IBM Planning Analytics and Domo are competing in business intelligence and analytics markets. While IBM Planning Analytics is renowned for its financial planning prowess, Domo is favored for its extensive data visualization and integration features, making Domo potentially more appealing for data-driven organizations.
Features: IBM Planning Analytics provides robust financial planning, budgeting, forecasting capabilities, integration with Excel, and fast in-memory processing. Domo offers exceptional data visualization, real-time integration, dashboard customization, and numerous pre-built data connectors.
Room for Improvement: IBM Planning Analytics could enhance real-time data integration, simplify its programming language, and expand mobile capabilities. Domo might benefit from improved data processing speeds, advanced analytics beyond standard visualizations, and more intuitive interface navigation.
Ease of Deployment and Customer Service: IBM Planning Analytics typically involves complex deployment processes due to its extensive features, with excellent customer service to support implementation. Domo's cloud-based deployment is straightforward and rapid, backed by agile, on-demand customer service ideal for fast-paced environments.
Pricing and ROI: IBM Planning Analytics generally offers lower initial setup costs, appealing to financially cautious users, but ROI depends on leveraging its comprehensive planning features. Domo, with higher setup costs, provides significant ROI with its extensive data visualization and management capabilities, proving valuable for data-centric decision making.
If you're actually using Domo at a very limited case and you're being charged $20,000, we've seen ROI there, but once it goes really high, you really need to check your metrics and check your profit.
No matter how complex the problem is, it can be taken care of by the support team.
They were quite professional and in around three to five working days, they had identified where they suspected there was an issue and I was able to fix it.
It's very easy to get technical support from Domo.
We have a multi-level support system, with the initial level handled by the company we bought the license from and subsequent support from IBM.
Instead, we rely on third-party partners recognized by IBM, who provide cost-effective support.
The fact that you're able to easily identify the pipelines or flows that have errors, and it notifies you when you're building a pipeline where you can run previews and tell where to fix issues, is helpful.
When fetching files larger than 100 MB from SFTP or any other portal, Domo becomes slow due to the heavy file size.
Everything comes under the same umbrella and it's pretty user-friendly.
Scalability is quite hard to implement in TM1, largely since the on-premise installation chosen back in 2014.
Scalability is straightforward but it is pricey since it's a SaaS model priced per user.
In recent years, I haven't had such cases. It's quite stable and I don't have any reservations on its stability.
In terms of overall stability of the platform, it's very stable.
During that time, we faced issues from the project side as Domo was not visible in our portal.
This stability is really important as we use it for budget calculation, which is time-consuming.
End users require a license to run their own reports and dashboards, which are fairly expensive.
Some technical aspects such as Beast Mode calculation could be improved in Domo, as it would provide more clarity and help in giving insights to clients or customer business team requirements.
One of the areas where we've had frustrations with Domo is the aesthetics. The aesthetics are quite limited compared to other BI tools such as Tableau and Power BI.
The abundance of features results in complexity, requiring strict guidelines for developers to ensure simplistic approaches are adhered to.
IBM's visualization needs significant improvement.
Domo's pricing is high compared to other BI tools, and it is costly.
For long-time users, it can become expensive, but the trade-off is access to the entire platform instead of licensing different components separately.
They quoted approximately one dollar per KB.
TM1 is quite expensive, and I'd rate the pricing as an eight out of ten.
While IBM's solutions were costly before, the introduction of SaaS models has reduced prices significantly.
App Studio is valuable because it allows all the customization we needed; we can decode it, with the view and grid which are all I need, drill-downs, and everything can be done the way I need it.
I have been using it for four years and have been able to extract the information I need from it.
The most valuable feature of Domo is the fact that you can connect multiple inputs and you don't have to have a data warehouse.
Its stability helps controllers win time in their planning processes.
It also integrates machine learning and AI engines, enabling us to use algorithms for inventory forecasting which optimizes our inventory and replenishment rates.
Product | Market Share (%) |
---|---|
IBM Planning Analytics | 6.3% |
Domo | 1.9% |
Other | 91.8% |
Company Size | Count |
---|---|
Small Business | 16 |
Midsize Enterprise | 11 |
Large Enterprise | 20 |
Company Size | Count |
---|---|
Small Business | 16 |
Midsize Enterprise | 4 |
Large Enterprise | 7 |
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.
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