Altair Korea chief Moon Song-soo speaks during a press conference timed with the launch of an advanced data analytics platform called Knowledge Works in Seoul on July 21. Photo courtesy of Altair Korea
Altair Korea chief Moon Song-soo speaks during a press conference timed with the launch of an advanced data analytics platform called Knowledge Works in Seoul on July 21. Photo courtesy of Altair Korea

‘Knowledge Works’ aims to help companies make data-driven decisions

Altair Korea said July 21 that the Korean subsidiary of U.S. tech giant Altair Engineering had launched an advanced data analytics platform called Knowledge Works here.

Knowledge Works is an analytics process automation platform, which is composed of four products, including predictive anlaytics workbench dubbed Knowledge Studio.

The other three are Monarch, which extracts data from any source in a fast and easy way, and Knowledge Hub that offers team-driven data preparation and a centralized data marketplace.

Finally, the Panopticon streaming analytics platform gives business users and engineers the tools necessary to build and deploy their own real-data monitoring and analysis applications, according to Altair Korea.

It is most significant to make data-driven decisions in a prompt manner to grapple with the increasing uncertainties of today’s fast-changing markets,” Altair Korea chief Moon Song-soo said in a press conference in Seoul.

Even those without expertise in coding can easily take advantage of Knowledge Works. Its track records of having offered data analytics solutions over the past 35 years are its big strengths.”

He added that more than 11,000 global customers depend on Altair’s technology and platforms, including major South Korean companies like Samsung Electronics and Hyundai Motor.

The former is the world’s largest maker of memory chips and smartphones, while the latter is the country’s leading automotive company.

Altair Korea Senior Director Lee Jong-hyuk said that Knowledge Works would help businesses leap forward in these challenging periods.

Companies know that they have to make decisions based on data. But they fail to do so more often than not,” Lee said. “Altair Knowledge Works help them make data-driven decisions in many ways.”

Altair Engineering is headquartered in Troy, Michigan, United States. It operates scores of offices throughout more than 20 countries.

The outfit beefed up its competitive edge by acquiring Datawatch Corporation in 2018. Dtawatch provides data intelligence with market-leading enterprise data preparation, predictive analytics, and visualization solutions.