Organizations are increasingly focused on cloud application modernization as they transition to cloud environments, a process highlighted at AWS re:Invent 2022. With more than 90% of organizations utilizing cloud computing and Gartner predicting that cloud-native platforms will underpin 95% of new digital initiatives by 2025, the shift to the cloud is essential for maintaining competitiveness. However, transitioning IT infrastructure to the cloud involves challenges, as many organizations start with legacy technologies that need modernization to benefit from serverless environments' flexibility, scalability, and cost-effectiveness. The complexity of cloud migration is significant, with 93% of technologists finding modernization challenging and only 35% considering their strategies effective. Effective cloud modernization requires ongoing assessment and optimization rather than a simple "lift and shift" approach, which may lead to performance and security issues. A critical aspect of this process is the development of a cloud migration strategy that ensures system performance and security while leveraging modern observability platforms to maintain visibility over cloud infrastructure. AIOps technology aids in managing the large data volumes generated by cloud-native technology stacks, allowing IT teams to automate processes, prioritize issues, and proactively address potential problems. Additionally, DevOps and site reliability engineering can benefit from automation and observability to streamline continuous delivery pipelines, increasing innovation throughput and enabling faster, more confident development.