Welcome!

Weblogic Authors: Elizabeth White, Michael Meiner, Michael Bushong, Avi Rosenthal

Blog Feed Post

New TIBCO Spotfire Analytics Software Is Better Than BI, Smarter Than Spreadsheets

Latest release delivers a complete platform for predictive analytics to any business, technical, or scientific user

Somerville, Mass., March 9, 2010 - TIBCO Software Inc. (NASDAQ: TIBX) today launched TIBCO Spotfire® 3.1, the latest version of its in-memory analytics platform making predictive analytics accessible within Spotfire's visual user experience. Spotfire® 3.1 responds faster than BI and more flexibly than spreadsheets, equipping everyone in the enterprise - whether in business, technical, or scientific roles - to easily analyse complex data, customise their discovery experience, and share their story through mashups, portals, or interactive dashboards. With this release, TIBCO makes predictive analytics a mainstream feature of any business application, allowing any enterprise decision-maker to perform "what-if" scenarios on demand and find new insights in complex data instantly.

"The TIBCO Spotfire Analytics Platform continues to evolve, putting more power into the hands of our analytics team and allowing us to cut time to decision, while guiding our users to more strategic insights," said Ramona Hovey, senior vice president, Products and Services for DrillingInfo Inc., an information and data analysis service for the oil and gas industry whose clients include major oil companies and large and small independents that produce over 90% of all U.S. oil and gas. "By exploiting innovative Spotfire technologies, such as Web-based business analytics, we are looking to build highly responsive, real-time business models to provide our internal and external clients with accelerated business innovation, growth, and collaboration."

"If empowering business users to make better decisions is the end game of BI and analytics technology, then organisations - and vendors - must provide functionality that goes beyond basic information access," said Dan Vesset, vice president of business analytics at IDC. "Support for scenario evaluation, predictive analytics, collaboration, and guided analytics of tools such as TIBCO Spotfire enables business decision makers at any level to discover new and actionable insights while proactively detecting and responding to events. This ability not only improves productivity, but also minimizes IT investment."

Superior Data Exploration & Analysis
With an extensive track record of providing users with innovative visualisation capabilities that speed decision-making, Spotfire 3.1 extends Spotfire's dominant position as the industry's leading visual data exploration and analysis solution. Users now have more tools to explore, interact with, and present their data, while giving them more flexibility and speed to analyse their data.

Unlike traditional BI or static spreadsheets, Spotfire 3.1 also includes conditional coloring and lasso and axis marking that allow for better data analysis of patterns, clusters and correlations among sets of variables. Its multiple scale bar charts and combination bar and line plots also allow for enhanced analysis of unstructured, 'free-dimensional' data to identify key outliers and trends amongst the data.

Fully Integrated Advanced Analytics Supporting S+ & R
With Spotfire 3.1, TIBCO continues to advance the industry's most flexible platform for deploying statistically-rigorous, predictive analytic applications to a wide range of professionals across the enterprise. Spotfire 3.1 enables organisations to easily integrate S+® or R statistical scripts and models into a remarkably intuitive and fully interactive interface. This is accomplished through the new TIBCO Spotfire Statistics Services layer, which allows for the central deployment and execution of both S+ and R-based models which can then be accessed and run from a Spotfire client. End users without statistical expertise can now leverage the power of predictive models to add confidence to their decisions. By fully integrating predictive analytics to the TIBCO Spotfire Analytics Platform, Spotfire 3.1 transforms the way business and technical professionals interact with data - whether data at rest or data in motion - to make decisions that impact operations on a moment-to-moment basis.

Spotfire 3.1 also allows the user to bring the power of the widely-adopted R language to the Spotfire platform to perform advanced what-if analysis and sophisticated analytics. This opens up access to a huge array of freely-available statistical methods, and makes them accessible and relevant for business professionals. By linking R analytics into the TIBCO Spotfire Analytics Platform, customers can take advantage of investments they've already made with R and make them available to the rest of the organisation.

"The rapid adoption of R demonstrates the high demand for statistically supported decision-making, but its usage has been limited to expert users" said Bill Ladd, Chief Analytic Officer of RecordedFuture and long-time R user. "This Spotfire Analytics release will make it easy for organisations to put the power of R and S+ into the hands of many more users. Not only will that leverage the investments organisations have made in developing algorithms and models, but it will help end users without statistical expertise make more analytically-powered decisions."

Comprehensive Platform for Building Analytic Applications
Spotfire 3.1 empowers non-IT, non-programmers to easily build powerful visual, interactive, event- and statistically-driven Spotfire® Analytic Applications, enabling more pervasive and flexible use of sophisticated analysis for decision-making by everyday business users. New parameter-driven applications - offered through new user interface controls - put the power of creating sophisticated applications right in the hands of a Spotfire user.

Working in tandem with TIBCO Spotfire® Application Data Services, Spotfire 3.1 also makes it possible to analyse data from various enterprise data sources, including SAP NetWeaver BI, SAP ERP, Salesforce.com, Siebel eBusiness Applications, and the Oracle E-Business Suite. This simplified integration - coupled with new Web mashup application programming interfaces (APIs) - enables richer and pervasive analytic application development. By bringing the power of analytics to mission-critical functions such as Sales and Marketing, Finance, Research & Development, and Supply Chain, Spotfire 3.1 allows IT to continually respond more quickly to growing business needs. With Spotfire, the limitations that had often led IT to adopt multiple applications in order to satisfy the information needs of different user groups no longer apply.

"Spotfire 3.1 brings easy-to-create - yet exceptionally powerful analytic applications to the enterprise - uniquely filling the 'analysis gap' that has forced business and technical professionals to resort to spreadsheets for their analytic needs. It sets a new standard for what a software product needs to provide in order to be truly considered 'analytics'," said Lars Bauerle, vice president product strategy for Spotfire, TIBCO Software Inc. "No other vendor combines five key elements - clarity of visualisation, freedom of spreadsheets, relevance of applications, confidence of statistics, and reach of reports - in a single user experience. We challenge any other vendor boasting 'analytics' to prove they meet this full set of requirements for analytics."

TIBCO Spotfire 3.1 is available now. For more information visit: http://spotfire.tibco.com/ContentCenter/Datasheets/Whats-New-3-1.aspx.

About TIBCO
TIBCO Software Inc. (NASDAQ: TIBX) is a leading provider of enterprise analytics software for next generation business intelligence. TIBCO Spotfire products offer a visual and interactive experience that helps professionals quickly discover new and actionable insights in information. Distinguished by its speed to insight and adaptability to specific business challenges, Spotfire rapidly reveals unseen threats and new opportunities, creating significant economic value. Spotfire customers include industry leaders among the Global 2000 that have deployed Spotfire analytics to gain an information advantage over their competitors. For more information, visit http://spotfire.tibco.com.

Media Inquiries
James Cooper or Duncan Gurney
Ascendant Communications
Tel: 0208 334 8041
Email:
[email protected] / [email protected] /

###

TIBCO, TIBCO Software, TIBCO Spotfire, Spotfire, S+, and TIBCO Spotfire Application Data Services are trademarks or registered trademarks of TIBCO Software Inc. or its subsidiaries in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.

Read the original blog entry...

More Stories By RealWire News Distribution

RealWire is a global news release distribution service specialising in the online media. The RealWire approach focuses on delivering relevant content to the receivers of our client's news releases. As we know that it is only through delivering relevance, that influence can ever be achieved.

@ThingsExpo Stories
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Is the ongoing quest for agility in the data center forcing you to evaluate how to be a part of infrastructure automation efforts? As organizations evolve toward bimodal IT operations, they are embracing new service delivery models and leveraging virtualization to increase infrastructure agility. Therefore, the network must evolve in parallel to become equally agile. Read this essential piece of Gartner research for recommendations on achieving greater agility.
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.