Best tool for monitoring real-time data and analyzing time series data
Updated November 04, 2014

Best tool for monitoring real-time data and analyzing time series data

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Software Version

Datawatch Desktop

Modules Used

  • Real-time
  • Time series

Overall Satisfaction with Datawatch

Used Datawatch Desktop to analyze marketing data in the sales and marketing departments. For example, we used data from our website, including number and frequency of visits, forms completed, time spent on site, and other factors and visually correlated that information with sales opportunities in the CRM. The visualizations made it obvious when a prospect's behavior on the website did not match the likelihood-to-close percentage provided by the salesperson. When there is a discrepancy, the sales manager can intervene and help the salesperson better qualify the lead.
  • Ability to access and visualize real-time streams of data coming in from message buses, real-time Excel, or CEP engines
  • Ability to visualize true time series data stored in column-oriented, in-memory databases
  • Ability to support SAP HANA databases
  • Setting up visualizations with time series data requires a good understanding of how the software works. I would like it to be more intuitive. Having said that, time series data is inherently complicated and I don't see any obvious ways to make it simpler. But I'm not a software designer myself; they could put more resources into the user experience.
  • Their video training is really helpful and they have a big library of videos, but the videos get out of date as they come out with new versions. I can imagine that it's difficult to keep all the videos updated, but it would be great if the videos were always using the latest major version of the product.
  • They need more visualizations. They have a pretty big collection now but it seems like there is often some other way to present and visually analyze data that would be a better/tighter fit with requirements than the visualizations available in the standard product. I understand it is possible to add more visualizations - custom visualizations - but that's beyond my expertise.
Datawatch is very good value of money compared to QlikView; QlikView is really more of a BI tool and has a lot of functions that I didn't need. Datawatch is very strong in the real-time area where Tableau, Panorama, and Qlik don't do very well. If you need to set up a visual monitoring dashboard, Datawatch is the best product I've seen for that. if you want to do a lot of in depth statistical analysis of large databases, Tableau is probably a good option.
Experience with the product makes it easier to stick with it and I'm seeing a lot of very positive stuff coming up in the newer versions. The support team has been extremely helpful when I've needed it and the people there are really interested in doing good work and they're really into visualization, which I appreciate.
The product is especially useful when you have real-time and/or time series data to analyze. If you have more mundane, simpler requirements, other products might do the job you need for less money (there are even some decent open source visualization tools you can find.) I know the product is very widely used in capital markets applications to monitor and analyze risk and price and volume changes; if you're working in that area, I don't think there's a better tool to use.