Altair, a global technology company providing solutions in product development, high-performance computing, and data analytics, has announced the latest launch of Altair Monarch, a significant new release of its powerful and intuitive data preparation solution.
This launch is also marking the 30th anniversary of Monarch’s original launch; however, the new version strengthens the ability of users to extract and convert data automatically from sources including Excel spreadsheets, PDFs, and text-based files, and prepare it quickly and precisely for efficient data analysis and machine learning predictions.
Monarch converts data from any source into rows and columns without any need for coding and quickly generates clean and accessible reports. More than 80 pre-built functions are available in Monarch, and it also automates laborious and error-prone manual data preparation tasks. The reports that previously used to take hours or even days to create are now can be completed in minutes with Monarch. As a result, users are free to focus on value-added data analysis that supports better decision making.
Some of Monarch’s key features include — Excel trapping, which is a unique feature that enables users to deal with complex Excel inputs. With Excel trapping, rules can now be utilised to extract and add structure to data and metadata from workbooks that are either designed for reporting or incorporate multiple worksheets; improved PDF extraction, which includes identifying graphical elements such as rectangles and lines on rendered PDF page images. Monarch accommodates the diverse range of report styles employed in this format. Any combination of font and background colours can be extracted successfully; and support for Altair Units, which includes Altair’s flexible licensing model that allows customers to pay only for what they need and when they need it.
Sam Mahalingam, chief technical officer, Altair stated in their company release, “With a global user community in the tens of thousands, Monarch encompasses our long experience of helping customers overcome complex data preparation challenges.”
He further said, “Thirty years to the day since the original launch, it is entirely appropriate that we now offer even greater freedom to transform data from multiple sources into a powerful business asset.”