The text discusses the benefits of using GraphQL as an API technology, particularly its focus on product developers' needs and the ability to associate queries with specific UI components. It introduces Apollo Engine, a monitoring and reporting tool that can provide detailed insights into GraphQL API performance and errors. The new features announced include daily Slack reports and service overviews, which allow users to track their most important queries and identify areas for improvement. These reports are designed to help developers quickly identify issues with their API, such as slow services or high error rates, and provide a bird's-eye view of the API's performance. The tool also allows users to set up daily Slack reports and provides a detailed view of operations, including request rate, p95 service time, and error percentage.