Altair Releases New Version of Altair® Knowledge Studio® Market-leading Machine Learning and Predictive Analytics Solution

Rhea-AI Summary

Altair (Nasdaq: ALTR) has unveiled a new version of its Altair Knowledge Studio, enhancing speed, flexibility, and transparency for data modeling and predictive analytics. This upgraded tool integrates automated machine learning (AutoML) to optimize modeling processes, significantly reducing workflow time. Key features include automated Python code generation, data export capabilities, and support for R code versions 4.0 and above. Altair emphasizes responsible AI practices, ensuring users can understand model workings, unlike typical 'black box' solutions.

Positive

• New version of Knowledge Studio improves data modeling speed, reducing workflow time from hours to minutes.
• Incorporation of AutoML enhances modeling processes for data scientists and business analysts.
• Automated Python code generation allows rapid deployment of models without coding skills.
• Increased transparency in AI practices fosters user confidence and understanding.

Negative

• None.

TROY, Mich., July 16, 2020 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing solutions in product development, high performance computing (HPC), and data analytics, has released a new version of Altair Knowledge Studio that brings even greater speed, flexibility, and transparency to data modeling and predictive analytics.

“As a powerful solution that can be used by data scientists and business analysts alike, Knowledge Studio continues to lead the data science and machine learning market,” said Sam Mahalingam, Altair chief technology officer. “Without requiring a single line of code, Knowledge Studio visualizes data fast, and quickly generates explainable results.”

Accessible to a wide audience of business analysts and data scientists working in areas including fraud prevention, collections optimization, marketing, sales, CRM analytics, product design, and engineering, Knowledge Studio now employs automated machine learning (AutoML) to optimize the modeling process, while offering users unparalleled insight and understanding of how results are achieved.

Optimizing the entire workflow in minutes

Knowledge Studio has earned a best-in-class reputation for advanced functionality, a highly configurable approach to settings, and ease of operation. Available via Altair’s flexible, units-based licensing model, the new version streamlines the entire workflow. At the outset, data is improved automatically by replacing missing values and dealing with outliers. AutoML then builds and compares many different models to identify the best available option. Compared to manual approaches, results are optimized in minutes rather than hours. Greater transparency gives citizen data scientists the opportunity and freedom to learn quickly. Improved control enables data scientists to modify models and fine tune performance.

Lifting the lid on machine learning-powered data modeling

Unlike competitive products, Knowledge Studio does not adopt a ‘black box’ approach that shuts out users. Fully committed to the principles of responsible and explainable artificial intelligence (AI), Knowledge Studio instead lifts the lid on the inner workings of models developed. Although models are developed automatically, explainable AI gives users the confidence that regardless of the model type, the process can be easily understood, interpreted and evaluated.

Other features new to Knowledge Studio include:

• Automated Python code generation that supports all predictive modeling – deployment-ready models can be created fast without requiring any coding skill.
• Direct data export to Altair Monarch, Altair’s industry-leading data preparation tool.
• Support for R code 4.0 and higher.

For more information, visit altair.com/knowledge-studio.

About Altair (Nasdaq: ALTR)
Altair is a global technology company that provides software and cloud solutions in the areas of product development, high performance computing (HPC) and data analytics. Altair enables organizations across broad industry segments to compete more effectively in a connected world while creating a more sustainable future. To learn more, please visit www.altair.com.

Media Contacts:
Corporate	Investor Relations
Jennifer Ristic	The Blueshirt Group
+1.216.849.3109	Monica Gould +1 212.871.3927
jristic@altair.com	ir@altair.com
Altair Europe / The Middle East / Africa
Evelyn Gebhardt
+49 7031 6208 0
gebhardt@altair.de

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FAQ

What is Altair Knowledge Studio?

Altair Knowledge Studio is a data modeling and predictive analytics tool that offers speed, flexibility, and transparency, enabling users to visualize data without coding.

How does the new version of Knowledge Studio benefit users?

The new version streamlines workflows with automated machine learning, allowing for faster model optimization and greater transparency.

What features are included in the latest Knowledge Studio update?

The update includes automated Python code generation, direct data export to Altair Monarch, and support for R code 4.0 and higher.

What advantages does Altair's approach to AI offer?

Altair's approach prioritizes explainable AI, allowing users to understand model processes rather than using a 'black box' method.

When was the new version of Knowledge Studio released?

The new version of Knowledge Studio was released on July 16, 2020.