Tibco is set to acquire Statistica with the deal set to augment Tibco’s analytics offering for advanced insights and IoT analytics.
The agreement to acquire data science firm Statistica will add new capabilities to Tibco’s analytics portfolio, with those new capabilities aimed at making it easier for data scientists to unlock the power of machine learning and leverage it in a variety of applications, such as those analysing the often large amounts of data produced in IoT systems.
Statistica will enable users to more rapidly uncover insights from source data. It will also become part of the TIBCO Insight Platform to empower a broader audience of business users with these analytical capabilities and allow actions to be triggered in related systems, ensuring insights turn into the best outcomes for the business.
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Statistica will provide rigorous modeling and validation tools for machine learning and deep learning, resulting in better answers, smarter decisions, and the right actions at the right time.