Updated metrics pricing for Elastic Observability: Best-in-class metrics — now cheaper, too!

Elastic has significantly reduced the cost of TSDS metrics on Elastic Observability Serverless by 75%, pricing them at 25% of the standard per-GB rate for both ingestion and retention. This pricing change makes Elastic's offering much cheaper than competitors like Datadog, as Elastic charges based on data volume rather than per host or custom metrics, leading to substantial cost savings, especially in high-cardinality and densely instrumented environments. The revamped metrics platform, built around a columnar storage engine for time series data, enhances efficiency by allowing metrics to be stored up to 2.5 times more efficiently and reducing query latency by up to 30 times compared to competitors. These improvements, along with native Prometheus ingest and PromQL support, enable Elastic Observability to offer significant cost savings of over 50% in illustrative comparisons with Datadog, demonstrating its efficiency and cost-effectiveness in managing metrics.

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