Altair Named a Leader in Gartner® Magic Quadrant™ for Data Science and Machine Learning Platforms, June 2024

Altair Recognized in the Leaders Quadrant for Completeness of Vision and Ability to Execute in the report

Troy, Michigan, June 202024 /PRNewswire/ — Altair Altair (Nasdaq: ALTR), a global leader in computational intelligence, today announced that its product, Altair® RapidMiner®, has been positioned as a Leader in Gartner's Magic Quadrant for Data Science and Machine Learning Platforms. The recognition is based on specific criteria that analyze the company's overall completeness of vision and ability to execute.

According to the report, “Leaders in this market have mature, sophisticated, and targeted enterprise and platform strategies that incorporate and leverage generative AI (GenAI) to drive business value for their customers. They recognize GenAI opportunities that other providers may not be aware of or have made significant investments beyond their standard offerings. They have the ability to innovate at a faster rate than other vendors. Additionally, they can clearly articulate how they provide value to the different types of personas involved in the data science and machine learning model building process.”

“We believe being recognized as a leader in this latest report validates what we have known for many years. Altair “We have one of the most unique and comprehensive services on the market for data analytics and machine learning.” James R. ScapaFounder and Chief Executive Officer, Altair“For us, this placement is also a testament to the unparalleled vision that has defined us since our founding. We are pioneers defining what it means to be at the forefront of technological innovation and computational intelligence. I Altair Today we continue to make progress and look forward to continuing to make progress every day.”

Magic Quadrant reports are the culmination of rigorous, fact-based research in a specific market, providing a broad view of providers' relative positions in a high-growth, highly differentiated market. Providers are positioned in four quadrants: Leaders, Challengers, Visionaries, and Niche Players. This research allows you to get the most out of market analysis tailored to your unique business and technology needs.

To learn more, download your complimentary copy of the Magic Quadrant report. Altair's For strengths and considerations along with offerings from other providers, see https://web.altair.com/gartner-magic-quadrant-for-data-science-and-machine-learning-platforms-2024.

Gartner Disclaimer

Gartner, Magic Quadrant for Data Science and Machine Learning Platforms, Afraz Jaffrey, Ola Popa, Peter Krenski, Jim HareRaghuvender Bhati, Mariam HassanloohTong Chang, June 17, 2024.

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about Altair

Altair is a global leader in computational intelligence, providing software and cloud solutions in the areas of simulation, high-performance computing (HPC), data analytics and AI. Altair Altair empowers organizations across all industries to compete more effectively and make smarter decisions in an increasingly connected world, creating a greener, more sustainable future. For more information, visit www.altair.com.

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