Independent Research Firm Names Elastic a Strong Performer in Artificial Intelligence for IT Operations (AIOps)

Rhea-AI Summary

Elastic (NYSE: ESTC) has been recognized as a Strong Performer by Forrester Research in its The Forrester Wave™: Artificial Intelligence For IT Operations, Q4 2022 report. The evaluation analyzed 11 vendors across 35 criteria, with Elastic achieving top scores in 13 areas including data collection and dashboard capabilities. The report highlights Elastic's robust data management and machine learning functionalities, which are essential for observing complex environments. Elastic's solutions cater to over 19,000 customers, providing comprehensive operational visibility and problem resolution.

Positive

• Recognized as a Strong Performer in The Forrester Wave™ for AI in IT Operations.
• Achieved highest scores in 13 evaluation criteria, indicating strong market position.
• Robust data management capabilities enhance observability in complex environments.
• Supports over 19,000 customers including many Fortune 500 companies.

Negative

• None.

Strengths include the ability to consume and process large datasets across a broad array of data types

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Elastic (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch, today announced that it has been named a Strong Performer by Forrester Research in The Forrester Wave™: Artificial Intelligence For IT Operations, Q4 2022. Download the complimentary report here.

The report evaluates 11 vendors based on 35 criteria grouped into three categories: current offering, strategy, and market presence. Elastic received the highest scores possible in 13 evaluation criteria, including data sources and ingestion, data collection and automation, data retention/tiering/rehydration, mapping - general, distributed tracing, application diagnostics, container monitoring, quantification and validation, discovery and enrichment, prediction and probability, dashboard and reporting capabilities, deployment options, partner ecosystem.

According to Forrester’s evaluation, “Its search-powered solution is enabled by its ability to consume and process large datasets, with extensive native support for a broad array of data types. This strength positions Elastic well in an environment where telemetry data, sources, and cardinality continue to exponentially increase.”

The report also cites that, “Elastic pushes the limits of data management capabilities. Capabilities such as anomaly detection, data correlation, and interactive modeling of large datasets are core to Elastic implementations. Its monitoring support for containers and orchestrators is comprehensive.”

“Given the expansive nature of today’s observability across complex hybrid and multi-cloud environments, the implementation of AIOps has become crucial for a growing number of IT teams to digest their petabyte-scale telemetry,” said Sajai Krishnan, General Manager, Observability, Elastic. “We believe our recognition in this report, in our first year of consideration, further validates our approach to providing an open, unified solution that offers our customers deep, end-to-end visibility into even their most complex environments so they can detect, investigate, and remediate issues and incidents faster. Our machine learning capabilities and the flexibility for customers to bring their own models to apply across logs, traces, and metrics in an integrated manner sets us up strongly for further advancing AIOps value for our customers.”

Elastic Observability collects, centralizes, and analyzes observability data at scale, delivering full-stack visibility into some of the most complex, cloud-native environments. Users can automate problem resolution and streamline operations with integrated domain-specific machine learning and anomaly detection to reduce time-consuming troubleshooting. Elastic's out-of-box machine learning underpins observability workflows across log, APM, and metrics data to provide rich context, identify anomalies, and accelerate problem resolution.

For more information, read The Forrester Wave™: Artificial Intelligence For IT Operations, Q4 2022 and our blog post, Elastic recognized as a Strong Performer in The Forrester Wave™ Artificial Intelligence for IT Operations, Q4 2022 (AIOps).

About Elastic:

Elastic (NYSE: ESTC) is a leading platform for search-powered solutions. We help organizations, their employees, and their customers accelerate the results that matter. With solutions in Enterprise Search, Observability, and Security, we enhance customer and employee search experiences, keep mission-critical applications running smoothly, and protect against cyber threats. Delivered wherever data lives, in one cloud, across multiple clouds, or on-premise, Elastic enables 19,000+ customers and more than half of the Fortune 500, to achieve new levels of success at scale and on a single platform. Learn more at elastic.co.

Elastic and associated marks are trademarks or registered trademarks of Elastic N.V. and its subsidiaries. All other company and product names may be trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221214006118/en/

Chloe Guillemot

Elastic Public Relations

PR-Team@elastic.co

Source: Elastic N.V.

FAQ

What recognition did Elastic receive in Q4 2022?

Elastic was named a Strong Performer by Forrester Research in The Forrester Wave™: Artificial Intelligence For IT Operations.

How many vendors were evaluated in the Forrester report for AI Operations?

The report evaluated 11 vendors based on 35 criteria.

Which aspects did Elastic score highest in according to Forrester's report?

Elastic received the highest scores in areas like data sources, data collection, and dashboard capabilities.

How does Elastic's solution benefit its customers?

Elastic's solution provides deep visibility and problem resolution across complex environments, enhancing operational efficiency.

What is Elastic's stock symbol?

Elastic's stock symbol is ESTC.