Prefect's orchestration and observability platform helps developers build and understand their data pipelines, enabling them to react to failures. The company is focusing on an event-driven architecture and has integrated ClickHouse into its product suite for enhanced workflow observability. Prefect aims to provide more comprehensive metrics and triggers, allowing users to fix errors at a larger scale. The adoption of ClickHouse has simplified operations, increased resilience, and reduced costs from $12,000 per month to less than $8,000 per month.