IBM Cognos and Workday Prism Analytics compete in analytics and business intelligence. IBM Cognos holds an edge with its flexibility and customization, while Workday Prism Analytics excels in integration with Workday applications, making it more appealing for Workday users despite some limitations in data source integrations.
Features: IBM Cognos provides advanced reporting, customization options, and strong integration with multiple data sources. Workday Prism Analytics offers seamless integration with Workday, simplified data management, and advanced analytics capabilities.
Room for Improvement: IBM Cognos could improve its complex deployment process and required technical resources. It may also benefit from providing faster training for users. Workday Prism Analytics could enhance its data source integration, expand its reporting capabilities, and improve user navigation options to make it more intuitive outside of the Workday environment.
Ease of Deployment and Customer Service: IBM Cognos has a complex deployment model that necessitates significant IT involvement. Workday Prism Analytics, in contrast, offers simpler deployment within Workday ecosystems, with streamlined support and training resources tailored for Workday customers.
Pricing and ROI: IBM Cognos generally involves a higher setup cost due to its robust customization capabilities, but it promises significant ROI through comprehensive analytics over time. Workday Prism Analytics offers a more affordable entry point for existing Workday customers, delivering immediate value, though its ROI strongly relies on existing Workday ecosystem use.
| Product | Market Share (%) |
|---|---|
| IBM Cognos | 1.7% |
| Workday Prism Analytics | 1.4% |
| Other | 96.9% |
| Company Size | Count |
|---|---|
| Small Business | 33 |
| Midsize Enterprise | 23 |
| Large Enterprise | 83 |
IBM Cognos Business Intelligence provides a wide range of tools to help you analyze your organization's data. IBM Cognos BI allows businesses to monitor events and metrics, create and view business reports, and analyze data to help them make effective business decisions.
IBM Cognos applies techniques to describe, summarize, and compare data, and draw conclusions. This allows users to see trends and discover anomalies or variances that may not be evident by simply reading data. Data sources that contain information from different areas of a business can be stored in separate packages. Users can see only information that they have been granted access to, based on their group or role.
IBM Cognos BI consolidates the following business intelligence functions into a single web-based solution:
Reviews from Real Users
IBM Cognos stands out among its competitors for a number of reasons. Two major ones are its powerful analysis tool and its reporting capabilities.
Prasad B., a senior software engineer at a financial services firm, notes, “The product is a very good reporting tool and is very flexible. It allows for the users to get a scheduled report. We can receive automated reports as well. They are easy to schedule on a weekly or monthly basis. It is very fast. I mean in means of report output, it's very fast compared to the actual clients involved.”
With Workday Prism Analytics, you can bring data in at scale from any source and prepare, analyze, and securely share it with your organization. The result? You gain all the insights you need to drive better business outcomes.
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