Tibco Software (NASDAQ: TIBX) today announced the launch of Tibco Spotfire 3.0, the latest version of the company's industry-leading, in-memory analytics platform that equips people to make better decisions.
This release allows customers to expand their Spotfire applications into new business-critical areas, bringing the speed and flexibility of the Spotfire experience to new users. Spotfire 3.0 introduces simplified connectivity to popular business applications such as SAP and Oracle, load balancing and enhanced in-memory performance to better enable IT organizations to scale Spotfire throughout the enterprise.
"Traditional business intelligence is predominantly optimized for reporting while specialty analysis tools are too hard to use and prohibitively expensive for broad communities of users," said Lars Bauerle, vice president, product strategy at TIBCO Spotfire. "With Spotfire 3.0 we are offering a scalable platform that is closer to real time needs of business processes and lowers the average cost per user so everyone in the enterprise can be equipped with their own high-powered analytic experience."
Spotfire 3.0 is the latest release in a steady stream of product enhancements and industry firsts, following on a long history of innovation. Recent product releases brought to market support business mashups, real-time data and business process integration, new visualization methods and predictive analytics. The introduction of Spotfire 3.0 now makes it possible to analyze data from enterprise data sources, including SAP, Oracle, Siebel, Salesforce.com and more. Improvements to scalability and performance in this release also enable IT organizations to deliver a standardized, yet highly adaptable, analytics platform to the entire organization at a reasonable cost.
Simplified Application Integration
Spotfire 3.0 is designed to leverage existing enterprise IT assets and infrastructure, minimizing application complexity while delivering improved access to data. Working in tandem with TIBCO Spotfire® Application Data Services, a new integration product, Spotfire 3.0 enables simplified integration to SAP NetWeaver BI, SAP ERP, Salesforce.com, Siebel eBusiness Applications, and Oracle E-Business Suite.
A robust Web Services connector enables organizations to integrate with countless additional applications and data sources. An integrated caching layer also dramatically speeds up data access from slow data sources by pre-loading common views and eliminating or reducing the need to create data warehouses or data marts. With this release, the limitations that had often led IT to adopt multiple applications in order to satisfy the information needs of different user groups no longer apply.
Enterprise Performance & Scalability
Designed for enterprise-level deployment, Spotfire 3.0 offers proven scalability across the enterprise through a reliable multi-tiered architecture. This design supports full failover recovery and dynamic load balancing, centralized management of enterprise deployments and improved application migration methods. These enhancements make deployments across mission critical applications possible and allow IT to continually respond more quickly to growing business needs.
Jörg Neumann, manager at Customer Intelligence at Cortal Consors, a leading European broker in personal investing and online trading, is excited about the new version of TIBCO Spotfire. "Over more than four years, the interactive TIBCO Spotfire analytics platform has played a key role in our BI activities. Initially our management team benefited most by discovering trends and risks early through Spotfire's interactive and flexible analytics capabilities, leveraging business opportunities as they occurred. Today, our user community has grown: CRM Sales, Wealth Management, and Sales Controlling as well as our Online Marketing department all use Spotfire. This enterprise platform allows us to integrate external data very quickly, increasing our agility and effectiveness in many areas."
Real-time Analysis & Reporting
Spotfire 3.0 also includes enhancements to its industry-leading data visualization. Improvements to the dynamic data engine now also enable visualizations and analyses to be automatically updated based on external events and real-time data.
Improved mapping allows for better data analysis of patterns, clusters, correlations among pairs of variables, gaps, and outliers. Spotfire 3.0 also offers tree maps that allow for the analysis of hierarchical and multi-dimensional data to identify structural properties, as well as error bars that instantly illuminate outliers and visually depict standard deviations on existing visualizations. This added visualization extensibility provides rapid overviews of data and the ability to instantly spot trends from many variables.
TIBCO Spotfire 3.0 is available now.