Enhanced Investments - Financial Portal

Elastic Announces First-of-its-kind Search AI Lake to Scale Low Latency Search

Published: 2024-05-15 13:00:00 ET

The pioneering architecture powers a new Elastic Cloud Serverless offering for rapid search, observability, and security workloads

SAN FRANCISCO--(BUSINESS WIRE)-- Elastic (NYSE: ESTC), the Search AI Company, today announced Search AI Lake, a first-of-its-kind, cloud-native architecture optimized for real-time, low-latency applications including search, retrieval augmented generation (RAG), observability and security. The Search AI Lake also powers the new Elastic Cloud Serverless offering, which removes operational overhead to automatically scale and manage workloads.

With the expansive storage capacity of a data lake and the powerful search and AI relevance capabilities of Elasticsearch, Search AI Lake delivers low-latency query performance without sacrificing scalability, relevance, or affordability.

Search AI Lake benefits include:

Boundless scale, decoupled compute and storage: Fully decoupling storage and compute enables effortless scalability and reliability using object storage, dynamic caching supports high throughput, frequent updates, and interactive querying of large data volumes. This eliminates the need for replicating indexing operations across multiple servers, cutting indexing costs and reducing data duplication.

Real-time, low latency: Multiple enhancements maintain excellent query performance even when the data is safely persisted on object stores. This includes the introduction of smart caching and segment-level query parallelization to reduce latency by enabling faster data retrieval and allowing more requests to be processed quickly.

Independently scale indexing and querying: By separating indexing and search at a low level, the platform can independently and automatically scale to meet the needs of a wide range of workloads.

GAI optimizednative inference and vector search: Users can leverage a native suite of powerful AI relevance, retrieval, and reranking capabilities, including a native vector database fully integrated into Lucene, open inference APIs, semantic search, and first- and third-party transformer models, which work seamlessly with the array of search functionalities.

Powerful query and analytics: Elasticsearch’s powerful query language, ES|QL, is built in to transform, enrich, and simplify investigations with fast concurrent processing irrespective of data source and structure. Full support for precise and efficient full-text search and time series analytics to identify patterns in geospatial analysis are also included.

Native machine learning: Users can build, deploy, and optimize machine learning directly on all data for superior predictions. For security analysts, prebuilt threat detection rules can easily run across historical information, even years back. Similarly, unsupervised models perform near-real-time anomaly detections retrospectively on data spanning much longer time periods than other SIEM platforms.

Truly distributed - cross-region, cloud, or hybrid: Query data in the region or data center where it was generated from one interface. Cross-cluster search (CCS) avoids the requirement to centralize or synchronize. It means within seconds of being ingested, any data format is normalized, indexed, and optimized to allow for extremely fast querying and analytics. All while reducing data transfer and storage costs.

Search AI Lake powers a new Elastic Cloud Serverless offering that harnesses the innovative architecture’s speed and scale to remove operational overhead so users can quickly and seamlessly start and scale workloads. All operations, from monitoring and backup to configuration and sizing, are managed by Elastic – users just bring their data and choose Elasticsearch, Elastic Observability, or Elastic Security on Serverless.

“To meet the requirements of more AI and real-time workloads, it’s clear a new architecture is needed that can handle compute and storage at enterprise speed and scale – not one or the other,” said Ken Exner, chief product officer at Elastic. “Search AI Lake pours cold water on traditional data lakes that have tried to fill this need but are simply incapable of handling real-time applications. This new architecture and the serverless projects it powers are precisely what’s needed for the search, observability, and security workloads of tomorrow.”

Search AI Lake and Elastic Cloud Serverless are currently available in tech preview. For more information on how to get started, read the Elastic blog.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240515604306/en/

Elastic Global PR PR-team@elastic.co

Source: Elastic N.V.

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.