likelihood to Renew
    9.1
    (5 ratings)
    8.2
    (1 ratings)
    Usability
    7.8
    (69 ratings)
    9.6
    (2 ratings)
    Availability
    -
    (0 ratings)
    8.2
    (1 ratings)
    Performance
    -
    (0 ratings)
    8.2
    (1 ratings)
    Support Rating
    7.3
    (93 ratings)
    8.2
    (1 ratings)
    In-Person Training
    -
    (0 ratings)
    8.2
    (1 ratings)
    Online Training
    -
    (0 ratings)
    8.2
    (1 ratings)
    Implementation Rating
    -
    (0 ratings)
    7.3
    (1 ratings)
    Data Sharing and Collaboration
    9.0
    (3 ratings)
    -
    (0 ratings)
    Data Sources
    9.0
    (3 ratings)
    -
    (0 ratings)
    Product Scalability
    9.1
    (1 ratings)
    8.2
    (1 ratings)
    Vendor post-sale
    -
    (0 ratings)
    7.3
    (1 ratings)
    Vendor pre-sale
    -
    (0 ratings)
    8.2
    (1 ratings)
    User Testimonials
    IBM Planning AnalyticsIBM Watson Studio
    Likelihood to Recommend
    IBM
    Ideal for large organization with complex multi-dimensional data, large budgets and dedicated administrator support. The performance of the TM1 data base is unmatched. The PAW and PAX options providing planners to work in both Excel and workspace environment. Higher Implementation efforts due to the greenfield implementations. Visualization features are not up to the mark.
    Incentivized
    Read full review
    IBM
    It has a lot of features that are good for teams working on large-scale projects and continuously developing and reiterating their data project models. Really helpful when dealing with large data. It is a kind of one-stop solution for all data science tasks like visualization, cleaning, analyzing data, and developing models but small teams might find a lot of features unuseful.
    Incentivized
    Read full review
    Pros
    IBM
    • 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
    Read full review
    IBM
    • Integration of IBM Watson APIs such as speech to text, image recognition, personality insights, etc.
    • SPSS modeler and neural network model provide no-code environments for data scientists to build pipelines quickly.
    • Enforced best-practices set up POCs for deployment in production with a minimum of re-work.
    • Estimator validation lets data scientists test and prove different models.
    Incentivized
    Read full review
    Cons
    IBM
    • 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
    Read full review
    IBM
    • The cost is steep and so only companies with resources can afford it
    • It will be nice to have Chinese versions so that Chinese engineers can also use it easily
    • It takes a while to learn how to input different kinds of skin defects for detection
    Incentivized
    Read full review
    Likelihood to Renew
    IBM
    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.
    Read full review
    IBM
    because we find out that DSX results have improved our approach to the whole subject (data, models, procedures)
    Incentivized
    Read full review
    Usability
    IBM
    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
    Read full review
    IBM
    The UI flawlessly merges this offering by providing a neat, minimal, responsive interface
    Incentivized
    Read full review
    Reliability and Availability
    IBM
    No answers on this topic
    IBM
    From time to time there are services unavailable, but we have been always informed before and they got back to work sooner than expected
    Incentivized
    Read full review
    Performance
    IBM
    No answers on this topic
    IBM
    Never had slow response even on our very busy network
    Incentivized
    Read full review
    Support Rating
    IBM
    IBM support has been very quick to respond and handle the very few issues we've had. We've had a third-party who partners with IBM to be our consulting team which has helped greatly reduce the need for us to contact IBM directly. I highly recommend researching and selecting a well-respected partner to help with an implementation as well as ongoing support as needed.
    Incentivized
    Read full review
    IBM
    I received answers mostly at once and got answered even further my question: they gave me interesting points of view and suggestion for deepening in the learning path
    Incentivized
    Read full review
    In-Person Training
    IBM
    No answers on this topic
    IBM
    The trainers on the job are very smart with solutions and very able in teaching
    Incentivized
    Read full review
    Online Training
    IBM
    No answers on this topic
    IBM
    The Platform is very handy and suggests further steps according my previous interests
    Incentivized
    Read full review
    Implementation Rating
    IBM
    No answers on this topic
    IBM
    It surprised us with unpredictable case of use and brand new points of view
    Incentivized
    Read full review
    Alternatives Considered
    IBM
    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
    Read full review
    IBM
    The main reason I personally changed over from Azure ML Studio is because it lacked any support for significant custom modelling with packages and services such as TensorFlow, scikit-learn, Microsoft Cognitive Toolkit and Spark ML. IBM Watson Studio provides these services and does so in a well integrated and easy to use fashion making it a preferable service over the other services that I have personally used.
    Incentivized
    Read full review
    Scalability
    IBM
    No answers on this topic
    IBM
    It helped us in getting from 0 to DSX without getting lost
    Incentivized
    Read full review
    Return on Investment
    IBM
    • Automate direct data connections to multiple data sources
    • One secured version of the the truth (for data and formulas)
    • Ability to scale to much more detailed planning with option to create predictive forecasts at detail
    • Business user friendly with powerful Excel integration
    • Very flexible and powerful modeling, can handle custom modeling needs at scale
    • Can make the same data available across finance and ops, but at the level of details and timeline that makes sense for them
    Incentivized
    Read full review
    IBM
    • Could instantly show data driven insights to drive 20% incremental revenue over existing results
    • Still don't have a real use case for unstructured data like twitter feed
    • Some of the insights around user actions have driven new projects to automate mundane tasks
    Incentivized
    Read full review
    ScreenShots

    IBM Planning Analytics Screenshots

    Screenshot of Workflow managementScreenshot of Income statementScreenshot of Margin analysisScreenshot of Metrics managementScreenshot of Income statementScreenshot of Expense analysis