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IBM Cognos TM1

IBM Cognos TM1 provides a real-time approach to consolidating, viewing, and reporting on large volumes of multidimensional data through an Excel or Web interface.

Using a patented, 64-bit, in-memory OLAP server, IBM Cognos TM1 has a proven track record of supporting financial performance management and business analytics.

With the release of 9.5 IBM has brought in a version of the managed Contribution interface from Planning to give TM1 applications a more structured and controlled data entry capability for those users wanting to move away from Excel as a front end.

The TM1 10 release sees the next step in delivering a world beating single solution for planning and analysis with the introduction of a graphical model building interface.

  IBM Cognos TM1 offers:

Ease of use, thanks to a development environment that enables users to create sophisticated applications with no need for programming or traditional IT skills.

A patented in-memory calculation engine that provides compact data storage and exceptionally fast performance

Model design and data access that presents business information in familiar formats

An intuitive, flexible approach, which enables users to easily express complex, multi-dimensional business rules (for example, cost allocation rules which span multiple cost centers or products)

Built-in data integration capabilities to access IT-managed systems of record

Strong integration with IBM Cognos Planning and IBM Cognos 8 Business Intelligence

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Whilst there may be some overlap between IBM Cognos Planning and IBM Cognos TM1 both product sets have clear advantages.

The release of TM1 10 finally starts to blur this distinction with its all new model building capability.   Is this the promise delivered in the roadmap a few years ago for combining the best of both solutions in a single product.?

Some of the more innovative solutions we have developed include integrating data collection models built in Contributor with a TM1 reporting back end.