Altair continues to expand on data analytics.
Altair is a technology company that provides software and cloud solutions for product development, high-performance computing (HPC), data analytics, and AI. Its recent acquisition of advanced data analytics and machine learning software maker RapidMiner is its latest purchase in a huge portfolio expansion during the past few years, as Altair has acquired over 20 different companies since 2018. Many of them, including RapidMiner and World Programming, are huge parts of the data analytics industry.
This purchase strengthens another vertical for Altair as the company moves forward in these growing markets.
RapidMiner’s platform has a simplified UI so people without coding experience can dabble in data analytics. Users can drag-and-drop their building blocks, instead of running code, which flattens the learning curve of their software and lowers the barrier of entry for their customers. Their cloud platform will expand on their desktop work and allow them to scale their volume.
RapidMiner’s platform is used by many to develop production-scale data pipelines and ML models. As Altair points out, machine learning is becoming an essential part of business, but often the barriers to building ML models are too high to get started because of too much data, not enough data science expertise, and unscalable production environments.
“Altair and RapidMiner share the same vision to make data analytics simple enough for all users, but scalable, governed, and safe enough for all enterprises. We see this as an incredibly exciting opportunity to watch our solutions grow across the globe and expand into a larger, more powerful ecosystem,” said Ingo Mierswa, CEO of RapidMiner.
RapidMiner will be integrated with existing tools, such as Altair Knowledge Studio, Altair SmartWorks, and Altair SLC for a SaaS-ready, cloud-scale platform.
Altair is known for its simulation approach to design while providing data analytics and visualization.