Altair Named a Leader in the June 2024 Gartner® Magic Quadrant™ for Data Science and Machine Learning Platforms

Rhea-AI Summary

Altair (Nasdaq: ALTR) has been recognized as a Leader in the June 2024 Gartner Magic Quadrant for Data Science and Machine Learning Platforms.

This recognition reflects Altair's completeness of vision and ability to execute, particularly for its Altair RapidMiner offering. Gartner highlights that Leaders in this market have a refined strategy leveraging generative AI (GenAI), ensuring high customer business value.

This prestigious placement validates Altair's strong market position and innovative capabilities in data analytics and machine learning.

Positive

• Altair named a Leader in the Gartner Magic Quadrant for Data Science and Machine Learning Platforms.
• Recognition based on Altair's completeness of vision and ability to execute.
• Altair's offering, Altair RapidMiner, highlighted for leveraging generative AI.
• Validation of Altair's market position and innovative capabilities in data analytics and machine learning.

Negative

• None.

Altair recognized in the report's Leaders' Quadrant for Completeness of Vision and Ability to Execute

TROY, Mich., June 20, 2024  /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, today announced that it has been positioned by Gartner as a Leader in the Magic Quadrant for Data Science and Machine Learning Platforms for its offering, Altair® RapidMiner®. The evaluation was based on specific criteria that analyzed the company's overall Completeness of Vision and Ability to Execute.

According to the report, "Leaders in this market have a mature, refined, and targeted company and platform strategy that incorporates and leverages generative AI (GenAI) to drive their customers' business value. They see opportunities for leveraging GenAI that other providers may not see or have made significant investments above and beyond standard offerings. They have the capability to innovate at a speed that outperforms other vendors. In addition, they can clearly articulate how they provide value to the multiple types of personas involved in the process of building data science and machine learning models." 

"We believe being named as a Leader in this latest report validates what we have known for years: Altair has one of the market's most unique, most comprehensive offerings for data analytics and machine learning," said James R. Scapa, founder and chief executive officer, Altair. "For us, this placement is also a testament to our unmatched vision, which has defined us since our inception. We are pioneers that define what it means to be at the forefront of technological innovation and computational intelligence. I am incredibly proud of where Altair stands today, and I look forward to the strides we continue to make each day."

Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.

View a complimentary copy of the Magic Quadrant report to learn more about Altair's strengths and cautions, among other provider offerings, at https://web.altair.com/gartner-magic-quadrant-for-data-science-and-machine-learning-platforms-2024.

Gartner Disclaimer

Gartner, Magic Quadrant for Data Science and Machine Learning Platforms, Afraz Jaffri, Aura Popa, Peter Krensky, Jim Hare, Raghvender Bhati, Maryam Hassanlou, Tong Zhang, 17 June 2024.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Altair

Altair is a global leader in computational intelligence 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. To learn more, please visit www.altair.com.

Media contacts
Altair Corporate	Altair Investor Relations
Bridget Hagan	Stephen Palmtag
+1.216.769.2658	+1.669.328.9111
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 the significance of Altair being named a Leader in the Gartner Magic Quadrant for Data Science and Machine Learning Platforms?

Being named a Leader signifies that Altair is recognized for its completeness of vision and ability to execute in the data science and machine learning market.

When was Altair recognized as a Leader in the Gartner Magic Quadrant?

Altair was recognized as a Leader in the June 2024 Gartner Magic Quadrant for Data Science and Machine Learning Platforms.

Which Altair product contributed to its recognition in the Gartner Magic Quadrant?

Altair's product, Altair RapidMiner, contributed to its recognition in the Gartner Magic Quadrant.

How does Altair's recognition in the Gartner Magic Quadrant affect its market position?

Altair's recognition solidifies its market position as a leading provider in data science and machine learning platforms, showcasing its innovative capabilities.