Alteryx vs IBM Planning Analytics comparison

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Alteryx Logo
2,327 views|1,307 comparisons
88% willing to recommend
IBM Logo
2,241 views|1,327 comparisons
94% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between Alteryx and IBM Planning Analytics based on real PeerSpot user reviews.

Find out what your peers are saying about Alteryx, RapidMiner, SAP and others in Predictive Analytics.
To learn more, read our detailed Predictive Analytics Report (Updated: May 2024).
771,170 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"Alteryx helps me do a lot of automation. The best thing about Alteryx is that you don't have to repeat the workflow over and over again. Unlike Excel, where you need to write formulas for each new file, Alteryx follows a consistent process. You can schedule and automate the workflow, even if the files change.""The analytics are easy​.""One-stop shop for data preparation, blending, prediction, and optimization in a single workflow.""It is one of the most complete and great customer service that I experienced with a software company/ecosystem.""Alteryx has a good UI. We use it frequently in our projects. The tool comes with drag-and-drop features and is easy to understand for business needs. One situation where Alteryx's advanced analytics capabilities were particularly beneficial for us was during a forecasting project. Unlike Python, which requires coding, Alteryx simplifies the process significantly. With Alteryx, users can adjust parameters within the user interface without writing any code.""The most valuable feature of Alteryx is the intelligence suite.""There are a lot of good customization capabilities.""It allows for manipulation and automation, which has greatly reduced the amount of time required per project."

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"The product's stability is good.""The tool is flexible.""It's a very stable, robust product.""The most valuable features of IBM Planning Analytics for streamlining planning processes include a unified database where all data are centralized.""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.""IBM Planning Analytics is easy to use and deploy. It is quick to develop. The calculation machine is also very fast.""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.""Planning Analytics' best features include automatic updates and slicing."

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Cons
"If there is any way to make the learning curve less steep, that would be ideal.""There are a few imputation techniques which they really need to include.""There is currently no cloud solution and this would be valuable for many clients.""All of the reports are migrated or exported in an Excel file, and most of the time, a business intelligence tool is required. They could have better reporting. The aesthetic could be improved.""There are a few hiccups with specific data sets and languages or formats that the data comes in. That may be a minor problem, but we can work through it. We had some issues looking at XML format in added data, but it wasn't significant.""Deep learning models are not currently supported.""The technical support could have a little bit of improvement.""It would be great to create the final users' visualization within Alteryx."

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"The tool's transport layer could be improved when promoting development between environments.""Extracting data is a little slow.""It's highly competitive right now, and all the vendors are in a race to put out new versions with additional features. IBM comes out with new versions too often, and it has an impact on quality.""It is a bit expensive, but it does the job.""It's wonky, and not super user-friendly with Excel.""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.""The tool should include features for prediction. It can also improve the scalability.""Planning Analytics could be improved by adding automation features."

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Pricing and Cost Advice
  • "A designer and scheduler for $13K/year in total is pretty much earning you the money back in time and in other resources."
  • "​Very transparent.​"
  • "The seat is too expensive."
  • "It can be a bit pricey, especially after the first year."
  • "The pricing is $5000 per year per production license."
  • "We have a yearly cost that we pay for the licensing. We do not pay any costs in addition to the licensing fees."
  • "There are some implementation services and internal effort costs at the beginning but there is nothing else."
  • "The price for Alteryx Designer is reasonable but the price for Alteryx Server for universal collaborations is too expensive."
  • More Alteryx Pricing and Cost Advice →

  • "Our licensing cost is approximately $50,000.00 per year."
  • "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 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."
  • "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."
  • "Compared with the other tools in the market, IBM Planning Analytics is a bit expensive."
  • More IBM Planning Analytics Pricing and Cost Advice →

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    Questions from the Community
    Top Answer: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.
    Top Answer: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… more »
    Top Answer: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. -… more »
    Top Answer:The most valuable features of IBM Planning Analytics for streamlining planning processes include a unified database where all data are centralized.
    Top Answer:The cost of IBM Planning Analytics is not cheap, considering the amount of money involved. However, it offers good ROI for customers.
    Top Answer:To improve IBM Planning Analytics, adding predefined templates could be beneficial. These templates could cover various business areas like volume planning, service levels, and more. Specific… more »
    Ranking
    1st
    Views
    2,327
    Comparisons
    1,307
    Reviews
    29
    Average Words per Review
    513
    Rating
    8.2
    Views
    2,241
    Comparisons
    1,327
    Reviews
    5
    Average Words per Review
    325
    Rating
    9.2
    Comparisons
    Also Known As
    Cognos TM1, IBM Cognos TM1
    Learn More
    Overview

    Alteryx can be used to speed up or automate your business processes and enables geospatial and predictive solutions. Its platform helps organizations answer business questions quickly and efficiently, and can be used as a major building block in a digital transformation or automation initiative. With Alteryx, you can build processes in a more efficient, repeatable, and less error-prone way. Unlike other tools, Alteryx is easy to use without an IT background. The platform is very robust and can be used in virtually any industry or functional area.

    With Alteryx You Can:

    • Prep, blend, and analyze data
    • Deliver faster, better business outcomes
    • Automate analytics and data science
    • Embed intelligent decisioning
    • Deploy and share analytics in hours

    Alteryx Features Include:

    Some of the most valuable Alteryx features include:

    Scalability, stability, flexibility, fast performance, no-code analytics, data processing, business logic wrapping, scheduling, ease of use, data blending from different platforms, geo-referencing, good customization capabilities, drag and drop functionality, intuitive user interface, connectors, machine learning, macros, simple GUI, integration with Python, good data transformation, good documentation, multiple database merging, and easy deployment.

    Alteryx Can Be Used For:

    • Combining and manipulating data within spreadsheets: Alteryx can be used in situations where complex data manipulation occurs. It can handle large data quickly, and the process is much simpler to see and understand.

    • Database access and supplementing SQL development: Alteryx has several sets of database connectors and functions, including many functions that your average database does not. Alteryx can work with data from multiple databases or areas within a database. It allows users to filter, sort, calculate, etc. as they would commonly do in SQL or an ETL tool.
    • API, cloud, and hybrid access: Alteryx can read and write data in databases, files, REST APIs, and a myriad of other locations (with the correct permissions). When a workflow is published, you can also call a workflow through a REST API to start it.

    • Data science: Alteryx provides pre-built models that are extremely useful for data scientists who may have limited programming skills and also gives you the ability to add R or Python code directly within a workflow.

    • Geospatial analysis: Alteryx gives users drag-and-drop tools to geocode, plot, and map locations, customers, competitors, or anything that has a location (employee, truck, pipeline, etc.).

    • Reports and dashboards: Alteryx provides built-in tools that enable the building of reports and dashboards.

    Alteryx Benefits

    Some of the benefits of using Alteryx include
    :

    • Saves time: Alteryx helps shorten the time required to start analyzing data and looking for insights, minimizing the tasks that do not add value to the business and maximizing the analysis phase.

    • Clear tool configurations: Alteryx provides simple and concise tool configurations that are quick and easy to set.

    • Excellent workflow compatibility.

    • Reduced development time: Alteryx has an extensive gallery of user-developed analytic applications that helps to reduce development time.

    • Fast data loading: Alteryx has tools that make it very effective when working with big data sets.

    • No-code, low-code analytic building blocks: You can prep, blend, and analyze data to enable highly configurable and repeatable workflows.

    • Machine learning: Alteryx allows you to quickly create properly trained algorithms that are ready to deploy.

    Reviews from Real Users

    "Automation is the most valuable aspect for us. The ability to wrap business logic around the data is very helpful." - Theresa M., Senior Capacity Planner at a financial services firm

    "Alteryx has made us more agile and increased the speed and effectiveness of decision making." - Richard F., Director, Digital Experience & Media at Qdoba Restaurant Corporation

    "The scheduling feature for the automation is excellent." - Data Analytics Engineer at a tech services company

    "The product is very stable and super fast, five-star. It's significantly more stable than its nearest competitor." - Director at a non-tech company

    “A complete solution with very good user experience and a nice user interface.” - Solutions Consultant at a tech services company

    "There are a lot of good customization capabilities." - Advance Analytics PO at a pharma/biotech company





    IBM Planning Analytics is an integrated planning solution that uses AI to automate planning, budgeting, and forecasting and drive more intelligent workflows.

    Built on TM1, IBM’s powerful calculation engine, this enterprise performance management tool allows you to transcend the limits of manual planning and become the Analytics Hero your business needs. Quickly and easily drive faster, more accurate plans for FP&A, sales, supply chain and beyond.

    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
    Top Industries
    REVIEWERS
    Computer Software Company15%
    Manufacturing Company11%
    Financial Services Firm11%
    Energy/Utilities Company9%
    VISITORS READING REVIEWS
    Financial Services Firm22%
    Manufacturing Company10%
    Computer Software Company9%
    Retailer6%
    REVIEWERS
    Computer Software Company25%
    Non Tech Company13%
    Real Estate/Law Firm13%
    Leisure / Travel Company13%
    VISITORS READING REVIEWS
    Educational Organization43%
    Financial Services Firm11%
    Computer Software Company7%
    Manufacturing Company5%
    Company Size
    REVIEWERS
    Small Business33%
    Midsize Enterprise15%
    Large Enterprise52%
    VISITORS READING REVIEWS
    Small Business16%
    Midsize Enterprise10%
    Large Enterprise74%
    REVIEWERS
    Small Business58%
    Midsize Enterprise17%
    Large Enterprise25%
    VISITORS READING REVIEWS
    Small Business11%
    Midsize Enterprise47%
    Large Enterprise42%
    Buyer's Guide
    Predictive Analytics
    May 2024
    Find out what your peers are saying about Alteryx, RapidMiner, SAP and others in Predictive Analytics. Updated: May 2024.
    771,170 professionals have used our research since 2012.

    Alteryx is ranked 1st in Predictive Analytics with 74 reviews while IBM Planning Analytics is ranked 5th in Business Performance Management with 22 reviews. Alteryx is rated 8.4, while IBM Planning Analytics is rated 8.6. The top reviewer of Alteryx writes "Feature-rich ETL that condenses a number of functions into one tool". On the other hand, the top reviewer of IBM Planning Analytics writes "Can easily create dashboards and helps businesses improve forecasting accuracy". Alteryx is most compared with KNIME, Databricks, Dataiku, RapidMiner and Microsoft Power BI, whereas IBM Planning Analytics is most compared with SAP Analytics Cloud, Microsoft Power BI, Anaplan, Jedox and Board.

    We monitor all Predictive Analytics reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.