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Alteryx vs IBM Planning Analytics comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

Alteryx
Average Rating
8.4
Number of Reviews
77
Ranking in other categories
Predictive Analytics (1st), Data Science Platforms (4th), Data Preparation Tools (1st)
IBM Planning Analytics
Average Rating
8.6
Number of Reviews
23
Ranking in other categories
Business Performance Management (4th)
 

Mindshare comparison

While both are Business Intelligence solutions, they serve different purposes. Alteryx is designed for Predictive Analytics and holds a mindshare of 24.4%, down 25.7% compared to last year.
IBM Planning Analytics, on the other hand, focuses on Business Performance Management, holds 9.6% mindshare, up 8.3% since last year.
Predictive Analytics
Business Performance Management
 

Featured Reviews

Vivek Vaibhav - PeerSpot reviewer
Mar 11, 2024
Has a good UI and drag-and-drop features which makes it easy to understand
There have been some issues with licensing, particularly with the increased prices. This has led some companies, including ours, to consider reducing the number of licenses or potentially discontinuing their use of Alteryx. Since most of our team members work with Alteryx, deploying workflows to clients who may not have licenses became a hurdle. Every user needed a license to run the workflows, which could pose difficulties, especially for clients who only needed occasional access for small data analyses. Unlike other software like Microsoft Power BI, which offers free trials or user licenses for basic functionality, Alteryx doesn't provide such options, potentially limiting its accessibility for occasional users. It should improve scalability.
Gnanavel-Chakkarapani - PeerSpot reviewer
Mar 22, 2024
Can easily create dashboards and helps businesses improve forecasting accuracy
The product has improved our company's forecasting accuracy since it serves as a very useful tool for our sales and controller teams as they easily get to enter the inputs using views in TM1, which gets loaded into our main database. If there are sales team members in different parts of the world, like in Hong Kong and Singapore, they may prefer to use IBM Planning Analytics, which is easy to use when compared to the Excel tool. Speaking about planning analytics and data analysis, I would say that our company used to use IBM Cognos Analytics for reporting, where we used to use Cognos Dynamic Cubes so that users can easily use its drag and drop features while getting to see the data for which the users had to wait for two to three minutes prior to its use. In our company, tons of data are loaded into the memory, and users can use Cognos Dynamic Cubes to analyze data and understand it. The AI capabilities of IBM have benefited our planning strategy as they are very useful for business. The tool allows the easy creation of dashboard reports using AI capabilities. No technical knowledge is required for business use cases. It is possible to integrate the product in scenarios where some new integrations are available. I remember that my company used Azure Data Factory to connect Azure, Oracle, and IBM WebSphere Application Server. When it comes to IBM Planning Analytics, it is complex to integrate it with LDAP and or any other authentication tool offered by Microsoft. In our company, some users like to integrate IBM Planning Analytics with the common LDAP or Microsoft AD, which we currently use for all our applications. The authentication part is difficult to configure with IBM Planning Analytics. The maintenance of the product is easy. My company has scheduled maintenance on the product every week, especially during forecast times, so that memories automatically lapse and users can freely access their servers. The use of the tool has had an impact on collaboration within our company's planning team since everyone knows how to easily access the data and publish the results. I recommend the product to those who plan to use it. I rate the tool a nine out of ten.

Quotes from Members

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

Pros

"It allows for manipulation and automation, which has greatly reduced the amount of time required per project."
"Alteryx effectively visualizes the flow of data and what happens at each stage. I also like that it's a no-code solution. I also like that you can troubleshoot certain parts of the workflow by putting them in a sandbox."
"The tools are built-in. You just plug and play, drag and drop, once you understand how to use the tools, it is easy."
"Its initial setup is easy."
"The value add of Alteryx is the agility for making changes, and speed of deployment."
"The solution offers excellent predicting power. The accuracy and confidence have been great."
"The feature that I have found most valuable for Alteryx is its geo-referencing feature, it is very good. I use it a lot, especially for supply chain."
"My primary focus is creating numerous data pulls, and Alteryx Server handles the automation well."
"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."
"Navigating through the data to make analysis is really quick."
"Planning Analytics' best features include automatic updates and slicing."
"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."
"The most valuable feature is that it is able to slice and dice the data."
"The tool is flexible."
"The most valuable features of IBM Planning Analytics for streamlining planning processes include a unified database where all data are centralized."
"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"
 

Cons

"Alteryx is just as complicated as coding, in my opinion."
"There's a big jump in terms of pricing between license tiers. I'm not sure I understand why the price jumps are so high."
"There have been some issues with licensing, particularly with the increased prices. This has led some companies, including ours, to consider reducing the number of licenses or potentially discontinuing their use of Alteryx."
"Deep learning models are not currently supported."
"The product could benefit from improved integration with visualization tools or even the inclusion of built-in visualization features."
"They should work on its pricing."
"If there is any way to make the learning curve less steep, that would be ideal."
"The server is too expensive for what you get and it really a designer desktop on a server."
"Planning Analytics could be improved by adding automation features."
"The tool's transport layer could be improved when promoting development between environments."
"It's wonky, and not super user-friendly with Excel."
"The tool should include features for prediction. It can also improve the scalability."
"The workspace API should be improved and documented so we know better which objects are used."
"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."
"Adding predefined templates could be beneficial."
 

Pricing and Cost Advice

"The license is really expensive, we cannot afford to have two or three. It takes away all the budget of my area."
"The license price of the solution is expensive."
"In my opinion, it's actually quite expensive."
"Alteryx is generally more suited for medium—to large companies due to its potentially high licensing costs."
"There are some implementation services and internal effort costs at the beginning but there is nothing else."
"Its price should be lower. The key thing that we see is that talking about ROI is an important element at the time of purchase. Cost becomes a factor in every discussion. Justifying the ROI for these kinds of workflows is always a challenge, and the only way to counter the challenge is by addressing the pricing."
"​Very transparent.​"
"In order to have designers, and, if you want to collaborate, you have to buy a server. If the designer is $5,000, and if you want a server, you have to pay $80,000."
"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."
"It is a bit expensive, but you get what you are paying for."
"Our licensing cost is approximately $50,000.00 per year."
"Compared with the other tools in the market, IBM Planning Analytics is a bit expensive."
"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."
"The license of this solution is paid annually. Most of my customers choose a license that includes support."
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Top Industries

By visitors reading reviews
Financial Services Firm
24%
Manufacturing Company
10%
Computer Software Company
8%
Healthcare Company
6%
Educational Organization
46%
Financial Services Firm
10%
Computer Software Company
7%
Manufacturing Company
6%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

Questions from the Community

What is the Biggest Difference Between Alteryx and IBM SPSS Modeler?
One of the differences is that with Alteryx you can use it as an ETL and analytics tool. Please connect with me directly if you want to know more.
What is the Biggest Difference Between Alteryx and IBM SPSS Modeler?
Alteryx is an extremely easy and flexible data tool, flexible in terms of drag and drop toolset and also has python, R integrations if your team requires this. It can handle over 2 billion rows of...
What is the Biggest Difference Between Alteryx and IBM SPSS Modeler?
I am not familiar with IBM SPSS Modeler, therefore, I cannot compare these two products. Regarding Alteryx I can say the following: - An excellent desktop tool for Data Prep and analytics. - Featu...
What do you like most about IBM Planning Analytics?
The most valuable features of IBM Planning Analytics for streamlining planning processes include a unified database where all data are centralized.
What is your experience regarding pricing and costs for IBM Planning Analytics?
The cost of IBM Planning Analytics is not cheap, considering the amount of money involved. However, it offers good ROI for customers.
What needs improvement with IBM Planning Analytics?
The workspace API should be improved and documented so we know better which objects and tier-one objects are used.
 

Comparisons

 

Also Known As

No data available
Cognos TM1, IBM Cognos TM1
 

Learn More

 

Overview

 

Sample Customers

AnalyticsIq Inc., belk, BloominBrands Inc., Cardinalhealth, Cineplex, Dairy Queen
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
Find out what your peers are saying about Alteryx, SAP, RapidMiner and others in Predictive Analytics. Updated: November 2024.
814,649 professionals have used our research since 2012.