Spotfire, a division of TIBCO Software, today announced TIBCO Spotfire Operations Analytics, which allows customers to deploy real-time process-specific analytics applications and streamline business process control across the organization. The new software embeds event processing into Spotfire's next generation business intelligence platform. With this announcement, TIBCO offers the only event-driven, closed-loop analytics software on the market for achieving actionable, real-time business intelligence (BI).

"The TIBCO Spotfire Operations Analytics offering exemplifies the trend toward delivering real-time business control based on robust analytics, a concept IDC calls intelligent process automation. It provides business decision-makers with both immediate, actionable intelligence and an opportunity to discover root-causes for exceptions through an interactive interface," said Dan Vesset, program vice president, Business Analytics, IDC.

Unlike other products that notify users of problems, but don't initiate an action or fix, TIBCO Spotfire Operations Analytics closes the business process improvement loop by automatically preparing an interactive analysis application of a real-time process based on customer-defined rules. Using this single application on their desktop, business professionals can quickly perform root-cause analysis and then revise rule parameters to improve future business performance.

Leveraging Spotfire in-memory enterprise analytics and TIBCO run-time infrastructure, TIBCO Spotfire Operations Analytics includes:

-- dynamic key performance indicator (KPI) definition and syndication which provides a visual design-time environment for parameterized business rules

-- real-time Six Sigma process control using time-tested Western Electric rules

-- root-cause analysis and iterative KPI updates for closed loop process improvement

-- optional BPM integration for cross-organizational problem solving.

"Today's announcement is the latest example of TIBCO's ongoing commitment to providing a complete, real-time and event-driven infrastructure that organizations need to compete in the 21st century," said Vivek Ranadive, Chairman and CEO, TIBCO Software Inc. "The combination of TIBCO Spotfire next generation BI capabilities with TIBCO real-time infrastructure is successfully transforming the way customers interact with data and make informed decisions to directly impact business operations on a moment-to-moment basis."