Enterprise software provider Tibco is releasing a new version of its data visualization and analytics platform, Spotfire 12.2, with new features that focus on helping developers and bolstering the software’s ability to act as a comprehensive system that combines science data, transmission and data management tools.
“With the new release of Spotfire, we are able to combine databases, data science, streaming, real-time analytics and data management, giving Tibco Cloud the power of a comprehensive platform,” said Michael O’Connell, director analysis officer at Tibco.
The update, released Tuesday, comes with Tibco’s Cloud Actions, which allows business users to take actions directly from the business insights window, according to O’Connell.
“The new Tibco Spotfire Cloud Actions close the gap between knowledge and decision. This no-code ability to write transactions to any cloud or on-premises application allows you to take action on countless operating systems, spanning all of today’s major enterprise applications and databases,” the company said in a blog post.
This is possible thanks to Tibco Cloud Integration, which is an integration platform as a service offered by the company in the cloud. Cloud Integration supports all traditional iPaaS use cases and is optimized for REST and API-based use cases, Tibco said, adding that it offers more than 800 OS connectors and works with databases like Dynamics. 365, Amazon Redshift, Google Analytics, Magneto, and MySQL. connector
Business users can also use Tibco Cloud Live Apps, which is a no-code interface, to create and automate manual workflows, to enable Cloud Actions, the company said.
Spotfire triggers actions, automation in other apps
Spotfire’s Cloud Actions, according to Constellation Research Principal Analyst Doug Henschen, allows Spotfire users to leverage insights and set criteria that, when met, trigger actions and automation within other applications.
“Customers don’t want insights to end up with reports and dashboards that are disconnected from the apps and platforms where people take action and do their work,” Henschen said, adding that leading vendors have been pushing for insights to come into play. action with workflow and automation. options, whereby alerts, as well as human and automated triggers, can be used to initiate actions and business processes within external systems.
In addition to Cloud Actions, the company offers data visualization modifications, called mods, which are developed by Tibco and its user community.
These mods offer nuanced and different views to generate more information, the company said, adding that they can be downloaded from the company’s website and other community sites, Connell added.
Additionally, the Tibco Community, according to the company, provides hands-on enablement, along with pre-built mod visualization galleries, data functions, and take-away Cloud Actions templates, offering point-and-click implementation.
Tibco Streaming, Data Science offer growth opportunities
As part of the 12.2 update, Tibco is offering new features as part of Tibco Streaming and Tibco Data Science Team Studio.
Tibco Streaming now comes with dynamic learning, which analyzes streaming data to automate data management and analytics calculations for real-time events, merging streaming and historical data as part of the same analytics, the company said.
This, according to Tibco, allows business intelligence to be expanded into low-latency operational use cases, such as IoT and edge sensors, with Spotfire as the control and decision center.
On the data science side, Tibco 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 combines core and custom operators, allowing workflows to run as a single Spark application, the company said.
Data virtualization enables training of AI models
In addition, the company has updated its Tibco data virtualization offering, allowing users to control Team Studio data preparation and perform AI model training and inference and analytics at scale from the Spotfire interface.
“End-user applications can train models, make predictions, summarize data, and apply data science techniques, in the context of the business problem at hand,” the company said.
Tibco Data Science’s Team Studio and Tibco Streaming will not only enable the company to offer end-to-end services with Tibco Cloud, but also unlock growth opportunities for the company, the analysts said.
Tibco Data Science is all about developing and deploying predictive models and managing their entire lifecycle, according to Henschen.
“The Data Science Team Studio component and integrations with Spotfire and other tools are aimed at making those predictive capabilities accessible to non-data scientists so they can take proactive action,” Henschen said.
Demand for Tibco’s streaming and data science tools, according to Ventana Research’s David Menninger, will see an increase as more and more business processes involve real-time analytics.
“The only way to keep up with real-time processes is with AI and machine learning. You can’t expect someone to be monitoring a dashboard in real time to determine the best action for the current situation. These decisions need to be made algorithmically and that’s where data science comes in,” Menninger said.
Tibco, according to market research firm IDC, competes with the likes of Microsoft, Tableau, Qlik, IBM and Oracle in the business intelligence market.
Tibco has captured just 1.22% of the market, with installations in 8,160 companies, according to market research firm Enlyft.
The research firm lists Tableau and Microsoft Power BI as market leaders, with a 17% and 14% market share, respectively.
Copyright © 2023 IDG Communications, Inc.
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