Why Should You Use Cognos Analytics with Planning Analytics?

Business intelligence is defined as the technical and procedural infrastructure which gathers, analyses, and stores the data generated by any organizational activity.

BI includes a broad variety of activities like process analysis, descriptive analytics, performance benchmarking, and data mining. BI analysis all the data produced by a company and represents easy-to-read reports, performance measures, and trends which help to make informed decisions.

When choosing a BI reporting tool for your company, there are several factors at play. However, some of the main requirements that you should be careful about while selecting a BI tool include:

• Potential to deliver on a few specific use cases such as burst reporting, advanced analytics capabilities, types of visualizations, and paginated reporting.
  
  
• Ease of use and user adoption
  
  
• Integration with the company’s wider technology stack
  
  
• Pricing

Companies today are leveraging Planning Analytics as the Extended Planning & Analysis platform as a BI tool. This is because Planning Analytics can integrate with any other BI tool. However, there are main benefits of using Cognos Analytics in integration with Planning Analytics. Cognos Analytics cover major BI space in the market as a standalone product but forms a great partnership when combined with Planning Analytics.

What is IBM Cognos?

IBM Cognos BI is a web-based analysis and reporting tool. IBM Cognos is used to perform data aggregation and design user-friendly detailed reports. Reports comprise different tabs, multiple pages, graphs, and interactive prompts. You can see these reports on web browsers, and even on smartphones and tablets.

IBM Cognos offers a broad variety of features and is the most preferred enterprise software that offers a flexible reporting environment and is used for medium or large enterprises. It fulfills the requirement of Business Managers, Power Users, Company Executives, and Analysts. Business executives wish to see summarized data in dashboard formats, visualizations, and cross tabs. Power users and analysts wish to create ad-hoc reports and manage multiple views of the same data. Cognos enables both options for all sets of users.

What are the Benefits of Integrating Planning Analytics with Cognos Analytics?

• Security: You’ll get defined permissions and security for different users and the data they can access. Using Cognos Analytics to distribute data will apply the same security setting applied to Planning Analytics.
  
  
• Reliability: Working on a single application reduces inconsistencies and distractions. Integration offers increased accuracy, reliability, and consistency. This is because a lack of consistency between different business units and departments causes confusion and leads to conflicts between staff members.
  
  
• Flexibility: With Planning and Analytics, the user gets a better continuum of capabilities. Correlated data makes more sense in a single application. You can better interpret data and be able to see the context in a single application from multiple sources.
  
  
• Consistency: Using a standard architecture enables the company to seamlessly connect and pass data between applications. Data flows highly seamlessly between the companies with enforceable policies.
  
  
• User adoption: Planning Analytics has been a domain for Finance but offers additional benefits when integrated with Cognos Analytics. This includes HR, Marketing, Sales, Operations, and much more for fast, flexible planning and analysis. Bringing Planning and Analytics under the same roof breaks down silos of data and information across the organization.
  
  
• Development: Through Cognos Analytics, all calculations, KPIs, and rations are integrated hierarchies in the Planning Analytics flow.
  
  
• Advanced analytics: Both Cognos Analytics and Planning Analytics are within the IBM Data and Analytics Portfolio which offers solutions ranging from business intelligence to artificial intelligence. For instance, IBM enables users to ask questions in simple languages through Natural Language Processing (NLP). Also, ties into IBM’s predictive engine (SPSS) to see algorithmic forecasting.
  
  
• Data management and data governance: Managing and governing data has been simplified through the integration of Cognos Analytics with Planning Analytics. Data governance confirms the rules and policies wherein data management enforces those policies.

IBM Cognos Benefits

A significant benefit of IBM Cognos is that it helps you identify hidden insights. It enables analytics using AI and uses a highly customized analytics experience. The platform’s intuitive and intelligent self-service assists users to drive insights from data which leads to effective and impressive presentations. Cognos refers to a consolidated solution that can be deployed on-prem and in the cloud and ensure to meet any company’s needs and demands.

Cognos Analytics offers a unified experience across all modes of application, whether on a mobile device or a web-based interface. This enables companies to promptly find, generate, evaluate, and share insights. IBM Cogno’s intuitive and interactive web experience enables users to add a personal touch to content and enables them to make dashboards anytime, anywhere, be it on a mobile device or desktop.

Companies using consolidated IBM Planning and Cognos Analytics can get prompt outcomes. This is due to its guided self-service strategy which not only predicts user intent but also provides suggestions and automates the analytics process. IBM Cognos also allows work across ecosystems, companies, and teams. This not only increases value but also offers the security, governance, scalability, and performance required by any company today.

Moreover, planning analytics and its powerful engine possess the power to process large volumes of data and offer links to several cubes. Hence, offers real-time decision-making. Users can edit and capture data and have the outcomes consolidated in real-time. This means that based on the outcomes of the data, you can make decisions faster.

Conclusion

With IBM Planning and Cognos Analytics, you get a broad range of reporting options along with self-service options for all skill levels across the organization. If your organization is already using Planning and Cognos Analytics, ensure your company is using its full reporting potential.

WRITTEN BY

Anjali Goyal

Anjali Goyal is a content writer at TechEela. She helps businesses increase their online presence with optimized and engaging content. Her service includes blog writing, technical writing, and digital marketing.

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