Altair Monarch vs. Explorium

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.

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We need to constantly measures costs in our health business and we forecast pricing acoording to several values and conditions. Explorium works quite good analysing simple datasets, but when hierahies start to increase, meaning 6-10 olap variables, the system start to slow down quite a bit until was no longer to retrieve the info we required. This is why we test several tools, because even world-class solutions we purchase, don´t do the job we need. Explorium is a good tool, but complexity will be a minus in some scenarios.

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• 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.

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• Data ready for consumption.
• Good enough relationships between entities.
• Nice integration with other players. That's a good thing.

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• 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.

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• relationships between entities could be better. Would be great to have scenarios.
• The data normalized needs improvement. Works pretty good, but it needs more refinement when using AND-OR Formulas that came from various datasets.

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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.

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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.

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The simplicity of the tool is an advantage. The integrations as well work quite well. All these solutions have worked well until some point and what we have discovered over the years is that we need to combine various solutions. There is no such thing as one tool ruling them all. Explorium works quite well until we start testing more advanced relations, and here, the tool is promising but requires a little work.

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• 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

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• Positive. The time save in analysis per hour of internal consulting was the best compared to our SAP and Cognos solutions.
• In term of objetives works as stated, but when using multi-conditions of dataset, start the issues.

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Independently Invited by TrustRadius

A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info