Shlomi Lavi /
Oct 31, 2022
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Bottom Line: Which is Better - IBM Cognos TM1 or Domo?
IBM Cognos TM1 is more expensive to implement (TCO) than Domo, and Domo is rated higher (96/100) than IBM Cognos TM1 (82/100). Domo offers users more features (8) than IBM Cognos TM1 (5). There is a clear winner in this case and it is Domo!
Looking for the right Business Intelligence solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:
IBM Vs. Domo
IBM: International Business Machines Corporation, or IBM, is an American corporation. IBM manufactures and markets computer hardware and software, and offers infrastructure, hosting and consulting services in areas ranging from mainframe computers to nanotechnology.
Domo: Domo's founding team consists of some of the most sought after talent in the industry with experience that includes Amazon, American Express, Ancestry.com, eBay, Endeca, Facebook, Linkedin, MLB.com, Omniture, and Salesforce.com, amongst others. Domo's all-star line up of investors features the Who's Who of SaaS, venture capital and Internet technol...
Who is more expensive? IBM Cognos TM1 or Domo?
The real total cost of ownership (TCO) of Business Intelligence software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for IBM Cognos TM1 and Domo.
IBM Cognos TM1 price starts at $5 per user/month , On a scale between 1 to 10 IBM Cognos TM1 is rated 8, which is higher than the average cost of Business Intelligence software. Domo price starts at $175 per user/month , When comparing Domo to its competitors, the software is rated 6 - similar to the average Business Intelligence software cost.
Bottom line: IBM Cognos TM1 is more expensive than Domo.
Which software includes more/better features?
We've compared IBM Cognos TM1 Vs. Domo based on some of the most important and required Business Intelligence features.
IBM Cognos TM1: Budgeting & Forecasting, Financial reporting, Forecasting, Income Statements, Profit / Loss Statement.
Domo: Dashboarding, Data Analysis Tools, Data analysis, Project Collaboration, Budgeting & CPM.
Target customer size
Customers of the software include businesses of all sizes including various Fortune 500
companies. Domo is equipped enough to meet the needs of any business size and type.