TL;DR:
- Altair introduced Altair RapidMiner 2023, a major update to its data analytics and AI platform.
- The update offers user-friendly no-code/low-code GenAI capabilities, accessible to users of all skill levels.
- Altair’s acquisition of RapidMiner in 2022 strengthens its data analytics portfolio, leading to the rebranding of its suite as Altair RapidMiner.
- Notable features of the update include streamlined coding, advanced tools for large language model integration, and enhanced data visualization.
- Sam Mahalingam, CTO at Altair, highlights the platform as a game-changer, reducing friction in digital transformation.
- GenAI capabilities empower users to customize LLM models, such as ChatGPT, for their specific needs.
- The platform includes AutoML tools supporting clustering, feature engineering, predictive modeling, and more.
- The Altair SLC (SAS Language Environment) offers advanced analytics with shorter development cycles.
- Real-time data and streaming analytics solutions streamline decision-making.
- Altair Monarch, the data extraction and preparation platform, now boasts improved security and performance.
Main AI News:
In the fast-paced world of business, the integration of generative artificial intelligence (GenAI) has emerged as a game-changer. It has not only expanded the realm of possibilities but has also set off a race among enterprises to harness its potential for maximum productivity and cost reduction. To stay ahead in this competitive landscape, businesses are actively seeking ways to infuse their existing platforms with GenAI capabilities.
Leading the charge is Altair, a prominent player in computational science and artificial intelligence. Altair recently unveiled a significant update to its data analytics and AI platform, now known as Altair RapidMiner. This update is poised to empower users of all skill levels, offering them access to user-friendly and potent no-code/low-code GenAI capabilities.
Altair’s journey to this point was marked by its acquisition of RapidMiner in 2022, a strategic move aimed at bolstering its end-to-end data analytics portfolio and fueling its ongoing growth. Earlier this year, Altair consolidated and rebranded its suite of data analytics and AI tools under the banner of Altair RapidMiner.
The latest update to the platform introduces a range of enhancements, including a streamlined coding experience, advanced tools for seamless integration of large language models (LLMs) into business applications, and robust features for history and real-time data visualization.
According to Sam Mahalingam, Chief Technology Officer at Altair, this platform update represents a “game-changing ecosystem for organizations across industries.” He emphasized its ability to reduce friction and accelerate digital transformation initiatives, solidifying Altair RapidMiner’s position as a comprehensive, end-to-end solution within the data analytics and AI sphere.
One of the standout features of this update is the integration of GenAI capabilities into embedded AI. Users now have the capability to create customized versions of LLM models using their own data, simplifying their workflow design. This means organizations can tailor ChatGPT, for instance, to align with their specific applications, clients, terminology, and product landscape. With over a billion parameters and the utilization of ChatGPT’s new API, customization is possible without the need for coding.
Building on its commitment to democratizing data science, the updated platform also introduces a comprehensive AutoML toolset. This toolset supports automated clustering, feature engineering, predictive modeling, and time series forecasting. Furthermore, the wizard-based user interface empowers newcomers to machine learning to create production-ready models.
Altair RapidMiner 2023 goes a step further with the introduction of the Altair SLC (SAS Language Environment), an alternative environment designed to support advanced analytics with shorter development and deployment cycles. This addresses a critical challenge faced by businesses – the need to transition to a flexible and modern analytics platform without disrupting ongoing operations.
Developers can leverage the enhanced Python API to seamlessly test and run the SAS language within their development environments. Additionally, the Altair AI Cloud now offers a new development environment equipped with an interactive coding environment for the development of production-ready Python code.
In a business landscape where time is of the essence, RapidMiner 2023 provides a solution with its streamlined version of the Altair Panopticon. This data visualization and streaming analytics solution features an optimized user interface, new layout tools, templates, and style settings for personalized dashboards.
Beyond the UI and customization enhancements, this update equips users with more tools to analyze large, complex, and rapidly changing datasets. It enables them to identify outliers, anomalies, and gain fresh insights from their data swiftly.
In addition to these updates, Altair reaffirms its commitment to its patented data extraction and preparation platform, Altair Monarch. The platform now offers enhanced security and performance, including compatibility with Google Cloud storage, Azure Blob storage, and Azure Active Directory.
Conclusion:
Altair RapidMiner 2023’s integration of GenAI and advanced analytics tools underscores its commitment to providing businesses with a competitive edge. This powerful platform empowers organizations to streamline operations, customize AI models, and make data-driven decisions in real-time. Altair’s continued investment in data preparation showcases its dedication to meet evolving market needs, making it a formidable player in the business analytics landscape.
