Acquisition expands Altair’s data analytics and AI offerings
- Acquisition Overview:
– Altair has acquired Cambridge Semantics, a leading provider of modern data fabric solutions and analytical graph databases.
– Cambridge Semantics’ graph-powered data fabric technology accelerates the creation of comprehensive enterprise knowledge graphs, simplifying the integration of structured and unstructured data into a unified view.
- Advantages of Knowledge Graphs:
– Knowledge graphs play a crucial role in data fabrics, enabling organizations to access the right data at the right time. They are essential for successful generative AI applications, providing the necessary business context to enhance response quality.
– Altair recognizes Cambridge Semantics’ expertise in building scalable knowledge graphs, particularly suited for organizations dealing with large volumes of data and complex queries.
- Integration with Altair RapidMiner Platform:
– Cambridge Semantics’ technologies will be integrated into the Altair® RapidMiner® platform, enhancing its capabilities with knowledge graph, data governance, data virtualization, and data discovery functionalities.
– This integration complements RapidMiner’s existing suite of tools for data preparation, ETL, data science, business intelligence, and MLOps, offering customers a comprehensive analytics solution.
- Benefits for Customers:
– Altair’s broad customer base, including Fortune 500 companies across various industries, will gain access to Cambridge Semantics’ technology through the Altair Units business model.
– The combined expertise of Altair and Cambridge Semantics will empower organizations to exploit their data more effectively, driving analytics, uncovering insights, and achieving competitive differentiation.
- Expertise and Legacy of Cambridge Semantics:
– Founded in 2007 by an innovation and engineering team from IBM’s Advanced Technology Group, Cambridge Semantics has a legacy of developing transformational semantic graph data models.
– The acquisition adds deep data warehousing expertise to Altair’s analytics and data science team, strengthening its capabilities across the entire data lifecycle.
The acquisition of Cambridge Semantics by Altair represents a strategic move to enhance data fabric technology and advance the analytics ecosystem. By integrating knowledge graph technology into the Altair RapidMiner platform, Altair aims to empower organizations with AI-driven analytics solutions that drive innovation and competitive advantage.
