Spotfire’s simple integration of statistical models to discover relationships in data, logical ways to group data and recognize previously unknown relationships in large data sets.
More technical user requirements can be addressed by Spotfire’s predictive functions which enables users to use relationships in data to predict future course of action based on past analysis. For example estimate likelihood of customer responding to an offer.
Using Spotfire’s predictive analytics engine enables even the most sophisticated users to optimize constrained resources to determine the best possible outcomes.
To answer complex questions users are not required to be experts in advanced mathematics, statistics or computer science. They can use menus and pre build models without scripting. If these models do not meet the requirements, scripts can be used to leverage capabilities of Tibco Enterprise Runtime for R statistical engine (TERR) an enterprise grade analytic engine that TIBCO has built from the ground up to be fully compatible with the R language.
Genuine and authentic use of Advanced and predictive analytics::
- CRM analytics
- Geoanalytics and optimizing logistics
- Fraud detection
- Detecting best employees with multiple criteria
- Six sigma analytics in operations.
Additionally Spotfire is often used to discover insights in content and event analytics, i.e. getting insight into increasing unstructured or real time data.