Organisations struggle to keep pace with the explosion of data volumes and velocity, and the resulting impact on insights. Disparate analytics tools and siloed roles and processes prevent organizations from making faster, smarter decisions.
Gartner predicts that by 2022, 90% of corporate strategies will explicitly mention information as a critical enterprise asset and analytics as an essential competency. Despite its importance, Gartner says through 2022, only 20% of analytics will deliver business outcomes.
TIBCO Software hopes to change this with the release of its Hyperconverged Analytics, providing immersive, smart, and real-time analytics to data-driven businesses.
Hyperconverged Analytics is TIBCO's approach for converged visual analytics, data science, and streaming, across data and analytics roles.
When coupled with TIBCO Cloud Data Streams, this takes users beyond traditional business intelligence with the ability to connect to real-time data streams for responsive business insights. TIBCO Hyperconverged Analytics delivers superior visual analytics, data science, and streaming analytics capabilities through a single environment, TIBCO Spotfire 11.
"The worlds of real-time events and analytics on accumulated data are converging,” said Michael O’Connell, chief analytics officer, TIBCO.
He stressed that with TIBCO Hyperconverged Analytics, “we compress the time from business events to analysis, insight, decision and action for all kinds of data,” he added.
In a nutshell
Hyperconverged Analytics shortens the time to insights, while the new Spotfire 11 shortens the time to custom analytics creation.
Together, they combine data management and data science with real-time data to drive business insights, decisions, and actions.
TIBCO says the aim of the new announcements is to further simplify the complexity of immersive visual analytics and gives businesses extreme value from their data assets. The offering supports innovation for purpose-built analytic apps, fulfilling the promise of Hyperconverged Analytics.