Adaptive Insights vs ThoughtSpot comparison

Read 12 ThoughtSpot reviews

856 Views
623 Comparison Views

91% willing to recommend

Adaptive Insights

Comparison Buyer's Guide

Download the report

Executive SummaryUpdated on Jan 1, 2025

Adaptive Insights and ThoughtSpot compete in data management and analysis. Adaptive Insights has the upper hand in financial planning tools, while ThoughtSpot excels in advanced data analytics capabilities.

Features:Adaptive Insights offers robust financial planning, real-time forecasting, and streamlined budgeting, providing an effective business operation experience. Its financial planning platform is backed by cloud-based capabilities for easy accessibility. ThoughtSpot simplifies data exploration through AI-driven analytics, offers real-time insights across multiple datasets, and empowers users with customizable dashboards, providing broad data analytics solutions.

Room for Improvement:Adaptive Insights requires enhancements in integration capabilities with other financial systems, more customizable reporting options, and user-friendly interfaces for better adoption. ThoughtSpot needs improvements in ease of use for non-technical users, reduction in initial setup complexity, and more competitive pricing options to widen its user base.

Ease of Deployment and Customer Service:Adaptive Insights has a straightforward cloud-based deployment that integrates smoothly with existing systems and offers excellent customer service. ThoughtSpot's cloud-based deployment requires a more technical initial setup, and its customer service is adept at handling complex implementations.

Pricing and ROI:Adaptive Insights offers a competitive pricing model aligned with its financial planning services, ensuring good ROI due to its targeted functionalities. ThoughtSpot's pricing is higher, reflecting its extensive analytics capabilities. However, companies focusing on comprehensive data analysis find its ROI justified by enhanced decision-making capabilities.

To learn more, read our detailed Adaptive Insights vs. ThoughtSpot Report (Updated: April 2025).

Adaptive Insights vs. ThoughtSpot

April 2025

Download the complete report

Helped 847,625 peers since 2012

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

Adaptive Insights

Ranking in Data Visualization

11th

Average Rating

8.4

Reviews Sentiment

7.0

Number of Reviews

Ranking in other categories

Business Performance Management (8th), Financial Performance and Strategy Management (3rd), Reporting (12th), ESG Reporting Software (4th)

ThoughtSpot

Ranking in Data Visualization

14th

Average Rating

7.8

Reviews Sentiment

6.9

Number of Reviews

Ranking in other categories

BI (Business Intelligence) Tools (18th), Embedded BI (8th)

Mindshare comparison

As of April 2025, in the Data Visualization category, the mindshare of Adaptive Insights is 0.7%, up from 0.6% compared to the previous year. The mindshare of ThoughtSpot is 2.1%, down from 2.7% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Data Visualization

Featured Reviews

Andrew Rosenberg

Adaptive Planning Manager at Alight

Adaptive scales well, simple to create new budget versions and models

For the organization I used to work at, it streamlined the process of creating budgets. It's very simple to create a new version and do some more modeling based on your need for planning things like headcount, other expenses, and revenue, everything is configurable within Workday. So that made it easy. Reporting was pretty easy to set up as well. It streamlined the amount of time it took to do the budget as well as kind of making it simple to implement a rolling forecast process. So, it really was more just a productivity increase and time shortening for the budgeting and forecasting process.

Read full review

Sushma Polavarapu

Sr Data Analytics Consultant at Capgemini

Creates user-friendly analysis environments for large datasets

The tool is user-friendly for the end users. It is primarily a search-based tool. Users do not need a technical background to work directly on the dataset. Its compatibility with most databases, including the latest from FlexMovely and Redshift, allows users to create joins and worksheets easily. ThoughtSpot is fast, even with one to ten terabytes of data.

Read full review

Quotes from Members

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

Pros

"The integration with our payroll system to complete staff modeling during our budget and forecast processes."

"The biggest feature is the source of truth for all of our budget and forecast versions."

"Automated reporting."

"It helps develop a more unified work format throughout the company."

"Changes to corporate structure, account codes are updated in all versions including prior years, hence "one-version of truth" as claimed."

"Forecasting changes that instantly flow through all financial statements."

"The most valuable feature of the solution is its dashboard."

"Reports are allowed to be edited for aesthetic purposes, which is lacking in a lot of other dashboard tools."

More Adaptive Insights pros

"ThoughtSpot takes the modifying of existing reports out of our hands."

"It's easy to drill down or expand data to get more details right out of the box."

"The initial setup was very straightforward."

"The self-service analytics capabilities are unrivaled, making it a top-notch solution."

"The ability to do ad hoc explorations of data has been most valuable."

"ThoughtSpot is much easier to work with and maintain than other BI solutions, and it significantly reduces costs related to manual labor."

"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."

"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."

More ThoughtSpot pros

Cons

"It's a Workday product; they could do a little bit better to integrate a pure-play integration with Workday, which really doesn't do that."

"The integrations could be simpler. It takes quite a bit of internal and IT know-how to set up."

"Discovery (the data visualization module): Needs to catch up with BI leaders, such as MS and Tableau. E.g., sorting by amounts in column charts and page slicers to control all visuals."

"Their customer support team is slow to respond and not extremely confident."

"Being able to drill down when using OfficeConnect needs work."

"The upload feature exists, but isn't terribly useful."

"Adaptive Insights has a limit of 1,00,000 rows for HTML reports. It should be improved because we will have multiple dimensions that need to be populated to enhance the image."

"We tried Discovery and OfficeConnect at one point and found them too cumbersome, at the time."

More Adaptive Insights cons

"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."

"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."

"The visualization customization needs improvement."

"I encountered limitations mainly around UI and dashboard configuration."

"The most difficult thing I found is that it only deals with the files and does not have direct connectivity to databases."

"A customized visualization is lacking in this product."

"If I want to order columns, this feature is not there."

"The support team gets a six out of ten. They are not as proactive."

More ThoughtSpot cons

Pricing and Cost Advice

"Prior to purchasing licenses, make sure you understand which users will only need planning and which users will need both planning and OfficeConnect."

"Adaptive Insights' pricing is reasonable."

"Adaptive Insights' pricing is relative to its peer competitors. It's certainly competitive compared to a spreadsheet template that you build in Excel. It can be expensive if you need to have 100-500 budget holders giving input and building financial plans. However, in that case, it becomes an extremely good bargain. Compared to its competitors, it offers an excellent value."

"Licensing seems to be worth the cost considering the efficiency Adaptive brings."

"Ensure that you have the proper pricing plan in place."

"Everything is negotiable, but this solution is low cost compared to others."

"It's affordable."

"Pricing is in line with other cloud-based EPM tools. It is a subscription-based model based upon the number of users and site type if it's an admin or end-user type thing."

"I give the pricing a six out of ten."

See which vendors are best for you

Use our free recommendation engine to learn which Data Visualization solutions are best for your needs.

See recommendations

847,625 professionals have used our research since 2012.

Top Industries

By visitors reading reviews

Computer Software Company

15%

Financial Services Firm

10%

Real Estate/Law Firm

Healthcare Company

Financial Services Firm

22%

Computer Software Company

13%

Manufacturing Company

11%

Healthcare Company

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

Questions from the Community

What do you like most about Adaptive Insights?

It's very simple to create a new version and do some more modeling based on your need for planning things like headcount, other expenses, and revenue, everything is configurable within Workday.

What is your experience regarding pricing and costs for Adaptive Insights?

12 years ago, it was very affordable. Workday has definitely increased its price since it acquired Adaptive a few years ago. So, it's affordable. But there are other more affordable solutions that ...

What needs improvement with Adaptive Insights?

The integrations could be simpler. It takes quite a bit of internal and IT know-how to set up. So, there could be room for just improving the integrations, making it easier to integrate outside sys...

What is your experience regarding pricing and costs for ThoughtSpot?

ThoughtSpot is expensive. When compared with Tableau and Sisense, it is around seven or eight on the expense scale.

What needs improvement with ThoughtSpot?

The visualization customization needs improvement. Currently, it is not as customizable as the options available on Power BI or Tableau. It mainly offers basic chart options.

What is your primary use case for ThoughtSpot?

I use ThoughtSpot as one of the visualization tools. I mainly create some live boards and provide access to the data sources and worksheets to users so they can create their own analyses and answer...

IBM Planning Analytics vs Adaptive Insights

Comparisons

Compared 14% of the time

Planful vs Adaptive Insights

Compared 13% of the time

Oracle Hyperion vs Adaptive Insights

Compared 12% of the time

Tableau vs Adaptive Insights

Compared 10% of the time

Anaplan vs Adaptive Insights

Compared 10% of the time

More Adaptive Insights Competitors

Microsoft Power BI vs ThoughtSpot

Compared 23% of the time

Tableau vs ThoughtSpot

Compared 19% of the time

Databricks vs ThoughtSpot

Compared 15% of the time

Looker vs ThoughtSpot

Compared 9% of the time

Amazon QuickSight vs ThoughtSpot

Compared 8% of the time

More ThoughtSpot Competitors

Product Reports

Download Adaptive Insights product report

Adaptive Insights

April 2025

Download ThoughtSpot product report

March 2025

Also Known As

Workday Adaptive Planning, Adaptive Discovery , Workday Adaptive Planning

No data available

Overview

Adaptive Insights is a cloud-based financial planning and analysis software that helps businesses streamline their budgeting, forecasting, and reporting processes.

With its intuitive interface and powerful analytics, it enables organizations to make data-driven decisions and drive business performance.

Workday

ThoughtSpot is a powerful business intelligence tool that allows easy searching and drilling into data. Its ad hoc exploration and query-based search features are highly valued, and it is easy to set up, stable, and scalable.

The solution is used for reporting purposes, self-service BI, and embedding into other applications for customers to do self-service analytics. It helps businesses with metrics, KPIs, and important insights by sourcing data from various sources into one golden source and visualizing it in an easy way for the business to consume. The pricing model is ideal, charging for data rather than the number of users.

Sample Customers

1. Cisco Systems 2. Coca-Cola Bottling Co. Consolidated 3. Deloitte 4. DocuSign 5. Dropbox 6. Electronic Arts 7. Fender Musical Instruments Corporation 8. Fitbit 9. Fossil Group 10. Groupon 11. Hilton Worldwide 12. HP Inc. 13. Intuit 14. Johnson & Johnson 15. LinkedIn 16. Lyft 17. McAfee 18. Medtronic 19. Netflix 20. Oracle 21. Pandora 22. PayPal 23. Pinterest 24. Red Hat 25. Salesforce 26. ServiceNow 27. Slack Technologies 28. Spotify 29. Symantec 30. Tableau Software 31. Twitter 32. Workday

Primary Capital Mortgage, Sterling Backcheck, RichRelevance, Rambus, Batteries Plus Bulbs