TIBCO whitepaper
Data Science in
Operations
Today’s fast-changing business climate demands real-time
visibility and up-to-the-minute recommendations from data
and analytics. Companies must both protect and leverage
data; there’s a tension between providing the utmost security
and governance and getting the most insight from analytics.
This becomes more challenging as data volumes and sources
increase, challenging companies to keep up with growing data
and the insights it contains.
Your organization can achieve data-driven leadership amidst
competitive threats and global disruptions by intelligently
connecting data sources, maintaining access to accurate data,
and fueling insights and predictions with real-time data.
This whitepaper explores key data science capabilities and how
they can drive innovation in specific industries, demonstrating
how some industry leaders are already succeeding in the field.
Why Your Business Needs Data Science
Data science is a multi-disciplinary approach to finding,
extracting, and surfacing patterns in data through a fusion of
analytical methods, domain expertise, and technology. Data
science includes the fields of artificial intelligence (AI), data
mining, deep learning, forecasting, machine learning (ML),
optimization, predictive analytics, statistics, and text analytics.
1 “Data and AI Leadership Executive
Survey,” NewVantage Partners, 2022.
95% 92% 73%
of Fortune 1000 of executives of leading
2 ibid.
organizations cite measurable organizations
3 ibid. undertaking results for have employed
some form of data and AI a chief data and
pilot or AI rollout1 investments2 analytics officer
(CDAO)3
TIBCO whitepaper | 2
Your business needs data science to seize opportunities, lower
costs, and increase efficiency using past and present data and
knowledge to predict what might happen in the future. While
basic business intelligence (BI) can provide a snapshot of
your operations, advanced data science provides the ability to
forecast future trends or outcomes for a deeper understanding
of your business. Hyperconverged analytics offers a wider
set of capabilities to deal with challenges that traditional,
rearview BI cannot, enabling strategic decision-making for your
company’s future.
Common Methodologies
Hyperconverged analytics brings visual analytics, data science,
and streaming capabilities together in a seamless experience
that delivers immersive, smart, and real-time business insights
in an easy-to-use and tailored way. Here are some common
methodologies included in hyperconverged analytics:
Predictive Analytics
Predictive analytics uses data to model forecasts about the
likelihood of potential future outcomes. It uses historical and
current data combined with ML to model unknown future
events. Predictive analytics can help you assess potential risks
or optimize operations.
AI/ML Models
Artificial intelligence (AI) is the simulation of cognitive processes
with computer programs. Machine learning (ML) is an application
of AI where computer programs use algorithms to find data
patterns. Deep learning is a subfield of ML that creates artificial
neural networks, similar to how a human brain works to analyze
images, video, and voice analysis. AI/ML-based models can predict
potential outcomes or behavior, sustain accuracy in manual
processes, or power virtual assistants.
Data Mining
Data mining helps teams answer questions they can’t handle
with basic query or reporting techniques. It is data exploration
and analysis that uncovers meaningful patterns or rules.
Data mining, combined with AI, can include search engine
algorithms or recommendation systems.
Streaming Analytics
Streaming analytics derives insights from a real-time data
stream, using continuous queries to analyze data from multiple
sources and scoring models in real time (in the case of anomaly
detection). Some examples of streaming analytics applications
include health monitoring systems, traffic monitors, and
financial transactions.
TIBCO whitepaper | 3
Data Science Industry Use Cases
Many innovative organizations today are investing in data science.
Financial Services
Financial service institutions need access to dynamic pricing
and intelligent fraud detection applications to compete with
fintech disruptions and respond to increasing cybersecurity
concerns. With dynamic pricing, insurance companies can
reduce losses with greater underwriting insight and increase
earned premiums by identifying profitable customers—with the
latest models, ML, and AI techniques. Banks can increase their
operational resilience with fraud and risk management analytics
developed to prevent problems before they occur.
AA Ireland, a home, motor, and travel insurance provider,
wanted a robust, future-proof analytics solution. With its
new TIBCO solution built on TIBCO Connected Intelligence,
the insurer can simultaneously optimize pricing, provide
360-degree views of customer data, meet regulatory
requirements, and prevent fraud.
VISUALIZE AND ANALYZE
ANALYTICS
HISTORICAL DATA STREAMING TRIGGER
DATA WAREHOUSE, SERVER
COMMISSIONS DATA LAKE OR OTHER
EXISTING REPOSITORY
REFERENCE
PUSH REBASED MODEL TIBCO SPOTFIRE LIVE PRICING AND MODEL
REPOSITORY TIBCO DATA SCIENCE PERFORMANCE REPORT
SPOTFIRE AUTOMATION SERVICES
REBASE MODEL - UPDATED DATA
WRITE QUOTE AND
ACCEPTANCE
MODEL DIAGNOSTICS
REGULATORY REVIEW
QUOTE REQUESTS
QUOTE MANAGER REAL-TIME +
REAL-TIME
MODEL MANAGER CONTEXT
QUOTES DATAMART
DASHBOARD
QUOTE RESPONSES
TIBCO STREAMING TIBCO SPOTFIRE DATA TIBCO SPOTFIRE
IN-LINE DATA PREP TO MATCH MODEL STREAMS
4 [Link]
According to Colm Carey, former CAO at AA Ireland,
ireland “You don’t sit in an IT queue for a year and a half. You
build a model yourself and generate a lot of revenue for
the company. It’s that power. You can build it, and you
have the computational power to do things like fraud
identification and embedded customer value, and update
those models in live environments.”4
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Manufacturing
Defects in products are costly and wasteful. Manufacturers
need to increase yield and reduce costs to increase potential
profits. Leading organizations use historical and real-time data
from systems and suppliers to create AI models that detect
and can help prevent quality issues before they occur. With IoT,
integration, data unification, and ML, you can:
• Automate root-cause analysis
• Detect and classify defects
• React in real time to proactive alerts
• Dynamically learn to improve quality and reliability
Hemlock Semiconductor (HSC), a global producer of
polycrystalline silicon for semiconductors, wanted to
remain competitive in the global industry. With TIBCO, the
manufacturer re-engineered its manufacturing process using
real-time process monitoring to maximize output, efficiency,
and quality. HSC reports monthly savings of $300,000 from
optimized resource consumption.
According to Kevin Britton, program manager at HSC, “With
TIBCO, we’re connecting data in ways we never could
before, which helps us better manage maintenance and plan
improvements. We are able to confirm where we are doing
things most efficiently and track our performance, which is a
key enabler to being able to improve.”5
Transportation
Costs increase as the need for maintenance increases.
Scheduled maintenance is resource-intensive as it involves
some level of unnecessary checks and part replacements.
However, if you don’t schedule maintenance, you end up with
urgent and unplanned maintenance, which is expensive as it
typically involves longer down-time and bigger repairs. What if
you could find the optimal time to maintain your assets?
With reliability analysis and predictive analytics, you can. TIBCO
Spotfire analytics makes predictive analytics easy, consumable,
and accessible for everyone. Out-of-the-box, Spotfire
software provides one-click data science with statistical and
ML methods to predict real-time outcomes, helping all users
improve their efficiency.
5 [Link]
Trains run better on data. Siemens Mobility, a leading railway
hemlock-semiconductor
provider in Germany, partnered with TIBCO to achieve its goal
of 100 percent asset availability for transportation provider
customers. Siemens deployed a robust analytics solution
with predictive maintenance and edge computing that helps
anticipate train failures and breakdowns. With advanced data
analytics at the edge, Siemens saw a 30 percent reduction in
the lifecycle costs of its customers’ trains.
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According to Gerhard Kress, vice president of data services
at Siemens Mobility, “We use TIBCO Spotfire software for
advanced analytics and data cleansing, and with Railigent
and Spotfire software, customers have seen a decrease in
unplanned downtime by 30–50 percent.”6
EVENT-DRIVEN ARCHITECTURE: RAILWAY EXAMPLE
TIBCO TIBCO TIBCO TIBCO TIBCO
MAINFRAME CLOUD MESSAGING, EVENT DISTRIBUTION EVENT PROCESSING DATA VIRTUALIZATION DATA SCIENCE,
APPS INTEGRATION SPOTFIRE
TRAIN TERMINAL
TRAINS TRAINS
EVENTS DWELL
API RAILCAR TRAIN
EQUIPMENT EQUIPMENT
MANAGEMENT EVENTS SPEED
JAVA APPS
EVENT PREDICTIVE
CREW
DRIVEN CREWS CREWS
EVENTS EVENTS MAINTENANCE
OMI CLOUD
LOCATION VELOCITY
NATIVE LOCATION LOCATION
.NET APPS EVENTS KILLERS
METADATA
DRIVEN SUPPLY CHAIN SUPPLY SUPPLIERS, SERVICE
EVENTS CHAIN CUSTOMERS DELIVERY
EVENT
NOTIFICATIONS, STATE DATA
DATABASES COLLECTION PROFITABILITY
CHANGES STORES
Operationalize Data Science with TIBCO
No matter your industry, you need to democratize and
operationalize data science across your organization. TIBCO
Connected Intelligence software helps organizations innovate
and solve complex problems faster to ensure predictive
findings quickly turn into optimal outcomes.
To get started with data science, your company needs to
integrate your system architecture and access trusted data to
spark optimal insights. TIBCO Connected Intelligence has all
you need from one vendor, featuring cloud integration, data
fabric, and hyperconverged analytics.
Cloud Integration
Digital business excellence requires smarter, connected
apps, faster development, and cloud adoption. Data holds
100 percent of your business opportunities. Unlock business
value with the ability to access and activate that data for your
6 [Link] people, processes, and systems. Enable your IT and business
siemens-mobility stakeholders to connect all your apps, data sources, and
processes—in the cloud, on-premises, or on-device.
TIBCO whitepaper | 6
Agile Data Fabric
Reimagined customer intimacy, operational excellence, and
business reinvention efforts require intelligent management of
every kind of data—meta, reference, master, transactional, and
streaming. Managing this diversity with logical governance
and consistency is the objective of TIBCO’s line of data
management products. Enable your team with the capabilities
required for better data access, trust, and control.
Hyperconverged Analytics
Successful data-centric enterprises have mastered the data-
to-insights-to-action journey and built a continuous, real-time
loop of learning and adaptation. By predicting and acting on
discovered opportunities, they sustain innovation and optimize
their business processes, operations, and customer experiences.
Enable your team with analytics and data science to find
meaningful insights from data and confidently predict and
deliver the next wave of success.
With TIBCO, digital leaders like you successfully realize their digital
journey and unlock the potential of their data in extraordinary ways.
Learn more at [Link]/connected-intelligence.
Global Headquarters TIBCO Software Inc. unlocks the potential of real-time data for making faster, smarter decisions. Our Connected
3307 Hillview Avenue Intelligence platform seamlessly connects any application or data source; intelligently unifies data for greater
Palo Alto, CA 94304 access, trust, and control; and confidently predicts outcomes in real time and at scale. Learn how solutions to our
+1 650-846-1000 TEL customers’ most critical business challenges are made possible by TIBCO at [Link].
+1 800-420-8450 ©2022, TIBCO Software Inc. All rights reserved. TIBCO, the TIBCO logo, and Spotfire are trademarks or registered trademarks of TIBCO Software Inc. or its
subsidiaries in the United States and/or other countries. All other product and company names and marks in this document are the property of their respective
+1 650-846-1005 FAX owners and mentioned for identification purposes only.
[Link]
