Altair Monarch vs. Explorium

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Altair Monarch
Score 8.0 out of 10
N/A
Altair 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
Explorium
Score 7.7 out of 10
N/A
Explorium, headquartered in San Mateo, provides an External Data Platform that automatically discovers thousands of relevant data signals and uses them to improve analytics and machine learning. The automated Explorium Platform enables organizations to discover and use third party data to improve predictions and ML model performance. With faster, better insights, organizations can increase revenue, streamline operations and reduce risks.N/A
Pricing
Altair MonarchExplorium
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Altair MonarchExplorium
Free Trial
YesNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeOptionalNo setup fee
Additional Details——
More Pricing Information
Community Pulse
Altair MonarchExplorium
Top Pros

No answers on this topic

Top Cons

No answers on this topic

Features
Altair MonarchExplorium
Platform Connectivity
Comparison of Platform Connectivity features of Product A and Product B
Altair Monarch
-
Ratings
Explorium
7.8
1 Ratings
6% below category average
Connect to Multiple Data Sources00 Ratings8.01 Ratings
Extend Existing Data Sources00 Ratings8.01 Ratings
Automatic Data Format Detection00 Ratings7.01 Ratings
MDM Integration00 Ratings8.01 Ratings
Data Exploration
Comparison of Data Exploration features of Product A and Product B
Altair Monarch
-
Ratings
Explorium
6.5
1 Ratings
27% below category average
Visualization00 Ratings6.01 Ratings
Interactive Data Analysis00 Ratings7.01 Ratings
Data Preparation
Comparison of Data Preparation features of Product A and Product B
Altair Monarch
-
Ratings
Explorium
6.5
1 Ratings
23% below category average
Interactive Data Cleaning and Enrichment00 Ratings6.01 Ratings
Data Transformations00 Ratings6.01 Ratings
Data Encryption00 Ratings7.01 Ratings
Built-in Processors00 Ratings7.01 Ratings
Platform Data Modeling
Comparison of Platform Data Modeling features of Product A and Product B
Altair Monarch
-
Ratings
Explorium
7.3
1 Ratings
14% below category average
Multiple Model Development Languages and Tools00 Ratings7.01 Ratings
Automated Machine Learning00 Ratings8.01 Ratings
Single platform for multiple model development00 Ratings8.01 Ratings
Self-Service Model Delivery00 Ratings6.01 Ratings
Model Deployment
Comparison of Model Deployment features of Product A and Product B
Altair Monarch
-
Ratings
Explorium
8.0
1 Ratings
6% below category average
Flexible Model Publishing Options00 Ratings8.01 Ratings
Security, Governance, and Cost Controls00 Ratings8.01 Ratings
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User Ratings
Altair MonarchExplorium
Likelihood to Recommend
8.1
(6 ratings)
8.0
(1 ratings)
Likelihood to Renew
7.2
(6 ratings)
-
(0 ratings)
User Testimonials
Altair MonarchExplorium
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.
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Explorium
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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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.
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Explorium
  • Data ready for consumption.
  • Good enough relationships between entities.
  • Nice integration with other players. That's a good thing.
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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.
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Explorium
  • 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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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.
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Explorium
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.
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Explorium
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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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
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Explorium
  • 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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ScreenShots

Altair Monarch Screenshots

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