Altair (Nasdaq: ALTR), a key player in computational science and artificial intelligence (AI), has unveiled significant improvements to its data analytics and AI platform, Altair® RapidMiner®. These updates are designed to enhance the platform’s integration, robustness, and user-friendliness, representing a notable advancement in its evolution.
As per Sam Mahalingam, Altair’s chief technology officer, the latest enhancements to Altair RapidMiner signify a substantial leap in its capabilities, solidifying its position as a comprehensive and unparalleled solution in the field of data analytics and AI. By offering improved access to low- and no-code features for users with varying levels of expertise, Altair RapidMiner is set to transform the digital transformation journey for organizations across diverse sectors.
Introduction of Innovative Tools for Integrating LLMs into Business Applications
Altair RapidMiner’s ecosystem now provides AI-embedded solutions with generative AI capabilities, enabling users to streamline workflow design and develop customized versions of large language models (LLMs) such as ChatGPT using proprietary data. By way of illustration, a multinational corporation can create a tailored iteration of ChatGPT specific to its terminology, product landscape, applications, and customer base. The platform utilizes ChatGPT’s new API to facilitate further customization without necessitating coding. Additionally, users can access over 300,000 Hugging Face models with a single click and fine-tune models with billions of parameters. Altair RapidMiner harnesses LLMs to enrich user experience, allowing for seamless specification of desired data transformations through automatic workflow generation.
Enhanced AutoML and No-Code Development Capabilities for Democratizing Data Science
Altair RapidMiner now features an expanded AutoML toolset that supports automated clustering alongside predictive modeling, feature engineering, and time series forecasting. The user-friendly wizard-based interface empowers novice machine learning practitioners to effortlessly create production-ready models.
The software streamlines the deployment of AutoML models with just one click and simplifies the operation of predictive models trained via AutoML as REST API endpoints. Non-specialist users like data analysts and citizen data scientists can promptly deploy and integrate machine learning models utilizing pre-configured deployment settings in Altair RapidMiner.
Furthermore, Altair RapidMiner introduces a wizard-based tool for building Altair’s distinctive, patented, and highly interpretable decision trees. These tools enable individuals without a background in data science to visualize complex data interactions and grasp the decision-making processes of AI models. Users can automatically grow trees, identify optimal splits, eliminate splits, and save scoring workflows.
Streamlined Coding Environment for SAS Language, Python, and R
Altair RapidMiner incorporates Altair SLC™, an alternative SAS language environment equipped with a comprehensive integrated development environment and low- and no-code tools to bolster advanced analytics capabilities, enhance productivity, and expedite development and deployment cycles. With Altair SLC, enterprises can seamlessly transition to a flexible, modern analytics platform with minimal disruptions. The enhanced Python API enables users to test and execute SAS language code within their Python development environment.
Additionally, Altair RapidMiner’s workspaces feature introduces a novel development approach for Python developers within Altair® AI Cloud™. These workspaces facilitate interactive coding sessions, allowing developers to craft production-ready Python code using a standard IDE based on centrally provisioned Python environments. Users can easily allocate compute resources tailored to their needs, including opting for GPU hardware for intricate modeling tasks like image processing or large-language modeling.
Advanced Tools for Historical and Real-Time Data Visualization
Altair® Panopticon™, the comprehensive data visualization and streaming analytics solution integrated into Altair RapidMiner, presents an enhanced user interface with a new generation of data visualization components, layout templates, and style settings. These enhancements streamline dashboard creation, publication, and utilization, enabling designers to concentrate on crafting visually appealing and easily understandable dashboards without excessive setup time.
Analysts can now delve into vast, intricate, and rapidly evolving datasets, pinpoint outliers and anomalies, and swiftly extract valuable insights. Panopticon showcases data in real-time, leveraging in-memory caching without intermediate storage. It supports in-memory data blending, allowing the amalgamation of data from various sources and empowering users to visualize a broad spectrum of data points. The data governance feature furnishes personalized data content within the same dashboard, facilitating seamless navigation between the tool and other browser-based systems.
Continuous Innovation in Patented Data Extraction and Preparation
Altair RapidMiner continues to enhance its data extraction and preparation capabilities with Altair® Monarch®, a solution that delivers enhanced performance and security features, including direct support for Azure Blob storage, Google Cloud storage, Oracle Cloud storage, and Azure Active Directory. With advanced PDF to Excel functionality and the capacity to extract crucial data from fundamental banking and accounting reports, Monarch remains a frontrunner in the data preparation market.
For more details about Altair RapidMiner, please visit Altair RapidMiner. To explore Altair’s data analytics and AI offerings, visit Altair Data Analytics.
About Altair
Altair stands as a global leader in computational science and artificial intelligence (AI), providing state-of-the-art software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Empowering organizations across diverse industries to boost competitiveness, make informed decisions, and promote sustainability in an interconnected world, Altair is dedicated to shaping a greener, more sustainable future. For additional information, visit Altair’s official website.
Media Contacts
- Altair Corporate
- Bridget Hagan
- +1.216.769.2658
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- Altair Investor Relations
- Monica Gould, The Blueshirt Group
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