TIBCO will be launching version 5 of Spotfire, its BI and analytics solution. With enhancements in its analysis engine and a newly re-architected in-memory engine, Spotfire 5 will boast improved performance when analyzing large amounts of data coming from sources such as Teradata and Oracle, and even data coming from Microsoft’s SQLServer Analysis service cubes.
Lars Bauerle, vice president of product strategy at TIBCO Spotfire, had this to say:
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. Spotfire 5 also extends beyond in-memory analytics with a new visual and interactive interface to directly query databases and cubes, harnessing the power of these external analytic engines to run calculations in-database, where the data resides, and then visualize the results. These capabilities are exactly what enterprises are looking for to be able to discover the value hidden in their data. High tech manufacturing, consumer packaged goods, retail, life sciences, and financial services will be early adopters as they pursue breakthrough business opportunities or look to avoid catastrophic risks.
Spotfire 5 will also count with TIBCO’s Enterprise Runtime Engine for R, allowing Spotfire to use R language, one of the most popular statistical languages in the industry.
Without a doubt, BI providers are racing to develop more efficient applications to address the challenge of big data analysis, with a focus on improving in-memory mechanisms to make them significantly faster.