MicroStrategy vs ThoughtSpot comparison

MicroStrategy and ThoughtSpot are both solutions in the BI (Business Intelligence) Tools category. MicroStrategy is ranked #8 with an average rating of 7.5, while ThoughtSpot is ranked #17 with an average rating of 7.5. Additionally, 92% of MicroStrategy users are willing to recommend the solution, compared to 87% of ThoughtSpot users who would recommend it.

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Executive Summary

We performed a comparison between MicroStrategy and ThoughtSpot based on real PeerSpot user reviews.

Find out in this report how the two BI (Business Intelligence) Tools solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.

To learn more, read our detailed MicroStrategy vs. ThoughtSpot Report (Updated: October 2024).

Buyer's Guide

MicroStrategy vs. ThoughtSpot

October 2024

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Categories and Ranking

IBM Cognos

Featured Reviews

Carlos Larrad Salgado

Deputy Director Operations Management Control at Mapfre

Improved the quality of our KPIs, while reducing calls to the IT department

I don't like that when we use Colab packages, we get less functionality. For example, you can make groups of data with Excel or with the data sets from the packages, but when you use the Colab packages directly, you can only group the data when you analyze it with Analysis Studio. I think Cognos needs to improve more on this functionality. The user experience is also very important. Cognos is not very easy to understand sometimes, especially when they change the layout but keep the functionality the same. The help is not very graphic and they have no examples. Cognos has to make a big effort to help with understanding the functionality by improving the documentation. There is a lot of documentation, but the examples are hard to find and they should make their help section easier to understand for non-technical users.

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Pietro Saglietti

Management Consultant at STG

A robust solution for powerful data analytics

I need some reliable references or resources because it's proven quite challenging to obtain information about MicroStrategy in Italy. It's frustrating not to have access to pricing details because, when discussing analytics tools in general and specifically mentioning MicroStrategy to potential customers, I can't provide them with essential information about pricing, licensing, cloud options, on-premises solutions, and more. Overall, it is a good product and I would rate it nine out of ten.

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Anthony Fiorino

SVP, Head of Enterprise Data Mgmt & Data Intelligence at a financial services firm with 5,001-10,000 employees

You can drill down into any data right out of the box, with a straightforward deployment, and great support

The most valuable feature is probably the core functionality itself, which is the ability to search and drill down into any data right out of the box. Of course, there's data modeling needed, and things like that, but I can throw it at a set, and I can get up and running in a matter of hours. If a new group comes to me and says, "Hey, I've heard about ThoughtSpot. I have some data and I want to be able to do some analytics, do some profiling, do some BI against it." In a couple of hours, I connect to their source and I just do it. Now for a production product, we have to model and perform it over time, but at least I can get people up and running extremely fast with a tool that's intuitive and easy to use.

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Quotes from Members

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

Pros

"Self-service is possible through the use of dashboards, which are also very intuitive. Stories can be used to pin snapshots, tell the story for meetings, etc."

"Stability-wise, I rate the solution a ten out of ten."

"The most valuable feature is developing reports from different data sources, making it a reliable data source."

"The comprehensiveness or broadness of the software functions or business intelligence functions that it provides is valuable. It is also quite easy to use and user-friendly."

"The three IBM Cognos features I find the most valuable are Dynamic Cubes, PowerPlay, and Watson."

"Using custom controls, it is possible to extend the application with even more functionality and make the application intuitive and attractive."

"The initial setup is quite straightforward."

"A drag-and-drop interface for selecting creating ad hoc reports makes this product very easy to use."

More IBM Cognos pros

"In terms of functionality, MicroStrategy is alright. It's a solid BI tool and can handle most tasks you'd expect."

"It offers us a lot of out-of-the-box tools, which give us the ability to automate a lot of our administrative tasks. Some things become menial: user creation, restarting a server at 10 o'clock on a Friday - simple things that they really give you the tools to be able to do. That's one thing I really like about the MicroStrategy platform from an administrative perspective."

"Transaction Services, that was really the part of the tool that made it very compelling for us, because it gave the opportunity to drive action."

"The most valuable features of MicroStrategy are user-friendliness and integration with the different data warehouse systems."

"Reports are very easy to create. It takes a very short amount of time to build a report, which is very useful."

"It's an open platform. That's also important. You can create your own data connectors. There's everything you can do with APIs. It's not closed like, perhaps, an SAP system might be."

"You can build once and deploy to multiple operating systems. Also, it resizes in the way you want it to."

"I really like the visualizations. I like how you can put large data sets in there, then the user can quickly go through the data and drill down at various levels to understand things."

More MicroStrategy pros

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

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

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

"It is easy to set up the solution."

"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."

"The scalability is good."

"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."

"The initial setup was very straightforward."

Cons

"It would be better if it is was easier to implement without extensive training for it."

"They should provide improved visual reporting."

"Cognos charts are not as fast as those of the other tools, even with DQM (dynamic query mode)."

"The high cost of a license makes it hard to scale up on a budget."

"I would like to see the introduction of mapbooks for supporting some geographical information."

"There are some problems with how Cognos handles huge data sets and when connecting with multiple sources and searching the data."

"Cognos is quite slow - it's missing the performance of the PowerPlay cubes."

"IBM Cognos's error messages seem to be a bit ambiguous. An error will be encountered and a message will be sent out very ambiguous and after investigating the error message it could be any number of issues. There was never a direct answer to the question or a direct answer to the error messages. Sometimes it would be a generic error message for 21 different solutions. It wasn't very specific, which required a lot of digging around and trial and error trying to fix the problem. The messaging in their error messaging is something needing improvement."

More IBM Cognos cons

"I would like to see the enterprise version available in a demo or as a trial version."

"Data preparation-wise, it was not so straightforward with respect to getting different sources. Preparing or transforming the data inside and then bringing it onto the dashboard was a bit difficult, and the experience could have been better."

"The problem is the way that their metrics are designed. It can be difficult to understand what you're actually looking at. Then when you're comparing a document against the VI, you can't actually do that properly. So there are components, and there is a huge learning curve in the Enterprise Manager space. I think it would benefit them greatly if they were to exercise a significant amount of research and development in that space."

"I want to be able to have one report that's delivered to 30 different people and all 30 different people see something different. Now, you can do that today with metrics. You cannot do that with attributes. There's a component of that which, if an attribute is on granularity-one and another is on granularity-two, and you remove granularity-one, you're now going to be summing to a level that you did not expect before."

"I would like to see more integration."

"There are some challenges in our organization on how we store the data."

"Consolidate the functional offering to be more concise in the front-end for web reports, dashboards, and self-service."

"I would like to see more Writeback capabilities that would allow our IT department not to be worried about the wild, Wild West of Writeback."

More MicroStrategy cons

"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."

"A customized visualization is lacking in this product."

"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 one area of the solution that I do hear needs improvement is on the visualization front."

"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."

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

"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."

Pricing and Cost Advice

"There is some additional licensing that we needed to purchase because we were touching data outside of our core data platform. The cost was approximately $25,000 for the additional licenses, which were approximate 45 licenses. For the application itself, updates, and the core platform it was approximately $50,000. Giving a total cost of $75,000 annually for our usage of IBM Cognos."

"It's more expensive than similar solutions like Tableau and Power BI."

"My company uses IBM Cognos with another IBM product, so I think only one license is used."

"It is my understanding that the cost is very low. It's not very expensive."

"On a scale from one to ten where one is low pricing and ten is high pricing, I would rate this solution at eight."

"It is quite pricy. I think Microsoft BI is cheaper. Tableau might also be cheaper, but it also depends on the usage. If you have very many users, Cognos can be a problem. It could be cheaper than Tableau but not for so many users. If you have a few thousand users, Tableau, which is generally quite expensive, can be cheaper than Cognos."

"The solution is affordable."

"It is pretty expensive."

More IBM Cognos pricing and cost advice

"The pricing for MicroStrategy is always on the higher side. They should seriously start thinking about their pricing and licensing strategy."

"We actually researched some of the other solutions. For options, price, and customer acceptance, this product has worked well for us."

"The solution is scalable. A little expensive perhaps, but it is scalable."

"MicroStrategy's licensing cost is higher than that of other tools in the market. My company uses the enterprise edition of the product."

"It is expensive. We would like to extend it to many users, but we are currently restricting that because the cost is a constraint. If we are given a chance, we would love to expand it."

"For larger businesses, the pricing is logical."

"The pricing list itself is not publicly accessible, so it's a bit opaque."

"Now, the price is high."

More MicroStrategy pricing and cost advice

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

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Comparison Review

it_user6330

Product Manager at a retailer with 10,001+ employees

May 2, 2013

MicroStrategy vs. Tableau

After a recent presentation, several attendees asked me about the applications of Visual Insights and Tableau. Many companies are investing in both tools and are trying to figure out the right tool for specific applications Tableau has found its sweet-spot as an agile discovery tool that analysts…

Read full review

Top Industries

By visitors reading reviews

Educational Organization

56%

Financial Services Firm

Computer Software Company

Government

Financial Services Firm

18%

Computer Software Company

10%

Retailer

Manufacturing Company

Financial Services Firm

24%

Computer Software Company

11%

Manufacturing Company

10%

Healthcare Company

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

Questions from the Community

Seeking lightweight open source BI software

It depends on the Data architecture and the complexity of your requirement. Some great tools in the market are Qlik ...

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What do you like most about IBM Cognos?

The solution's most valuable feature is its ease of use, which makes it easily compatible with other tools.

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What needs improvement with IBM Cognos?

I need improvements, particularly with the Framework Manager, which has an outdated user interface from older version...

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What do you like most about MicroStrategy?

The stability of the product is good.

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What is your experience regarding pricing and costs for MicroStrategy?

For larger businesses, I think the pricing is logical, but for smaller companies, it can be a bit costly.

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What needs improvement with MicroStrategy?

There is a need to improve the automatic generation of metrics in MicroStrategy, as currently everything must be done...

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What do you like most about ThoughtSpot?

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

See all answers

What is your experience regarding pricing and costs for ThoughtSpot?

I like the pricing structure. I get billed by how much data I put in, not how many people are looking at the data. It...

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What needs improvement with ThoughtSpot?

We'd like more flexibility with the calendar as our fiscal year does not align with the calendar year. We have to loa...

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Comparisons

Microsoft Power BI vs IBM Cognos

Compared 13% of the time

Tableau vs IBM Cognos

Compared 10% of the time

Oracle Hyperion vs IBM Cognos

Compared 10% of the time

Amazon QuickSight vs IBM Cognos

Compared 8% of the time

Oracle OBIEE vs IBM Cognos

Compared 3% of the time

More IBM Cognos Competitors

Tableau vs MicroStrategy

Compared 23% of the time

Microsoft Power BI vs MicroStrategy

Compared 20% of the time

SAP BusinessObjects Business Intelligence Platform vs MicroStrategy

Compared 7% of the time

Amazon QuickSight vs MicroStrategy

Compared 7% of the time

Databricks vs MicroStrategy

Compared 5% of the time

More MicroStrategy Competitors

Tableau vs ThoughtSpot

Compared 28% of the time

Microsoft Power BI vs ThoughtSpot

Compared 26% of the time

Looker vs ThoughtSpot

Compared 13% of the time

Databricks vs ThoughtSpot

Compared 8% of the time

Amazon QuickSight vs ThoughtSpot

Compared 8% of the time

More ThoughtSpot Competitors

Product Reports

Buyer's Guide

IBM Cognos

November 2024

Download IBM Cognos product report

Buyer's Guide

MicroStrategy

November 2024

Download MicroStrategy product report

Buyer's Guide

ThoughtSpot

October 2024

Download ThoughtSpot product report

Also Known As

Cognos, Cognos Analytics, IBM Cognos Analytics

No data available

Learn More

IBM

MicroStrategy

ThoughtSpot

Overview

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:

IBM Cognos Insight: Create personal and managed workspaces for data analysis. Using these interactive workspaces, you can share insight results with managers. Cognos Insight supports write-back, and you can also use these workspaces to capture and integrate management goals, commitments, and forecasts.
IBM Cognos Workspace: With IBM Cognos Workspace, you can create rich, interactive workspaces using IBM Cognos content as well as data from external sources. You can view and open your favorite workspaces and reports, edit content in your workspaces, and share your workspaces via email.
IBM Cognos Analytics: IBM Cognos Analytics utilizes built-in AI and intuitive searches which helps users to quickly create the visualizations and a wide range of reports. Cognos Analytics provides cognitive and managed self-service, enabling you to gain insights from controlled and trusted data.
IBM Cognos Report Studio and IBM Cognos Query Studio: Easily create structured and query reports. IBM Cognos allows users to create application and report templates. In addition, report authors can reuse report objects to apply filters, fields, and styles to reports. Users can set the language of the user interface and report content according to the user's native language.
IBM Cognos Event Studio: Receive notifications of events that occur within your organization in real time. Event Studio enables the creation of agents that detect the occurrence of business events, failures, or anomalies, based on the change of specific events or data conditions. Notification can be sent via email, publication in the portal, or by triggering reports.
IBM Cognos Connection: This is the Web portal for IBM Cognos BI and is the central area for accessing all the IBM Cognos functions. In the web portal, users can schedule and distribute reports, create tasks, administer the server and the access permissions, and more.

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.”

Company: Founded in 1989, MicroStrategy (Nasdaq: MSTR) is a leading worldwide provider of enterprise software platforms. With direct operations in 26 countries worldwide and approximately 2,000 employees, our mission is to provide enterprise analytics, mobility, and security platforms that are flexible, powerful, scalable and user-friendly. To learn more, visit MicroStrategy online, and follow us on Facebook and Twitter.

Product portfoilio:

MicroStrategy 10 Secure Enterprise™ empowers leading organizations to analyze vast amounts of data and distribute actionable business insight throughout an enterprise through two distinct offerings: MicroStrategy Analytics™ and MicroStrategy Desktop™. MicroStrategy Analytics delivers reports and dashboards, and enables users to conduct ad hoc analysis and share insights anywhere, anytime, via mobile devices or the Web. It also combines the agility and productivity of self-service visual data discovery with the security, scalability, and governance features of enterprise-grade business intelligence. MicroStrategy Desktop is a standalone, on-premise visual data discovery tool designed to enable business users to analyze and understand their data. MicroStrategy Mobile™ enables organizations to rapidly build custom business applications that deliver analytics combined with transactions, multimedia, and custom workflows to mobile devices. MicroStrategy Secure Cloud™ combines all of the enterprise analytics, mobile, and security features in MicroStrategy 10 Secure Enterprise with powerful and scalable data integration, validation, and warehousing services — all delivered in an environment where organizations can deploy transformational analytics applications in minutes.

Usher, MicroStrategy’s breakthrough security solution, is a powerful mobile security platform designed to dematerialize traditional forms of identity verification (such as passwords, tokens, and physical badges) and replace them with a single mobile identity badge that is cryptographically linked to its owner’s smartphone and dynamically linked to an enterprise’s existing identity repositories. Usher works on standard Android and iOS smartphones, and also boasts an Apple Watch™ integration.

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

More than 23,000 leading organizations across multiple industries use Cognos. Some examples of Cognos customers include BMW Financial Services, Quinte Health Care, Troy Corporation, Michigan State University, and GKN Land System.

Allstate Insurance, Barneys New York, Boston Children's Hospital, Buenos Aires Department of the Treasury, Campbell Soup Company, DHL, eBay, eHarmony, Facebook, Four Seasons Hotels Inc., Godiva, Hard Rock International, LinkedIn, Netflix, Pfizer, SECO (Swiss Government Unemployment Agency), Starbucks, Texas A&M University, Thomson Reuters Markets, US House of Representatives, and the US Postal Service.

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

Buyer's Guide

MicroStrategy vs. ThoughtSpot

October 2024

Free Report: MicroStrategy vs. ThoughtSpot

Find out what your peers are saying about MicroStrategy vs. ThoughtSpot and other solutions. Updated: October 2024.

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