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TIBCO Software Inc. (NASDAQ: TIBX) announced that Walter and Eliza Hall Institute of Medical Research (WEHI), the first medical research institute to be established in Australia, will employ the TIBCO Spotfire® Analytics Platform to advance its drug discovery process by reducing the time it takes to filter and analyse millions of laboratory test results by more than 65 percent.
Today, life sciences organisations such as WEHI face significant pressure to identify and test potential novel drug therapies. To identify these molecule candidates, WEHI scientists test a bank of more than 350,000 compounds on a daily basis. With TIBCO Spotfire's interactive and visual interface, WEHI researchers will be able to spot trends, outliers, and errors in large data volumes of molecular compounds in assay results, and explore real-time hypotheses in various conditions.
"With TIBCO Spotfire, our ability to view trends in the data is greatly improved and we are now able to visualise our results in a real-time dashboard, identify and exclude the systematic errors as they occur, and run repeat samples as required," said Dr. Kurt Lackovic, WEHI's senior research officer. "Our ability to report the results to stakeholders has been greatly enhanced in terms of both quality and speed."
"Companies like WEHI serve as a prime example of how valuable TIBCO Spotfire can be to life sciences research organisations," said Ben McGraw, director of life science industry solutions for Spotfire, TIBCO Software Inc. "By giving their scientists the ability to eliminate errors, spot critical trends, and access data in real-time, WEHI can become more nimble and competitive in terms of delivering crucial, new drug therapies to market."