Life sciences trend analytics and asset comparison software provider Relay Technology Management (Relay TM) has selected the TIBCO Spotfire analytics platform to enhance its Business Development Live (BD Live!), a real-time business intelligence and data visualisation application for life science professionals.
BD Live! aggregates and visualises structured and unstructured data from a list of life sciences sources, including more than 27 million data points that are updated daily.
TIBCO Spotfire Life Science Industry Solutions director Ben McGraw said the ability to identify licensing opportunities and perform asset scouting and benchmarking via a dimension-free data exploration environment is a major leap forward for the life science industry.
"This is the first unified data solution to pull together these massive Big Data sources to deliver real-time, intuitive search to life science business development and corporate strategy professionals," McGraw said.
Relay TM co-founder and managing director Brigham Hyde said BD Live! had to be accessible and to facilitate self-discovery as well as allow users to evaluate ideas without re-running reports and risk using stale information.
"We chose TIBCO Spotfire as the front-end for BD Live! over other data visualization players evaluated, because, as a platinum certified Attivio partner, it can connect directly to AIE so it can perform free text queries to search documents directly, and it connects to R for statistical modeling," Hyde said.
The Relay Innovation Engine, which BD Live! is built on, utilises proprietary ontologies and data architecture that leverage TIBCO Spotfire visualisation-based data discovery as the front-end, and Attivio’s unified information access technology in the back-end.
"Spotfire, combined with Attivio’s Active Intelligence Engine (AIE), enables us to deliver greater insight across a broader range of data for our customers – the ability to free text search through document sets directly, which allows users to create custom cuts of data visualisations."