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Anaconda Business vs IBM Planning Analytics comparison

 

Comparison Buyer's Guide

Executive Summary

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

Anaconda Business
Average Rating
8.2
Reviews Sentiment
7.4
Number of Reviews
19
Ranking in other categories
Data Science Platforms (11th)
IBM Planning Analytics
Average Rating
8.4
Reviews Sentiment
6.8
Number of Reviews
25
Ranking in other categories
Business Performance Management (4th)
 

Mindshare comparison

While both are Business Intelligence solutions, they serve different purposes. Anaconda Business is designed for Data Science Platforms and holds a mindshare of 2.1%, up 2.1% compared to last year.
IBM Planning Analytics, on the other hand, focuses on Business Performance Management, holds 8.0% mindshare, down 9.5% since last year.
Data Science Platforms
Business Performance Management
 

Featured Reviews

Rohan Sharma - PeerSpot reviewer
Provides all the frameworks and makes it easy to create environments for multiple projects
The best thing is that it provides all the frameworks and makes it easy to create environments for multiple projects using Anaconda. It is easy for a beginner to learn to use Anaconda. Comparatively, it is easier than using virtual environments or other environments because of the Conda environment. However, there are many things in Anaconda that people need to be aware of, so it can be challenging.
Gnanavel-Chakkarapani - PeerSpot reviewer
Can easily create dashboards and helps businesses improve forecasting accuracy
The product has improved our company's forecasting accuracy since it serves as a very useful tool for our sales and controller teams as they easily get to enter the inputs using views in TM1, which gets loaded into our main database. If there are sales team members in different parts of the world, like in Hong Kong and Singapore, they may prefer to use IBM Planning Analytics, which is easy to use when compared to the Excel tool. Speaking about planning analytics and data analysis, I would say that our company used to use IBM Cognos Analytics for reporting, where we used to use Cognos Dynamic Cubes so that users can easily use its drag and drop features while getting to see the data for which the users had to wait for two to three minutes prior to its use. In our company, tons of data are loaded into the memory, and users can use Cognos Dynamic Cubes to analyze data and understand it. The AI capabilities of IBM have benefited our planning strategy as they are very useful for business. The tool allows the easy creation of dashboard reports using AI capabilities. No technical knowledge is required for business use cases. It is possible to integrate the product in scenarios where some new integrations are available. I remember that my company used Azure Data Factory to connect Azure, Oracle, and IBM WebSphere Application Server. When it comes to IBM Planning Analytics, it is complex to integrate it with LDAP and or any other authentication tool offered by Microsoft. In our company, some users like to integrate IBM Planning Analytics with the common LDAP or Microsoft AD, which we currently use for all our applications. The authentication part is difficult to configure with IBM Planning Analytics. The maintenance of the product is easy. My company has scheduled maintenance on the product every week, especially during forecast times, so that memories automatically lapse and users can freely access their servers. The use of the tool has had an impact on collaboration within our company's planning team since everyone knows how to easily access the data and publish the results. I recommend the product to those who plan to use it. I rate the tool a nine out of ten.

Quotes from Members

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

Pros

"The tool's most valuable feature is its cloud-based nature, allowing accessibility from anywhere. Additionally, using Jupyter Notebook makes it easy to handle bugs and errors."
"Voice Configuration and Environmental Management Capabilities are the most valuable features."
"It has a lot of functionality available, supports many libraries, and the developers are continually improving it."
"With Anaconda Navigator, we have been able to use multiple IDEs such as JupyterLab, Jupyter Notebook, Spyder, Visual Studio Code, and RStudio in one place. The platform-agnostic package manager, "Conda", makes life easy when it comes to managing and installing packages."
"The most advantageous feature is the logic building."
"The solution is stable."
"The most valuable feature is the set of libraries that are used to support the functionality that we require."
"The best part of Anaconda is the media distribution that comes as part of it. It gets us started very quickly."
"Planning Analytics' best features include automatic updates and slicing."
"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 can help us build scenarios through a sandbox environment, allowing us to test multiple variables and assess their impact on our budget and planning."
"The product's stability is good."
"The most valuable features of IBM Planning Analytics for streamlining planning processes include a unified database where all data are centralized."
"All the different platforms are well integrated."
"The scenario modeling capabilities are frequently used to create different scenarios, compare them, and see which action leads to which result."
 

Cons

"I think that the framework can be improved to make it easier for people to discover and use things on their own."
"One thing that hurts the product is that the company is not doing more to advertise it as a solution and make it more well known."
"When you install Anaconda for the first time, it's really difficult to update it."
"It crashes once in a while. In case of a reboot or something unexpected, the unseen code part will get diminished, and it relatively takes longer than other applications when a reboot is happening. They can improve in these areas. They can also bring some database software. They have software for analytics and virtualization. However, they don't have any software for the database."
"Having a small guide or video on the tool would help learn how to use it and what the features are."
"Anaconda should be optimized for RAM consumption."
"Anaconda could benefit from improvement in its user interface to make it more attractive and user-friendly. Currently, it's boring."
"The interface could be improved. Other solutions, like Visual Studio, have much better UI."
"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."
"IBM is behind competitors like Tableau and Power BI in terms of visualization. Their visuals are less innovative and practical with fewer varieties."
"The tool's transport layer could be improved when promoting development between environments."
"The tool should include features for prediction. It can also improve the scalability."
"Extracting data is a little slow."
"If we talk only about the TM1 engine, it's quite rich and possibly too rich, making it complex to perform simple tasks."
"Planning Analytics could be improved by adding automation features."
"The local authentication part is difficult to manage in the product, making it an area where improvements are required."
 

Pricing and Cost Advice

"The product is open-source and free to use."
"The licensing costs for Anaconda are reasonable."
"Anaconda is free to use, but in terms of hardware costs, you might need heavy GPUs to run CUDA and other demanding tasks."
"My company uses the free version of the tool. There is also a paid version of the tool available."
"The tool is open-source."
"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 priced well, and licensing costs are yearly."
"Compared with the other tools in the market, IBM Planning Analytics is a bit expensive."
"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."
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Top Industries

By visitors reading reviews
Financial Services Firm
19%
Manufacturing Company
8%
University
8%
Computer Software Company
7%
Financial Services Firm
17%
Manufacturing Company
11%
Retailer
7%
Computer Software Company
7%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

Questions from the Community

What do you like most about Anaconda?
The tool's most valuable feature is its cloud-based nature, allowing accessibility from anywhere. Additionally, using Jupyter Notebook makes it easy to handle bugs and errors.
What is your experience regarding pricing and costs for Anaconda?
Anaconda is an open-source tool, so I do not pay anything for it. It is compatible with every tool, regardless of whether it is open source or a paid package.
What needs improvement with Anaconda?
There is room for improvement, especially regarding deployment. The process could be streamlined as the number of actions needed to deploy is quite large compared to other tools.
What do you like most about IBM Planning Analytics?
The most valuable features of IBM Planning Analytics for streamlining planning processes include a unified database where all data are centralized.
What is your experience regarding pricing and costs for IBM Planning Analytics?
While IBM's solutions were costly before, the introduction of SaaS models has reduced prices significantly. Comparatively, IBM rates may be better than those of competitors, such as Hyperion ( /pro...
What needs improvement with IBM Planning Analytics?
IBM is behind competitors like Tableau ( /products/tableau-reviews ) and Power BI in terms of visualization. Their visuals are less innovative and practical with fewer varieties. IBM's visualizatio...
 

Also Known As

No data available
Cognos TM1, IBM Cognos TM1
 

Overview

 

Sample Customers

LinkedIn, NASA, Boeing, JP Morgan, Recursion Pharmaceuticals, DARPA, Microsoft, Amazon, HP, Cisco, Thomson Reuters, IBM, Bridgestone
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
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