As we usher in the dawn of 2024, it’s only fitting that we set ambitious resolutions for the tech landscape. One area that has long been at the forefront of innovation and evolution is observability. As organizations continue to embrace digital transformation, the need for robust, scalable and cost-effective observability solutions becomes paramount. In 2024, the new year’s resolution needed for the observability field is crystal clear: It is the year for frictionless integration and scalability, reduced costs and predictability in pricing, granular visibility and insights and compatibility with open source standards.
Frictionless Integration and Scalability
In 2024, observability should seamlessly integrate into existing infrastructures, eliminating the complexities that often accompany implementation. The ideal observability solution should be like a chameleon, effortlessly adapting to diverse tech stacks, cloud environments and hybrid architectures. Scalability, a perennial challenge, should no longer be a stumbling block. When an organization undergoes significant expansion, observability tools must scale proportionally without compromising performance.
Predictable Pricing and Reduced Costs
Gone should be the days of $65 million observability bills, obscure pricing models and hidden fees. In 2024, organizations deserve clarity and predictability in observability costs. A transparent pricing structure ensures businesses can plan and allocate resources more efficiently. Predictable pricing also fosters a trustful relationship between observability service providers and their clients, allowing organizations to focus on innovation without the constant worry of unforeseen financial burdens.
Cost efficiency remains a perennial concern for organizations. In 2024, observability tools should not only provide enhanced functionalities but also reduce overall costs. Research has shown that observability has become an incredible burden for companies monitoring application performance: A full 9% of IT budgets are being spent on observability, an average cost of $1.72 million. The price is so high that over 70% of teams do not even opt to have an APM tier in place. But when companies do not have an observability tool, the price is high as well. On average, companies suffer two high-impact outages per month with an average MTTR of 30 minutes or more. These outages result in more than $7 million in losses per year due to hidden costs such as troubleshooting resources, customers dropping out, damaged reputation and more. In 2024, observability will become an asset rather than a financial burden.
100% Visibility and Granular Insights
True observability means having a comprehensive view of the entire system. In 2024, I anticipate observability tools offering 100% visibility into applications, infrastructure and user experiences. This level of insight empowers organizations to identify and resolve issues swiftly, minimizing downtime and enhancing overall system reliability. Granular insights will not only facilitate root cause analysis but also enable proactive measures to prevent potential problems before they escalate.
Compatibility With Open Source Standards
Observability data locked in at some third party will not be tolerated in 2024. Every organization will be packing some open source components for metrics, logs or other parts of its observability stack. Vendors will have to operate alongside these solutions, supporting open standards like OpenTelemetry and making sure customers own their own data.
As we embark on the journey through 2024, let us commit to realizing this resolution. The future demands a monitoring infrastructure that is not just powerful but also user-friendly, cost-effective and future-proof. By achieving these goals, organizations can fortify their digital ecosystems, ensuring resilience, innovation and sustained success in an ever-changing technological landscape. Cheers to a year of observability excellence.
