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Is it a Good Decision to Migrate From IBM Cognos Planning To Cognos TM1? |
Most people using IBM solutions are in dilemma, whether it is a good
decision of migrating from IBM Cognos Planning to IBM Cognos TM1 and how the
features of TM1 are going to help them. Well, let me confess, for those who are
working on Cognos Planning, moving to TM1 will be like going from having a
pot-luck dinner to a catered connoisseur dinner.
At first glimpse, everyone will estimate that Cognos Planning and Cognos TM1
have same features and both have the advantages of multicube architecture and
support complex, cross-cube calculations. Let’s have a look at...
What is TM1 System ?
IBM Cognos TM1 is a business devising software used to implement collective
planning, budgeting and estimating solutions, as well as analytical and
reporting applications.
What is a TM1 Consultant?
IBM Cognos TM1 Consulting. IBM Cognos TM1 is a business devising software
platform that can alter your complete planning cycle, from target setting and
budgeting to reporting, scorecarding, analysis and estimating. Cognos TM1
enables you to collaborate on plans, finances and forecasts.
The primary discriminating factor of IBM Cognos TM1 can be seen in its
enhanced calculation engine and its techniques of storing data.
When user enters data in greater planning applications, read/write method is
implemented to make the changes in a database saved on a hard disk. In adverse,
calculations and data storage of IBM Cognos TM1 are done on Memory/RAM which
allows entered data to reflect immediately on the updates within the cube and
retrieved. Thus, data is accessible real-time and enhances the performance of
queries.
The second discriminating factor of IBM Cognos TM1 is Scalability.
IBM Cognos TM1 has the capability of holding various dimensions and in turn
these dimensions has the capability of holding various elements. IBM Cognos TM1
has come with built-in features in order to build or update dimensions and for
loading data. This built-in tool (Turbo Integrator) perhaps used to collect data
from various sources, includes relational databases which are used by all modern
ERP systems, Excel, spreadsheets and text files. This dynamic tool allows large
volumes of data to be loaded and calculated within minutes in TM1 application.
The third factor is Cube sizes of IBM Cognos TM1.
IBM Cognos TM1 can handle huge cubes apart from size. For example, if you are
having planning models at present where you had created different applications
and use Admin Links in order to bring your data together where the models were
vast for planning. This can be done handled efficiently by Cognos TM1 compared
to Cognos planning. br />
CCognos TM1 Capabilities Over Cognos Planning are:
- Powerful Planning and analysis
- Integrated scorecards and strategy management.
- Flexible Modelling
- Engagement with many users
- Cloud-based deployment option
- Control and management by Finance and line-of-business users, with adherence
to IT standards
- Integrates with powerful business intelligence
The main difference between Cognos Planning and Cognos TM1 is,
Cognos TM1 is a (OLAP) multidimensional database which can be examined from
Excel and the web over “TM1 Web”, “TM1 Executive Viewer” and “Cognos planning”.
With this database, you will be able to develop any kind of OLAP application.br />
Related Post:
https://stackoverflow.com/questions/12334877/differences-between-cognos-tm1-and-cognos-10-bi
Cognos Planning is a web based reporting application where the users need to
depend on licences in order to run reports, or schedule reports or to create ad
hoc analysis against multidimensional databases to give relevant information to
the users.
RRelated Article:
https://mindmajix.com/cognos/active-reports-and-scheduling-reports
Cognos TM1 Features
# Performancebr />
# Security
# Contribution Interface
# Personalization
# Excel Formatting on the Web
# Administrative tools
# Global support
# Link to external applications
## Connectors
Bottomline
Inshort, My intention was to make you enthusiastic about migrating from Cognos
planning to TM1 because TM1 rapidly analyse data and model business essentials
of entire company in order to use the outcomes for the budget and forecast with
assurance of better business results. /p>
TAGS:
IBM Cognos Planning,
IBM Cognos TM1,
Migrating from IBM Cognos Planning To Cognos TM1,
,
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