July 17, 2020
Altair, 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 more speed, flexibility and transparency to data modeling and predictive analytics, according to the company.
“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,” says 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.
Knowledge Studio offers advanced functionality, a 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.
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’sdata preparation tool.
- Support for R code 4.0 and higher.
Sources: Press materials received from the company and additional information gleaned from the company’s website.