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Sourcetable Integration

Splunk Cloud vs Altair Panopticon: A Comparative Analysis

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    Overview

    Choosing the right business intelligence tool is crucial for data-driven decision-making. This page compares Splunk Cloud and Altair Panopticon, two leading platforms in the field of data analytics and visualization.

    While both tools offer robust capabilities, they cater to different needs and preferences. Our analysis will highlight the unique features, benefits, and limitations of Splunk Cloud and Altair Panopticon to inform your choice.

    Additionally, we'll explore how Sourcetable emerges as an alternative, leveraging a modernized, spreadsheet-like interface to streamline business intelligence processes.

    What is Splunk Cloud?

    Splunk Cloud is a data platform service that allows users to search, analyze, visualize, and act on data. It provides a flexible and cost-effective solution for data analytics. The platform can be deployed rapidly, often in as little as two days, and is fully managed by Splunk experts. Splunk Cloud is scalable, meeting diverse analytics needs and supports real-time data investigation across various data types. It ensures the detection and prevention of issues while maintaining high standards of privacy and compliance.

    Key Features

    Splunk Cloud incorporates a broad range of features including Connected Experiences, advanced visualizations, and the Machine Learning Toolkit (MLTK). It is equipped with machine learning and AI capabilities, and can be augmented with over 1,200 apps and add-ons. Furthermore, Splunk Cloud offers transparent pricing and multiple pricing plans to suit different user requirements.

    Compliance and Integrations

    The platform is compliant with multiple certifications such as ISO 27001, SOC 2 Type 2, GDPR, PCI DSS, HIPAA, FedRAMP, and IL5. Its integration capabilities include support for a variety of applications and data sources, including AWS and Apache Kafka. Splunk Cloud enhances data analysis with its proprietary Splunk Search Processing Language (SPL), which features over 140 analytical commands for in-depth data exploration.

    What is Altair Panopticon?

    Altair Panopticon is a service that enables users to access its features through a website. This access is subject to compliance with United States export rules and regulations. Users must ensure they adhere to these regulations when seeking to use the Altair Panopticon service.

    Splunk Cloud vs Altair Panopticon

    Service Focus

    Splunk Cloud is a cloud service specifically designed for machine data, while Altair Panopticon is a data visualization tool primarily used for monitoring and analyzing trading and market data.

    Usage in Financial Sector

    Altair Panopticon is utilized by seven of the top ten banks globally, indicating its strong presence in the financial industry for real-time data analysis. Conversely, Splunk Cloud is employed by various financial institutions including BlackRock, Nasdaq, and Deutsche Bank, showcasing its versatility in handling machine data.

    Reliability and Data Capacity

    Splunk Cloud offers a 100% uptime SLA and provides standard plans ranging from 5GB to 5TB per day, ensuring enterprise-level reliability and scalability. Altair Panopticon does not advertise an uptime SLA or data capacity, as its focus is on data visualization rather than data hosting.

    Enterprise Readiness

    Splunk Cloud is noted as the only enterprise-ready cloud service for machine data, contrasting with Altair Panopticon, which is not targeted toward midsize enterprises and does not monitor machine data.

    Integration Capabilities

    Splunk Cloud can be integrated with various security and monitoring tools such as Wazuh, Splunk Enterprise Security, Check Point Security Management, AppInsights, and Fortinet FortiAnalyzer, enhancing its functionality within IT and security infrastructures. Altair Panopticon does not list integration with these types of services.

    Frequently Asked Questions

    What are the primary use cases for Splunk Cloud and Altair Panopticon?

    Both Splunk Cloud and Altair Panopticon are used for streaming processing and visualization of real-time operational, trading, and market data. Altair Panopticon is specifically used by top banks for monitoring and analyzing real-time trading and market data, and by various industries such as telecommunications, energy, manufacturing, and logistics. Splunk Cloud is used by organizations like BlackRock, Nasdaq, and Deutsche Bank for similar purposes.

    How do the features of Splunk Cloud compare to Altair Panopticon?

    While specific features of Altair Panopticon are not listed, Splunk Cloud offers a range of features including Connected Experiences, Splunk AR, Splunk Mobile, Splunk TV, and the Splunk Secure Gateway. Splunk Cloud also provides end-to-end encrypted cloud service, a variety of data integration tools, custom dashboards, data visualizations, dynamic data storage options, and integration capabilities with other applications. Additionally, Splunk Cloud uses its proprietary Search Processing Language (SPL) for data queries and analysis.

    What industries commonly use Altair Panopticon, and which ones use Splunk Cloud?

    Altair Panopticon is used by seven of the world's top ten banks, as well as the telecommunications, energy, manufacturing, and logistics industries. Splunk Cloud is utilized by various financial institutions and companies such as BlackRock, Nasdaq, Citadel, Citi, Imagine Software, Deutsche Bank, FIS, HSBC, and Morgan Stanley Mindtouch.

    What kind of support and learning resources does Splunk Cloud offer?

    Splunk Cloud offers training and learning paths for users and administrators, as well as support and professional services for adoption, implementation, and troubleshooting.

    Can Splunk Cloud integrate with other applications, and what kind of integrations does it offer?

    Yes, Splunk Cloud can integrate with other applications. It offers ODBC integrations to access Splunk data in applications such as Microsoft Excel or Tableau, allows integration of Splunk reports in any application, and provides over 2,000 apps and add-ons from Splunk, partners, and the community that are compatible and vetted for Splunk Cloud.

    Conclusion

    In conclusion, when evaluating Splunk Cloud and Altair Panopticon for data analytics needs, it's essential to consider factors such as real-time data processing, advanced analytics, and visualization capabilities. Splunk Cloud excels in extensive data searching and operational intelligence, while Altair Panopticon stands out for its streaming data analysis and interactive visualizations.

    However, for those seeking a unified platform that leverages modern AI technology and integrates seamlessly with various services, Sourcetable provides a compelling alternative. Its AI-powered spreadsheets are designed to streamline data work and replace most business intelligence tools effectively.

    To explore how Sourcetable can transform your business intelligence efforts, book a demo today.

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