Streaming analytics, also frequently called event stream processing, is the near real-time analysis of big data as it comes in. Data is one of the most valuable resources available to any organization, but many businesses are still failing at fully monetizing it. Data is only relevant when it’s current and accurate. With the volume and velocity that big data sets arrive with, there’s no way that legacy systems and traditional means can keep up. This is why advanced analytics are so crucial to any digital transformation initiative.
Event streams can be triggered by any action that results in a change of state, such as a financial transaction, an item leaving stock, interactions with IoT devices, and much more. Streaming analytics lets you continuously analyze all of your business processes, and it produces actionable insights that can help you improve your processes and cut preventable losses. Streaming analytics can even turn real-time data into easily understandable visualizations, so you don’t need to be a data scientist to understand the information you gather. If you want to find the best analytics solution for your enterprise, then you’ll need to check out the Forrester Wave Streaming Analytics report.
What is the Forrester Wave?
The Forrester Wave is a quarterly report compiled by Forrester Research to identify the most significant analytics providers based on a 22-criterion evaluation. It divides vendors into categories based on their strengths as follows: challenger, contender, strong performer, and leader. Information for the Forrester Report is gathered by a few key participants.
The Analyst: This is the resident expert at Forrester who sets the inclusion criteria, evaluation criteria, and the scoring framework based on their own expertise and publically available Forrester methodology. The analyst is responsible for all content that appears in the full report.
The Research Associate: The RA is, effectively, the manager of each report project who ensures that the project sticks to its proper schedule. They’re typically in charge of contacting participating vendors and participating in demonstrations and customer interviews. In the event that a vendor doesn’t wish to participate directly in the report, the process continues based on the Incomplete Vendor Participation Policy.
Vendor Response Team: These teams provide researchers with detailed information about their products, services, and market strategies. They’ll verify any information needed for the report and create product demonstrations to show off their best features. They may also suggest candidates for customer references.
Customer References: These are anonymous customers who share their experience with participants’ products. These brief interviews may be done by phone, or Forrester may send out brief surveys.
If you’re looking for a streaming analytics provider who can provide an excellent solution, even for beginners, then you need to look no further than TIBCO Software.
When it comes to classifying and ranking analytics solutions, scalability and ease of use are weighed the highest. Because of their excellent performance in Q2, TIBCO was named an industry leader alongside Microsoft, Google, Oracle, and SAS. TIBCO received the highest possible score in development, enablement, and market presence. TIBCO understands exactly what customers want from their analytics platforms, and they do their best to deliver robust solutions that are easy to use.
TIBCO gets particular praise for its visual, no-code development tools. This makes it easy for beginners and experienced developers alike to get the solution running, and it’s compatible with a wide variety of other systems, thanks to shared APIs. TIBCO Spotfire visual analytics also makes it easy to convert even the most complex patterns in data to easily understandable charts and graphs, so you can explain your findings to business leaders and stakeholders.