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Altair Announces Altair RapidMiner: One Converged Platform for Data Analytics and Artificial Intelligence

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Altair (Nasdaq: ALTR) has rebranded its entire data analytics and AI suite as Altair RapidMiner, unifying various technologies into one comprehensive platform. This follows the acquisitions of RapidMiner and World Programming. The new platform provides end-to-end solutions, enabling organizations to modernize their data frameworks and operationalize AI initiatives. Key features include the ability to scale AI without a large team, ease of data extraction, modernization of legacy systems, and rapid model production. Additionally, Altair's Units licensing model aims to democratize access to these tools.

Positive
  • Rebranding to Altair RapidMiner enhances market positioning and consolidates data analytics services.
  • End-to-end platform capabilities allow for modernization of data analytics processes.
  • Scales AI initiatives without requiring extensive data science teams.
  • Offers ease in data extraction and preparation from various sources.
  • Provides solutions for modernizing expensive legacy systems.
  • Facilitates faster operationalization and continuous monitoring of AI models.
  • The Altair Units licensing model democratizes access to analytics tools, improving affordability.
Negative
  • None.

Comprehensive end-to-end solution delivers Frictionless AI

TROY, Mich., March 16, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), announced the rebrand of its entire data analytics and AI suite as Altair RapidMiner, uniting all data analytics technology into one platform. Following the acquisitions of RapidMiner and World Programming, the Altair RapidMiner platform offers comprehensive end-to-end solutions from data ingestion and modeling to operationalization and visualization. Additionally, the platform is now available via Altair Units, delivering a new generation of Frictionless AI capabilities to customers.

"Altair RapidMiner removes barriers to effectively connect three of an organization's most important assets: data, people, and processes. With an unrivaled and complete set of tools to transform organizations, we are paving the way to a frictionless future," said Sam Mahalingam, chief technology officer, Altair. "The platform enables users of all skill levels to accelerate projects from idea to production, modernizes legacy environments, and caters to enterprise needs with desktop and cloud offerings. We meet you where you are and evolve with your company, wherever you go in the future."

The Altair RapidMiner platform delivers breadth and depth across the analytics lifecycle with unique capabilities that overcome the most challenging obstacles organizations face along their digital transformation journey.

Most notably, Altair RapidMiner:

  • Scales AI initiatives without requiring a big team of data scientists or expensive services engagements. Organizations can upskill their workforce so users from novice to expert can leverage the tools needed to provide data-driven insights.
  • Empowers users to extract and prep data easily from any source, working with reports and PDFs that are core to the business.
  • Alleviates the pressure of modernizing expensive legacy environments. Teams can create, maintain, and run SAS language programs, models, and workflows directly in a multi-language environment (e.g. Python, R, SQL).
  • Gets more models into production. Teams can operationalize models faster and monitor them continuously across one shared MLOps environment.
  • Processes and displays massive amounts of fast-changing data. Users can build sub-second streaming, batch, and business intelligence (BI) data applications.

Whether an organization requires end-to-end or composable analytics, Altair RapidMiner enables customers to deliver the right tool at the right time to their diverse teams.

Upskill Your Organization

In addition to the Altair RapidMiner platform, Altair helps organizations shape their data analytics programs and upskill their employees with the Center of Excellence (CoE) methodology. The CoE identifies the highest priority use cases and helps tackle those first, upskills the business line teams so they can address data analytics problems themselves, and trains everyone – from business analysts to data scientists – to use the right tools for the problem. 

Training is available through the Altair RapidMiner Academy, which provides self-paced, persona-based learning for users of all skill levels and industries. These programs offer bite-sized learning alongside curated courses and pathways, designed to match roles, knowledge domains, and skill levels.

Altair Units: Freedom, Flexibility, and Value

Historically, the data analytics sector has revolved around named-user pricing that drives up costs and limits access. Altair Units – Altair's gold standard software licensing system – democratizes access to data analytics solutions while simultaneously making it more affordable than ever to access these tools. The ability to access all of Altair's data analytics and AI products via Altair Units gives users the flexibility to run software anywhere, the freedom to choose what software tools they need when they need them, and unparalleled value that maximizes use and minimizes cost.

To learn more about the Altair RapidMiner platform, visit Altair booth #643 at the Gartner Data & Analytics Summit in Orlando, March 20-22, 2023, or visit https://web.altair.com/frictionless-ai-for-every-person-and-every-enterprise-gartner.

About Altair

Altair is a global leader in computational science and artificial intelligence (AI) that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. For more information, visit https://www.altair.com/.

Media contacts


Altair Corporate

Altair Investor Relations

Jennifer Ristic

Monica Gould, The Blueshirt Group

+1.216.849.3109

+1 212.871.3927

corp-newsroom@altair.com

ir@altair.com



Altair Europe/The Middle East/Africa


Charlotte Hartmann


+49 7031 6208 0


emea-newsroom@altair.com


 

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SOURCE Altair

FAQ

What is Altair RapidMiner?

Altair RapidMiner is the rebranded data analytics and AI platform from Altair that consolidates various technologies into one end-to-end solution.

How does Altair RapidMiner benefit organizations?

It allows organizations to scale AI initiatives, modernize data frameworks, and operationalize models efficiently without large teams.

When was the Altair RapidMiner announced?

The rebranding of Altair RapidMiner was announced on March 16, 2023.

What are some features of the Altair RapidMiner platform?

Key features include data extraction from multiple sources, operationalization of AI models, and modernization of legacy systems.

How does Altair's Units licensing work?

Altair's Units licensing offers flexible access to their data analytics tools, making them more affordable and accessible.

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