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TIBCO Announces TIBCO Spotfire 3.1 Analytics TIBCO Announces TIBCO Spotfire 3.1 Analytics
 
March 9, 2010 1:50PM
TIBCO Announces TIBCO Spotfire 3.1: Promises To Be Better Than Bi, Smarter Than Spreadsheets
 


TIBCO today announced TIBCO Spotfire 3.1, the latest version of its in-memory analytics platform making predictive analytics accessible within Spotfire's visual user experience. Spotfire 3.1 responds faster than BI and more flexibly than spreadsheets, equipping everyone in the enterprise –- whether in business, technical, or scientific roles -– to easily analyze complex data, customize their discovery experience, and share their story through mashups, portals, or interactive dashboards. With this release, TIBCO makes predictive analytics a mainstream feature of any business application, allowing any enterprise decision-maker to perform "what-if" scenarios on demand and find new insights in complex data instantly.

"The TIBCO Spotfire Analytics Platform continues to evolve, putting more power into the hands of our analytics team and allowing us to cut time to decision, while guiding our users to more strategic insights," said Ramona Hovey, senior vice president, Products and Services for DrillingInfo Inc., an information and data analysis service for the oil and gas industry whose clients include major oil companies and large and small independents that produce over 90% of all U.S. oil and gas. "By exploiting innovative Spotfire technologies, such as Web-based business analytics, we are looking to build highly responsive, real-time business models to provide our internal and external clients with accelerated business innovation, growth, and collaboration."

"Support for scenario evaluation, predictive analytics, collaboration, and guided analytics of tools such as TIBCO Spotfire enables business decision makers at any level to discover new and actionable insights while proactively detecting and responding to events," said Dan Vesset, vice president of business analytics at IDC. "This ability not only improves productivity, but also minimizes IT investment."

Superior Data Exploration & Analysis

Spotfire 3.1 extends Spotfire's dominant position as the industry's leading visual data exploration and analysis solution. Users now have more tools to explore, interact with, and present their data, while giving them more flexibility and speed to analyze their data.

Unlike traditional BI or static spreadsheets, Spotfire 3.1 includes conditional coloring and lasso and axis marking that allow for better data analysis of patterns, clusters and correlations among sets of variables. Its multiple scale bar charts and combination bar and line plots also allow for enhanced analysis of unstructured, 'free-dimensional' data to identify key outliers and trends amongst the data.

Fully Integrated Advanced Analytics Supporting S+ & R

With Spotfire 3.1, TIBCO continues to advance the industry's most flexible platform for deploying statistically-rigorous, predictive analytic applications to a wide range of professionals across the enterprise. Spotfire 3.1 enables organizations to easily integrate S+ or R statistical scripts and models into a remarkably intuitive and fully interactive interface. This is accomplished through the new TIBCO Spotfire Statistics Services layer, which allows for the central deployment and execution of both S+ and R-based models which can then be accessed and run from a Spotfire client. End users without statistical expertise can now leverage the power of predictive models to add confidence to their decisions. By fully integrating predictive analytics to the TIBCO Spotfire Analytics Platform, Spotfire 3.1 transforms the way business and technical professionals interact with data -– whether data at rest or data in motion -– to make decisions that impact operations on a moment-to-moment basis. (continued...)

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