Domo vs IBM Planning Analytics comparison

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Read 35 Domo reviews
359 views|243 comparisons
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2,233 views|1,318 comparisons
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Executive Summary

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

Find out in this report how the two Business Performance Management solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.
To learn more, read our detailed Domo vs. IBM Planning Analytics Report (Updated: March 2024).
765,386 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
"The solution is highly stable.""The ETL tools they have in Redshift are pretty awesome... I can work in Redshift to get the data from AWS and work in Redshift, in Domo, to create Transforms and the data structure we need...""The data certification feature, where the admin user can put a certified stamp on a data source so that other users can know that that is the correct and accurate data flow or data source to use, is a good feature.""The ease of use, overall, is one of the valuable features, as is the ease of setup. Other than making sure IT was aware of, and agreed with our proceeding, we did not need IT for any of the setup. The ease of setup is more valuable than you might think. The ease of configuring the security policies, setting up groups, and setting up personalized data permissions so that only certain people can see certain data — that stuff is amazing... Domo really is extraordinarily full-featured, but it's really easy to use.""The most valuable feature currently is the self-service BI availability in Domo. I would say the data file fabric solutions where the users themselves are responsible for generating their own reports.""It has the best GUI. And it already has an ETL tool embedded in it...""This solution allows us to change our performance metrics and tracks our goals in real-time.""In general, Domo is very powerful and very easy to use, relatively speaking."

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"IBM Planning Analytics is easy to use and deploy. It is quick to develop. The calculation machine is also very fast.""The flexibility of IBM Planning Analytics is a great feature of this solution. The design flexibility with data rules and defining calculations The ability to combine online and offline calculations are a benefit. Additionally, the forecasting features and predictive analytics is very good.""Navigating through the data to make analysis is really quick.""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""The most valuable feature is that it is able to slice and dice the data.""The tool is flexible.""Planning Analytics' best features include automatic updates and slicing.""A lot of the platform is in-memory, so Planning Analytics can run calculations quite fast. It also offers several user interfaces. And in the newest version of Planning Analytics, there is a new one called the Planning Analytics Workspace. Maybe it could be useful for the business side."

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Cons
"The forecasting feature, the regression features, and the Python libraries could all be improved. They're all in beta.""It's quite slow. We are using about 2,000,000 rows of data. Creating certain reports takes almost a couple of minutes, which should not be the case.""In Tableau, you can create virtually any kind of visualization. Based on your creativity, you can create a visualization on a human body structure, you can create a visualization on anything that you want. But Domo is limited to a few kinds of visualization views: standard things like bar, pie, and some other charts... I would like to see them add new views for presenting the data in the visualization space.""They should include service-based reporting features.""It is very difficult too, if we do have specific requests or errors that we can't get figure out - especially when it comes to the development platform, developing custom connectors or doing any kind of API work, custom cards - in that there's a lag in the response time.""If Domo had a Copilot feature, you could interact with the graphs and talk to the graphs and tables.""The preconfigured apps need to be more relevant to allow one, out of the box, to load data in order to use pre-set reports/views.""They could use more charts. They have had a very limited number of charts we can use. I believe, now, there are somewhere around 30 of them, but they could definitely use some more options."

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"It's wonky, and not super user-friendly with Excel.""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's transport layer could be improved when promoting development between environments.""Extracting data is a little slow.""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.""The dashboard is very poor and needs a lot of improvement.""Planning Analytics could be improved by adding automation features.""It would have been better if the solution was not just a tool kit."

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Pricing and Cost Advice
  • "I believe that the investment in Domo was worthwhile because it allowed for the organization to jump in quickly, with little training. There are different plans available based on the requirements."
  • "They've built an "app economy." Some of them are really expensive, so they're not for startups and smaller companies. They're more like enterprise tools. We couldn't afford some of them, because they were so crazy expensive. But if I was working for a bank, insurance company, or some bigger corporation then, for sure, you could justify those prices... It was silly expensive back then and it probably still is, or even more expensive."
  • "We are making money from Domo, and all our clients are happy with the information that they receive from it."
  • "It is on the pricier end."
  • "Domo is slightly costly but it's much cheaper than some."
  • "I'm not sure about pricing, but I believe Domo is quite costly. Prior to joining this organization, I had a Domo license with my former employer and I think that license was around $500 to $600 annually. That was for a single license. I think it varies, depending on the organization that is acquiring Domo."
  • "For about 100 users our cost is $95,800."
  • "Because it's software as a service, it's more expensive on the face of it. But there are a lot of variables. I don't have to pay for servers or for infrastructure. I don't have to pay labor for my IT organization to set up or maintain the environment. I don't have to pay for them to upgrade the software, and test it, etc., because when it rolls out, it is transparent and seamless for us. But, because of that, it costs more, I imagine, than Sisense, or Yellowfin, or Power BI. A lot of those make it sound like they're inexpensive, but when you add in all the hidden costs and all of the overhead, it's probably comparable."
  • More Domo 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."
  • More IBM Planning Analytics Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:All our client SLAs and daily and weekly dashboards are tracked on Domo.
    Top Answer:Domo can be crazy expensive.  They have a lot of capabilities but depending on the pricing model you have, either they nickel-and-dime you for add-ons or charge you for each job execution under the… more »
    Top Answer:If Domo had a Copilot feature, you could interact with the graphs and talk to the graphs and tables.
    Top Answer:IBM Planning Analytics is easy to use and deploy. It is quick to develop. The calculation machine is also very fast.
    Top Answer:IBM Planning Analytics is priced well, and licensing costs are yearly.
    Top Answer:The tool's transport layer could be improved when promoting development between environments.
    Ranking
    Views
    359
    Comparisons
    243
    Reviews
    9
    Average Words per Review
    694
    Rating
    7.9
    Views
    2,233
    Comparisons
    1,318
    Reviews
    4
    Average Words per Review
    226
    Rating
    9.3
    Comparisons
    Also Known As
    corda
    Cognos TM1, IBM Cognos TM1
    Learn More
    Overview

    Domo is a cloud-based, mobile-first BI platform that helps companies drive more value from their data by helping organizations better integrate, interpret and use data to drive timely decision making and action across the business. The Domo platform enhances existing data warehouse and BI tools and allows users to build custom apps, automate data pipelines, and make data science accessible for anyone through automated insights that can be shared with internal or external stakeholders.

    Find more information on The Business Cloud Here.

    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.

    Sample Customers
    Capco, SABMiller, Stance, eBay, Sage North America, Goodwill Industries of Central Indiana, Telus, The Cliffs, OGIO International Inc., and many more!
    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
    Top Industries
    REVIEWERS
    Retailer12%
    Financial Services Firm12%
    Computer Software Company12%
    Media Company8%
    VISITORS READING REVIEWS
    Computer Software Company13%
    Manufacturing Company10%
    Financial Services Firm7%
    Retailer7%
    REVIEWERS
    Computer Software Company25%
    Real Estate/Law Firm13%
    Non Tech Company13%
    Maritime Company13%
    VISITORS READING REVIEWS
    Educational Organization43%
    Financial Services Firm10%
    Computer Software Company7%
    Manufacturing Company5%
    Company Size
    REVIEWERS
    Small Business36%
    Midsize Enterprise25%
    Large Enterprise39%
    VISITORS READING REVIEWS
    Small Business28%
    Midsize Enterprise15%
    Large Enterprise57%
    REVIEWERS
    Small Business57%
    Midsize Enterprise17%
    Large Enterprise26%
    VISITORS READING REVIEWS
    Small Business11%
    Midsize Enterprise46%
    Large Enterprise43%
    Buyer's Guide
    Domo vs. IBM Planning Analytics
    March 2024
    Find out what your peers are saying about Domo vs. IBM Planning Analytics and other solutions. Updated: March 2024.
    765,386 professionals have used our research since 2012.

    Domo is ranked 8th in Business Performance Management with 35 reviews while IBM Planning Analytics is ranked 6th in Business Performance Management with 20 reviews. Domo is rated 7.8, while IBM Planning Analytics is rated 8.4. The top reviewer of Domo writes "Robust, powerful, and easy to use". On the other hand, the top reviewer of IBM Planning Analytics writes "Beneficial predictive analytics, flexibility, and useful forecasting". Domo is most compared with Tableau, Microsoft Power BI, Databricks, Looker and Amazon QuickSight, whereas IBM Planning Analytics is most compared with SAP Analytics Cloud, Microsoft Power BI, Anaplan, IBM Cognos and Jedox. See our Domo vs. IBM Planning Analytics report.

    See our list of best Business Performance Management vendors.

    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.