New Relic is a tool that helps businesses monitor and manage their technology systems for better observability. The company's Nerdlog series provides live tutorials and discussions about the latest features and updates to New Relic, including anomaly detection, correlation of failures, smart alert muting, and custom data visualizations. These features aim to help users gain insights into system performance, reduce false alerts, and improve overall monitoring efficiency. By leveraging AI-powered tools and automation capabilities, New Relic aims to provide a more comprehensive and user-friendly experience for its customers.