It offers a suite of products called Altair Knowledge Works, and the core product considered in this Best Cloud Provider evaluation is Altair Knowledge Studio.
The Knowledge Works suite also includes Knowledge Studio for Apache Spark, Knowledge Hub, Panopticon and Monarch.
Altair’s operations are geographically diversified, and the vendor maintains strong offerings for service-centric industries (particularly banking and financial services). It also offers various simulation and high-performance computing solutions that appeal to customers in the automotive, aerospace and manufacturing sectors and to other asset-based organizations.
Knowledge Studio’s capabilities for automated ML (AutoML), XAI and enhanced open-source integration have strengthened, but it is still catching up with other vendors’ products in terms of native capabilities for delivery and deployment and model management.
Strengths
• Ease of use: Altair Knowledge Studio offers an intuitive, easy-to-use interface for both coders and noncoders. Additionally, by exposing and allowing editing of the underlying open-source code, it enables expert data scientists and data engineers to augment the platform’s standard functionality.
• Tools for building strong data pipelines: Altair Knowledge Studio offers strong capabilities for augmented data preparation. Integration with advanced data preparation tools (Monarch and Knowledge Hub) enables semistructured data to be easily extracted and included in ML modeling. Knowledge Hub also offers strong data governance and metadata management capabilities.
• Operations and customer experience: Altair customers report high satisfaction with the vendor’s operations, including in the areas of deployment, service and support. Altair has a team of product design experts who have a keen understanding of customer needs and processes for simulation-based design activities.
Cautions
•Gaps in current offering: Altair has added new features in areas such as augmented DSML, MLOps and XAI. However, other advanced analytics and delivery capabilities are weaknesses for this vendor. Altair also needs to strengthen its decision modeling and composite artificial intelligence (AI) capabilities.
•Limited resonance across industries: Although Altair has a strong focus on both service- and asset-centric industries, its product marketing needs improvement to resonate with a wider set of client needs. Existing and prospective customers need to work with the vendor to understand its full suite of products, which are applicable to a range of use cases.
•Comparatively slow growth: Adoption of Altair’s core Knowledge Works products has been slow, compared with competitors’ offerings. Several competitors are sustaining extremely strong growth and offering market-leading products.
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