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Altair Monarch vs. Alteryx Platform vs. Analytic Solver

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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

    Alteryx Platform

    Score9 out of 10
    N/AThe Alteryx AI Platform gives organization automated data preparation, AI-powered analytics, and machine learning with embedded governance and security. Its self-service functionality, with self-service data prep, machine learning, and AI-generated insights, gives enterprise teams with a simplified user experience allowing everyone to create analytic solutions that improve productivity, efficiency, and the bottom line. Alteryx Designer can be used to automate every analytics step…

    $14,850

    per year 3 users (minimum), cloud edition

    Analytic Solver

    Score7 out of 10
    N/AFrontline Systems Analytic Solver is an Excel add-on for performing data mining, and predictive analytics from within Microsoft Excel.N/A
    Pricing
    Altair MonarchAlteryx PlatformAnalytic Solver
    Editions & Modules
    No answers on this topic
    Designer Desktop
    starting at $5,195
    per year per user
    Designer Cloud Professional Edition
    Starting at $4,950
    per year per user (minimum of 3 users)
    No answers on this topic
    Offerings
    Pricing Offerings
    Altair MonarchAlteryx PlatformAnalytic Solver
    Free Trial
    YesYesNo
    Free/Freemium Version
    YesNoNo
    Premium Consulting/Integration Services
    YesYesNo
    Entry-level Setup FeeOptionalNo setup feeNo setup fee
    Additional Details
    More Pricing Information
    Community Pulse
    Altair MonarchAlteryx PlatformAnalytic Solver
    Considered Multiple Products
    Altair Engineering, Inc.
    No answer on this topic
    Alteryx
    Chose Alteryx Platform
    Alteryx is much easier to learn and use. The breadth of capabilities for data blending, predictive and geo-spatial analysis is way above the other products. Plus Alteryx Gallery and in-database (DB) tools are a game changer compared any of the other products.
    Incentivized
    Frontline Systems
    No answer on this topic
    Key User Insights
    Would buy again
    No answers on this topic
    99%
    Would buy again
    90 Answers
    No answers on this topic
    Delivers good value for the price
    No answers on this topic
    99%
    Delivers good value for the price
    78 Answers
    No answers on this topic
    Happy with the feature set
    No answers on this topic
    100%
    Happy with the feature set
    91 Answers
    No answers on this topic
    Lived up to sales and marketing promises
    No answers on this topic
    100%
    Lived up to sales and marketing promises
    66 Answers
    No answers on this topic
    Implementation went as expected
    No answers on this topic
    97%
    Implementation went as expected
    65 Answers
    No answers on this topic
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    User Ratings
    Altair MonarchAlteryx PlatformAnalytic Solver
    Likelihood to Recommend
    8.1
    (6 ratings)
    9.1
    (138 ratings)
    9.0
    (2 ratings)
    Likelihood to Renew
    7.2
    (6 ratings)
    8.9
    (19 ratings)
    -
    (0 ratings)
    Usability
    -
    (0 ratings)
    9.1
    (53 ratings)
    -
    (0 ratings)
    Availability
    -
    (0 ratings)
    7.3
    (4 ratings)
    -
    (0 ratings)
    Performance
    -
    (0 ratings)
    9.0
    (45 ratings)
    -
    (0 ratings)
    Support Rating
    -
    (0 ratings)
    9.3
    (52 ratings)
    -
    (0 ratings)
    In-Person Training
    -
    (0 ratings)
    7.0
    (1 ratings)
    -
    (0 ratings)
    Online Training
    -
    (0 ratings)
    8.5
    (2 ratings)
    -
    (0 ratings)
    Implementation Rating
    -
    (0 ratings)
    8.0
    (5 ratings)
    -
    (0 ratings)
    Configurability
    -
    (0 ratings)
    7.3
    (2 ratings)
    -
    (0 ratings)
    Data Sharing and Collaboration
    7.0
    (1 ratings)
    8.4
    (30 ratings)
    8.0
    (1 ratings)
    Data Sources
    5.0
    (1 ratings)
    8.7
    (30 ratings)
    7.0
    (1 ratings)
    Ease of integration
    -
    (0 ratings)
    8.2
    (3 ratings)
    -
    (0 ratings)
    Product Scalability
    -
    (0 ratings)
    7.3
    (3 ratings)
    -
    (0 ratings)
    Vendor post-sale
    -
    (0 ratings)
    8.2
    (2 ratings)
    -
    (0 ratings)
    Vendor pre-sale
    -
    (0 ratings)
    7.3
    (1 ratings)
    -
    (0 ratings)
    User Testimonials
    Altair MonarchAlteryx PlatformAnalytic Solver
    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
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    Alteryx
    I would 100% recommend Alteryx to a friend, for me its friendly interface is the best, it has all the tools I need without the headache that programming is. It can be used for simple or complex analysis, so honestly, I don’t see a scenario where it wouldn’t suit. I’ve used Alteryx to make simple things I could do in Excel, for example, but it was less complex and faster to do in Alteryx, so why not? Its a very versatile tool.
    Incentivized
    Read full review
    Frontline Systems
    Based on my limited experience and use, and therefore limited global knowledge of the software, I would recommend it especially if the data that will be used as inputs to the model has previously worked on a spreadsheet such as Excel. I would also recommend it to analyze problems of medium and small size. Given the experience I have had when I have used it with large problems, there have been noticeable decreases in the speed of response (which are not associated with the size of the system of equations involved in the calculation). Excellent for processing linear programming models.
    Incentivized
    Read full review
    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
    Alteryx
    • Pulling data from multiple disparate data sources.
    • Allows users to see the data at every step of the workflow to be able to cleanse, analyze, and optimize the data.
    • Provides an analytics platform that is easy for users of all levels to thrive in whether they are just starting out in their analytics journey or they have a master's degree in Data Science.
    Read full review
    Frontline Systems
    • Easy to use and learn.
    • Strong optimization platform for business and supply chain problems which can be modeled in Excel
    • It can handle multiple objectives and more than 8000 decision variables in a problem.
    • Lots of tutorial and examples are available to solve the problem
    Incentivized
    Read full review
    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
    Alteryx
    • Steeper Learning Curve: Alteryx can have a steep learning curve for users who are new to the platform or have limited experience with data analytics. Enhancements to the user interface and user onboarding resources could help make the learning process more intuitive and accessible to a wider range of users.
    • Enhanced Data Visualization Capabilities: Alteryx offers basic data visualization capabilities, but there is room for improvement in terms of advanced visualizations and interactive dashboarding features. Adding more sophisticated chart types, interactive widgets, and customization options would enhance the data visualization capabilities within the platform.
    • Improved Error Handling and Debugging: Alteryx provides error handling mechanisms, but enhancing the error reporting and debugging capabilities would be beneficial. Improved error messages, better visibility into data flow, and debugging tools could help users troubleshoot and resolve issues more efficiently.
    Incentivized
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    Frontline Systems
    • On the few occasions when I have used it to deal with problems of optimization of relatively large parameters (with a large number of restrictions and decision variables), the program has been slower, not substantially but slower, than programs such as the WinQsb, even when the latter runs on 32-bit machines and not 64. That has caught my attention, even though it is not a real problem for the uses I give to the program.
    • Given my partial function as a university professor, it has been much more effective and practical to use other software, due to the limited options that the educational license associated with the software has.
    Incentivized
    Read full review
    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
    Alteryx
    We've developed a working partnership with Alteryx. As an enablement suite, we're continuing to innovate and deliver great products with use of Alteryx in our solutions. Alteryx use expands to our global product development teams and is in use in multiple parts of our organization. Alteryx also delivers Experian demographic content to other clients in their product offering. We're highly likely to renew, but that decision is way above my pay grade.
    Read full review
    Frontline Systems
    No answers on this topic
    Usability
    Altair Engineering, Inc.
    No answers on this topic
    Alteryx
    I've found that while some things might take a little longer to create, the flexibility of Alteryx allows you to perform any function needed. I haven't found a use that was not available in Alteryx yet. APIs and XMLs can be created to perform certain functions. In addition, CMD line commands can be sent using Alteryx to perform certain functions as well.
    Incentivized
    Read full review
    Frontline Systems
    No answers on this topic
    Reliability and Availability
    Altair Engineering, Inc.
    No answers on this topic
    Alteryx
    I use many programs and compared to others, Alteryx virtually never goes down, freezes up or gives an application error. Over a 4 year time period that I have used this program, any of these may have happened 3 times. It is an incredibly stable program that I feel completely confident in.
    Read full review
    Frontline Systems
    No answers on this topic
    Performance
    Altair Engineering, Inc.
    No answers on this topic
    Alteryx
    I already gave the example of journal entries created in less than a second. What else can I tell you about.... I can tell you those 2 journal entries have historically had to be split into separate accounting systems so the outputs had to be very different (D365 vs Intacct) such that they are exactly ready for uploading. I can tell you I used to have some tire and battery queries hitting a line item detail table and they took hours to run UNTIL I asked IT for a view in SQL and now they're ready in about 5 minutes total. I guess I'd say if anything does take a long time - do some research with others and figure out what would speed them up
    Incentivized
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    Frontline Systems
    No answers on this topic
    Support Rating
    Altair Engineering, Inc.
    No answers on this topic
    Alteryx
    Stellar, bar-none. Some of the best support folks of any vendor. The Alteryx Community is the most responsive and supportive. On the rare occasion of a release issue or bug, we've been able to get quick help to solve the core problem. Alteryx does not play the blame game. They genuinely help the users solve their issues or respond to questions
    Incentivized
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    Frontline Systems
    No answers on this topic
    In-Person Training
    Altair Engineering, Inc.
    No answers on this topic
    Alteryx
    1st level of trainings which I've attended in Paris was easy and I was already knowing %90, that learning could have been an e-learning instead of in-person
    Incentivized
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    Frontline Systems
    No answers on this topic
    Online Training
    Altair Engineering, Inc.
    No answers on this topic
    Alteryx
    Very good, detailed online trainings which you can take at your own pace, and strong certifications exists, certifications are extremely detailed and hard...
    Incentivized
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    Frontline Systems
    No answers on this topic
    Implementation Rating
    Altair Engineering, Inc.
    No answers on this topic
    Alteryx
    There is really not much to it (the installation, that is). Once you get it installed, along with any of the add-ons (demographics, R, etc.), you are up and running almost immediately. There is really no additional setup. You can immediately begin blending data, running demographics, performing spatial queries, running predictive analysis, etc. And for many of these functions, the learning curve is quite easy.
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    Frontline Systems
    No answers on this topic
    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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    Alteryx
    Alteryx is MUCH more user friendly. both provide the ability to code within them, but Alteryx has much nicer interface. The formula tools have a more simple language that is easier to learn than formulae in SSIS. Alteryx is easy to read with multi colored tools identifying what each one does. It also allows for macros. You can build your own tool to process records of data or batch records together.
    Incentivized
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    Frontline Systems
    We believe in building the models in Excel. A limitation with Excel is that Excel Solver can not take more than 200 decision variables with multiple constraints. It is cheap in terms of license and maintenance fees against other softwares which are available in the market.
    Incentivized
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    Scalability
    Altair Engineering, Inc.
    No answers on this topic
    Alteryx
    Individual analysts can quickly generate results using their own copy of Alteryx Designer. But using the Server and developing macros for more complex needs can be time consuming.
    Read full review
    Frontline Systems
    No answers on this topic
    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
    Alteryx
    • Error handling - allows controls to be built into workflows easily and allows them to be isolated and spat into control reports that can be easily reviewed and audited, thanks to the ability to create multiple outputs in one go.
    • Time-saving - saved huge amounts of time, especially when moving Excel processes into Alteryx.
    • Product development - allowed my firm to create products that we have been able to market and sell to clients.
    Incentivized
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    Frontline Systems
    • - It has allowed finding ways to optimize (minimizing costs or times) the field processes involved in various projects.
    • It has even allowed, in specific cases where it was used for that purpose, to optimize the allocation of resources (people) to work in different jobs that present weekly variations of the activity that these people must perform.
    • It has allowed the sensitivity analysis of projects to changes in the decision variables related to them, which, and in very dynamic and changing environments, resulted in substantial decreases in money losses.
    Incentivized
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    ScreenShots

    Altair Monarch Screenshots

    Product screenshotProduct screenshotProduct screenshot

    Alteryx Platform Screenshots

    Screenshot of Alteryx APA - Automating asset inputsScreenshot of Alteryx APA - Automating outcomesScreenshot of Alteryx APA - Data enrichment and insightsScreenshot of Alteryx APA - Data quality and preparationScreenshot of Alteryx APA - Data science and decisions