Tibco Software: The Comprehensive Analytics Solution

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Dan Streetman, CEO

In today’s tough global economy, sloppy decision making and the idea of decision making with your gut can get businesses punished--swiftly. That's one of the main reasons why businesses are increasingly turning to analytics technologies to compete and thrive. Rather than relying on intuition, they use data analysis and reasoning to reduce risk,improve efficiency, and increase profits. In contrast, business leaders augment the intelligence of their organizations by making all data available for analysis to deliver new insights to create new disruptive business models, optimize operations and deliver exceptional customer experiences. While some businesses are yet to embrace analytics, for over two decades, TIBCO has been helping organizations augment the intelligence of every system, and thing by interconnecting them with data sources and analytic capabilities needed to generate new insights. As a result, businesses could perform better decision taking and automated actions. “From APIs and systems, to devices and people, TIBCO connects everything, unifies data in real time, and enables deep understanding through analytics and data science,” adds Dan Streetman, CEO, TIBCO Software.

Under Streetman, TIBCO is doubling its capabilities to enable businesses become smarter and faster with innovation. Streetman brings extensive technology experience and strategy, having championed digital transformations and other initiatives in several businesses.

Visualize New Discoveries in Data

From APIs, advanced systems and devices, TIBCO interconnects, while capturing valuable data in real-time, and augment the intelligence of business through analytical insights. TIBCO Spotfire is one of the industry's most complete analytics platforms. The AI-powered, search-driven experience, with built-in data wrangling and advanced analytics, makes it fast and easy for everyone to visualize real-time discoveries from data at rest and in motion. As one of the fastest and most complete analytics solution, Spotfire delivers numerous capabilities at-scale, including a wide range of visual analytics, predictive analytics, location analytics, and streaming analytics. By harnessing the power of innovative and open source technologies, TIBCO customers and partners can quickly and easily identify actionable insights from massive amounts of data.

With TIBCO, businesses visualize new discoveries in data much faster and seamless than ever before. Using search and recommendations powered by a built-in artificial intelligence engine, it delivers bring insights from data.

The deep data visualization and exploration that Spotfire is known for is agile, AI-driven, and wrapped in an appealing user interface for faster and efficient operations. Designed for both businesses and analysts, Spotfire enables to analyze and explore data the way people prefer—through AI powered recommendations, natural language query (NLQ)-driven search, or traditional direct manipulation.

TIBCO connects everything, unifies data in real time, and enables deep understanding through analytics and data science

Its advanced capabilities enables the user to visually interact with data and find insights in an immersive environment to spot opportunities and risks without any additional help and support. Furthermore, Spotfireis tailored to provide a powerful and agile experience for self-service visual analytics.

Whether creating simple dashboard metrics, dynamic real-time analytics applications or predictive applications, Spotfire makes it seamless. This includes visual analytics, predictive analytics, data wrangling, location analytics, and streaming analytics. Developed with a simpler and user friendly interface, Spotfire enables to seamlessly explore and visualize data. Its highly interactive and rich dashboard and point-and-click data exploration with powerful analytic capabilities makes Spotfire stand out in the industry. “TIBCO's cloud-native platform helps customers interconnect everything and convert that data into real-time, actionable insights,” adds Streetman.

"We’re focused on helping customers bring data-driven insights into every decision and every customer experience"

NLQ Search-Driven Analytics Experience

With its advanced artificial intelligence integration, Spotfire can make recommendations and instantly display visualizations for different relationships in the data, making it easier to get the insights. Its recommendations could assist businesses mashup data from multiple sources in a single visualization for efficient operations with multiple data sources. Its new NLQ search-driven analytics experience, the search bar becomes the place from where you run Spotfire. Users can simply search to create charts; find variables, and data values for marking; find data sources and library items, as well as get recommended visualizations. It’s easy to build and share professional dashboards for others to use.

Spotfire supports the smallest implementations to the largest global deployments, demonstrating unparalleled performance in the most demanding implementations. Admins can be confident that business-critical analytic applications perform as needed using capabilities such as redistribution of resources for multiple workloads, SLAs, addition and deletion of nodes and service instances, smart routing, and resource pools. With its single click, out-of-the-box predictive methods for classification, forecasting and clustering, anyone can get started with predictive analytics. The final results can be visualized in Spotfire’s interactive dashboards, while deeper data science calculations can be performed using the TIBCO Data Science Platform or Spotfire Data Functions.

Furthermore, Instant out-of-the-box multi-layer maps, geocoding, and reverse geocoding bring geographic context to your analysis. The solution also comes with maps that can generate insights and make predictions that are impossible using traditional charts and table methods. Spotfire dashboards visualize data and output results on maps and custom charts while deeper geo-analytics can be done using the built-in R engine and TIBCO GeoAnalytics.

The right Support and Services

TIBCO's Executive Briefing Center (EBC) is developed to bring the right people, in the right place, at the right time. At EBC, TIBCO’s customers, and partners can spend one-on-one time with senior executives, technologists, and vertical industry experts to discuss about the business goals, and challenges and unique needs, for a complete solution. “We’re focused on helping customers bring data-driven insights into every decision and every customer experience. That involves understanding data, as well as protecting and respecting it,” notes Streetman.

Build Compelling Experiences, and Propel Innovation

Today, numerous customers around the globe rely on TIBCO’s solutions to build compelling experiences, energize operations, and propel innovation. An instance that explains the value proposition of TIBCO’s offerings is when they assisted IstrabenzPlini—a company focused on trading and distribution of Liquefied Petroleum Gases—to predict the customer’s needs for providing them with products and services when in need. IstrabenzPlini’s team was doing a lot of manual reporting work in ERP systems, and in custom-made legacy systems, making the process highly ineffective. The risk was that, if IstrabenzPlini couldn’t automate reporting, and reduce the time spend on analysis, customers would leave them as the company couldn’t provide the reliability and high level of care the clients were demanding. IstrabenzPlini’s team decided to find a tool that would automate a lot of this manual work and bring all sorts of data sources together for creating new information that would give employees the power to better decision making.

IstrabenzPlini’s partnership with TIBCO began with the search for a tool that could help them solve the reporting challenges. With TIBCO Spotfire’s right-time reporting and operations information, IstrabenzPlini achieved greater reliability and customer loyalty. Spotfire supported IstrabenzPlini in their business transformation from distributor to becoming a multi-utility company, while improving productivity and logistics. The right-time visualization enables IstrabenzPlini get the same information in a really shortened timeframe.

Turn Data into Innovation

Over the years, TIBCO has grown to be at the forefront of innovation in API-led and cloud-native development, using open source technology and supporting multi-cloud strategies. TIBCO recently launched an Independent Software Vendor (ISV) Velocity Partner Program to deliver exceptional solutions for the customers. The program is designed for companies to collaborate with TIBCO on building complementary or integrated solutions. The new initiative helps drive further collaboration with existing and future TIBCO partners to deliver a new experience to our customers.

The team also enhanced the TIBCO Spotfire to harnesses the power of innovative and open source technologies to usher in a new era of high-performance in-cluster analytics, empowering TIBCO customers and partners to uncover deep insights and speed decision making. “We’re continuing to invest in the kinds of disruptive technologies that are driving change across industries. More broadly, we’re growing touchpoints we have with our customers and partners. Their data is a precious asset, and we’ll continue helping them turn that data into innovation,” concludes Streetman.

- Joe Phillip
August 14, 2019