Business intelligence aids decision-making

Spotfire business intelligence software integrates continuous event processing with visual, interactive analytics to aid the making of better business decisions and speeding action.

Spotfire has revealed TIBCO Spotfire Operations Analytics, which allows users to make use of real-time process-specific analytics applications and streamline business process control.

The software brings event processing into Spotfire's next generation business intelligence platform.

Tibco claimed to offer the only event-driven, closed-loop analytics software on the market for achieving actionable, real-time business intelligence (BI).

TIBCO Spotfire Operations Analytics automatically prepares an interactive analysis application of a real-time process based on user-defined rules.

Using this single application on a desktop computer, users can quickly perform root-cause analysis and then revise rule parameters to improve future business performance.

Making the best use of Spotfire in-memory enterprise analytics and TIBCO run-time infrastructure, TIBCO Spotfire Operations Analytics includes the following.

* Dynamic key performance indicator (KPI) definition and syndication which provides a visual design-time environment for parameterised 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-organisational problem solving.

Chairman and CEO of Tibco Software, Vivek Ranadive, said: "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".

He continued: "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 the following.

* Quality management (manufacturing).

* Production monitoring (oil and gas).

* System uptime (telecommunications).

* Portfolio risk (financial services).

* About Spotfire - Spotfire is a division of Tibco Software Incorporated.

The company 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.

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