Planning Analytics – the new face (and name) of Cognos TM1. 

Self-service, multidimensional technology and cloud analytics combine to push Planning Analytics to the forefront of an increasingly competitive field. And by integrating predictive data exploration, it takes a leap into the future of analysis.

With guided data exploration, predictive analytics and automated visualizations, IBM Watson Analytics helps you formulate and evaluate plans

IBM’s analytics offerings are evolving. Last month saw the launch of Cognos Analytics – the latest version of Cognos BI – amid much fanfare at IBM’s Insight 2015 extravaganza in Las Vegas. Planning Analytics, on the other hand, entered the world last week with a lot less glitz and glamour, but its changes are of no less significance.

The new release aims to usurp the capabilities of a growing number of competitors and goes beyond simply automating your planning, budgeting and forecasting processes. Finding a balance between governance and self service, it provides a workspace that empowers business users to seek better results. And, like the new BI solution, Planning Analytics draws inspiration from Watson Analytics, allowing you to gain insights automatically from your data.

But the changes encompass a lot more than a shiny new front end.

Planning Analytics will initially be cloud only. The on-premis solution isn’t expected until the later half of 2016.

IBM Planning Analytics provides an interactive, customizable workspace

Planning Analytics builds on TM1’s complementary relationship with Excel, with new CAFE capabilities introduced, allowing you to quickly and easily slice and dice data. Like Cognos TM1, Planning Analytics ‘plays nicely’ with Excel, while beating others hands-down for complex, cross dimensional analysis.

IBM Planning Analytics allows users to retain the familiar Excel interface

  • Flexible modeling and reporting helps you link operational tactics with financial plans, synthesize information, infer trends, and deliver insights to improve decision quality.
  • Self-service analytics uncovers new insights into opportunities and risks automatically from data.
  • Retain full Microsoft Excel functionality, where needed, while accessing all the capabilities of a modern planning and analytics solution.
  • Built on a mature multidimensional technology, Planning Analytics enables dimensional analysis and calculations for the most demanding profitability analysis, scenario planning, and what-if analysis.
  • You get low cost of entry and a lower total cost of ownership compared to any on premises solution.
  • Reduced IT expense lets you deploy enterprise planning, analysis, and forecasting processes compared to any on premises solution.
  • Upgrades to the newest releases are managed and executed by IBM.
  • Development environment, at no additional cost, allows you to test the application, new models, calculations, and user rights before deploying to actual users.

For a demonstration of the latest capabilities, contact the Barrachd team. Or why not register for our next, free TM1 User Group, where IBM will also be on hand to show you a whole lot more about Planning Analytics.

Update: IBM Planning Analytics Local 2.0 brings its enhanced user experience on-premise. But what does Planning Analytics offer the TM1 user?

Watch our Planning Analytics webinar again – From PAx to an all-new Workspace, revisit our Planning Analytics Webinar to find out everything you need to know about the Planning Analytics, and what it can do for you.

For the Password to view all our Webinars, email events@barrachd.com. We’ll send you the code right away.

Download the full Planning Analytics Data Sheet.

Find out what’s new in IBM Cognos Analytics (11.0.3)

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Posted in Cognos, Planning Analytics, TM1 On December 21, 2015 By