Analytics and data management - TIBCO's solutions for data-driven business transformation
TIBCO Software is an old player in the IT world, but not yet very well known in data management and analytics in Finland. TIBCO (The Integration Bus Company) started in the Silicon Valley in the late ‘90s by making innovative software for automating transactions in the financial world.
Since then, this player that originally specialized in integrations has become a world-class software vendor in the field of data management and analytics as well. It has happened through a long history of development and several business acquisitions.
In early 2020, Enfo and TiBCO signed a strategic cooperation agreement. TIBCO offers excellent software platforms for building modern information services, which can be used to implement data-driven business. The product range effectively complements the offering of Enfo's existing technology partners. The cooperation opens up new opportunities for Enfo to build even better customer solutions cost-effectively.
The cooperation with TIBCO opens up new opportunities for Enfo to build even better customer solutions cost-effectively.
TIBCO currently categorizes its own product offering into three areas: Connect, Unify and Predict. Coincidentally or not, the classification roughly follows the traditional data warehousing formula.
- Connect: Establishes connections to data sources for accessing data through interfaces.
- Unify: Describe, transform and combine the data into a useful, unified format
- Predict: Use the information obtained from the data first to understand the current state, but even more importantly, to predict the future in order to be able to act wisely.
What kind of solutions does TIBCO offer for data management and utilization? Well, there are dozens of products in the portfolio. I will go through just a few of them that have become particularly interesting from our point of view.
TIBCO offers dozens of solutions for data management and utilization.
TIBCO Streaming is a solution for real-time analytics that is especially useful when lightning-fast automatic response to events is required. The product includes more than 150 ready-made interfaces for various data sources and message queues, as well as a graphical management interface, which significantly speeds up development and system management work compared to traditional coding.
Apache Kafka is a commonly used open-source distributed messaging system used to connect data sources and data consumers. TIBCO provides productized enterprise-level support to Kafka.
TIBCO Data Virtualization is a full-blooded product for data virtualization. In data virtualization, scattered data from different systems is made to look unified. In principle, virtualized data is retrieved from its sources only when it is needed. Data transformation and retrieval occurs independently of physical storage using unified techniques within the data virtualization platform. TIBCO's product includes, e.g., a wide range of ready-made interfaces for various data sources, a scalable MPP processing engine for data transformations, and REST- and database-type publishing interfaces for data distribution.
TIBCO Cloud Metadata is a recent solution developed by TIBCO for managing all types of metadata, including data catalogs, business metadata and data lineage, all obtained from various sources. It can be used to build visibility into various sources of information for a company or organization. This SaaS-based solution launched in summer 2020 and effectively complements, e.g., data virtualization.
TIBCO EBX is one of the world's leading domain-independent master data management solutions. The product includes functionality, e.g., data versioning, workflow implementation (approval procedures), hierarchy management and data quality control. In addition, the user interfaces for entering and editing data can be created using the product's functionality.
TIBCO Data Science includes two separate operating environments, Statistica and Team Studio. Team Studio is a cloud-based, browser-based work environment where data scientists and self-service users can work together to process machine learning models and implement data transformation processing. The visual interface is built by combining drag-and-drop functionality with code management in Jupyter Notebook. Communication is based on a Slack-type platform. Statistica is a workstation-based user interface software that provides data scientists with 16,000 ready-made functions for building various processes. R and Python code can be seamlessly included. Models produced with Tibco data science tools can be used, for example, via Sporfire, or by using the TIBCO Enterprise Runtime for R (TERR) platform.
TIBCO Spotfire is one of the most comprehensive analytics solutions on the market. Spotfire includes, e.g., functionality for researching data, presenting observations, making dashboards, building metrics, and data visualization. The specific strengths of the tool are found in its predictive analytics and real-time analyses.
TIBCO Jaspersoft is an open-source reporting platform, the strengths of which can be found especially in embedded reporting and dashboards, as well as in the mass distribution of reports.
So the current TIBCO is much more than just integrations. Modern data management is also a lot more than just data integration. TIBCO's products serve modern information management and data-driven business transformation especially well.
Mika Naatula is CTO of Information Management at Enfo. He has over 20 years of experience in data management and analytics with a mission to improve data utilization through sustainable management.