Knowledge Studio 2021.1 Now Available

Hugh_R_Heinsohn · March 2021

Knowledge Studio 2021.1 is now available to all licensed users. We recommend that all customer organizations plan your upgrade now. Click here to read the release notes for complete details on changes in this new version. The attached PDF contains a high level summary of the changes in this release as well.

Watch this video for a quick introduction to the changes and improvements in Knowledge Studio 2021.1:

Here’s a high-level summary of the changes in Knowledge Studio 2021.1:

ARIMA Algorithms: You can now add Autoregressive Integrated Moving Average (ARIMA) models to your AI workflows with a fully menu-driven user interface. The new release includes Auto ARIMA functions that automatically estimate values for ARIMA parameters using grid search or step-wise algorithm. ARIMA is a simple yet powerful method for making skillful time series forecasts, often incorporating seasonal and other types of semi-regular variations. For example, you can use ARIMA models to forecast:
- Electricity and raw materials utilization in a factory
- Output volumes in an oil refinery
- Fuel consumption for truck fleet, rail, and seaborne shipping companies
- Patient churn and intake volumes in hospitals
- Sales, income, and expenses in any kind of business
Auto-Feature Engineering: You may now specify relationships between multiple tables, and automatically generate transformations and aggregations for every available combination of model features. This automatic function will save you time in developing new models and reduce the possibilities for model design errors.
AutoML: Ability to run Grid Search for a single model and new cross validation option, which will significantly reduce the time required to build a new workflow.