Powerful and reliable BI tool
March 20, 2024
Powerful and reliable BI tool
Score 6 out of 10
Vetted Review
Verified User
Modules Used
- Query Studio
- Report Studio
- Analysis Studio
Overall Satisfaction with IBM Cognos Analytics
We use IBM Cognos Analytics as our primary Business Intelligence tool for our risk and business reporting needs. We use it to produce customized reports for specific user/entitlement groups.
We also use it for Data exploration/cleansing efforts in initial stages of our Machine Learning projects and to run statistical analytics on various data sets.
We also use it for Data exploration/cleansing efforts in initial stages of our Machine Learning projects and to run statistical analytics on various data sets.
- AI assistant is handy and speeds up intial setup
- Data exploration and discovery
- Excel charting
- Integrates with wide range of data sources
- Clunky UI
- Not as widely used as Qlik & Tableau and hence lacks community
- Lots of minor bugs
- Needs initial training as its not as intuitive.
- Support is lacking compared to competitors
- Saved time preparing management reports and insights by over 50%
- More accurate machine learning models as we use it for data exploration
- Complaint within our regulatory framework as we need to have strict data controls
They've helped our middle office and back office non technical users to be able to probe data and come up with informed analysis on past trades. This has dramatically reduced the number of support requests for ad-hoc reporting raised with our technical teams. The reporting tool has helped compliance and regulatory teams to analyze trade data on T+1 basis instead of waiting for weeks and helped improve our internal controls
In a bank, these controls are critical as we need row and column level data protection. In addition, we need to prove to compliance on a regular basis that our controls are working correctly and this tool helps us provide the data in accordance with user permissions.
IBM Cognos Analytics is a relatively late entrant in the BI space - dominated by Tableau and Qlik. it works well for 80% of our use cases and is easy for a non technical user to start using. Also due to enterprise licensing, its easier to distribute internally.
Do you think IBM Cognos Analytics delivers good value for the price?
Yes
Are you happy with IBM Cognos Analytics's feature set?
Yes
Did IBM Cognos Analytics live up to sales and marketing promises?
I wasn't involved with the selection/purchase process
Did implementation of IBM Cognos Analytics go as expected?
Yes
Would you buy IBM Cognos Analytics again?
Yes