Tibco’s Spotfire 12.2 Release Adds Streaming and Data Science Tools

Enterprise software provider Tibco has released a new version of its data visualization, analysis The platform, Spotfire 12.2, features new features focused on helping developers and enhancing the software’s ability to function as an end-to-end system. data sciencestreaming, and data management tools.

“The new release of Spotfire enables us to combine database, data science, streaming, real-time analytics, and data management, giving Tibco Cloud the power of an end-to-end platform for Tibco Analytics.

O’Connell said Tuesday’s update comes with Tibco’s Cloud Actions, which allow business users to take actions directly from within the Business Insights window.

“The new Tibco Spotfire Cloud Actions bridge the gap between insight and decision making. no code The ability to write transactions to any cloud or on-premises application enables actions to be taken across myriad operational systems across all of today’s leading enterprise business applications and databases. blog post.

This is made possible by Tibco Cloud Integration, the company’s integration platform as a service offered on the cloud.Cloud integration supports all traditional iPaaS use case and optimized holidayand APIs Tibco describes its use cases, adding that it offers over 800 operating system connectors to work with databases such as Dynamics 365, Amazon Redshift, Google Analytics, Magneto, and MySQL connectors.

Business users can also use Tibco Cloud Live Apps, a no-code interface, to create and automate manual workflows and enable Cloud Actions.

Spotfire trigger actions, automation in other apps

According to Doug Henschen, principal analyst at Constellation Research, Spotfire’s Cloud Actions allow Spotfire users to leverage insights and set criteria that, when conditions are met, trigger actions and automations within other apps.

“Customers don’t want their insights to end up in reports and dashboards that are disconnected from the apps and platforms that people take action to get their work done,” said Hengsheng, noting that leading vendors are working on workflows and automation. He added that it is driving insights into action by. This allows human and automated triggers, not just alerts, to initiate actions and business processes within external systems.

In addition to Cloud Actions, the company offers so-called mods, data visualization modifications developed by Tibco and its user community.

These changes provide a nuanced and different view to yield more insights, and Connell added that these changes can be downloaded from the company’s website and other community sites.

Additionally, according to the company, Tibco Community will provide hands-on enablement, offering a gallery of pre-built mods visualizations, data functions, and Cloud Actions grab-and-go templates for point-and-click deployment. increase.

Tibco Streaming, Data Science Offer Growth Opportunities

As part of the 12.2 update, Tibco is delivering new features as part of Team Studio for Tibco Streaming and Tibco Data Science.

Tibco Streaming comes with dynamic learning that analyzes streaming data to automate data management and analytical computations for real-time events, merging historical and streaming data as part of the same analysis.

According to Tibco, this will extend business intelligence to low-latency operational use cases such as: IoT and corner A sensor, Spotfire, acts as the control and decision hub.

On the data science front, Tibco has updated Team Studio with new apache spark Three workflow engines to improve performance.

The performance improvements are made possible by a new operator framework that unifies core and custom operators, allowing workflows to run as a single Spark application, the company said.

Data virtualization enables AI model training

In addition, the company has updated its Tibco Data Virtualization product, giving users control over data preparation in Team Studio and training and inference of AI and analytics models at scale from within the Spotfire interface.

“End-user applications can train models, make predictions, summarize data, and apply data science techniques in relation to the business problem at hand,” the company said. .

Tibco Data Science’s Team Studio and Tibco Streaming not only enable the company to offer end-to-end services on Tibco Cloud, but also open up growth opportunities for the company, analysts say.

According to Henschen, Tibco Data Science is about developing and deploying predictive models and managing their full lifecycle.

“The data science Team Studio component and its integration with Spotfire and other tools is aimed at making these predictive capabilities accessible to non-data scientists so they can take proactive action. We are,” said Henschen.

According to David Menninger of Ventana Research, demand for Tibco’s data science tools and streaming will increase as more and more business processes include real-time analytics.

“The only way to keep up with real-time processes is with AI and machine learningYou can’t expect someone to monitor your dashboard in real time to determine the best action for the current situation. These decisions have to be made algorithmically, and that’s where data science comes in,” he said Menninger.

According to market research firm IDC, Tibco competes with companies like Microsoft, Tableau, Qlik, IBM and Oracle in the business intelligence market.

According to a market research firm, Tibco has just 1.22% of the market and is installed in 8,160 companies. Enlift.

The research firm names Tableau and Microsoft Power BI as market leaders, with 17% and 14% market share respectively.