What is the difference between monitoring and observability?
Monitoring answers questions you thought of in advance: you defined the dashboards and the alerts, and they tell you when a known thing breaks. Observability is whether you can answer a question you did not anticipate, from the data you already emit, without shipping new code. Every dashboard being green during an outage is the signature of a system that is monitored and not observable.
The practical test: can you ask "which customers on this plan saw errors in this region in the last ten minutes" without a deploy? If not, your telemetry is too aggregated.