How TIBCO is Enabling Digital Transformation
TIBCO is a company that provides integration, analytics and event-processing software for companies to use on-premise or as part of cloud computing environments. Earlier this month TIBCO held their 2018 edition of TIBCO NOW: Innovation at the Edge conference in Las Vegas, and released a flurry of announcements. With companies transitioning from digital transformation strategy to implementation, the event focused on how businesses can continuously adapt with innovation, and operate at the cutting edge. Innovation is the key to differentiation.
“As technology and data provides more opportunities to innovate, companies are learning that this change is no longer optional,” said Thomas Been, Chief Marketing Officer. “Leading with innovation is the key to staying ahead of the competition. This year at TIBCO NOW, we will explore what it takes to lead with innovation, and how the TIBCO Connected Intelligence Cloud drives digital transformation and build innovative organizations that utilize AI, IoT, and blockchain across industries such as financial services, healthcare, manufacturing, and more.”
At the event TIBCO revealed enhancements and changes to current products, as well as announcing new projects. Here is a recap below:
TIBCO Adds Enhancements to TIBCO TCIC
They have added new capabilities for the TIBCO Connected Intelligence Cloud (TCIC). TCIC is a platform that allows teams to “interconnect disparate data, identify operational issues or future opportunities, and turn insights into actions,” the company explained. By adding new capabilities and products, users will be able to access more customizations and simple-to-use functions.
New products to the TCIC family include TIBCO Cloud Events, TIBCO Cloud Nimbus, TIBCO Cloud Starters, and TIBCO Cloud AuditSafe, which is in beta.
Current products that have been enhanced include TIBCO Cloud Integration with TIBCO Scribe functionality, TIBCO Cloud Mashery, TIBCO Mashery Local, TIBCO Cloud Live Apps, and TIBCO Cloud Spotfire X.
“At TIBCO, we believe that innovation is driven by taking a human approach to data, not simply by increased digitalization,” said Matt Quinn, Chief Operating Officer. “Our goal with the expanded TIBCO Connected Intelligence Cloud is to create an enterprise-scale platform that augments organizations’ intelligence and humanizes digital analysis. We listened to our customers’ needs, focusing on a seamless user experience, faster speed to market, and the ability to interconnect TIBCO offerings to create dynamic business applications.”
TIBCO Announces A(X) Experience for Spotfire
A(X) Experience for TIBCO Spotfire, will be released in the fall. The A(X) Experience is an AI-driven analytics solution that combines data exploration with natural language processing, machine learning recommendations, and model-based authoring. Essentially, it will allow the user to ask the question in plain English and the machine learning will look for data structures that you hadn’t noticed and recommends trends that business people might find useful, allowing users to create commands to direct what data is processed, all in real-time. According to TIBCO, the solution will enable users to humanize their data and make decisions faster.
TIBCO’s goal when designing this solution was to be able to use AI to add to users’ knowledge, magnify their skills, and simplify decision-making. A(X) compliments Spotfire by surfacing machine learning guidance and recommendations as users explore, according to the company. When a user types a request, Spotfire will create visualizations and make suggestions based on the results.
“Companies around the world have more than enough graphs and charts; what they are searching for is faster insight and better decision-making,” said Brad Hopper, Vice President, Analytics Product Strategy. “We started investing in AI-driven recommendations several years ago, and we are very excited that, with the A(X) Experience, we have both simplified the practice and increased the power of exploring data. Business users just getting started can nevertheless make important discoveries, and experienced analysts can get their results even faster. We believe the A(X) Experience will help companies get more return from their investments in people and data.”
TIBCO Data Science Makes its Debut
The company also announced that its cloud marketplace for TIBCO Data Science will soon be available exclusively on the AWS Marketplace. TIBCO Data Science enables data scientists to securely collaborate using Big Data and machine learning capabilities. So what does this mean? According to the company, TIBCO Data Science removes the need for complex code, enabling citizen data scientists to create code-free workflows for data transformation and machine learning.
It also offers integration with Jupyter Notebooks, which allows users to share documents containing code. By enabling users to share data, set project milestones, and manage project resources, the solution facilitates collaboration among data scientists, citizen data scientists, engineers, and business stakeholders.
By executing data preparation and machine learning computations directly using AWS resources, TIBCO is able to do away with the need to move data.
TIBCO LABS Allows Customers to Collaborate
TIBCO has announced the creation of TIBCO LABS, this will allow customers and partners to participate in the development of solutions for challenging problems of today. It will also showcase new capabilities and provide an early look at emerging technologies such as blockchain, AI, and machine learning.
“The launch of TIBCO LABS marks a new era of innovation at TIBCO,” said Nelson Petracek, Chief Technology Officer. “With TIBCO LABS, we offer our customers and partners an active voice in cultivating the future of the TIBCO Connected Intelligence Cloud. We’re excited to collaborate with our broad ecosystem to build the next wave of relevant, valuable integration and analytics offerings.”
The first set of inital TIBCO LABS projects include:
Project Cloud Conversations: Delivers insights through conversations by empowering users to ask questions to gain deeper knowledge from their data and focusing on new ways for people to explore and interact with data.
Project Dovetail: Provides a graphical interface for modeling smart contracts, making them easier to write, visualize, test, and audit, all without deep programming experience. Logic is abstracted from low-level code, and contracts can be deployed into different blockchain stacks with little or no change.
TIBCO MyPartner app: Allows organizations to better collaborate with business partners by accelerating request resolution and streamlining interactions, all while enabling quick and effective decision-making.
TIBCO Risk Investigation app: Empowers users to tap into a comprehensive set of capabilities to improve risk management, speed up the investigation of any suspicious transaction, and strengthen collaboration across the enterprise.
It's normal to want to maintain the status quo but businesses today really need to focus on keeping up with innovation. TIBCO is really bringing innovation to its customer and partners. With the digital revolution happening right now: terms such as big data, cloud, IoT, Industry 4.0, smart cities and data economy are changing our lives in new and exciting ways.
The status quo only works for so long. If you're going to keep your doors open, you have to innovate. You need to take the risks that come with innovation so you can enjoy all of the rewards. TIBCO is making great strides!