Elastic Recognized as a Leader in 2024 Gartner Magic Quadrant for Observability Platforms

Business Wire 14-Aug-2024 11:10 AM

Recognized for Completeness of Vision and Ability to Execute

Elastic (NYSE:ESTC), the Search AI Company, has been positioned by Gartner as a Leader in the Magic Quadrant for Observability Platforms for its offering, Elastic Observability¹. The evaluation was based on specific criteria that analyzed the company's overall Completeness of Vision and Ability to Execute.

"We believe Elastic's recognition as a Leader in the 2024 Gartner Magic Quadrant for Observability Platforms attests to the innovation that Elastic has delivered," said Abhishek Singh, general manager of Observability at Elastic. "With the evolution of AI, exponential growth in data complexity, and customers' increased focus on business performance and continuity, Elastic is in a strong position to meet customers' future observability needs while helping them manage costs."

Powered by the Elastic Search AI Platform, Elastic Observability helps prevent outages through proactive insights and a no-compromise Search AI platform that enables customers to retain and use all their data. It improves operational efficiency with reduced costs while future-proofing an organization's investment.

Elastic believes that its observability solution provides customers with the following differentiating features:

• Proactive issue detection and resolution with contextual observability, automatically combining operational and business datasets to efficiently surface accurate and proactive insights with AI and machine learning.
• No compromise observability that delivers up to 50% savings with the Elastic Search AI platform, which enables real-time insights and analysis across all data, eliminating monitoring blind spots common in today's tools.
• Future-proofs observability investments with an open solution that integrates seamlessly with an organization's existing technology ecosystem and is extensible to their evolving needs.
• Upskills SREs with accurate insights from AI augmented by private data. Achieves unparalleled correlation and context across petabytes of indexed data with incredibly fast analytics.
• Improves uptime with a unified data store at an unmatched scale, eliminating the need for rehydration while enabling long-term historical analysis, reducing errors, and improving planning.

"Our aim was to create a ‘single pane of glass' for anyone in the company to consume the data, metrics and logs they need," said Joel Miller, senior director of Platform Engineering at Equinox. "Elastic provided a state-of-the-art observability solution and significantly lowered our costs. We also cut the time to deploy fixes by 50%."

A Gartner Magic Quadrant is a culmination of research in a specific market, giving you a wide-angle view of the relative positions of the market's competitors. A Magic Quadrant provides a geographical competitive positioning of four types of technology providers, in markets where growth is high and provider differentiation is distinct: Leaders, Visionaries, Niche Players and Challengers.

View a complimentary copy of the Magic Quadrant report to learn more about Elastic's strengths and cautions, among other provider offerings, here.

¹ Source: Gartner, "Magic Quadrant for [Observability Platforms]," [Gregg Siegfried, Matt Crossley, Mrudula Bangera, Padraig Byrne], [August 2024].

Additional Resources

• Learn more about Elastic Observability and our position in the Gartner Magic Quadrant here.
• Get started with Elastic Observability here.

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About Elastic

Elastic (NYSE:ESTC), the Search AI Company, enables everyone to find the answers they need in real-time using all their data, at scale. Elastic's solutions for search, observability and security are built on the Elastic Search AI Platform, the development platform used by thousands of companies, including more than 50% of the Fortune 500. 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.

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