Compare IBM Cognos TM1 and Qlik Sense - Dec 2022

Shlomi Lavi

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Bottom Line: Which is Better - IBM Cognos TM1 or Qlik Sense?

IBM Cognos TM1 is more expensive to implement (TCO) than Qlik Sense, and Qlik Sense is rated higher (95/100) than IBM Cognos TM1 (82/100). Both tools offer the same amount of features.

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. QlikTech

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.

QlikTech: QlikTech is a software company based in Radnor, Pennsylvania. QlikTech is the provider of QlikView, a Business Intelligence (BI) software, which combines the features of dynamic presentations, instantaneous data manipulation, and real-time data analysis.

Who is more expensive? IBM Cognos TM1 or Qlik Sense?

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 Qlik Sense.

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. Qlik Sense price starts at $30 per user/month , When comparing Qlik Sense to its competitors, the software is rated 2 - much lower than the average Business Intelligence software cost.

Bottom line: IBM Cognos TM1 is more expensive than Qlik Sense.

Which software includes more/better features?

We've compared IBM Cognos TM1 Vs. Qlik Sense 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.

Qlik Sense: Ad-Hoc Analysis, Ad-Hoc Reporting, Customizable Dashboard, Dashboarding, OLAP.

Target customer size

Customers of the software include businesses of all sizes including various Fortune 500 companies. Since Qlik Sense has the ability to handle unlimited users, it can be used by different businesses of varied sizes.