Whether you’re operating a small business or an enterprise-scale organization, taking advantage of these analytics paves the way for actionable insight. With the proper data virtualization software, these real-time analytics can lead to smarter decisions and faster decisions. One of the companies at the forefront of these virtualization tools is TIBCO, a leader in the forefront of data expansion and the understanding of data sources.
What is data virtualization?
Data virtualization software acts as a bridge across multiple data sources, bringing critical decision-making data together in one platform with a standardized format to fuel analytics. This is a modern data layer that enables users to access, combine, and deliver datasets faster than ever before and without the need for physical data warehousing. TIBCO data virtualization software gives easier and immediate access to data housed throughout big data sources and cloud systems. With these advanced analytics, business intelligence tools are easier than ever to utilize.
Oracle, Impala, and Amazon Redshift are just some of the big names that allow for this data management software to inform business decisions that change data governance and make these brands industry leaders. TIBCO takes these varied sources and handles each query with a highlight on what analysts are trying to find within a given data layer to dictate decisions that can better utilize data exploration. Data virtualization software also creates guidance for business users to be given select access for the sake of role management of these sources.
How does it work?
Data virtualization allows for robust management and governance, delivering self-service access to critical data and making it available in a cost-effective manner. Most data virtualization implementations start small and expand, as is the goal of any business. This is a common way to get in on the ground level essentially, and then branch out with the influx of data sources. Teams handling data from multiple use cases need the ability to control their workload while completing tasks in a reasonable amount of time for each project.
TIBCO technology works to deliver project datasets as the data layer is being built. This addresses challenges involving multiple data sources and real-time information to make sure that this business data is being absorbed of all of its assets. Master data management analysts prioritize virtuality based on business value and ease of implementation. A data warehouse can prove to have greater business value as it continues to expand. Data virtualization, and those who operate with the platform, work to make sure all connectors in a place best understand their information.
Who can use it?
Multiple lines of an industry can take advantage of a TIBCO virtualization platform. The communications and technology sector uses data virtualization solutions to differentiate their market research services to optimize customer care, building a virtual customer data silo to enable personalization to better increase revenue and improve insights. This can even alter advertising to suit the customer or vendor. In the energy industry, available data through this software can identify issues that could be hindering upstream production, while also providing details that could improve maintenance and repair.
In the financial services field, the credentials of a data virtualization platform can improve trade reconciliation and accelerate client onboarding. This empowers data democracy and enriches cash management clients. Within the healthcare and pharma industries, data virtualization solutions help to drive new product innovation that can be a game-changer for patients and doctors alike. This includes more efficient claims analysis and improved patient care. Perhaps the most common presence of these virtualization tools is in manufacturing, optimizing factories, logistics, and a global supply chain. It’s all in the name of bettering business.