The document discusses how modern applications require modern monitoring and processes to stay performing. It notes that modern applications operate on dynamic cloud infrastructures with constant changes, requiring monitoring of business success, application performance, and customer experience. It emphasizes the importance of managing risk through understanding and mitigating risks rather than removing risks. It also discusses how DevOps is a cultural change involving team-level responsibility and ownership. The presentation aims to explain how instrumentation, infrastructure management, risk management, and DevOps culture can help keep modern applications running effectively.