IBM Planning Analytics overview
IBM is one of the world’s largest vendors of IT hardware, software and services. The company has a global workforce of close to 350,000 employees and is active in over 170 countries.
IBM offers a comprehensive portfolio of on-premises and cloud analytics and performance management solutions (in particular, for planning and financial consolidation). The core offerings consist of IBM Cognos Analytics with Watson and IBM Planning Analytics with Watson. For financial consolidation and regulatory reporting, IBM Cognos Controller is part of the performance management portfolio.
IBM Planning Analytics – the vendor’s strategic enterprise planning product – is a core element in IBM’s performance management portfolio and has been on the market since the 1980s. Due to its rich functionality for planning and OLAP analysis, and its underlying in-memory TM1 technology, the product plays a strategic role for IBM. Planning Analytics is available in both classic on-premises and cloud versions. Essentially, Planning Analytics is a high-performance, multidimensional in-memory database for budgeting, planning and forecasting with Excel and web front ends. The product is targeted at business power users for building all kinds of applications (planning, analytics, strategy management). Therefore it has no dominant focus on any one particular area (e.g., financials, sales, HR, etc.). In recent versions, IBM has strengthened the web client user experience, charting options and visualizations, as well as workflow and predictive forecasting capabilities based on historical time-series data and a series of predefined algorithms.
IBM Planning Analytics is used by enterprises of all sizes and industry sectors, and is suitable for creating data entry screens for multiple sub-budgets, consolidating their results, and running simple to highly complex calculations. Hundreds of solutions – from small-scale departmental tools to installations with thousands of users –have been implemented worldwide. Resources and expertise for IBM Planning Analytics are widespread.
IBM Planning Analytics customer responses
This year we had 37 responses from IBM Plan-ning Analytics users. At the time of the survey, 84 percent of them were using version PA 2.0, 10 percent were running version 10, and 3 percent each were using version 8 and 9.
The BI & Analytics Survey 23 is based on findings from the world‘s largest and most comprehensive survey of business intelligence end users, conducted from March to June 2022. In total, 1,951 business intelligence and analytics end users took the survey with 1,592 answering a series of detailed questions about their use of a named product. Altogether, 24 products (or groups of products) are analyzed in detail. The BI & Analytics Survey 23 examines user feedback on BI product selection and usage across 34 criteria (KPIs) including Business Benefits, Project Success, Business Value, Recommendation, Customer Satisfaction, Customer Experience, Innovation and Competitiveness
This document contains just a selection of the headline findings for IBM Planning Analytics. It does not show all the KPI results and focuses mainly on the positive findings. Only products that score above the peer group average are included in the following KPI charts.
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