TIBCO Spotfire Training in Hyderabad

Advanced Collaboration Tools

• Spotfire’s contextual collaboration capabilities uniquely support this natural decision-making process—from spontaneous and free-form brainstorming to decisions made within a formalized workflow—through a new level in social analytics.
• With Spotfire’s collaborative BI approach, we can capture and socialize moments of insights, ideas, and hypotheses with peers, advisers, and customers—whether in an existing portal or Spotfire. From there, we get the power to make more informed and transparent decisions at a more rapid rate.

Why Spotfire?

• Large amount of complex data becomes difficult when it is analyzed over spreadsheets or reports; it becomes easier when data is processed over graphs or charts.
• Data visualization is a quick and easy way to convey information and to understand it. Spotfire makes visualization much easier with its interactive way of presenting data in charts, graphs, and 3D forms.
• By allowing us to process large amounts of information at once, Spotfire opens up the windows of understanding to ease our business operations.
• Decision analysis is fueled by the available data and information. When we feed accurate, unbiased data visualizations into our decision-making tools, we get the ability to make better decisions for our enterprise.

Benefits of Spotfire

• Spotfire helps identify the area in which there needs to be an improvement. Let us take a scenario, in your organization, you find that there is an economic crisis and the shares that you bought are falling.
• So, you analyze the data from the previous years and find out the shares that will boom in the upcoming days. Then, you ask your organization to invest in those shares. Spotfire here helps you in following ways:
• Spotfire helps in finding the facts that ruin the customer–organization relationship.
• It helps analyze the fall and rise of a product in the market through graphical representation of the sales and reviews of the product data.
• It predicts sales volumes.
• Through Spotfire, future can be predicted by analyzing the past and current data using statistical techniques.
• TIBCO Spotfire significantly reduces the cost of ownership by enabling users to handle hundreds of their end users over the Internet with the help of just one database.

Features of Spotfire

• Big Data Analytics: Spotfire can handle or analyze complex or large data.
• Content Analytics: Spotfire can analyze the content such as documents, news sites, customer conversation, and social media discussions to answer specific questions.
• Predictive Analytics: One best feature of Spotfire is that it can predict feature by analyzing past and current data.
• Data discovery and visualization
• Dashboard and analytics apps
• Advanced collaboration tools

Pros

• Ability to quickly identify outliers in datasets
• Aggregating data and presenting them in a dynamic chart
• Visually identifying clusters within datasets
• Pretty easy to get started with new users
• Providing interactive, customized reports and dashboard
• Handling multiple sources of data
• Paired with the cloud version, allows users to access the library from any place with an Internet connection

Predictive Analysis

• Predictive analysis consists of certain statistical techniques like Machine Learning, data mining, and predictive modeling that analyze current and historical data and predict the future happenings or unknown events.
• In Spotfire Predictive Analytics, we can anticipate emerging trends, take preemptive actions to minimize risks, and make better decisions with much greater confidence.
• Creating an operational dashboard and analytics dashboard has never been so easy.
• Spotfire makes it so simple to share and publish them directly to tablets or desktop through the zero-footprint web client. Because these capabilities are role-based, the analyses are shared securely, they are audible at will, and are preserved over time.
• This method encourages exploration and collaboration with the presentation of a clear message through an impressive display of data.
• Companies now are flooded with huge amount of structured and unstructured data from different sources, and it is quite difficult to analyze data.
• Nevertheless, the present-day data discovery techniques powered with AI and Machine Learning take data analysis to a new level. Spotfire allows data discovery, where we can search for data like a simple web search.

It has three predictive analytics platforms:

• TIBCO Spotfire Statistics Services
• TIBCO Enterprise Runtime for R
• Spotfire Predictive Modeling Tools