Elastic & AWS Ink 5-Year Deal to Boost AI Innovation
Artificial Intelligence (AI) has revolutionized the way businesses operate, and its adoption is expected to continue growing rapidly in the coming years. To accelerate this growth, Elastic, a leading platform for search, logging, and security, has announced a new five-year strategic collaboration agreement (SCA) with Amazon Web Services (AWS). This partnership reflects a shared commitment to help organizations transition into AI-native enterprises by providing joint product integrations and go-to-market (GTM) initiatives.
The agreement between Elastic and AWS aims to enable customers to build generative AI-based applications faster and more efficiently, while reducing complexity. This partnership will allow businesses to leverage the strengths of both companies to drive innovation and stay ahead in the competitive landscape.
AI is transforming industries across the globe, from healthcare to finance, and it is essential for businesses to adapt to this new reality. However, many organizations struggle to effectively implement AI solutions due to the complexity and lack of integration with existing infrastructure. Elastic and AWS are well-positioned to address this challenge, providing a robust and scalable platform for AI-native applications.
Under the terms of the agreement, Elastic and AWS will work together to develop joint products and solutions that seamlessly integrate with each other. This will enable customers to leverage the strengths of both companies, including Elastic’s machine learning capabilities and AWS’s vast portfolio of AI services.
The partnership will focus on several key areas, including:
- Joint Product Development: Elastic and AWS will collaborate on developing new products and features that combine the strengths of both companies. This will enable customers to build more sophisticated AI-based applications that can handle large volumes of data and complex workflows.
- Go-to-Market Initiatives: The companies will work together on go-to-market initiatives, including marketing campaigns, sales enablement programs, and customer success initiatives. This will help customers to better understand the value proposition of AI-native applications and how they can leverage Elastic and AWS solutions to achieve their business goals.
- Cloud-Native AI: The partnership will focus on developing cloud-native AI solutions that are designed to take advantage of the scalability and flexibility of the cloud. This will enable customers to build applications that can handle large volumes of data and scale to meet the demands of their business.
- Machine Learning: Elastic and AWS will collaborate on developing machine learning algorithms that are specifically designed for AI-native applications. This will enable customers to build more sophisticated applications that can learn from data and make predictions.
The agreement between Elastic and AWS is a significant development in the AI space, and it has the potential to drive innovation and growth in the industry. By combining the strengths of both companies, Elastic and AWS are well-positioned to help organizations accelerate their transition to AI-native enterprises.
The news of the partnership was announced through a press release issued by Elastic, which highlighted the significance of the agreement and the benefits it will bring to customers. According to the release, the partnership will enable customers to build more sophisticated AI-based applications that can handle large volumes of data and complex workflows.
In a statement, Shay Banon, CEO of Elastic, said, “We are excited to announce our strategic collaboration agreement with AWS. This partnership will enable us to deliver more innovative solutions to our customers and help them accelerate their transition to AI-native enterprises.”
Markus Lötter, Global Head of Strategic Partnerships at AWS, added, “We are thrilled to partner with Elastic to help our customers build more sophisticated AI-based applications. Our collaboration will enable us to deliver more innovative solutions that meet the evolving needs of our customers.”
In conclusion, the partnership between Elastic and AWS is a significant development in the AI space, and it has the potential to drive innovation and growth in the industry. By combining the strengths of both companies, Elastic and AWS are well-positioned to help organizations accelerate their transition to AI-native enterprises.
News Source: https://digitalterminal.in/trending/elastic-and-aws-sign-five-year-deal-to-accelerate-ai-native-innovation
