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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Altair Monarch

    Score8 out of 10
    N/AAltair Monarch (formerly Datawatch Monarch, acquired by Altair in December, 2018) works with both relational and multi-structured data including support for a wide range of formats including PDF, XML, HTML, text, spool and ASCII files. The product can access data from invoices, sales reports, balance sheets, customer lists, inventory, logs and more. According to the vendor, the system is easy to use, allowing users to quickly select any data source and automatically convert it into…N/A

    RapidMiner

    Score8.9 out of 10
    N/ARapidMiner is a data science and data mining platform, from Altair since the late 2022 acquisition. RapidMiner offers full automation for non-coding domain experts, an integrated JupyterLab environment for seasoned data scientists, and a visual drag-and-drop designer. RapidMiner’s project-based framework helps to ensure that others can build off their work using visual workflows or automated data science.

    $7,500

    Per User Per Month

    Pricing
    Altair MonarchRapidMiner
    Editions & Modules
    No answers on this topic
    Professional
    $7,500.00
    Per User Per Month
    Enterprise
    $15,000.00
    Per User Per Month
    AI Hub
    $54,000.00
    Per User Per Month
    Offerings
    Pricing Offerings
    Altair MonarchRapidMiner
    Free Trial
    YesNo
    Free/Freemium Version
    YesNo
    Premium Consulting/Integration Services
    YesNo
    Entry-level Setup FeeOptionalNo setup fee
    Additional Details——
    More Pricing Information
    Features
    Altair MonarchRapidMiner
    Platform Connectivity
    Comparison of Platform Connectivity features of Altair Monarch and RapidMiner
    Feature
    Altair Monarch
    -
    Ratings
    RapidMiner
    9.5
    2 Ratings
    13% above category average
    Connect to Multiple Data Sources00 Ratings10.02 Ratings
    Extend Existing Data Sources00 Ratings10.02 Ratings
    Automatic Data Format Detection00 Ratings9.02 Ratings
    MDM Integration00 Ratings9.01 Ratings
    Data Exploration
    Comparison of Data Exploration features of Altair Monarch and RapidMiner
    Feature
    Altair Monarch
    -
    Ratings
    RapidMiner
    9.0
    2 Ratings
    7% above category average
    Visualization00 Ratings9.02 Ratings
    Interactive Data Analysis00 Ratings9.02 Ratings
    Data Preparation
    Comparison of Data Preparation features of Altair Monarch and RapidMiner
    Feature
    Altair Monarch
    -
    Ratings
    RapidMiner
    8.8
    2 Ratings
    8% above category average
    Interactive Data Cleaning and Enrichment00 Ratings9.02 Ratings
    Data Transformations00 Ratings7.02 Ratings
    Data Encryption00 Ratings9.02 Ratings
    Built-in Processors00 Ratings10.02 Ratings
    Platform Data Modeling
    Comparison of Platform Data Modeling features of Altair Monarch and RapidMiner
    Feature
    Altair Monarch
    -
    Ratings
    RapidMiner
    9.0
    2 Ratings
    7% above category average
    Multiple Model Development Languages and Tools00 Ratings9.02 Ratings
    Automated Machine Learning00 Ratings9.02 Ratings
    Single platform for multiple model development00 Ratings9.02 Ratings
    Self-Service Model Delivery00 Ratings9.02 Ratings
    Model Deployment
    Comparison of Model Deployment features of Altair Monarch and RapidMiner
    Feature
    Altair Monarch
    -
    Ratings
    RapidMiner
    9.0
    2 Ratings
    5% above category average
    Flexible Model Publishing Options00 Ratings9.02 Ratings
    Security, Governance, and Cost Controls00 Ratings9.01 Ratings
    Best Alternatives
    Altair MonarchRapidMiner
    Small Businesses
    No answers on this topic
    Jupyter Notebook
    Score9.4 out of 10
    Medium-sized Companies
    Toad Data Point
    Score7.9 out of 10
    Anaconda
    Score8.1 out of 10
    Enterprises
    Datameer
    Score8.4 out of 10
    IBM Watson Studio
    Score10 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    Altair MonarchRapidMiner
    Likelihood to Recommend
    8.1
    (6 ratings)
    10.0
    (18 ratings)
    Likelihood to Renew
    7.2
    (6 ratings)
    9.0
    (1 ratings)
    Usability
    -
    (0 ratings)
    9.0
    (1 ratings)
    Data Sharing and Collaboration
    7.0
    (1 ratings)
    -
    (0 ratings)
    Data Sources
    5.0
    (1 ratings)
    -
    (0 ratings)
    User Testimonials
    Altair MonarchRapidMiner
    Likelihood to Recommend
    Altair Engineering, Inc.
    The product is especially useful when you have real-time and/or time series data to analyze. If you have more mundane, simpler requirements, other products might do the job you need for less money (there are even some decent open source visualization tools you can find.) I know the product is very widely used in capital markets applications to monitor and analyze risk and price and volume changes; if you're working in that area, I don't think there's a better tool to use.
    Incentivized
    Read full review
    Altair Engineering, Inc.
    RapidMiner is really fantastic to perform fast ETL processes and work on your data as you want, no matter what is the source. You will really save a lot of time when you learn how to use it. You can create mining analysis with several algorithms, and thanks to add-ons, you can apply a lot of techniques. It will not replace a business intelligence dashboard but it allows to create great datamarts for your BI tools. One negative thing is that It's no easy to share your outputs.
    Incentivized
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    Pros
    Altair Engineering, Inc.
    • Creating a basic model to extract data from a report is very easy.
    • Advanced features like Calculated Fields and External Lookups allow you to augment the raw data.
    • You can create a "project" to automate the data extraction. Combined with Datapump (a separate DW app), you can fully automate the process once the raw report is generated.
    Incentivized
    Read full review
    Altair Engineering, Inc.
    • I am very impressed at how easily you can work within RapidMiner without much data analytics training. Plus with the help of the crowd, you can see what steps others have taken with their data analytics projects.
    • Text mining was simple and clean. We used this for our call transcription problem where we didn't have the resources to listen to each call. We needed to qualify each call based on some key phrases.
    • Our direct mail program was large and not very targeted. Using RapidMiner, we were able to isolate a predictive level we felt comfortable with and decided not to send to anyone below that level. We saved quite a bit of money.
    Incentivized
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    Cons
    Altair Engineering, Inc.
    • Recently, we had some major sticker-shock when we wanted to upgrade Data Pump. It is an exceptional product, but when the price jumped from $6,000 to over $60,000, it was impossible to get the funds approved internally for the upgrade.
    • We also paid for yearly maintenance contracts which included Professional Services, but rarely found those services beneficial. However, we did receive all software upgrades for Datapump as part of the contract which we found to be very beneficial. However, with the new pricing, that is not longer the case.
    Incentivized
    Read full review
    Altair Engineering, Inc.
    • I hope RapidMiner would be the first data science platform that allows data scientists to change the behaviour of a machine learning algorithm that already exists in the repository. For example, I want to be able to change the way a genetic algorithm mutates.
    • Automatic programming: One day, I hope RapidMiner can automatically generate codes in any 4th generation programming language based on the developed model.
    • More tutorials/samples needed: Why doesn't RapidMiner becomes the next 'UC Irvine Machine Learning Repository'? Provide real examples and real cases for users to study and understand the best practices in modelling. RapidMiner already has some datasets for a tutorial. Besides the existing samples, I hope RapidMiner can provide more sample data and examples.
    Incentivized
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    Likelihood to Renew
    Altair Engineering, Inc.
    Even though we do not utilize it on a daily basis, I do hope my current company renews it's license. If not, I intend to purchase myself.
    Incentivized
    Read full review
    Altair Engineering, Inc.
    Very fast and user-friendly tool
    Incentivized
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    Usability
    Altair Engineering, Inc.
    No answers on this topic
    Altair Engineering, Inc.
    Very use to use and learn
    Incentivized
    Read full review
    Alternatives Considered
    Altair Engineering, Inc.
    Datawatch is very good value of money compared to QlikView; QlikView is really more of a BI tool and has a lot of functions that I didn't need. Datawatch is very strong in the real-time area where Tableau, Panorama, and Qlik don't do very well. If you need to set up a visual monitoring dashboard, Datawatch is the best product I've seen for that. if you want to do a lot of in depth statistical analysis of large databases, Tableau is probably a good option.
    Incentivized
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    Altair Engineering, Inc.
    We tried different data tools and we figured we give RapidMinder Studio a shot as one of our employees had experience with it, and when compared to some of the other tools that we used it was the best fit among the test group that we used. Overall it was a little more fluid and user-friendly.
    Incentivized
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    Return on Investment
    Altair Engineering, Inc.
    • Data Pump reduces complexity of report solutions by offering a standardized approach for organizing and scheduling
    • 97% service level for past 5 years for all of our jobs going through Data Pump
    Incentivized
    Read full review
    Altair Engineering, Inc.
    • Thanks to the patters that RapidMiner has detected, we have been able to follow clues in the right direction, both for the Protein Interaction Network Analysis and for the Epilepsy Research
    • Students and participants of the machine learning workshops have learned about this technology and about the tool
    Incentivized
    Read full review
    ScreenShots

    Altair Monarch Screenshots

    Product screenshotProduct screenshotProduct screenshot