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Alteryx vs IBM Planning Analytics comparison

 

Comparison Buyer's Guide

Executive Summary

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

Alteryx
Average Rating
8.4
Reviews Sentiment
7.0
Number of Reviews
81
Ranking in other categories
Predictive Analytics (1st), Data Science Platforms (5th), Data Preparation Tools (1st)
IBM Planning Analytics
Average Rating
8.4
Reviews Sentiment
6.8
Number of Reviews
24
Ranking in other categories
Business Performance Management (3rd)
 

Mindshare comparison

While both are Business Intelligence solutions, they serve different purposes. Alteryx is designed for Predictive Analytics and holds a mindshare of 21.4%, down 26.0% compared to last year.
IBM Planning Analytics, on the other hand, focuses on Business Performance Management, holds 8.7% mindshare, down 9.2% since last year.
Predictive Analytics
Business Performance Management
 

Featured Reviews

Theresa McLaughlin - PeerSpot reviewer
Quick development enables seamless data processing despite occasional support issues
There were times when the product would fail during development without an apparent reason. The support structure changed; initially, we received great support, however, it later became less reliable due to licensing issues and a tiered support system. Licensing negotiations were problematic, affecting our product usage. For instance, our licenses were temporarily lost during negotiations when an agreement couldn't be reached.
Gnanavel-Chakkarapani - PeerSpot reviewer
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

"Once we got it in-house, I knew its value."
"It is efficient in optimizing our ability to get information."
"The solution has excellent drag and drop functionality. There's no need for coding."
"I like the fact that you can easily blend data from different platforms."
"Geo features have made spatial mapping large retail universes possible."
"You get more support with Alteryx, and it's good for non-sophisticated users who can benefit from the support included in the price."
"It saves time on a lot projects. ​"
"The most valuable feature of Alteryx is user-friendliness."
"This level of stability is crucial for a product like Cognos TM1, as using an unstable platform would result in loss of time."
"The scenario modeling capabilities are frequently used to create different scenarios, compare them, and see which action leads to which result."
"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"
"It's a very stable, robust product."
"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 tool is flexible."
"Its stability helps controllers win time in their planning processes."
 

Cons

"When configuring target tables, it is difficult to see the full text when deciding on load operations."
"The next feature release should include easier reporting."
"I mostly used it for flat files, but I have many colleagues who reported that to tune a query, in case they want to directly connect to the database, there is no option to optimize the performance of the query, as we have in Informatica."
"The workflow and pipeline need to improve."
"We can't browse multiple files. When we deploy a solution on a gallery, let's say I have ten different files, and I have to upload them all at once. This is something that's difficult in the gallery. So case by case, I see some downsides, but often we do something alternative."
"The screen when you are looking into your workflows and your ETL processes needs to be improved. You cannot manage it very well."
"Alteryx's predictive data models are pretty average and can be improved."
"Licensing negotiations were problematic, affecting our product usage."
"Scalability is quite hard to implement in TM1, largely since the on-premise installation chosen back in 2014. On a scale, I'd rate scalability at four, out of ten. It's difficult."
"The tool should include features for prediction. It can also improve the scalability."
"If we talk only about the TM1 engine, it's quite rich and possibly too rich, making it complex to perform simple tasks."
"It's wonky, and not super user-friendly with Excel."
"Extracting data is a little slow."
"The dashboard is very poor and needs a lot of improvement."
"Adding predefined templates could be beneficial."
"Planning Analytics could be improved by adding automation features."
 

Pricing and Cost Advice

"The cost of Alteryx is approximately $2,900 annually."
"Alteryx is an expensive solution."
"It has a good price."
"It's probably on the pricey side, but they provide some really useful ways to grow and test."
"While it offers extensive features, including predictive analytics, for those who mainly use it for data preparation and blending, the cost can be prohibitive."
"The solution has a more costly license than other tools in the market."
"The designer has a list price of $5,995 USD."
"If one is a high price, and ten is a low price, I rate the tool's price as a one. The tool is expensive."
"The license of this solution is paid annually. Most of my customers choose a license that includes support."
"It is a bit expensive, but you get what you are paying for."
"IBM Planning Analytics is priced well, and licensing costs are yearly."
"Our licensing cost is approximately $50,000.00 per year."
"I would rate the tool's pricing a nine out of ten since it's 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."
"Compared with the other tools in the market, IBM Planning Analytics is a bit expensive."
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Top Industries

By visitors reading reviews
Financial Services Firm
24%
Manufacturing Company
10%
Computer Software Company
9%
Healthcare Company
6%
Educational Organization
46%
Financial Services Firm
10%
Computer Software Company
6%
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?
TM1 is quite expensive, and I'd rate the pricing as an eight out of ten. While we do get what we want in terms of functionalities and compatibility with other IBM tools, given the product's old arc...
What needs improvement with IBM Planning Analytics?
Since I'm using TM1 as an old version of Planning Analytics, it wouldn't be fair to specify what needs improvement because it's possible these issues have already been addressed in newer versions. ...
 

Comparisons

 

Also Known As

No data available
Cognos TM1, IBM Cognos TM1
 

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, Altair and others in Predictive Analytics. Updated: March 2025.
842,767 professionals have used our research since 2012.