IBM Cognos TM1 Training in Bangalore

Career growth in IBM Cognos TM1

IBM Cognos TM1 form 10 has now been around for a decent time and has officially experienced a few minor and real updates. The move from from 10.1 to 10.2 itself was a huge change, despite the fact that it was inside a similar discharge stream. The key updates incorporated the move from .Net to Java as the principle stage and support for multi-threading inquiries.

Regardless of every one of these progressions and updates, the basic system and structures continued as before. Notwithstanding the expansion of CAFÉ, which conveyed critical advancement of execution and adaptability for clients over a wide region organize, most interfaces have not changed for various years.

Benefits of TM1

• TM1 is short for IBM Cognos TM1 and it refers to a Software intended for businesses to help them implement planning solutions that also allow forecasting and budgeting. ‘ This particular software is also designed to produce analytical data through applications that produce reports.
• A TM1 is packed with features that can give the following benefits to companies and enterprises:

Easy access to analytical data

• TM1 provides only one interface to access all data relating to the planning solutions up to the reporting solutions. ‘ This simply translates to easy viewing of reports which one could analyse easier to check against business plans and goals.

Easy development and deployment

• The configurations involved in TM1 also allow the IT experts or network administrators to easily customize solutions for their particular company. ‘ And when customization is made easy, companies can also take advantage of the system almost as quickly.

Integration with external software

• IBM Cognos TM1 allows users to use external Web-based software to function as the authoring medium. ‘ Compatibility is extended to users of Microsoft Excel and browsers such as IE and Mozilla Firefox.

Consolidation of data from different sources

• Another great thing about TM1 is that it features a platform for integrating various data from different sources which may include the users’ personal files, ERP system data, spreadsheet entries, and details from other applications.

Information Security

• IBM Cognos TM1 allows security configurations based on the users role in the business. ‘ This means that user access may be configured in terms of their rights on which part of the business framework they are allowed access to. Restrictions may be put for every single user depending on his/her rights and needs.
• TM1’s features are a great benefit to companies and businesses in terms of data integration from various departments. ‘ Data can be shared and/or analyzed between these different departments making various internal processes more efficient.

IBM Cognos TM1 solution is the software that helps you in the radical Corporate Planning. You can create useful forecasting, analysis, budgeting and profitability models for your organization. It integrates forecasting and profitability analysis with planning to bring out the best possible output (more profits, effective Capital Management, etc.). Some key benefits are –

• Personalized analytics workspace combining analysis, planning, reporting and dashboarding – all in a single user interface
• Secure development of planning and forecasting solutions followed by effective deployment of the same
• Patented, multi-dimensional, 64-bit OLAP engine (in-memory) for enhancing the scalability of the enterprise
• One can choose from different interfaces like Microsoft Excel, Cognos TMI Contributor, Cognos TM1 Web and Cognos Insight (for the users not using the Excel)
  Accommodates several work styles
• Integrates with a Cognos BI software (Cognos 10) for a single, stable platform where data is consolidated from various sources
• Choose from centralized or distributed planning systems for a higher number of interactions and users
• Complete Unicode support accommodating string lengths exceeding 255 characters
• Language support for simplified Chinese and Japanese

The advanced features and benefits of Cognos tm1 solutions help companies to become more adaptive and collaborative to changing demands of the market. Integrating all the central departments of the organization like Marketing, Sales and HR to analyze planning and explore alternative solutions is the objective of this tool.