What's New for Splunk Observability in 2024?

Splunk have been named as a Leader in the 2024 Gartner® Magic Quadrant™ for Observability Platforms.

Gartner defines observability platforms as products that ingest telemetry (operational data) from a variety of sources including, but not limited to, logs, metrics, events and traces. Observability platforms are used by organisations to understand and improve the availability, performance, and resilience of critical applications and services.

From Splunk’s recent report linked below it states: “More than a third of organizations in the U.K. are in the emerging stage of observability (34%), a promising sign that they’ve advanced beyond the beginner stage. At the same time, organizations in the U.K. still have plenty of room for improvement, as only 8% are leaders. Given that they’re less mature in their observability practices, respondents in the U.K. are also slower when it comes to innovation. Releasing an average of 10.8 new products and services annually, they lag behind most other nations surveyed when it comes to the pace of innovation. On the whole, U.K. organizations should keep investing in observability, as it’s producing measurable dividends. Spending $1.3 million annually on observability tools has yielded $3.5 million in business value (above average, relative to other nations). An area of potential investment U.K. organizations can explore is identifying root cause. Sixty-five percent have seen the time to identify root cause accelerate this past year, compared to 71% worldwide. To detect incidents faster, organizations in the U.K. could benefit from AIOps adoption, which brings automation and greater intelligence to investigations. Just 46% are adopters, compared to 52% across all countries.”