LLM observability and monitoring are crucial for ensuring the effective functioning of large language models (LLMs). These tools involve tracking various metrics such as resource utilization, performance, and evaluation metrics like prompts, responses, model accuracy, token usage, response completeness, relevance, hallucinations, fairness, perplexity, semantic similarity, and model degradation. Monitoring LLM applications helps identify recurring user concerns or common inquiries, providing insights into user needs and potentially uncovering areas where the LLM's responses could be further optimized for accuracy or ethical compliance. Additionally, it enables organizations to provide users with more personalized and context-aware responses without storing raw text data for extended periods, thereby enhancing privacy.