The New Relic Lambda extension allows direct access to AWS Lambda log streams, enabling users to manage and optimize cloud spend without compromising observability. The extension collects, enhances, and transports telemetry data from Lambda functions to New Relic One's Telemetry Data Platform. It overcomes challenges such as latency and cost concerns by buffering telemetry and sending it periodically. The extension also provides metadata decoration, allowing users to maintain a record of their function's state as it was invoked, rather than as it is today. This enables slicing and dicing event data by function metadata in custom queries, dashboards, or NRQL alerts.