Effective Way to Run Your Business with Excel on Steroids
December 30, 2021
Effective Way to Run Your Business with Excel on Steroids
Score 8 out of 10
Vetted Review
Verified User
Overall Satisfaction with IBM Planning Analytics with Watson
We’ve
seen many small to medium organizations still relying on spreadsheets and other
manual processes for their business planning needs. They must understand that
the businesses need to stay up to date on their planning and analysis strategies
to overcome market challenges. IBM Planning Analytics with Watson is an all-inclusive,
integrated planning solution that allows users to go beyond the limits of
manual planning. With [the] IBM Planning toolkit, we can quickly do more accurate
planning and forecasting for different departments of the organization to accelerate
decision making and increase performances and stay up to speed with the modern
business culture.
seen many small to medium organizations still relying on spreadsheets and other
manual processes for their business planning needs. They must understand that
the businesses need to stay up to date on their planning and analysis strategies
to overcome market challenges. IBM Planning Analytics with Watson is an all-inclusive,
integrated planning solution that allows users to go beyond the limits of
manual planning. With [the] IBM Planning toolkit, we can quickly do more accurate
planning and forecasting for different departments of the organization to accelerate
decision making and increase performances and stay up to speed with the modern
business culture.
- [I appreciate the] ability to work with the same Excel functionality we’re familiar with while having the power of an enterprise planning solution.
- We can change the number of users of the system or increase data volumes and planning models anytime without reducing the overall performance of the system.
- We can test our assumptions and see the impact of our decisions by creating personal sandboxes before releasing them to the system.
- [The] initial setup could be simplified and customer support could be improved.
- [There is a] pretty wide learning curve for the newcomers and official documentation is hard to understand for them.
- Programming knowledge is important to work with the system and the user community support is very limited.
- [It provides the] ability to create multi-dimensional sales plans to help budgeting and forecasting.
- [It provides] unlimited scenario modelling in your personal sandbox to determine the outcome.
- [The] memory database function [can be used] to save your data and keep results up-to-date.
Scenario planning is very important to come up with proper business strategies. IBM Planning Analytics with Watson provides a personal sandbox for the user to try out their different what-if scenarios so that they can analyze and confirm the outcome, before implementing them in the real world. In this way, users can make sure that they implement the most feasible solution by using their superior modeling capabilities as well as solution flexibility.
I think flexibility is the most important feature in IBM Planning Analytics with Watson. Users can easily integrate it with an Excel package and work with the same Excel interface with formulas. Also, they don't need much data science knowledge to generate data reports and analyze them to deliver more accurate forecasting.
Do you think IBM Planning Analytics delivers good value for the price?
Yes
Are you happy with IBM Planning Analytics's feature set?
Yes
Did IBM Planning Analytics live up to sales and marketing promises?
Yes
Did implementation of IBM Planning Analytics go as expected?
Yes
Would you buy IBM Planning Analytics again?
Yes