edgeTI and Grokstream Renew AI Partnership
- None.
- None.
Strong Growth for Combined AI Observability and Automation of IT Operations
Arlington, Virginia--(Newsfile Corp. - March 27, 2024) - Edge Total Intelligence Inc. (TSXV: CTRL) (OTCQB: UNFYF) (FSE: Q5i) ("edgeTI", "Company"), a leading provider of real-time digital operations software (now being referred to as Digital Twins), and Grokstream LLC ("Grok") are seeing strong traction and significant growth for their AI solution - Grok achieved a 200+% increase in annual recurring revenues (ARR) from the combined AI-driven IT observability and automation solution over the last year.
Complex ML Pipeline with GrokView by edgeCore
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10266/203225_b142c4f124e4296a_002full.jpg
The two companies partnered a year ago to visualize and operationalize predictions from Grok as it gleans through millions of IT alerts, logs, metrics, and events using its real-time machine learning pipeline. Using edgeCore™, Grok displays predictions at the end of the machine learning pipeline. It achieves this by leveraging a more extensive range of available signals, including alerts, telemetry, and logs when compared to traditional rules-based AIOps approaches that filter down the signal - ultimately sacrificing prevention and accuracy.
"We believe our growth and extension of services is in part due to a cleaner user interface enabled by the edgeCore™ technology that lets us explain the value of our AI/ML solution at every moment," said Josh Kindiger, President of Grokstream. "Positive feedback from customers affirm that we are aligned with their top three goals: 1) Prevent impacts all you can, 2) Recover as quickly as possible, and 3) Automate operations all you can."
edgeTI's edgeCore front-end creates a digital twin of the Grok process - creating a window for operators to interact with the issues that could not be automated as well as explore issues that were already automated.
"Grokstream has truly delivered something new and affirms that AI and machine learning need to be observable and actionable," said Jim Barrett, CEO of edgeTI. "Our Digital Twin capabilities are important to Grokstream and the collective success of our customers."
In the coming year, the companies will conduct comarketing activities by coordinating industry analyst relations, attending trade events, and collaborating on new markets.
Today's announcement fits with an update regarding edgeTI's Fast Path to Safe and Successful AI, updated March 6, 2024 where Digital Twins were acknowledged as key to AI success and a bridge to the metaverse.
About Grokstream
Grokstream blends neuroscience and advanced machine learning, offering autonomous AI Operations with its flagship product, Grok™ AIOps. With its flexible deployment model and robust capabilities across the AIOps life cycle, it offers unmatched alarm compression, proactive resolution, predictive analytics, and intelligent automation for self-healing. Diverging from conventional AIOps solutions reliant on rigid rules-based approaches, Grok heralds a new era in AIOps with its adaptive learning model.
To learn more about Grokstream, visit https://grokstream.com/ or follow us on LinkedIn. For more information on this story, contact Josh Kindiger at josh@grokstream.com.
About edgeTI
edgeTI helps customers sustain situational awareness and accelerate action with its real-time digital operations software, edgeCore™ that unites multiple software applicates and data sources into one immersive experience. Global enterprises, service providers, and governments are more profitable when insight and action are united to deliver fluid journeys via the platform's low-code development capability and composable operations. With edgeCore, customers improve their margins and agility by rapidly transforming siloed systems and data across continuously evolving situations in business, technology, and cross-domain operations - helping them achieve the impossible.
Website: https://edgeti.com
LinkedIn: www.linkedin.com/company/edgeti
YouTube: www.youtube.com/user/edgetechnologies
Twitter: www.twitter.com/edge_suite
For more information, please contact:
Nick Brigman, Analyst and Press Relations
Phone: 888-771-3343
Email: ir@edgeti.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information and Statements
Certain statements in this news release are forward-looking statements or information for the purposes of applicable Canadian and US securities law. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions.
Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include the competition and general economic, and market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/203225
FAQ
What is the ticker symbol for Edge Total Intelligence Inc.?
What is the ticker symbol for Grokstream ?
What growth did Grok achieve in annual recurring revenues?
What technology enables visualization and operationalization of predictions from Grok?
What are the top three goals for customers according to Josh Kindiger?
