Splunk Accelerates Digital Transformation With Enterprise Observability

Rhea-AI Summary

Splunk Inc. (NASDAQ: SPLK) has announced significant enhancements to its observability portfolio, aimed at boosting application performance and productivity.

The new features include Splunk Application Performance Monitoring, Real User Monitoring, and others, enabling businesses to achieve faster innovation and improved user experiences. Customers like Agero report enhanced efficiency and customer satisfaction through these solutions. With these advancements, Splunk aims to address the increasing challenges faced by IT and DevOps teams in a cloud-native environment.

Positive

• Introduction of advanced observability features, enhancing application performance by up to 80%.
• Improved visibility for customers enables faster issue resolution and better user experiences.
• Agero's successful implementation demonstrates tangible customer value and operational efficiency.

Negative

• None.

New Enhancements Advance Splunk’s Best-in-Class Observability, Driving Better Application Performance, Increased Productivity and Faster Innovation for End Users

SAN FRANCISCO & .conf21--(BUSINESS WIRE)-- Splunk Inc. (NASDAQ: SPLK), a data platform leader, today announced the latest enhancements to the Splunk observability portfolio including advanced product innovations for Splunk Application Performance Monitoring (APM), Splunk Real User Monitoring (RUM), Splunk Synthetic Monitoring, Splunk Log Observer, Splunk Infrastructure Monitoring and Splunk IT Service Intelligence. With these expanded observability capabilities, Splunk customers gain increased visibility across all environments, significantly accelerating performance, productivity and innovation, all the while propelling their data-driven transformations forward.

In today’s hyper-digital world, IT and DevOps teams are feeling pressure from all sides of the business to innovate faster, keep services reliable and deliver exceptional customer experiences. This strain is only intensified by the continued adoption of cloud-native technologies and the increasingly complex infrastructure and applications that accompany them. The Splunk observability portfolio provides customers with a unified solution that offers full-stack, service-centric, AI-powered observability and complete control of their data — metrics, traces and logs — from the front-end device to the back-end application service, all in real-time and at scale. With Splunk’s observability capabilities, customers gain increased visibility and actionable insights across the complete user experience, enabling them with faster time-to-value to drive business outcomes.

“Observability at its core is a data opportunity, and to use that data effectively organizations need a solution that can help ingest and analyze high-velocity data across increasingly dynamic environments and architectures,” said Spiros Xanthos, VP of Product Management, Observability and IT Operations, Splunk. “Our advanced observability capabilities bring monitoring into the modern era, empowering IT and DevOps teams to find, fix and prevent issues at any stage of their digital transformation journeys so they can deliver optimal user experiences.”

Roadside assistance company Agero is just one example of a customer leveraging Splunk’s observability capabilities to accelerate digitization across its business and drive customer value.

“In an industry where phone calls are the standard, Splunk’s observability solutions have helped us upend this by enabling us to deliver an entirely digital, agentless experience to consumers in need of roadside assistance,” said Billy Macdonald, Senior Director, DevOps, Agero. “By leveraging Splunk’s observability capabilities across our cloud environment and infrastructure, our site reliability engineers and developers gain end-to-end visibility to monitor, track and troubleshoot issues before they impact our customers, ultimately delivering a better customer experience.”

Splunk Expands Breadth and Depth of Industry-Leading Observability

Splunk has increased the breadth and depth of its industry-leading observability portfolio, enabling customers with the most comprehensive view of their services, infrastructure, applications and users. To enhance the reliability and performance of customers’ existing monolithic applications, Splunk unveiled the new AlwaysOn Profiling for Splunk APM, currently in preview. Splunk AlwaysOn Profiling extends existing full-fidelity tracing to provide customers with continuous code-level visibility and analysis so they can find and fix service bottlenecks, along with identifying resource optimization and cloud cost savings opportunities. Splunk is also previewing enhanced Database Visibility for Splunk APM, which automatically uncovers slow queries that are causing transaction latency, without having to instrument their databases. With these innovations, Splunk APM customers can now monitor and troubleshoot application performance issues up to 80% faster, accelerating code deployments and reducing service interruptions before they impact the end user.

With the general availability of Splunk RUM for Mobile Applications based on OpenTelemetry standards, customers gain comprehensive performance monitoring and directed troubleshooting for native and hybrid mobile applications on iOS and Android. Splunk is also providing on-call site reliability engineers and developers with the flexibility to be responsive and productive, no matter where they are in the world, with the general availability of Splunk Observability Cloud for Mobile. Splunk Observability Cloud for Mobile allows teams to quickly view, respond to and triage incidents right from their mobile devices.

Splunk Accelerates Time-To-Value for Customers with Out-of-the-Box Capabilities and Integrations

Splunk is making it easier to get started with observability. With the new integration between Splunk Log Observer and Splunk Enterprise, currently in preview, existing Splunk customers can leverage Splunk’s intuitive observability interface to explore and troubleshoot any logs in the Splunk platform. This helps customers centralize their log data in Splunk Enterprise, as well as correlate metric and trace data in observability with those logs.

Splunk is also ramping up customers’ ability to turn data into insight, fast. With new out-of-the-box dashboards and detectors, Splunk customers gain instant value and reduce any heavy lifting with initial setup. The new Splunk Infrastructure Monitoring AutoDetect, currently in preview, simplifies onboarding and accelerates time-to-value by automatically discovering infrastructure anomalies and intuitively incorporating alert status into dashboards. Additionally, the Splunk App for Content Packs act as a one-stop shop for prepackaged content, out-of-the-box searches and dashboards for common IT infrastructure apps and services — including new Content Packs for managing Microsoft365, Third-party APM tools and Synthetic Monitoring.

“With Splunk as a key partner, our global clients are accelerating their cloud transformations at record pace, driving business agility and improved operational efficiency across their organizations,” said Ankur Jalpota, AIOps Global Presales & Practice Head, Cloud & Infrastructure Services, Wipro. “With Splunk’s observability portfolio, we’re helping our customers navigate the operational challenges that come with managing complex hybrid and multicloud environments. Splunk’s comprehensive observability solutions enable us to simplify application resource management, improve infrastructure utilization and optimize public cloud costs, ultimately providing our customers with increased time-to-value and better end experiences.”

For more information on Splunk’s observability solutions, visit the Splunk website.

Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding Splunk’s observability products and services, including enhancements for Splunk APM, integrations, and information about Splunk’s roadmap outlines and general product direction. We undertake no obligation either to develop the features or functionalities described (in preview or beta, which are used interchangeably) or to include any such feature or functionality in a future release. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: risks associated with Splunk’s rapid growth, particularly outside of the United States; Splunk’s inability to realize value from its significant investments in the company’s business, including product and service innovations and through acquisitions; Splunk’s shift from sales of licenses to sales of cloud services which impacts the timing of revenue and margins; a shift from generally invoicing multi-year contracts upfront to invoicing on an annual basis, which impacts cash collections; Splunk’s transition to a multi-product software and services business; Splunk’s inability to successfully integrate acquired businesses and technologies; Splunk’s inability to service its debt obligations or other adverse effects related to the company’s convertible notes; the emergence of new COVID-19 variants such as the Delta variant, the impact of new variants such as the Delta variant and related public health measures on our business, as well as the impact of new variants such as the Delta variant on the overall economic environment, including customer buying capacity, urgency and patterns; and general market, political, economic, business and competitive market conditions.

Additional information on potential factors that could affect Splunk’s financial results is included in the company’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2021, which is on file with the U.S. Securities and Exchange Commission (“SEC”) and Splunk’s other filings with the SEC. Splunk does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

About Splunk Inc.
Splunk Inc. (NASDAQ: SPLK) helps organizations around the world turn data into doing. Splunk technology is designed to investigate, monitor, analyze and act on data at any scale.

Splunk, Splunk>, Data-to-Everything, D2E and Turn Data Into Doing are trademarks and registered trademarks of Splunk Inc. in the United States and other countries. All other brand names, product names, or trademarks belong to their respective owners. © 2021 Splunk Inc. All rights reserved.

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Media Contact

Kaitlyn Hopkins

Splunk Inc.

press@splunk.com



Investor Contact

Ken Tinsley

Splunk Inc.

ir@splunk.com

Source: Splunk Inc.

FAQ

What recent enhancements has Splunk (SPLK) made to its observability portfolio?

Splunk has added advanced features like Application Performance Monitoring and Real User Monitoring to enhance application performance and productivity.

How are customers like Agero benefiting from Splunk's (SPLK) solutions?

Agero reports improved efficiency and customer satisfaction by leveraging Splunk's observability capabilities for end-to-end visibility.

What impact do Splunk's (SPLK) enhancements have on application performance?

The new features allow customers to monitor and troubleshoot application performance issues up to 80% faster.

How does Splunk (SPLK) support IT and DevOps teams?

Splunk provides a unified solution that offers full-stack observability, allowing teams to find and fix issues efficiently.