Tibco Software has announced Spotfire 5, the latest version of its analytics platform, which leverages in-memory functionality derived from Tibco’s ActiveSpaces data grid to improve performance. Separately, the company has extended its partnership with data warehouse vendor Teradata.
“Spotfire 5 is capable of handling in-memory data volumes orders of magnitude greater than the previous version of the Spotfire analytics platform, giving business users the ability to not only discover trends, patterns and outliers incredibly quickly, but also the freedom to explore much larger data sets,” says Lars Bauerle, vice president of product strategy at Tibco.
The latest version also features a new visual interface, which allows databases and cubes to be queried, allowing them to run calculations within the database, close to the data, and then provide the results for visualisation.
Also new is the “enterprise grade” runtime for the R analytics engine. “We are looking forward to the new enterprise-class R in Spotfire 5. Using R in our environment makes the impossible possible,” says Dr. Heiko Bailer, partner and chief investment officer at CorePoint Capital and fund manager at Plenum Investment, in Zurich. “Not only are our predictive analytics capabilities years ahead of what top competitors showcase, but our customers are ‘blown away’ when we demonstrate our funds. The ROI we’ve received from Spotfire is easily 200%.”
Tibco’s Teradata news will see it create a “data discovery and advanced analytics platform for extreme data volumes and complex analytical challenges.” The two companies plan a “tight integration” of Spotfire 5 with Teradata’s Enterprise Data Warehouse. With its new architecture, Spotfire 5 can leverage the execution power of Teradata by pushing all aggregations, filtering and complex calculations used for interactive visualisation into the massively parallel database.