The document discusses the challenges and strategies for building observability into serverless architectures, emphasizing the importance of monitoring, alerting, and tracing in understanding system behavior. It highlights the concept of 'survivor bias' in monitoring techniques, where only known failure modes are addressed, and the need for structured logging and correlation IDs across microservices. Additionally, it outlines the four pillars of observability engineering, focusing on log aggregation, analytics, and minimizing user-facing latency.