This document discusses holistic approaches to monitoring systems and applications. It emphasizes the importance of monitoring business metrics, system performance, and failure metrics. It recommends defining metrics to monitor, collecting code-level metrics using tools like StatsD and Graphite, and collecting environment metrics from operating systems and databases. It also stresses the importance of visualization through different types of dashboards and anomaly detection. Action items include creating useful alerts and dashboards, adding anomaly detection, and exploiting failures to improve monitoring.