TIBCO Software Inc., provider of integration, API management and analytics solutions, has entered into an agreement with IHS Markit, provider of critical information, analytics and solutions for the major industries and markets that drive economies worldwide.
Through TIBCO Spotfire and related technologies, this partnership will deliver advanced analytics capabilities that provide accelerated and meaningful insights, by making vast amounts of energy data more readily available, as well as speeding up the exploration of data.
“IHS Markit and TIBCO mutually serve most of the world’s energy customers and by entering into this agreement will enhance exploration and production workflows through our acclaimed visualisation and analytical tools,” commented Name, Title, TIBCO Software. He continued: “This agreement marks a strong commitment to addressing this growing need for improved workflows by providing the analytics necessary to bolster interaction, accessibility and analysis capabilities for customers exploring critical data points and information.”
TIBCO Spotfire will be used to both enhance IHSM’s existing products as well as offer new solutions. Providing improved visualisation and integrated analytical tools to the energy industry, this agreement will propel IHS Markit in the increasingly competitive oil and gas information marketplace. The agreement will also benefit the mutual customers and prospective customers of IHS Markit and TIBCO in the energy and natural resources industry, by enhancing their ability to access, interact, consume, and analyse data.
Commenting on the partnership, David Hicks, IHS Markit’s SVP Energy & Natural Resources – Upstream said: “IHS Markit has been providing smart data and BI solutions to the oil & gas community for decades. By integrating at a fundamental level with one of the industry’s leading analytics platforms, we’re enabling energy firms to analyse core assets and extract value at levels never seen before.”