Is your procurement process lacking intelligent analytics?

procurement spend analytics

Procurement management in short is an efficient way to manage spend, using efficient optimization of suppliers, vendors and getting a visibility into spend across many dimensions with the aim to gain maximum savings. Some companies employ the use of a procurement management software to handle their processes, while others still prefer to manage their spend manually. However, in both the methods, what is found lacking is intelligent analytics.  Read More

Custom Predictive Modeling Dashboard Using Spotfire

Analytics based techniques enables us to improve decision making strategies in real time with help of using machine leaning models generated from historical data and analyzing their outcome on real unclassified data

CAPIOT analytics team have developed an indicative Spotfire Dashboard which can be used to generate, compare and deploy the predictive models. The following are the key components of the dashboard

  • Perform descriptive analysis of the data
  • Configure and generate machine learning models
  • Compare and deploy the most optimal model for generating risk score at real time.

The model is deployed on TIBCO Streambase for real time scoring on streaming data. Read More

Integrating BWPM Data in Spotfire and KIBANA

Many of us that used older technologies for reporting like Excel sheets are now accustomed to new interactive environment ma for reporting – tools like Spotfire.

As tools tend to look more interactive, people’s imagination and expectations grow. Their reaction to these new age reports are typically: “This is okay, but I want some thing more descriptive and easily understandable”, in spite of having managed for years and years on excel. Read More

Importing ElasticSearch Data into TIBCO Spotfire using R

ElasticSearch is fast-becoming one of the most widely adopted document storage solutions for machine data, especially when combined with tools like logstash that allow easy collection of information from log files. However, while Kibana (another open source project part of the ElasticSearch kit) is a very popular data visualization tool, TIBCO Spotfire remains one of the top tools in its ability to slice and dice data.

There are several situations where importing Elastic Search data into TIBCO Spotfire will yield interesting results. This blog post aims at covering one such example which explains how to bring data from Elastic Search into TIBCO Spotfire. Read More

aeSchema, XML, JSON and nostalgia

About a decade back, when I first installed the TIBCO proprietary messaging bus – TIBCO Rendezvous, also known as RV or TIBRV – at a customer location, it came across as a truly unique way of communicating between applications. Here was a logical bus, and all applications needed to do was to send or receive data on the bus over UDP broadcast. In fact, the two tools that TIBCO continues to ship to date, with the software, are tibrvlisten and tibrvsend.

Rendezvous at its time was truly innovative: it combined simplicity of use and setup with low latency and a neat architecture that combined TCP and UDP. Above all, it was so easy to troubleshoot, do a tibrvlisten “>” on the subnet and you could practically look at all the messages flowing in (also known in banking circles as major security breach, sometimes real, often exaggerated). Read More