Top 10 AI News You Shouldn’t Miss

7. Elastic N.V. (NYSE:ESTC)

Number of Hedge Fund Holders: 47

Elastic N.V. (NYSE:ESTC) is a search artificial intelligence company. It offers cloud-based solutions that enable users to bring in all kinds of unstructured data and quickly make the data searchable. On December 12, the company announced the general availability of Elasticsearch logsdb index mode. With AI advancements enabling easier analysis of text-based data, logs can be the simplest and most crucial signal for diagnosing issues. The Elasticsearch logsdb index mode is an innovation in log management that reduces log data storage by up to 65%. The innovation allows teams to have increased visibility while keeping all data immediately accessible for analysis. Other key benefits include reduced costs, preservation of valuable data, and streamlined data access.

“Logs are critical for detection and remediation, but the growing log volume generated by infrastructure and applications is driving up costs and forcing compromises that hinder analysis.  Logsdb index mode reduces the disk footprint and overall cost of storing log data with features including smart index sorting, synthetic source and advanced compression”.

-Ken Exner, chief product officer at Elastic.