IBM Planning Analytics vs Microsoft Power BI comparison

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2,241 views|1,327 comparisons
94% willing to recommend
Microsoft Logo
33,848 views|28,652 comparisons
92% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between IBM Planning Analytics and Microsoft Power BI based on real PeerSpot user reviews.

Find out what your peers are saying about Anaplan, Oracle, Jedox and others in Business Performance Management.
To learn more, read our detailed Business Performance Management Report (Updated: June 2024).
772,649 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"Planning Analytics' best features include automatic updates and slicing.""The most valuable features of IBM Planning Analytics for streamlining planning processes include a unified database where all data are centralized.""It's a very stable, robust product.""The ease of use is valuable. The fact that it's plugged into Excel spreadsheets is also valuable. It provides additional functionality where you can slice and dice the information in a way that you can't do with spreadsheets""Navigating through the data to make analysis is really quick.""IBM Planning Analytics is easy to use and deploy. It is quick to develop. The calculation machine is also very fast.""The product's stability is good.""The tool is flexible."

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"The solution integrates with other Microsoft solutions very well.""The product is easy to use and simple to navigate.""I like the fact that Power BI lets me use Excel data. At least 90% of my state data is in Excel spreadsheets. Having the ability to just attach a spreadsheet as a data source is very, very important. It's also good for training and teaching. Sometimes you don't always have access to a live production database, so having a spreadsheet with sample data is always nice.""The standard BI visualization capabilities are great.""I like data modeling. You can connect with your database, which is quite useful for me. It is a good tool if you have a large amount of data and you want to gather different data and interconnect it. The Power Query functionality is quite an interesting feature. If you have a query in Excel, you can also copy your query and run it in Power BI. Its dashboard is also very nice and not complicated. You don't need to be a developer to be able to use it. I am not an IT guy, and it is quite easy to use for somebody who is not an IT person.""The most valuable feature of Microsoft Power BI is the drill-through feature that takes you to a details page the users want to see.""The initial setup is straightforward.""It provides good visibility."

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Cons
"The local authentication part is difficult to manage in the product, making it an area where improvements are required.""It would have been better if the solution was not just a tool kit.""The new frontend Planning Analytics Workspace is not very good, it could be improved. I like the Planning Analytics functionality but it would be helpful if it could be more customizable. You can create a prediction and receive information but you cannot do feature engineering regarding the predictive models. If this was added it would be helpful.""It's highly competitive right now, and all the vendors are in a race to put out new versions with additional features. IBM comes out with new versions too often, and it has an impact on quality.""The tool should include features for prediction. It can also improve the scalability.""The dashboard is very poor and needs a lot of improvement.""Adding predefined templates could be beneficial.""Extracting data is a little slow."

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"The way you navigate the product, compared to other products in this industry, that could be improved a bit.""We would like it if they added more Python libraries in the Power BI service. For Power BI service right now, you can use Python, but it is limited to a few libraries or a few packages from Python.""Actionable insights could be better.""​It needs more analytic tools.""There are certain features that are only available in the cloud version. It would be beneficial if they could be brought down to the on-premise version without the necessity of using the enterprise SQL database, as that can be very costly. We need more cost-effective features that are available in the cloud to be accessible on-premise.""Sometimes while developing, the front end is not easily customizable and it has limitations. We cannot go and do any UI we want. We have to stick to the limitations of the product.""I'm looking for something that can make it much easier to incorporate Power BI visuals or dashboards into, let's say, Power Apps – custom Power Apps or anything like that. The most important thing would be to seamlessly embed reports in applications. For example, to have buttons that can be navigated through multiple solutions – from Power Apps to Power BI to SharePoint – via links or something like that.""The solution could improve the extraction and transformation of data. For example, you transform the data and then send it to Microsoft BI without having to use your own API. We are only providing the API to Power BI, and then Power BI is doing the job."

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Pricing and Cost Advice
  • "Our licensing cost is approximately $50,000.00 per year."
  • "The license of this solution is paid annually. Most of my customers choose a license that includes support."
  • "It is a bit expensive, but you get what you are paying for."
  • "IBM Planning Analytics is not the cheapest solution, but it's priced per the market standard for this type of solution. I rate the price at seven out of ten."
  • "I would rate the tool's pricing a nine out of ten since it's expensive."
  • "IBM Planning Analytics is priced well, and licensing costs are yearly."
  • "Compared with the other tools in the market, IBM Planning Analytics is a bit expensive."
  • More IBM Planning Analytics Pricing and Cost Advice →

  • "There is room for at least 45% discount as compared to the initial price."
  • "MS BI comes with all the tools and it is, to the best of my knowledge, the most affordable solution."
  • "All in all, for the price, this is an excellent tool for helping your organization turn mounds of data into useful insights."
  • "I would advise that Microsoft BI products are rightly priced and the licensing is easy to follow and to fulfill."
  • "Remove the cost of a licence to show a dashboard within SharePoint. Why should readers of a dashboard have to pay to view? ​"
  • "Make it low in cost. It is a no-brainer!"
  • "Globally, we evaluated a number of products, including Salesforce's product, Microsoft won on the ground of simple functionally and cost."
  • "Paid for itself in the first month."
  • More Microsoft Power BI Pricing and Cost Advice →

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    Comparison Review
    Anonymous User
    Questions from the Community
    Top Answer:The most valuable features of IBM Planning Analytics for streamlining planning processes include a unified database where all data are centralized.
    Top Answer:The cost of IBM Planning Analytics is not cheap, considering the amount of money involved. However, it offers good ROI for customers.
    Top Answer:To improve IBM Planning Analytics, adding predefined templates could be beneficial. These templates could cover various business areas like volume planning, service levels, and more. Specific… more »
    Top Answer:There are many...It would rather depend what System BI architecture or Enterprise legacy you have at your end...I would recommend as follows:  1) If you have legacies of SAP, Oracle  - look for SAP… more »
    Top Answer:Power BI is an advanced visualization tool oriented to big data with a very complete set of widgets to visualize information, control users accessing information, the configuration of governance… more »
    Top Answer:Oracle OBIEE is great in allowing design and creativity per the individual needs of the organization. Dashboards are fully customizable and very user-friendly. This solution is very stable. Oracle… more »
    Ranking
    Views
    2,241
    Comparisons
    1,327
    Reviews
    5
    Average Words per Review
    325
    Rating
    9.2
    Views
    33,848
    Comparisons
    28,652
    Reviews
    27
    Average Words per Review
    619
    Rating
    7.9
    Comparisons
    Also Known As
    Cognos TM1, IBM Cognos TM1
    SSRS, SSAS, MSBI, MS Reporting Services, Microsoft BI Tools, Microsoft Big Data, Power BI Pro, MS BI
    Learn More
    Overview

    IBM Planning Analytics is an integrated planning solution that uses AI to automate planning, budgeting, and forecasting and drive more intelligent workflows.

    Built on TM1, IBM’s powerful calculation engine, this enterprise performance management tool allows you to transcend the limits of manual planning and become the Analytics Hero your business needs. Quickly and easily drive faster, more accurate plans for FP&A, sales, supply chain and beyond.

    Microsoft Power BI is a powerful tool for data analysis and visualization. This tool stands out for its ability to merge and analyze data from various sources. Widely adopted across different industries and departments, Power BI is instrumental in creating visually appealing dashboards and generating insightful business intelligence reports. Its intuitive interface, robust visualization capabilities, and seamless integration with other Microsoft applications empower users to easily create interactive reports and gain valuable insights.

    Sample Customers
    ManpowerGroup, Convergys, AIG, Orchard Brands, Citibank, InterGen, Northwestern University, EF Education First, Ironside, Bazan Group, CSOB Insurance, Macquarie Group, Charles Stanley, SATO, Government of Sint Maarten, BMW Financial Services
    Accenture Adidas Aetna AIG Airbus Alibaba Allstate Amazon American Express Aon AT&T Audi Bank of America BASF Bayer Berkshire Hathaway Boeing Coca-Cola Comcast Cisco Coca-Cola Dell Disney Emirates Equinix FedEx Ford GE Google H&M Home Depot Honda IBM Intel JPMorgan Chase Kellogg's Kroger L'Oréal McDonald's Merck MetLife Microsoft Nike Oracle P&G PepsiCo Procter & Gamble Prudential Financial SAP Siemens Snapchat Spotify Starbucks Target Toyota T-Mobile Unilever Visa Walmart WeWork World Bank Xerox
    Top Industries
    REVIEWERS
    Computer Software Company25%
    Real Estate/Law Firm13%
    Leisure / Travel Company13%
    Hospitality Company13%
    VISITORS READING REVIEWS
    Educational Organization43%
    Financial Services Firm11%
    Computer Software Company7%
    Manufacturing Company5%
    REVIEWERS
    Financial Services Firm15%
    Manufacturing Company13%
    Computer Software Company11%
    Government9%
    VISITORS READING REVIEWS
    Educational Organization36%
    Financial Services Firm8%
    Computer Software Company8%
    Government5%
    Company Size
    REVIEWERS
    Small Business58%
    Midsize Enterprise17%
    Large Enterprise25%
    VISITORS READING REVIEWS
    Small Business11%
    Midsize Enterprise48%
    Large Enterprise42%
    REVIEWERS
    Small Business39%
    Midsize Enterprise16%
    Large Enterprise45%
    VISITORS READING REVIEWS
    Small Business14%
    Midsize Enterprise42%
    Large Enterprise44%
    Buyer's Guide
    Business Performance Management
    June 2024
    Find out what your peers are saying about Anaplan, Oracle, Jedox and others in Business Performance Management. Updated: June 2024.
    772,649 professionals have used our research since 2012.

    IBM Planning Analytics is ranked 5th in Business Performance Management with 22 reviews while Microsoft Power BI is ranked 1st in BI (Business Intelligence) Tools with 297 reviews. IBM Planning Analytics is rated 8.6, while Microsoft Power BI is rated 8.0. The top reviewer of IBM Planning Analytics writes "Can easily create dashboards and helps businesses improve forecasting accuracy". On the other hand, the top reviewer of Microsoft Power BI writes "A complete ecosystem with an builtin ETL tool, good integrations with python and R, and support of DAX and Power Query (M languages)". IBM Planning Analytics is most compared with SAP Analytics Cloud, Anaplan, Jedox, IBM Cognos and Oracle Hyperion, whereas Microsoft Power BI is most compared with Tableau, Amazon QuickSight, KNIME, Domo and Oracle OBIEE.

    We monitor all Business Performance Management reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.