New Relic Named AIOps Observability Leader by GigaOm
June 15 2023 - 9:00AM
Business Wire
New Relic is near the center of the AIOps
Radar, representing a high overall value to customers seeking AIOps
capabilities to reduce revenue loss and increase operational
efficiency
New Relic, the all-in-one observability platform for every
engineer, announced it has been named a Leader and Fast Mover in
the 2023 GigaOm Radar for AIOps. The report evaluated 30 AIOps
solutions providers based on specific metrics, including vendor
execution, product roadmap, and ability to innovate. GigaOm
positioned New Relic as close to the center of the Radar,
outperforming direct competitors in the observability space,
representing the highest overall value to customers seeking AIOps
capabilities today and over the next 12-18 months.
“AIOps is transforming the way engineers surface the most
important insights and actions from the vast amount of data
generated by their applications and infrastructure. Any solution
designed to help engineers to do this faster, better, and smarter
while also making it easy for engineers to utilize is going to
capture a large proportion of this growing opportunity,” said
GigaOm Principal Analyst Ron Williams. “This year, New Relic
is once again a Leader and is near the center of our AIOps Radar
for strengths, such as its good data ingestions capability,
built-in automated remediation engine and ability to leverage other
orchestration tools via API integration.”
“AIOps and generative AI are redefining the observability
experience for the next decade,” said New Relic Chief Product
Officer Manav Khurana. “GigaOm’s recognition reflects our
accelerated innovation year-over-year to help engineers get ahead
of issues, create loyalty-worthy customer experiences, and deliver
greater value to their organizations.”
New Relic was first to market with an OpenAI monitoring solution
and observability-first generative AI assistant, called New Relic
Grok. New Relic is democratizing access to observability and
further differentiating its capabilities from competitive
observability platforms by allowing engineers to use robust AI
capabilities that can eliminate the need to manually sift through
data to monitor application and infrastructure performance. With
one of the largest databases of telemetry data, New Relic will
combine OpenAI’s large language models with the breadth of its
unified telemetry data platform, enabling better AI response
quality.
New Relic receives the highest ranking for the following
areas:
- Cost and value: Consumption-based pricing allows
predictability of costs and control over data storage without
displacing existing tools.
- Ease of use: The New Relic UI is continuously improving,
consistent across modules, and navigation exceeds the industry
average for an AIOps platform.
- Scalability: New Relic scales with enterprises,
integrates with all hyperscalers, allows toggling between different
clouds or services, and allows users to view performance metrics in
a single dashboard.
- Manageability and maintainability: New Relic Database
(NRDB) houses logs, metrics, traces, events, and structured and
unstructured data through its single data repository.
- Data collection and analytics: New Relic Telemetry Data
Platform (TDP) unifies data in one place, removes data silos, and
enables visibility and insights across the stack.
- Predictive capabilities: Machine Learning (ML)
algorithms allow advanced prediction of potential issues and
failures, and AutoML enables a clear view of data and
recommendations for noise reduction.
To learn more:
- Complimentary copy of the report
- Blog Post
- 2023 GigaOm Radar for Cloud Observability
- New Relic AIOps capabilities
- Generative AI at New Relic, New Relic Grok
About New Relic
As a leader in observability, New Relic empowers engineers with
a data-driven approach to planning, building, deploying, and
running great software. New Relic delivers the only unified data
platform that empowers engineers to get all telemetry—metrics,
events, logs, and traces—paired with powerful full stack analysis
tools to help engineers do their best work with data, not opinions.
Delivered through the industry’s first usage-based consumption
pricing that’s intuitive and predictable, New Relic gives engineers
more value for the money by helping improve planning cycle times,
change failure rates, release frequency, and mean time to
resolution. This helps the world’s leading brands including adidas
Runtastic, American Red Cross, Australia Post, Banco Inter, Chegg,
GoTo Group, Ryanair, Sainsbury’s, Signify Health, TopGolf, and
World Fuel Services (WFS) improve uptime, reliability, and
operational efficiency to deliver exceptional customer experiences
that fuel innovation and growth. www.newrelic.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230615976423/en/
Media Contact Kerry Baker New Relic, Inc. PR@newrelic.com
Investor Contact Ingo Friedrichowitz New Relic, Inc.
IR@newrelic.com
New Relic (NYSE:NEWR)
Historical Stock Chart
From May 2024 to Jun 2024
New Relic (NYSE:NEWR)
Historical Stock Chart
From Jun 2023 to Jun 2024