Now GA: New Relic Predictions

New Relic Predictions is an advanced tool that leverages AI and machine learning to shift IT teams from reactive incident response to proactive incident prevention, thereby enhancing operational efficiency and reducing downtime. By analyzing historical data, it identifies patterns and provides predictive alerts, allowing teams to address potential issues before they impact system performance. Key features include easy-to-use forecasting tools, causal analysis engines for understanding root causes, and seamless integration within the New Relic platform without the need for additional licenses. Predictive Alerts use the Holt-Winters algorithm for both seasonal and non-seasonal time series, automatically selecting the appropriate model based on historical data behavior. This functionality not only reduces alert fatigue but also maximizes system performance by efficiently allocating resources to critical areas, supporting various use cases such as infrastructure monitoring, application performance, and business strategy forecasting. The platform offers customization options for advanced users and is available under New Relic's Advanced Compute pricing, providing unlimited platform access with a usage-based pricing model.