New Relic has been recognized by Gartner as a Leader in the 2023 Magic Quadrant for Application Performance Monitoring and Observability for the 11th consecutive time, citing its ability to execute and completeness of vision. The company aims to make observability ubiquitous by providing a consumption model that helps customers save money while still realizing value, and has invested in a perpetual free tier and consumption-based pricing model. New Relic also supports open standards such as OpenTelemetry, facilitating insights from data across multiple platforms and vendor neutrality. Additionally, the platform combines over 30 capabilities to enable engineers to understand dependencies across their stack and provide rich insights for every engineer, while offering business observability solutions built specifically for key business performance indicators. The company is committed to innovating to meet the ever-changing needs of its community and continues to research new opportunities to bring more value to its customers through deeper insights and disruptive pricing. New Relic is also embracing Generative AI by enabling customers to monitor their OpenAI GPT application usage and releasing a Generative AI assistant for observability, which will allow engineers to unlock deep insights from mountains of telemetry data using natural language with an approachable chat interface.