At Dynatrace Perform 2022, the focus was on the transformative impact of modern observability on serverless architecture, emphasizing its role in enhancing innovation and efficiency while alleviating complexities associated with digital transformation. As organizations increasingly adopt serverless architecture to expedite modernization without the burden of managing underlying infrastructure, they face challenges in managing performance and security due to the dynamic nature of microservices across multicloud platforms. Dynatrace showcased its AI-powered observability platform, which provides real-time, causation-based insights, allowing DevOps and engineering teams to pinpoint and resolve issues swiftly. This approach reduces the time spent on manual troubleshooting, enabling teams to focus on strategic initiatives. The event also highlighted the integration of open-source observability tools like OpenTelemetry, addressing challenges related to data silos and offering comprehensive visibility across distributed environments. The conference underscored the importance of an end-to-end view of multicloud environments, demonstrating how AI can enhance application performance and facilitate strategic cloud migration.