MicroStrategy vs Workday Prism Analytics comparison

MicroStrategy and Workday are both solutions in the BI (Business Intelligence) Tools category. MicroStrategy is ranked #8 with an average rating of 7.5, while Workday is ranked #14 with an average rating of 8.6. MicroStrategy holds a 3.5% mindshare in BIT, compared to Workday’s 1.5% mindshare. Additionally, 92% of MicroStrategy users are willing to recommend the solution, compared to 100% of Workday users who would recommend it.

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Executive Summary

We performed a comparison between MicroStrategy and Workday Prism Analytics 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. Workday Prism Analytics Report (Updated: October 2024).

Buyer's Guide

MicroStrategy vs. Workday Prism Analytics

October 2024

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Categories and Ranking

IBM Cognos

Mindshare comparison

As of November 2024, in the BI (Business Intelligence) Tools category, the mindshare of IBM Cognos is 3.8%, down from 4.4% compared to the previous year. The mindshare of MicroStrategy is 3.5%, down from 3.6% compared to the previous year. The mindshare of Workday Prism Analytics is 1.5%, up from 1.2% compared to the previous year. It is calculated based on PeerSpot user engagement data.

BI (Business Intelligence) Tools

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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Sarvesh Kumar Jha

Senior Technology Consultant at PricewaterhouseCoopers

Provides great flexibility in terms of data transformation

I really like the flexibility the solution provides in terms of data transformation. Workday introduced Prism Analytics mainly because many clients wanted to merge data from different systems and then work with it to get some insights out of it. For that, they previously used tools like Power BI. Workday Prism Analytics gives you the power to do all the data transformations within Workday itself without taking out crucial data to a third system. I really like the way Workday has enabled Prism Analytics to be that one solution where you can bring everything. It also provides you the flexibility that things like the security model of Workday are still in place. You don't have to redo your security configuration if you do the data transformation outside Workday.

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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

"Dashboarding, reporting, and ad hoc reporting are the valuable features of IBM Cognos."

"Mapbox integration for geospatial analytics down to longitude/latitude layers."

"We are able to generate quality reports easily which allows us to decrease response time."

"IBM Cognos improves the effectiveness of the sales team."

"A positive feature is Report Studio, where we create beautiful, complex reports."

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

"This solution allows you to input a wide range of file formats."

"One of the strong suits of Cognos is its robust corporate reporting capability."

More IBM Cognos pros

"The architecture is very solid."

"The platform can be easily monitored. You have quite a good overview of tasks which are being run."

"Dependency on development teams, as well as managing the platform, has reduced a lot with Visual Insight."

"It is easy to use and visually very appealing. One thing that sets it apart is that it has got a great ETL tool. As compared to some of the other solutions, it is much easier to process data from other applications in MicroStrategy. That's why we prefer using it."

"The data governance leads people to trust the data that they have, and they know where to get it."

"I find MicroStrategy the most suited to the enterprise-wide BI platform, because of its scalability and stability."

"The mobile for MicroStrategy is the best of all the BI platforms. As a separate product for the mobile device, MicroStrategy is the entire BI platform. It is an enterprise solution, a separate unit, etc."

"I think we have a huge enterprise-wide push to Visual Insight. Our environment has transformed over the last year. We were a strong "grid to PDF," "document to PDF," that's all we did. And then they came in with these Visual Insights and everyone was like, "Wow, that's kind of cool." We created a static reporting portal behind it and now, it's just taken our reports to another level. The level of insight that you get in a 30-second glimpse, it just revolutionized it for us. It gives the user a larger subset of the data so that they can actually maneuver around, rather than being specifically pointed at whatever your document is designed for."

More MicroStrategy pros

"Feature-wise, I feel that the solution's stability is good."

"I really like the flexibility the solution provides in terms of data transformation."

"The customer service and support are pretty good."

"The solution is stable and reliable, with minimal issues affecting its performance."

"The product is easier to use compared to other applications."

Cons

"Tableau and Power BI are faster than Cognos."

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

"There are some small features that are missing. It would be nice if the graphics were better. You can use external sources for charts, but it's quite complex to use and not easy to implement. If you want a new chart, you can download it from multiple tools and implement it into IBM Cognos."

"The visualization aspect needs to be improved and I believe, this is being resolved in upcoming versions."

"Data modeling needs to be improved. We use the ETL process, and when we get errors, we then need to identify which structural change is required. The error messaging should be better. They should be descriptive rather than semantic."

"There are a lot of limitations with the out-of-the-box tool."

"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."

"I would like for the platform to become more standard. If we make a development on our report and our dashboard, it will not be used in another solution. That means there is no portability for the developers."

More IBM Cognos cons

"We would like access to more storage and access to more metadata to build the right programs that can construct all the stuff for us instead of us having to type it in all the time."

"The solution's reports are not very flexible."

"You can now do data blending at the document level and data blending allows you to show results from different data sets in one grid, so to speak. I want to be able to create a data set that can receive data from multiple cubes, have it in one data set, and then bring it to the document, because then I can reuse it for other documents. Now, I have to do it in a document and then it's less reusable, because if I want to share that functionality, I have to copy the document, strip a lot of things, and then work on that basic element that I've built in that document."

"It is performing well, but sometimes we have complex requirements and the performance decreases, and then we have to find another way to make it perform again. That is what you encounter when use the project, but that's inevitable because if we would have used another product, we would've had the same thing."

"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 know we are not competing against Tableau, but MicroStrategy needs to step up its game on the GUI side."

"We did have issues with stability, and that was because we were co-located with another business unit, and we outgrew them on the unit. So we had to get to a separate physical instance."

"They should give proper industry-based tutorials so that one can learn it easily and implement it based on the requirements. They should give more MMP files so that we can import a whole project altogether and learn from that project."

More MicroStrategy cons

"When you create certain objects, a lot of the time, the fields are text. They’re not numeric, date, or any other field type"

"There is not much flexibility in how we can add external data within Workday Prisma Analytics."

"It is not a very scalable product."

"The visualization techniques must be upgraded."

"One area for improvement in the solution is the ability to manually update individual rows or columns of data once it has been uploaded."

Pricing and Cost Advice

"Pricing should be improved."

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

"The cost of IBM Cognos it's more or less the same as most of the other solutions on the market. They're very competitive with the rest of the market and it is not the most expensive product."

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

"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."

"It is pretty expensive."

"There is a standard license required to use this solution. There are some additional tools but I am not sure if they are an extra cost."

"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."

More IBM Cognos pricing and cost advice

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

"It would be nice if there was a sticker price that says, "This software costs this amount of money." But I think that's just indicative of all software vendors. A lot of people are in it to make money, commissions, so it's just the nature of the business. But I would like to see more transparency, more equality, on pricing. Some people get better deals than others, I think."

"Pricing, in general, is high. With Power BI, you get mobile with the license, whereas with MicroStrategy, you have to purchase mobile for extra."

"They can improve its licensing. It is a bit expensive as compared to Microsoft and other tools."

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

"They made a change in the licensing module some time ago and we can now use all the enterprise tools for free."

"The licensing is a bit high per user."

"We have a license with packages, and there are additional costs for extra components."

More MicroStrategy pricing and cost advice

"The solution is very expensive."

"I do not know of the licensing cost, but there are additional costs like 5,00,000 for recruitment modules."

"Based on whatever I have heard, Workday Prism Analytics is considered an expensive tool."

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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

Computer Software Company

Financial Services Firm

Insurance Company

Healthcare Company

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

No data available

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 Workday Prism Analytics?

Feature-wise, I feel that the solution's stability is good.

See all answers

What is your experience regarding pricing and costs for Workday Prism Analytics?

Based on whatever I have heard, Workday Prism Analytics is considered an expensive tool. In fact, that has been one o...

See all answers

What needs improvement with Workday Prism Analytics?

I think there are still some gaps in the solution. There is not much flexibility in how we can add external data with...

See all answers

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

TIBCO Spotfire vs MicroStrategy

Compared 1% of the time

More MicroStrategy Competitors

Microsoft Power BI vs Workday Prism Analytics

Compared 47% of the time

Tableau vs Workday Prism Analytics

Compared 24% of the time

Databricks vs Workday Prism Analytics

Compared 10% of the time

Alteryx vs Workday Prism Analytics

Compared 4% of the time

Oracle Essbase vs Workday Prism Analytics

Compared 3% of the time

More Workday Prism Analytics 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

BI (Business Intelligence) Tools

November 2024

Download Workday Prism Analytics product report

Also Known As

Cognos, Cognos Analytics, IBM Cognos Analytics

No data available

Prism Analytics

Learn More

IBM

MicroStrategy

Workday

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.

With Workday Prism Analytics, you can bring data in at scale from any source and prepare, analyze, and securely share it with your organization. The result? You gain all the insights you need to drive better business outcomes.

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.

Denny's

Buyer's Guide

MicroStrategy vs. Workday Prism Analytics

October 2024

Free Report: MicroStrategy vs. Workday Prism Analytics

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

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