ServiceNow Event Management provides a solution for enterprises to manage IT service events by consolidating data from various monitoring tools, thereby reducing event noise by up to 99%. Utilizing real-time intelligence and machine learning, it correlates alerts and incidents, enhances visibility into service health, and enables faster root cause analysis, which ultimately decreases service outages and mean time to repair (MTTR). The platform integrates seamlessly with existing IT resources and provides actionable alerts and insights via its event management dashboard.