Observability is crucial for the performance and reliability of modern software systems, but its costs can quickly escalate. Many organizations find themselves overwhelmed by expenses due to the excessive collection of irrelevant data and the high costs charged by vendors. Logz.io offers practical solutions to manage these costs effectively without compromising monitoring capabilities. By optimizing data collection to focus on meaningful information, managing data retention based on necessity, converting logs to metrics for efficient analysis, and using sub-accounts to control budgets and accountability, organizations can achieve cost-effective observability. Logz.io's Open 360 platform supports these strategies, enabling businesses to maintain essential monitoring processes while reducing expenses, ultimately providing a balanced approach to observability that aligns with operational and financial goals.