Altair Monarch vs. Prism, by Prism Skylabs (discontinued)

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

I really like to use Prism, compared to other software, for data analysis. It allows a quick "plug and play" of the data and is very tolerant of many data formats. I typically resort to other software only when I need a more specific statistical analysis, or if I need a graphically cleaner visualization.

Incentivized

• 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

• Data manipulations
• Data visualization
• Ease of use

Incentivized

• 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

• Need a stronger interface with R
• Advanced analysis is difficult to use
• Graphically clumsy

Incentivized

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

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

Excel would be the next best thing to use. It is free for the academic lab to use though the quality of the figure is lacking and not standardized. Excel also lacks easy to use built-in formulas for data manipulation and can be tedious to replicate the same data Prism can do with a single click.

Incentivized

• 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

• Excellent figures for publications

Incentivized