TROY, Mich.-- 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 it says brings greater speed, flexibility, and transparency to data modeling and predictive analytics.
“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,” said Sam Mahalingam, Altair chief technology officer. “Without requiring a single line of code, Knowledge Studio visualizes data fast, and quickly generates explainable results.”
Sample of Altair Knowledge Studio’s interface and workflow. In this example the model is looking to identify the Next Best Channel for a marketing campaign.
Accessible to an 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.
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. Greater transparency gives citizen data scientists the opportunity and freedom to learn quickly. Improved control enables data scientists to modify models and fine tune performance.
Knowledge Studio does not adopt a “black box” approach that shuts out users. Based on artificial intelligence (AI), Knowledge Studio reveals the inner workings of models developed, according to Altair. 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:
For more information, visit www.altair.com/knowledge-studio .
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