RapidMiner, the industry’s easiest-to-use Modern Analytics platform, today announced significant updates to the most comprehensive advanced analytics offering on the market today. In a world where data lakes are often used solely as a repository for information, underutilized due to the state of the market and limits of technology, RapidMiner’s aggressive advances turn the tide for data scientists and business users alike to extract business value from Big Data.
Most analytics vendors extract data from Hadoop to build and score analytic models. Moving Big Data out of Hadoop reintroduces bottlenecks and increases complexity. Only a few analytics vendors push down analytics computation to Big Data in Hadoop. RapidMiner pushes the computation of more than 250 machine learning models directly to the data in the cluster, making it easy to deploy powerful predictive analytics into production inside Hadoop.
The new platform will be showcased in Booth #1421 at this week’s Strata + Hadoop World taking place through February 20 in San Jose, California. Attendees of the conference are encouraged to take the RapidMiner Challenge to build and deploy a machine learning model in-Hadoop in 10 minutes or less.
“With our pushdown Hadoop processing in RapidMiner Radoop, combined with our recent announcement of RapidMiner Streams, it’s easy to see that we are quickly turning dormant data lakes into money-making machines where enterprises can maximize the business value from their data,” said RapidMiner CEO and Co-founder Ingo Mierswa. “Predictive analytics is no longer a nice-to-have competitive advantage. It’s an absolute business necessity. Nobody else offers what RapidMiner does, and our latest release establishes us as the de facto modern analytics platform.”
“Many companies are still deterred by the complexity of building analytics applications on a complicated big data technology stack,” said Nik Rouda, senior analyst at ESG. “RapidMiner is differentiated both by offering a solution that is very deep and yet still user-friendly, attributes which will enable faster development in a wide range of environments.”
RapidMiner is the only code-free advanced analytics platform available commercially that can execute analytical processes in-memory, in-Hadoop, in-Cloud, in-Stream and in-database.
New in-Hadoop Model Scoring Delivers Up to 20x in Performance Compared to Legacy Hadoop Model Scoring
RapidMiner Radoop, which automatically creates an optimized analytic execution plan based on the unique Hadoop cluster configuration, now integrates machine learning algorithms from MLlib, Apache Spark’s machine learning library. This RapidMiner Radoop release includes push down processing for logistic regression and decision tree algorithms that can be trained natively in Hadoop, making use of the full distributed computation power of Spark in a Hadoop cluster.
RapidMiner Radoop Integrates with Kerberos Authentication Security
Data security is top of mind for enterprises worldwide. This crucial business requirement typically delays analysis, but not with RapidMiner. RapidMiner Radoop easily integrates with Kerberos authentication securing Hadoop clusters, making it easy to perform large-scale data exploration, model building and model scoring while complying with well-adopted security standards.
RapidMiner Takes Self-Service Analytics to Next Level with Guided Analytics
Wisdom of Crowds
RapidMiner continues to differentiate itself from other advanced analytics providers by offering a guided approach to building predictive analytics based on the wisdom gleaned from the 250,000 member strong RapidMiner community. The analytic best practice, or wisdom from the crowd, is mined via RapidMiner machine learning to recommend how to best build a predictive model. As users are always experimenting and learning, the latest innovations happening in the community are offered up as recommendations. This unique feature, which leverages the power of the RapidMiner community to create recommendations, makes it easier to develop more accurate predictive models, no matter how sophisticated the end user may be.
This new release now includes context-aware recommendations, resulting in more relevant and focused guidance. This context awareness gives RapidMiners better understanding of how other users are solving similar problems, and by tapping into that wisdom, offers up better recommendations that accelerate their time-to-value.
The new platform also now includes recommendations for parameter settings. Tuning parameters is critical when developing analytic work flows and is a notoriously tedious and difficult task, especially for beginners. The RapidMiner parameter recommender uses the knowledge and experience of the community to recommend and fine tune parameters which improves the model accuracy and results.
“This release signals a major leap forward for Hadoop users and our total RapidMiner community. Spark is lightning fast compared to other native Hadoop analytics,” said RapidMiner President and COO Michele Chambers. “Our approach to creating optimized analytic execution plans for Hadoop is unique in the market and reflects the reality of the variety of Hadoop clusters used by customers. We believe that every customer should ‘have it their way’ and still easily get value out of Big Data. Now, we’ve made it so. And we made it easy.”
To see the full list of extensive updates to the RapidMiner Modern Analytics platform, visit www.rapidminer.com.
Modern analytics leader RapidMiner nabs $15 million in funding
RapidMiner, the industry’s easiest-to-use Modern Analytics platform, today announced it closed $15 million in Series B investment led by Ascent Venture Partners and Longworth Venture Partners, with renewed commitment from Series A investors, Earlybird Venture Capital and Open Ocean Capital. This brings the total investment in RapidMiner to $20 million. The new capital will enable RapidMiner to execute on aggressive growth plans as the company furthers its global agenda to bring self-service advanced analytics to next-generation data scientists.
“The Big Data rush is here today, and companies that can quickly and efficiently capitalize on this will emerge leaders,” shared Luke Burns, partner at Ascent Venture Partners. “RapidMiner’s code-free advanced analytics platform puts the power of modern analytics into the hands of business analysts and data scientists, optimizing productivity and making it easier for anyone to use predictive analytics.”
RapidMiner reached a number of major growth milestones since closing its initial investment round in late 2013, including its acquisition of Radoop, a code-free environment for distributed analytics in Hadoop. RapidMiner Radoop added significantly to the company’s rich analytics platform, resulting in the most comprehensive modern analytics offering on the market.
“RapidMiner is the only code-free predictive analytics solution on the market that can execute analytical processes in-memory, in-Hadoop, in-Cloud, in-Stream and in-database,” added Nilanjana Bhowmik, partner at Longworth Venture Partners. “We’re consistently seeing the RapidMiner team push the envelope and look ahead at what its community of users need for accurate business decisions, making it the dominant leader of the next generation of modern analytics platforms.”
In the last year, RapidMiner has:
- Tripled product revenues.
- Secured dozens of net new customers and strategic partnerships including Corning, Ustream and Hitachi, Ltd.
- Received recognition from Gartner, Inc., placing the company in the leader quadrant in the “Gartner Magic Quadrant for Advanced Analytics Platforms” in February 2014.
- Directly addressed the Internet of Things (IoT) and machine-to-machine communications with the debut of RapidMiner Streams, a code-free environment that simplifies and distributes analytics on Apache Storm.
- Brought to market several new editions of its platform to support predictive analytics in the cloud, streaming data and Big Data analytics in Hadoop.
- Grew RapidMiner’s community to more than 250,000 active users along with the number of paid subscribers over the last two years.
“The fast growth at RapidMiner is evidence of the strong demand in the market for a platform that accelerates time-to-value for customers,” said Jason Whitmire, partner at Earlybird Venture Capital. “Putting the power of Big Data into the hands of business users is something that’s historically been difficult to execute, but RapidMiner and its strong community prove it’s possible today.”
RapidMiner plans to grow its 60+ person global team with this latest infusion of capital. Key hiring areas include partnerships and alliances, research and development, sales and marketing, product marketing, support and general administration.
“We’re thrilled to strengthen the RapidMiner team with such strong investment partners who understand the importance of Big Data analytics in the enterprise,” said Ingo Mierswa, co-founder and CEO of RapidMiner. “This new capital will allow us to invest further in strengthening our leadership position as the de facto modern analytics platform.”