Adaptive Insights vs ThoughtSpot comparison

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Adaptive Insights

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Executive SummaryUpdated on Jan 1, 2025

Adaptive Insights and ThoughtSpot compete in data management and analysis. Adaptive Insights has the upper hand in financial planning tools, while ThoughtSpot excels in advanced data analytics capabilities.

Features:Adaptive Insights offers robust financial planning, real-time forecasting, and streamlined budgeting, providing an effective business operation experience. Its financial planning platform is backed by cloud-based capabilities for easy accessibility. ThoughtSpot simplifies data exploration through AI-driven analytics, offers real-time insights across multiple datasets, and empowers users with customizable dashboards, providing broad data analytics solutions.

Room for Improvement:Adaptive Insights requires enhancements in integration capabilities with other financial systems, more customizable reporting options, and user-friendly interfaces for better adoption. ThoughtSpot needs improvements in ease of use for non-technical users, reduction in initial setup complexity, and more competitive pricing options to widen its user base.

Ease of Deployment and Customer Service:Adaptive Insights has a straightforward cloud-based deployment that integrates smoothly with existing systems and offers excellent customer service. ThoughtSpot's cloud-based deployment requires a more technical initial setup, and its customer service is adept at handling complex implementations.

Pricing and ROI:Adaptive Insights offers a competitive pricing model aligned with its financial planning services, ensuring good ROI due to its targeted functionalities. ThoughtSpot's pricing is higher, reflecting its extensive analytics capabilities. However, companies focusing on comprehensive data analysis find its ROI justified by enhanced decision-making capabilities.

To learn more, read our detailed Adaptive Insights vs. ThoughtSpot Report (Updated: June 2025).

Adaptive Insights vs. ThoughtSpot

June 2025

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Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Categories and Ranking

Adaptive Insights

Ranking in Data Visualization

11th

Average Rating

8.4

Reviews Sentiment

7.0

Number of Reviews

Ranking in other categories

Business Performance Management (8th), Financial Performance and Strategy Management (3rd), Reporting (10th), ESG Reporting Software (5th)

ThoughtSpot

Ranking in Data Visualization

8th

Average Rating

7.8

Reviews Sentiment

6.9

Number of Reviews

Ranking in other categories

BI (Business Intelligence) Tools (13th), Embedded BI (5th)

Mindshare comparison

As of June 2025, in the Data Visualization category, the mindshare of Adaptive Insights is 0.8%, up from 0.7% compared to the previous year. The mindshare of ThoughtSpot is 2.0%, down from 2.4% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Data Visualization

Featured Reviews

Andrew Rosenberg

Adaptive Planning Manager at Alight

Adaptive scales well, simple to create new budget versions and models

For the organization I used to work at, it streamlined the process of creating budgets. It's very simple to create a new version and do some more modeling based on your need for planning things like headcount, other expenses, and revenue, everything is configurable within Workday. So that made it easy. Reporting was pretty easy to set up as well. It streamlined the amount of time it took to do the budget as well as kind of making it simple to implement a rolling forecast process. So, it really was more just a productivity increase and time shortening for the budgeting and forecasting process.

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Sushma Polavarapu

Sr Data Analytics Consultant at Capgemini

Creates user-friendly analysis environments for large datasets

The tool is user-friendly for the end users. It is primarily a search-based tool. Users do not need a technical background to work directly on the dataset. Its compatibility with most databases, including the latest from FlexMovely and Redshift, allows users to create joins and worksheets easily. ThoughtSpot is fast, even with one to ten terabytes of data.

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Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Pros

"The biggest feature is the source of truth for all of our budget and forecast versions."

"Forecasting changes that instantly flow through all financial statements."

"The important feature is integration with source data. It connects to various ERP systems, including Workday, Intact, and others. It can also import actuals and compare them to PlanPoint quite easily."

"It helps develop a more unified work format throughout the company."

"Changes to corporate structure, account codes are updated in all versions including prior years, hence "one-version of truth" as claimed."

"Reports are allowed to be edited for aesthetic purposes, which is lacking in a lot of other dashboard tools."

"Automated reporting."

"The integration with our payroll system to complete staff modeling during our budget and forecast processes."

More Adaptive Insights pros

"ThoughtSpot excels in being self-service oriented, allowing users who aren't developers to easily create their own reports and visualizations, making it very intuitive."

"The initial setup was very straightforward."

"ThoughtSpot saves a significant amount of time compared to other tools and is very user-friendly."

"The ability to do ad hoc explorations of data has been most valuable."

"The tool is user-friendly for the end users."

"It's easy to drill down or expand data to get more details right out of the box."

"I like ThoughtSpot's search capabilities. You can also create custom analytics even if you aren't an experienced data analyst. We have users with no data analytics experience making some of the dashboards we've created, copying components, and customizing them to their specific use cases."

"ThoughtSpot is much easier to work with and maintain than other BI solutions, and it significantly reduces costs related to manual labor."

More ThoughtSpot pros

Cons

"The integrations could be simpler. It takes quite a bit of internal and IT know-how to set up."

"The product's configuration process could be faster."

"Users continue to become more advanced and are looking for more advanced solutions."

"Adaptive Insights has a limit of 1,00,000 rows for HTML reports. It should be improved because we will have multiple dimensions that need to be populated to enhance the image."

"It's a Workday product; they could do a little bit better to integrate a pure-play integration with Workday, which really doesn't do that."

"We tried Discovery and OfficeConnect at one point and found them too cumbersome, at the time."

"Adaptive Insights could improve the data designer interface to make integrations easier to set up."

"Being able to drill down when using OfficeConnect needs work."

More Adaptive Insights cons

"The one area of the solution that I do hear needs improvement is on the visualization front."

"The support team gets a six out of ten. They are not as proactive."

"In terms of features, I'd like to be able to pivot data - for example, going from rows to columns. It's not easy to do."

"I encountered limitations mainly around UI and dashboard configuration."

"A crucial feature we needed is missing, which involves restricting views of certain KPIs when users select conflicting parameters. We had to create a workaround, which impacted performance by loading pinboards slowly."

"The most difficult thing I found is that it only deals with the files and does not have direct connectivity to databases."

"The dashboards could give you more ability to fine tune the appearance. You get a great deal more control over how something looks in Power BI than you do in ThoughtSpot."

"ThoughtSpot lacks an intermediate layer for data loading, unlike Qlik, which affects dashboard stability when the database has issues."

More ThoughtSpot cons

Pricing and Cost Advice

"Everything is negotiable, but this solution is low cost compared to others."

"Licensing seems to be worth the cost considering the efficiency Adaptive brings."

"It's affordable."

"Adaptive Insights' pricing is relative to its peer competitors. It's certainly competitive compared to a spreadsheet template that you build in Excel. It can be expensive if you need to have 100-500 budget holders giving input and building financial plans. However, in that case, it becomes an extremely good bargain. Compared to its competitors, it offers an excellent value."

"Adaptive Insights' pricing is reasonable."

"Ensure that you have the proper pricing plan in place."

"Pricing is in line with other cloud-based EPM tools. It is a subscription-based model based upon the number of users and site type if it's an admin or end-user type thing."

"Prior to purchasing licenses, make sure you understand which users will only need planning and which users will need both planning and OfficeConnect."

"I give the pricing a six out of ten."

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Top Industries

By visitors reading reviews

Computer Software Company

11%

Real Estate/Law Firm

10%

Financial Services Firm

10%

Non Profit

Financial Services Firm

21%

Computer Software Company

13%

Manufacturing Company

10%

Healthcare Company

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

Questions from the Community

What do you like most about Adaptive Insights?

It's very simple to create a new version and do some more modeling based on your need for planning things like headcount, other expenses, and revenue, everything is configurable within Workday.

What is your experience regarding pricing and costs for Adaptive Insights?

12 years ago, it was very affordable. Workday has definitely increased its price since it acquired Adaptive a few years ago. So, it's affordable. But there are other more affordable solutions that ...

What needs improvement with Adaptive Insights?

The integrations could be simpler. It takes quite a bit of internal and IT know-how to set up. So, there could be room for just improving the integrations, making it easier to integrate outside sys...

What is your experience regarding pricing and costs for ThoughtSpot?

The pricing is on the higher end but reasonable for what ThoughtSpot offers.

What needs improvement with ThoughtSpot?

ThoughtSpot lacks an intermediate layer for data loading, unlike Qlik, which affects dashboard stability when the database has issues. The platform also has fewer formulas and functions compared to...

What is your primary use case for ThoughtSpot?

I am working for a telecommunication company where we use ThoughtSpot ( /products/thoughtspot-reviews ) to create monthly, weekly, and daily ad hoc reports for business needs. We work for both B2B ...

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Product Reports

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Adaptive Insights

June 2025

Download ThoughtSpot product report

May 2025

Also Known As

Workday Adaptive Planning, Adaptive Discovery , Workday Adaptive Planning

No data available

Overview

Adaptive Insights is a cloud-based financial planning and analysis software that helps businesses streamline their budgeting, forecasting, and reporting processes.

With its intuitive interface and powerful analytics, it enables organizations to make data-driven decisions and drive business performance.

Workday

ThoughtSpot is a powerful business intelligence tool that allows easy searching and drilling into data. Its ad hoc exploration and query-based search features are highly valued, and it is easy to set up, stable, and scalable.

The solution is used for reporting purposes, self-service BI, and embedding into other applications for customers to do self-service analytics. It helps businesses with metrics, KPIs, and important insights by sourcing data from various sources into one golden source and visualizing it in an easy way for the business to consume. The pricing model is ideal, charging for data rather than the number of users.

Sample Customers

1. Cisco Systems 2. Coca-Cola Bottling Co. Consolidated 3. Deloitte 4. DocuSign 5. Dropbox 6. Electronic Arts 7. Fender Musical Instruments Corporation 8. Fitbit 9. Fossil Group 10. Groupon 11. Hilton Worldwide 12. HP Inc. 13. Intuit 14. Johnson & Johnson 15. LinkedIn 16. Lyft 17. McAfee 18. Medtronic 19. Netflix 20. Oracle 21. Pandora 22. PayPal 23. Pinterest 24. Red Hat 25. Salesforce 26. ServiceNow 27. Slack Technologies 28. Spotify 29. Symantec 30. Tableau Software 31. Twitter 32. Workday

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