Market Overview

TIBCO Jaspersoft - Embedded into successful enterprises


PALO ALTO, Calif., Sept. 25, 2020 /PRNewswire-PRWeb/ -- As organizations continue to invest in business intelligence software to encompass all business operations, business analytics has transitioned from being an elite tool to an essential tool. From the top floor to the shop floor, it has become central to every activity. Organizations are increasingly making all individuals proficient in applying BI and analytics for their distinct areas. It is no longer enough for business users to receive automated reports from elaborate and clunky data warehouses in the decade ahead and beyond. DataTerrain consultants have noted that instant reporting capabilities with augmented transactional analytics driving automation and decision support embedded in enterprise applications is trending to be the future of BI and analytics. Embedded analytics (EA) has seen significant successes in delivering the holy grail of excellent user experience while lowering costs as the business world increasingly turns to it. The global market for BI analytics products is expected to witness double-digit growth over the next five years to reach $50 B by 2025. A leading market research firm has forecast the market for EA tools to grow 40% faster than the overall BI and analytics market.

TIBCO Jaspersoft is the leader in the EA tools segment, with over 11000 customers across geographies. Its suite of flexible, cost-effective, highly interactive reports, dashboards, and analytics is widely deployed and integrates easily with any enterprise application to add value by enabling better decision-making. DataTerrain experts believe that TIBCO Jaspersoft is well-positioned to ride the EA wave and expand its market share from the current 1.6%. With the reputation being the leading BI platform in the world for Software Builders, TIBCO Jaspersoft has made significant in-roads in thousands of organizations worldwide. Here is a snapshot of its presence across different types and sizes of organizations –

1.) TIBCO Jaspersoft is popular among organizations of all sizes
2.) Due to its popularity amongst computer software and IT service companies that embed analytics in enterprise applications, TIBCO Jaspersoft is widespread and popularly used in a large number of organizations across almost every industry segment.

TIBCO Jaspersoft is different from most other BI Tools.

Understanding the unique needs of software builders and developers, the Jaspersoft platform offers a conscious balance of functionality and control. Some of the most intractable problems are simplified by out-of-the-box multi-tenant support, flexible APIs, and a large and growing community that continues contributing to an expanding knowledge base. TIBCO Jaspersoft has numerous building block components that enable developers to build intuitive user experiences exploiting the power of contextualizing data by embedding in enterprise applications. A rich repository of data visualizations can be embedded using a drag-n-drop web designer to enhance application user experiences with deep integration to web and mobile-web applications enabled by TIBCO's award-winning Visualize.js API.

Seasoned architects, developers, and SMEs from DataTerrain highlighted the following as unique features of TIBCO Jaspersoft -    

1. Embed in a snap – The API-first approach of TIBCO Jaspersoft gives developers unfettered access to all its functionality and simplifies backend and frontend integration. The award-winning Javascript framework leverages powerful backend services like REST to handle SSO (single sign-on), data access, multi-tenancy so that embedding reports and dashboards into user interfaces is greatly simplified.

2. Unmatched flexibility – TIBCO Jaspersoft is data and architecture agnostic and built on an open-source foundation, giving it the ability to connect to any kind of data source. It can be easily deployed on any topology as on-prem, cloud, or hybrid, and it fits seamlessly in containerized and microservices-based architectures. TIBCO Jaspersoft source code is easily customizable, and custom features can be created and deployed for specific needs.

3. User-centric design – Personalized design and consumerized user-experience are made easy by TIBCO Jaspersoft and are known to create a "Wow" with users. Visualizations and pixel-perfect reports are supported through an extensive array of out-of-the-box and custom components.

Customer success stories with TIBCO Jaspersoft

1.) One of the world's largest independent Oil and Natural gas exploration and production companies based in Texas implemented an open real-time drilling system in 3 months by using TIBCO Jaspersoft to integrate data from multiple sources across about 20 oil rigs. With latency reduced from 15-20 seconds to about 1 second, the analytics and algorithm provide real-time guidance to drillers on planned well-path and any deviations to be corrected during drilling operations. This has resulted in significant operational cost savings.

2.) A leading bank improved new customer revenue by 20% due to the improvement in understanding of customer interactions through enhanced data visualization integrated into the core banking system. Real-time insights provided during customer dialogs led to enhanced customer service, faster conversion, and reduced advertising costs.

3.) A leading IT solutions provider specialized in shipping, terminals, and marine logistics embedded TIBCO Jaspersoft and cutdown deployment lead time by 60% to 2 months. The resulting automation in terminal operations and improved user understanding through data visualizations improved real-time decision making and enhanced automation. Augmented analytics has enabled the integration of augmented reality tools to improve safety and train employees on terminal operations using virtual reality tools.

4.) An organization that powers the financial future of individuals and organizations worldwide innovated using the data visualization and insights from TIBCO software to help the invisible credit population. Time to market improved by 75%, innovative new products increased revenue, and selling and reporting became easier, resulting in significant improvement in brand image.

5.) A global manufacturer of polycrystalline silicon for semi-conductors instituted a data-driven culture across teams and improved operations by optimizing processes for reducing costs. Over $1 million worth improvement opportunities were identified quickly, and the resulting initiatives also increased revenue.

DataTerrain forecasts that TIBCO Jaspersoft would continue to rapidly embed analytics in core applications and drive significant value for customers. TIBCO Jaspersoft has all the ingredients to grow much faster than its competitors and gain a disproportionate wallet share in this fast-paced decade.


SOURCE DataTerrain Inc

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