Dispelling the myths: IBM’s ongoing investment in IBM Planning Analytics, powered by IBM TM1
A few competitors are trying to sow doubt about IBM’s commitment to IBM TM1 and IBM Planning Analytics – which is powered by IBM TM1 – as well as the product’s future, and the implications of the latest upgrade. Let me set the record straight—IBM Planning Analytics isn’t going anywhere. In fact, IBM is increasing their investing in the offering, and will continue to do so, while leveraging the same robust IBM TM1 technology that has been the backbone of this product since its inception.
Like any great product with a long history, IBM Planning Analytics has evolved over the years. For example, prior to 2016, the product was known as IBM TM1. The last version of “TM1” to be shipped was version 10.2.2 but the TM1 technology and experience continues to ship under the IBM Planning Analytics offering. In September 2017, we announced plans to end standard support for this older version and transition it to extended support for three years via subscription and support (S&S) service extensions. There’s no intrigue to be found here. We’re simply ending support for an older version of software and enabling customers to seamlessly migrate to the new version.
IBM Planning Analytics is an integrated planning solution. It is not only streamlining our customers’ planning processes, it is also providing customers with the functionality to dive deeper into their data to forecast with greater accuracy. It enables customers to scale as they grow and change and gives them the flexibility to plan without changing their business process. But you don’t have to take our word for it. In 2018, IBM was positioned as a Leader in the Gartner Magic Quadrant for Cloud FP&A, and received “top rank” in over 25 KPIs from BARC Planning Survey 18 including, ease of use, user experience, and business value.
“We selected Planning Analytics because we felt that the IBM solution was more flexible and versatile than the competition. We were also impressed by the number of companies willing to act as a reference because of their successful adoption of Planning Analytics.”
—Olivier Bonomini, Head of Business Engineering, EF Education First
Still, some competitors are working to create confusion. That’s why we want to take a moment and respond, specifically, to some of the myths that have arisen around the ending of support for this older version of the IBM Planning Analytics solution—a solution, by the way, that’s enabling thousands of organizations of all sizes and in all industries, to solve their real-world planning challenges.
Myth 1: End-of-support for IBM TM1 10.2.2 means the end-of-life for IBM TM1.
False. In September 2017, IBM announced that effective September 30, 2019, it would end support for IBM TM1 10.2.2. IBM TM1 was rebranded to IBM Planning Analytics in 2016, but IBM has not discontinued use of the IBM TM1 technology. In fact, it is quite the opposite—IBM TM1 continues to be the server that powers the analytical capabilities of IBM Planning Analytics. This robust, in-memory calculation engine can enable IBM Planning Analytics users to build sophisticated, multidimensional models for data analysis on virtually any combination of data hierarchies and dimensions. IBM Planning Analytics is simply the next generation of IBM TM1…just with a new name!
Myth 2: End of support for IBM TM1 10.2.2 means a costly migration to a new product, IBM Planning Analytics.
False. IBM has announced end-of-support for IBM TM1 10.2.2; however, as with all IBM TM1 releases, customers with current S&S entitlements can migrate to the latest version (now called IBM Planning Analytics) at no additional cost. Despite the name change, the process has remained the same—customers simply install and go, using their current model.
Similarly, as with all IBM TM1 releases, for customers who are unable to migrate or wish to remain on an older version, service extensions providing on-going support and critical defect fixes will be available for up to 3 years beyond the end-of-support date, September 30, 2019.
Myth 3: My existing IBM TM1 models will not work if I migrate to IBM Planning Analytics.
False. Existing IBM TM1 models will continue to work when customers migrate to IBM Planning Analytics. Migration provides all of the capabilities of IBM TM1, plus all of the new components that have been introduced into the solution, including IBM Planning Analytics Workspace, IBM Planning Analytics for Microsoft Excel, Hierarchies and more; however, you are not required to adopt the new components for IBM Planning Analytics to function properly. Modeler licenses provide entitlements to IBM Planning Analytics Workspace, so users can test and explore the new the capabilities before deploying broadly or pushing to a production environment.
We hope this helps clarify the myths that have been circulating about IBM Planning Analytics, in our opinion, the best planning solution on the market. Stay tuned: there are big things in development in our labs for IBM Planning Analytics.