New BI software first to marry continuous event processing with visual, interactive analytics for better business decisions and faster action
TUCON®, San Francisco, April 29, 2008 – Spotfire, a division of TIBCO Software Inc., today announced TIBCO Spotfire® Operations Analytics, which allows customers to deploy real-time process-specific analytics applications and streamline business process control across the organization. The new software embeds event processing into Spotfire’s next generation business intelligence platform. With this announcement, TIBCO offers the only event-driven, closed-loop analytics software on the market for achieving actionable, real-time business intelligence (BI).
“The TIBCO Spotfire Operations Analytics offering exemplifies the trend toward delivering real-time business control based on robust analytics, a concept IDC calls intelligent process automation. It provides business decision-makers with both immediate, actionable intelligence and an opportunity to discover root-causes for exceptions through an interactive interface," said Dan Vesset, program vice president, Business Analytics, IDC.
Unlike other products that notify users of problems, but don’t initiate an action or fix, TIBCO Spotfire Operations Analytics closes the business process improvement loop by automatically preparing an interactive analysis application of a real-time process based on customer-defined rules. Using this single application on their desktop, business professionals can quickly perform root-cause analysis and then revise rule parameters to improve future business performance.
Leveraging Spotfire in-memory enterprise analytics and TIBCO run-time infrastructure, TIBCO Spotfire Operations Analytics includes:
• dynamic key performance indicator (KPI) definition and syndication which provides a visual design-time environment for parameterized business rules
• real-time Six Sigma process control using time-tested Western Electric rules
• root-cause analysis and iterative KPI updates for closed loop process improvement
• optional BPM integration for cross-organizational problem solving.
“Today’s announcement is the latest example of TIBCO’s ongoing commitment to providing a complete, real-time and event-driven infrastructure that organizations need to compete in the 21st century,” said Vivek Ranadivé, Chairman and CEO, TIBCO Software Inc. “The combination of TIBCO Spotfire next generation BI capabilities with TIBCO real-time infrastructure is successfully transforming the way customers interact with data and make informed decisions to directly impact business operations on a moment-to-moment basis.”
Example applications for this new software include:
• quality management (manufacturing)
• production monitoring (oil and gas)
• system uptime (telecommunications)
• portfolio risk (financial services)
Spotfire, a division of TIBCO Software Inc., is a leading provider of enterprise analytics software for next generation business intelligence. Spotfire offers 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
TIBCO, TIBCO Software, TUCON, TIBCO Spotfire, and Spotfire are trademarks or registered trademarks of TIBCO Software Inc. and/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.
The foregoing document includes a description of certain planned future availability of TIBCO product(s) or product functionality. Such description and projected timing is provided for informational purposes only and is subject to change without notice.
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