We performed a comparison between IBM Planning Analytics and ThoughtSpot based on real PeerSpot user reviews.
Find out what your peers are saying about Anaplan, Oracle, Jedox and others in Business Performance Management."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 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."
"It's a very stable, robust product."
"All the different platforms are well integrated."
"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."
"The tool is flexible."
"Planning Analytics' best features include automatic updates and slicing."
"The ability to do ad hoc explorations of data has been most valuable."
"It is easy to set up the solution."
"The initial setup was very straightforward."
"I would say the return on investment is good. Whatever we invested, we got results. We have been finding it easy to use and onboard new use cases."
"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."
"It's easy to drill down or expand data to get more details right out of the box."
"The scalability is good."
"ThoughtSpot takes the modifying of existing reports out of our hands."
"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 should include features for prediction. It can also improve the scalability."
"It is a bit expensive, but it does the job."
"It's wonky, and not super user-friendly with Excel."
"The local authentication part is difficult to manage in the product, making it an area where improvements are required."
"It would have been better if the solution was not just a tool kit."
"Extracting data is a little slow."
"The tool's transport layer could be improved when promoting development between environments."
"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."
"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."
"The most difficult thing I found is that it only deals with the files and does not have direct connectivity to databases."
"The one area of the solution that I do hear needs improvement is on the visualization front."
"A customized visualization is lacking in this product."
"If I want to order columns, this feature is not there."
"I would like to see more flexibility in adding the pins. Currently, we have four different sizes in which I can add pins, but I would like to be able to resize my pins."
"ThoughtSpot is a fairly new product, so some usability aspects aren't as mature as we'd like them to be. One example is their organizational methodology, like how objects are organized in their dashboards inside the product. They're all on a flat list, which works if you've got five or 10 dashboards. However, it's insufficient when you're a large enterprise with multiple groups looking at the same dashboards. It isn't organized well."
IBM Planning Analytics is ranked 6th in Business Performance Management with 21 reviews while ThoughtSpot is ranked 15th in BI (Business Intelligence) Tools with 8 reviews. IBM Planning Analytics is rated 8.6, while ThoughtSpot is rated 7.6. The top reviewer of IBM Planning Analytics writes "Can easily create dashboards and helps businesses improve forecasting accuracy". On the other hand, the top reviewer of ThoughtSpot writes "You can drill down into any data right out of the box, with a straightforward deployment, and great support". IBM Planning Analytics is most compared with SAP Analytics Cloud, Microsoft Power BI, Anaplan, Jedox and IBM Cognos, whereas ThoughtSpot is most compared with Tableau, Microsoft Power BI, Looker, Amazon QuickSight and Mode Analytics.
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