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Monte Carlo vs New Relic comparison

 

Comparison Buyer's Guide

Executive Summary

Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Categories and Ranking

Monte Carlo
Average Rating
9.0
Reviews Sentiment
6.3
Number of Reviews
2
Ranking in other categories
Data Quality (30th), Data Observability (2nd)
New Relic
Average Rating
8.4
Reviews Sentiment
7.0
Number of Reviews
168
Ranking in other categories
Application Performance Monitoring (APM) and Observability (4th), Network Monitoring Software (8th), IT Infrastructure Monitoring (8th), IT Operations Analytics (3rd), Mobile APM (3rd), Cloud Monitoring Software (5th), AIOps (4th)
 

Mindshare comparison

Monte Carlo and New Relic aren’t in the same category and serve different purposes. Monte Carlo is designed for Data Observability and holds a mindshare of 26.6%, down 34.4% compared to last year.
New Relic, on the other hand, focuses on Application Performance Monitoring (APM) and Observability, holds 4.1% mindshare, down 7.9% since last year.
Data Observability Market Share Distribution
ProductMarket Share (%)
Monte Carlo26.6%
Acceldata11.3%
Anomalo9.6%
Other52.49999999999999%
Data Observability
Application Performance Monitoring (APM) and Observability Market Share Distribution
ProductMarket Share (%)
New Relic4.1%
Dynatrace6.6%
Datadog5.5%
Other83.8%
Application Performance Monitoring (APM) and Observability
 

Featured Reviews

reviewer2774796 - PeerSpot reviewer
Data Governance System Specialist at a energy/utilities company with 1,001-5,000 employees
Data observability has transformed data reliability and now supports faster, trusted decisions
The best features Monte Carlo offers are those we consistently use internally. Of course, the automated DQ monitoring across the stack stands out. Monte Carlo can do checks on the volume, freshness, schema, and even custom business logic, with notifications before the business is impacted. It does end-to-end lineage at the field level, which is crucial for troubleshooting issues that spread across multiple extraction and transformation pipelines. The end-to-end lineage is very helpful for us. Additionally, Monte Carlo has great integration capabilities with Jira and Slack, as well as orchestration tools, allowing us to track issues with severity, see who the owners are, and monitor the resolution metrics, helping us collectively reduce downtime. It helps our teams across operations, analytics, and reporting trust the same datasets. The best outstanding feature, in my opinion, is Monte Carlo's operational analytics and dashboard; the data reliability dashboard provides metrics over time on how often incidents occur, the time to resolution, and alert fatigue trends. These metrics help refine the monitoring and prioritize our resources better. Those are the features that really have helped us. The end-to-end lineage is essentially the visual flow of data from source to target, at both the table and column level. Monte Carlo automatically maps the upstream and downstream dependencies across ingestion, transformation, and consumption layers, allowing us to understand immediately where data comes from and what is impacted when any issue occurs. Years ago, people relied on static documentation, which had the downside of not showing the dynamic flow or issue impact in real time. Monte Carlo analyzes SQL queries and transformations, plus metadata from our warehouses and orchestration tools, providing the runtime behavior for our pipelines. For instance, during network outages, our organization tracks metrics such as SAIDI and SAIFI used internally and for regulators. The data flow involves source systems such as SCADA, outage management systems, mobile apps for field crews, and weather feeds pushing data to the ingestion layer as raw outage events landing in the data lake. Data then flows to the transformation layer, where events are enriched with asset, location, and weather data, plus aggregations that calculate outage duration and customer impact, ultimately reaching the consumption layer for executive dashboards and regulatory reporting. Monte Carlo maps this entire food chain. Suppose we see a schema change in a column named outage_end_time and a freshness delay in downstream aggregated tables; the end-to-end lineage enables immediate root cause identification instead of trial and error. Monte Carlo shows that the issue is in the ingestion layer, allowing engineers to avoid wasting hours manually tracing SQL or pipelines, which illustrates how end-to-end lineage has really helped us troubleshoot our issues.
BasilJiji - PeerSpot reviewer
System Engineer at a retailer with 10,001+ employees
Real-time alerts have reduced server outage impact and support fast incident response
In the dashboard, if they could show a little more metrics regarding the application and related things, that would be how New Relic could be improved. Currently, there are things showing from the server level and application level, but it can be improved. That is what I felt. Regarding user interface, I do not feel much concern, but for some kind of issues when we are trying to get support from the New Relic team, their SLA seems to be long. They are taking seven to ten working days for resolving some kind of scenario or issue. That is a bit difficult for us. If they could improve the customer support by reducing their SLA within three to five days, if they could remediate everything, that will be so much helpful. When it comes to the customer support part, I felt they need to be a little more improved on that part. The support overall is good, but they can improve. That is the reason I have given it eight out of ten.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"It makes organizing work easier based on its relevance to specific projects and teams."
"Monte Carlo's introduction has measurably impacted us; we have reduced data downtime significantly, avoided countless situations where inaccurate data would propagate to dashboards used daily, improved operational confidence with planning and forecasting models running on trusted data, and enabled engineers to spend less time manually checking pipelines and more time on optimization and innovation."
"New Relic's dashboard is nice, and it's reliable. It's also compatible with many services, especially Java and the Python ecosystem."
"Working with the solution is very easy. It's user-friendly."
"The APM feature is highly valuable as it can record session hosts, usage, and diagnose customer behaviors."
"The most valuable features are infrastructure monitoring and application performance monitoring (APM)."
"It has given us better insight into the performance of the system."
"The monitoring so far has been good and we are happy with it."
"As New Relic is already integrated with Drupal, we can get our projects done with best practice and with the best value that we believe in."
"We detect issues using dashboards that we built on New Relic."
 

Cons

"For anomaly detection, the product provides only the last three weeks of data, while some competitors can analyze a more extended data history."
"Some improvements I see for Monte Carlo include alert tuning and noise reduction, as other data quality tools offer that."
"In addition, its difficult to have a predictive tool to see how the application would behave in the future when it basically only shows the historical data."
"I would like to have storage monitoring. E.g., being able to monitor SANS, specifically protocols, like NFS and CIFS metrics."
"New Relic APM could improve error debugging and the correlation with the logs. We are receiving some alerts or alarms but we need to correlate with the error log, but it is difficult if it is more than seven months retention period, it is hard to trace. We need this especially for getting historical information."
"New Relic APM can improve the information when we dig deeper to check a problem. There should be more detailed information provided."
"It gives you amazing statistics, but doesn’t give you enough information about what to do with the statistics."
"It is complicated, especially in how you interpret the data that it provides. If it had a bit more canned, out-of-the-box features, especially some of the reporting features, that would be more useful."
"While the New Relic dashboards and UI are customizable, they can sometimes lead to a clumsy behavior."
"They should bring the pricing down to be more competitive."
 

Pricing and Cost Advice

"The product has moderate pricing."
"We deploy everything on AWS. Purchasing the product on AWS Marketplace made it easier for us."
"The monthly cost os $1000 per server per month, but it could be even more. We pay about $250 for the server, and then New Relic wants over $1000 to give us statistics on those servers."
"The solution is less expensive than AppNeta."
"The solution is cheap, but prices can go up when users grow."
"We're paying for the New Relic APM license annually."
"I rate the product price a five on a scale of one to ten, where one means cheap, and ten means very expensive."
"Because of budget, we are not using the mobile app part of this tool."
"We feel it's a little bit pricey."
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Top Industries

By visitors reading reviews
Computer Software Company
13%
Financial Services Firm
9%
Manufacturing Company
8%
Retailer
7%
Financial Services Firm
14%
Computer Software Company
10%
Manufacturing Company
8%
Retailer
6%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
By reviewers
Company SizeCount
Small Business65
Midsize Enterprise50
Large Enterprise71
 

Questions from the Community

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Any advice about APM solutions?
There are many factors and we know little about your requirements (size of org, technology stack, management systems, the scope of implementation). Our goal was to consolidate APM and infra monitor...
What do you like most about New Relic Insights?
The product's initial setup phase was very easy.
What needs improvement with New Relic Insights?
For our end-to-end use case, New Relic is completely satisfactory, and we extensively rely on its features for our day-to-day life. I would like to have more AI and ML-based suggestions and algorit...
 

Comparisons

 

Also Known As

No data available
New Relic Browser, New Relic Applied Intelligence, New Relic Insights, New Relic Synthetics, New Relic Servers, New Relic APM
 

Overview

 

Sample Customers

Information Not Available
World Fuel Services, Verizon, FootLocker, McDonald's, Trainline, Mondia Media, Confused, Costa Coffee, Ryanair, Marks & Spencer, William Hill, Delivery Hero, Skyscanner, BASF, DAZN, Veygo, Virtuo, movingimage, talabat, Australia Post, Tokopedia, Seven Network, Virgin Australia, Zomato, BigBasket, Mercado Libre, Lending Club