Elastic has announced a significant return on investment for enterprises using its AI platform, according to a new IDC Business Value study. The study, which involved 11 enterprises, highlights a 517% three-year ROI with a payback period of just 11 months.
Key Findings from the Study
The study reveals that enterprises leveraging the Elasticsearch Platform for AI development experienced a 40% faster time to a minimal viable AI product. Additionally, development team productivity increased by 27%, allowing teams to build, modify, and deploy use cases more effectively.
Importance of Reliable AI Foundations
The study emphasizes that AI is only as reliable as the search and retrieval layer underneath it. Without accurate context, generative and agentic experiences may produce unreliable answers, reducing business value.
For more information, visit the Elastic website.
About Elastic
Elastic is a company specializing in search-powered solutions, enabling organizations to find, analyze, and act on data insights in real-time.
