Item: IBM Planning Analytics
Rating: 8
Author: Siddhant Tiwari

Use Cases and Deployment Scope

The planning analytics permits our association to get a total perspective on our whole monetary interaction and pursue the choices that best accommodate our capacities. It has produced genuine computerized changes in our organization, as our business targets are accomplished. We are using it to care for practically any issue related to analysis, planning & finances.

Pros and Cons

Quickly and easily gathers data from various sources, including ERP systems and external market data.
Accurately forecast future financial performance up to an extent.
The ability to integrate data from multiple sources allows us to gain a more comprehensive understanding of our financial performance, which helps us to identify areas for improvement.

Data visualization capabilities could be more intuitive and user friendly.
Data integration can be improved as the process can be time consuming and complex.
More customizable forecasting and predictive analytics tools, which would allow us to better tailor the product to our specific needs.

Return on Investment

Making metrics is extremely simple.
I like its predefined functions for statistical analysis.
Helping us to track impact of strategic initiatives.
One potential concern could be the complexity of this product, that too only for new users.

Scenario Planning and What-If Analysis

Scenario planning is very vital for our business, and it permits us to distinguish possible difficulties and open doors, and settle on information-driven choices to really explore them. IBM Planning Analytics with Watson permits us to rapidly and effectively perform situation planning by dissecting information from different sources and distinguishing patterns.

Alternatives Considered

SAP Analytics Cloud

Key Insights

Do you think IBM Planning Analytics delivers good value for the price?

Yes

Are you happy with IBM Planning Analytics's feature set?

Did IBM Planning Analytics live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of IBM Planning Analytics go as expected?

I wasn't involved with the implementation phase

Would you buy IBM Planning Analytics again?

Yes

Support Rating

Support is really good, It would be better if they can improve on delivering speedy reply to the queries.

Usability

For the most part, it is viewed as an easy-to-use product. The point of interaction is all-around planned and simple to explore, which makes it easier to find the data that we need. Moreover, its representation capacities are viewed as solid and intuitive, making it simpler to comprehend and decipher the information.

Other Software Used

IBM Cognos Analytics with Watson, IBM Security MaaS360 with Watson

Likelihood to Recommend

It is well suited for budgeting and forecasting with complex financial structures.

Making panning simpler.

Overall Satisfaction with IBM Planning Analytics with Watson