Why is everyone talking about observability?

Observability has become a crucial focus in the tech industry, particularly in the realm of APIs, due to its potential to enhance user experiences, improve security, and reduce operational costs by delivering real-time insights into API performance and health. The market for observability platforms is projected to more than double by 2032, driven by the increasing adoption of cloud-based solutions across businesses of all sizes. Despite the significant benefits, challenges such as lack of standardization and poor implementation can hinder its effectiveness. However, the rise of standards like OpenTelemetry is helping address these issues. To promote skill development in this area, Tyk hosted the LEAP 2024 observability conference, bringing together industry experts to share knowledge and strategies for successful API observability. The event featured a variety of sessions, including business case studies and technical demonstrations, to help attendees advance their observability strategies and capabilities.