My advice to others is if their business case is supported then they can receive a return on investment by using TIBCO Spotfire. However, if revenue is not generated they should use a less expensive solution, such as Power BI.

We’ve seen an ROI. There is a solid ROI.

For example, if you're talking about a banking or small banking industry or FFA industry where you have a mortgage and you have a collection, you can implement use cases like route optimization. You can implement use cases like the customer first to customer 360 degrees, and all of these cases actually give you complete value.

The ROI is relatively high, to be honest, especially with one single pane for everything, so you really don't have to worry about opening a different type of dashboard and can handle time management and all these things, so it can really actually scale up and doesn't create any boundaries.

ROI can be measured by how much time is saved by your analysts no longer needing to build reports. Typically, a core group of users build the Spotfire templates and everyone else in the organization analyzes information in the templates. Other than upkeep, once a template is built in Spotfire, your organization can analyze information and take action. Also, the time and sanity saved in no longer sharing PowerPoint slides or Excel spreadsheets throughout the organization can be priceless.

ROI can also be measured by the fact that Spotfire can integrate with existing IT infrastructure and existing IT expertise. Eg. Spotfire can make use of your existing SAS environment to apply SAS models and SAS expertise to data in Spotfire (which is then visualized).

On a per-user basis, we are saving several hours per week of analysis time. This has been especially impactful for analysts who had been spending as much as 20% to 50% of their time managing and summarizing data each week, and who now have time to generate more detailed analyses in less time. This leads to better insights into the data, and has resulted in more targeted actions to address improvement opportunities.

For ad-hoc analyses, Spotfire allows us to manage much larger datasets than we had ever been able to look at before. This has led to many breakthroughs in productivity, customer focus, supplier management, issue resolution, etc. It is difficult to quantify these situations, but in many cases, we believe we reach solutions faster with Spotfire than we would have done otherwise. In one specific case during our initial evaluation, a large team had been working on a manufacturing yield issue for a month without nailing down the root cause. We decided to apply Spotfire (then DecisionSite) to the data, and literally within 15 minutes we had narrowed the problem down to a specific piece of equipment at a supplier facility. What made this possible was the ease with which we could aggregate the data in ways we had not been able to do without Spotfire.

We realize ROI through less maintenance, one-time work, easy accessibility, and less manual work.

I do not have that figure

ROI depends on the maturity and adoption of the organization. Spotfire can have an exponentially higher ROI than what it costs, if implemented well, adoption programs are in place and users are trained.

It is an expensive product, but if you have the right data analyst to use it, the ROI can be quite high. This number depends on a lot of factors. How much analytics are you doing at the moment? How good is your data analyst?

It is worth investing in Spotfire.

It provides a great ROI.

The ROI is nearly impossible to calculate. 

We don’t charge for the Spotfire reports individually. It is difficult to calculate ROI, but the product is considered to be expensive.