There’s been some big news recently in business intelligence software. RapidMiner, a pioneer in sophisticated data analytics and machine learning software, inked a binding agreement to be acquired by Altair, a global but elusive leader in computational science and artificial intelligence. According to a press release from Altair, RapidMiner will be absorbed into Altair’s existing line of products.
This is troubling, especially as users of the current package will no longer have access to RapidMiner and will be forced to upgrade or purchase the pricey new suite to obtain additional features beyond those they likely require. This raises many concerns, not just for RapidMiner, but for the growing trend of questionable acquisitions in the BI world as of late.
Let’s take a look into this acquisition and some potential alternatives to RapidMiner to consider.
What is RapidMiner?
RapidMiner is a business intelligence (BI) tool and enterprise-ready data science platform that magnifies the effect of your people, knowledge, and data to give you a decisive competitive edge.
More than a million developers of various skill levels use RapidMiner's no-code and low-code platforms to create top-notch data pipelines, placing powerful data analytics in the hands of individuals with the most in-depth knowledge of the problems they are solving.
Its flexible delivery models give users and enterprises the scale they need, from a user's desktop to on-premises servers to a secure, multi-tenant cloud. It offers hundreds of powerful, drag-and-drop creation capabilities to transform and edit data, significantly improving the ease of work for developers and non-coders. RapidMiner was quite the tool in terms of no-code technology.
The cloud platform from RapidMiner combines the finest features of the RapidMiner desktop platform with the power of the cloud, giving the low-code product more scalability and control. Organizations can safely ramp up their data science workloads with the help of this multi-tenant, SaaS-ready version.
James R. Scapa, the CEO and creator of Altair was quoted in the news release as saying that the purchase greatly expands Altair's end-to-end data analytics offering, which currently gives clients the ability to comprehend, process, use, and automate their data.
RapidMiner will be linked with Altair Knowledge Studio, Altair SmartWorks, and Altair SLC to deliver a low-code, global language, SaaS-friendly, cloud-based platform for business data analytics and data science. Existing RapidMiner users could disagree with the choice, though.
Looking for an Alternative to RapidMiner?
When it comes down to it, there has been quite a flurry of acquisitions as of late in the business intelligence space. In the last year alone, platforms and products like Grow, Dundas, YellowfinBI, Exago BI, Logi Analytics, Chartio, Looker, and Izenda have all been acquired by various large enterprises.
With so little information about Altair, many RapidMiner users are concerned about the future quality of the platform. And with news that RapidMiner will be absorbed into Altair’s existing tool set, many are looking for a new alternative.
Let’s look at five (and one bonus) alternatives to RapidMiner that could prove helpful.
Top 5 (+1) Alternatives to RapidMiner
With Alteryx, anyone, anywhere, can transform massive volumes of data into rapid insights that aid in everyday breakthroughs. Alteryx is a low-code and no-code, end-to-end data analytics platform. It offers a simple, quick-to-learn UI that is user-intuitive. However, there are several problems, such as a shortage of strong AI/ML models, subpar visualizations, and a dismal user interface.
Tableau Server is an enterprise analytics platform that facilitates data-driven decision-making throughout your business and is simple to implement and grow. This platform allows you to integrate it with your current security and authentication methods when deploying on-premises, in the cloud, or on Windows or Linux.
With the scalability and security requirements you want, Tableau Server offers regulated data access while encouraging sharing and collaboration with data, dashboards, and insights. There are certain drawbacks to Tableau Server, including the fact that it is more expensive than competing BI solutions and that there are refresh and authentication problems.
IBM Watson Studio
IBM Enterprises can speed up your AI-powered digital transformation with the aid of IBM Watson Studio, a premier data science, and machine learning solution. Businesses can scale reliable AI and make better decisions thanks to it. The data management services, data privacy, security features, AI application tools, open source frameworks, and a robust technological ecosystem are all effortlessly integrated with Watson Studio.
It integrates teams and gives organizations the tools they need to create the cutting-edge information architecture that AI demands and integrate it throughout the company. It is also optional in the code. A slightly steep learning curve and significant switching fees, however, are mentioned in several user evaluations.
Heap is a platform for digital analytics that provides you with a thorough picture of your customers' digital experiences so you can instantly increase conversion, customer satisfaction, and retention. Heap is renowned for enhancing customer experience, accelerating time-to-market, maximizing product and business impact, and enabling in-depth comprehension of customer journeys. Heap has various drawbacks that should be considered, including a sluggish support system, a significant necessity for configuration at every stage, and high technological requirements.
One of the most well-known BI tools on this list is Oracle BPM. Oracle BPM offers a single process foundation, user-centric design, and social BPM interaction as a complete solution for all sorts of processes. It can improve corporate visibility and efficiency while lowering complexity and risk. Regarding data security and privacy, the internal system is safe and secure.
Oracle BPM is very user-friendly and easy to manage. It does, however, have significant drawbacks. Some online reviews have criticized the platform for having an archaic feel, lacking cloud computing like other comparable BI solutions, and lacking the ability to link business rules.
Bonus Recommendation: DashboardFox
Of course, when we said we would recommend suitable alternatives to RapidMiner, we will also use this opportunity to promote our pride and joy, DashboardFox.
With DashboardFox, the only thing you need to watch out is the influx of sales coming your way because of how efficient it can be for your business.
Here’s a thing about DashboardFox: anyone can use it! You read that right. Thanks to its codeless report building, you do not need any computer programming language or even an IT degree to use DashboardFox. We designed it to make business intelligence accessible to everyone and help them succeed. Use it for data visualization, embedded BI, or anything else in between -- without any worries!
It is also self-hosted, which means that the security of your precious files and figures will be prioritized among anything else. You can grant or remove access to anyone without worrying about leaking your raw figures. Security is our top priority, and we always maintain it to the best we can.
Lastly, you do not need to worry about paying exorbitant amounts to use DashboardFox -- all it takes is one swipe, and we’re done! Gone are the days when you have to maintain subscriptions and pay for add-ons/ Pay one, get all: as simple as that.