Enterprise software provider Tibco is releasing a new version of its data visualization and analytics platform, Spotfire 12.2, with new features aimed at helping developers and strengthening the software’s ability to function as an end-to-end system that combines data science, flow and data management tools.
“With the new release of Spotfire, we are able to bring together databases, data science, streaming, real-time analytics and data management, giving Tibco Cloud an end-to-end platform,” said Michael O’Connell, CEO. Analyst at Tibco.
The update released Tuesday comes with Tibco’s Cloud Actions, which enables business users to take actions directly from the Business Insights window, according to O’Connell.
“The new Tibco Spotfire Cloud Actions bridges the gap between insights and decisions. This code-free ability to write transactions to any cloud or on-premise application enables operations across countless operating systems spanning all business applications and databases in today’s enterprises,” the company blog said.
This is made possible by Tibco Cloud Integration, an integration platform as a service offered by the company through the cloud. Cloud Integration supports all traditional iPaaS use cases and is optimized for REST and API use cases, Tibco said, adding that it offers more than 800 operating system connectors and works with databases , such as Dynamics 365, Amazon Redshift, Google Analytics, Magneto, and MySQL. connector.
Business users can also use Tibco Cloud Live Apps, a code-free interface to create and automate manual workflows, enable Cloud Actions, the company said.
Spotfire triggers actions, automations in other applications
Spotfire’s Cloud Actions enable Spotfire users to leverage insights and set criteria that, when met, trigger actions and automation in other applications, according to Doug Henschen, principal analyst at Constellation Research.
“Customers don’t want insights to end up with reports and dashboards that are disconnected from the applications and platforms where people take action and get work done,” Henschen said, adding that leading vendors are trying to put insights to work through workflow and automation. options with which alerts, as well as human and automated triggers, can be used to initiate actions and business processes in external systems.
In addition to Cloud Actions, the company offers data visualization mods, replicated routines developed by Tibco and its user community.
These changes offer nuance and different perspectives to create more insights, the company said, with Connell adding that they can be downloaded from the company’s website and other community sites.
In addition, Tibco Community provides hands-on functionality, with galleries of pre-built mode visualizations, data functions and Cloud Actions grab-and-go templates, offering point-and-click deployment, according to the company.
Tibco Streaming, Data Science offer growth opportunities
As part of the 12.2 update, Tibco is offering new features as part of its Tibco Streaming and Tibco Data Science team studios.
Tibco Streaming now comes with dynamic learning that analyzes streaming data to automate data management and analytics for real-time events by merging historical and streaming data as part of the same analysis, the company said.
This, according to Tibco, allows business intelligence to extend to low-latency operational use cases such as IoT and edge sensors, where Spotfire serves as a management and decision hub.
In data science, Tibco has updated its Team Studio to include a new Apache Spark 3 workflow engine to improve performance.
The performance improvement is made possible by a new operator framework that unifies basic and custom operators, enabling workflows to be executed as a single Spark application, the company said.
Data virtualization enables AI model training
In addition, the company updated its Tibco Data Virtualization offering, allowing users to control Team Studio data preparation and perform AI and analytical model training and inference at scale within the Spotfire interface.
“End-user applications can build models, make predictions, summarize data and apply data science techniques in the context of a relevant business problem,” the company says.
Tibco Data Science’s Team Studio and Tibco Streaming will not only allow the company to offer end-to-end services with Tibco Cloud, but will also open up development opportunities for the company, analysts said.
Tibco Data Science is about developing and deploying predictive models and managing their complete lifecycle, according to Henschen.
“The Team Studio data science component and integration with Spotfire and other tools is about making those predictive capabilities available to non-data scientists so they can take proactive action,” Henschen said.
Demand for Tibco’s data science tools and workflow will grow as more and more business processes incorporate real-time analytics, according to Ventana Research’s David Menninger.
“The only way to track real-time processes is through artificial intelligence and machine learning. You can’t expect someone to monitor the dashboard in real time to determine the best course of action for the current situation. These decisions have to be made algorithmically, and that’s when data science comes in,” Menninger said.
Tibco competes with companies such as Microsoft, Tableau, Qlik, IBM and Oracle in the business intelligence market, according to marketing firm IDC.
Tibco captured just 1.22% of the market, with installations at 8,160 companies, according to marketing firm Enlyft.
The research firm sees Tableau and Microsoft Power BI as the market leaders, with 17% and 14% market share, respectively.
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