TIBCO Spotfire vs ThoughtSpot comparison

ThoughtSpot and TIBCO are both solutions in the BI (Business Intelligence) Tools category. ThoughtSpot is ranked #17 with an average rating of 7.5, while TIBCO is ranked #16 with an average rating of 8.4. Additionally, 87% of ThoughtSpot users are willing to recommend the solution, compared to 96% of TIBCO users who would recommend it.

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Executive Summary

We performed a comparison between ThoughtSpot and TIBCO Spotfire 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 TIBCO Spotfire vs. ThoughtSpot Report (Updated: October 2024).

Buyer's Guide

TIBCO Spotfire 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

Jul 27, 2022

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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Anthony Fiorino

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

Nov 14, 2022

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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Fuad Mammadli

Deputy Chief Financial Officer at Unibank

Nov 8, 2023

A scalable tool to create dashboards for financial reporting

I use TIBCO Spotfire in my company for finance-related purposes. Basically, we use TIBCO Spotfire to create dashboards for financial reporting, and with the dashboard, we manage data mining and similar kinds of activities in our company The way TIBCO Spotfire is designed, in my opinion, is the…

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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

"If they want dashboarding, storytelling, and analyzing why KPIs are met or not, then Cognos is a better candidate than Qlik Sense."

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

"We use the account statement report. When you use an account in HSBC, you receive various types of accounts, such as the stock market, fixed accounts, credit cards, and business accounts. We can create one consolidated report called CCS support, which includes all these accounts. In that statement, we are consolidating all those accounts."

"The initial setup is quite straightforward."

"When it comes to decision-making, the product is very useful and used in many departments since a lot of people prefer the reports to be generated by IBM Cognos."

"I have worked on the features like dashboards and stories, and I do like them a lot."

"Integration with Office can enable the 'download' mode of storytelling."

"The Report Studio that is aimed at professional report writers."

More IBM Cognos pros

"It is easy to set up the solution."

"The scalability is good."

"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."

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

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

"The initial setup was very straightforward."

"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."

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

"The two features that I have found most valuable are its ability to customize the dashboards when it comes to the evaluation. The second feature is its ability to handle a large amount of data, which is also something very unique about it."

"The ability to create a real-time data mark, using just one piece of software, is the best feature of this product."

"The product's initial setup phase was simple."

"It allows users to quickly analyze data from a variety of sources and visualize it with powerful, interactive graphs, and charts."

"We particularly like the data angling feature of this solution. This gives us the ability to work on data transformations, join files, and carry out other data preparation tasks all in a single tool."

"Live Query data on demand, R and Python integration, and the ability to write HTML and JavaScript text areas are all valuable features."

"Data discovery is very simple."

"It’s stable and straightforward."

More TIBCO Spotfire pros

Cons

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

"Chart quality: many other competitors have charts and graphics that look much better and that provide dynamic effects. Cognos doesn't."

"In terms of what could be improved, I would say, monitoring, monitoring, monitoring. Some improvements in monitoring would be helpful. I'd like to see more monitoring of specific reports and fields. The way the auditing is now is very limited, so I'd like to see more of that - of the monitoring."

"They should provide improved visual reporting."

"It could have more options for themes."

"It would be good if the solution had conditional formatting."

"The solution's support could be better."

"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

"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."

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

"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."

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

"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 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."

"A customized visualization is lacking in this product."

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

"We would like an easier way to get the product to the cloud. Right now, we have the on-premise version, and we would like to find a way to make it easier to migrate it over to the cloud."

"Print capability and trigger-based events."

"Personalising Spotfire, as a whole, is painful and is something that could be made easier."

"The initial setup is complicated and needs experience and knowledge."

"When you do the data loading, it is slow."

"The number of charts available out of the box in Spotfire can be enhanced."

"The design of the UI could be improved."

"Compared to competitors, the UI is quite dated."

More TIBCO Spotfire cons

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."

"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."

"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."

"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."

"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 averagely priced."

"IBM Cognos is priced reasonable. However, it is more expensive than Power BI and Tableau."

"The solution is affordable."

More IBM Cognos pricing and cost advice

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

"The pricing seems competitive and reasonable. The value delivered by the product far exceeds the cost."

"The ROI is nearly impossible to calculate."

"The cost is a few hundred dollars per user per year."

"The Tibco sales teams have been very difficult to work with - ignoring requests, misrepresenting level of demand, etc."

"The solution is affordable one."

"The price-point for this solution is negotiable depending on usage levels."

"This product carries a monthly licensing charge, with the amount depending on the features that are to be included. This costs also covers the use of technical support."

"I would describe TIBCO Spotfire as an averagely-priced product."

More TIBCO Spotfire pricing and cost advice

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Top Industries

By visitors reading reviews

Educational Organization

57%

Financial Services Firm

Computer Software Company

Government

Financial Services Firm

24%

Computer Software Company

11%

Manufacturing Company

10%

Healthcare Company

Manufacturing Company

18%

Financial Services Firm

12%

Energy/Utilities Company

11%

Computer Software Company

11%

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 ThoughtSpot?

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

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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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What do you like most about TIBCO Spotfire?

TIBCO Spotfire is easy to use. We initiated Spotfire as POC, with support from a tech team based in South Africa. Whi...

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What is your experience regarding pricing and costs for TIBCO Spotfire?

Spotfire is a bit costly in terms of money, but it is value for money if you are installing it and working with it. C...

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What needs improvement with TIBCO Spotfire?

The hierarchies or the maps to some extent may need some modifications. The layered features within Spotfire can make...

See all answers

Comparisons

Microsoft Power BI vs IBM Cognos

Compared 13% of the time

Oracle Hyperion vs IBM Cognos

Compared 10% of the time

Tableau vs IBM Cognos

Compared 10% of the time

Amazon QuickSight vs IBM Cognos

Compared 8% of the time

SAP BusinessObjects Business Intelligence Platform vs IBM Cognos

Compared 6% of the time

More IBM Cognos Competitors

Tableau vs ThoughtSpot

Compared 29% of the time

Microsoft Power BI vs ThoughtSpot

Compared 27% of the time

Looker vs ThoughtSpot

Compared 13% of the time

Amazon QuickSight vs ThoughtSpot

Compared 8% of the time

AtScale Adaptive Analytics (A3) vs ThoughtSpot

Compared 3% of the time

More ThoughtSpot Competitors

Tableau vs TIBCO Spotfire

Compared 19% of the time

Microsoft Power BI vs TIBCO Spotfire

Compared 12% of the time

TIBCO Jaspersoft vs TIBCO Spotfire

Compared 9% of the time

Databricks vs TIBCO Spotfire

Compared 9% of the time

TIBCO BusinessWorks vs TIBCO Spotfire

Compared 5% of the time

More TIBCO Spotfire Competitors

Product Reports

Buyer's Guide

IBM Cognos

October 2024

Download IBM Cognos product report

Buyer's Guide

ThoughtSpot

October 2024

Download ThoughtSpot product report

Buyer's Guide

TIBCO Spotfire

October 2024

Download TIBCO Spotfire product report

Also Known As

Cognos, Cognos Analytics, IBM Cognos Analytics

No data available

Spotfire

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IBM

ThoughtSpot

TIBCO

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.”

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.

TIBCO Spotfire is a versatile data analytics platform that can handle large datasets and be deployed on-premise or in the cloud. Its dynamic reporting, easy creation of dynamic dashboards, and highly customizable tool make it a valuable asset for process data analysis, industrial performance dashboards, problem root cause analysis, business intelligence, and real-time analytics for IoT devices in the energy sector.

The solution also offers data science functions, map visuals, R and Python integration, and the ability to write HTML and JavaScript text areas. Spotfire has helped organizations deliver projects more efficiently and cost-effectively, allowing for faster data analysis.

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.

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

Allergan, ASSS de Montreal, Avantium, Blue River, Bank of Montreal, Citibank, FrieslandCampina, Hellmann Logistics, Merck, Novartis

Buyer's Guide

TIBCO Spotfire vs. ThoughtSpot

October 2024

Free Report: TIBCO Spotfire vs. ThoughtSpot

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

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