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elastic apm is an application performance monitoring system built on the elastic stack elastic apm makes it easy to pinpoint and fix performance problems quickly in this video you will learn what traces are and how they can be used to better understand your applications after configuring elastic apm agents to collect traces from your applications you will see a list of different services with an overview of each service in elastic apm transactions describe events captured by an agent instrumenting a service or application a transaction is the highest level of work measured in a service it could even be a request to a server a batch job or even a background job here we see that the front end has around 330 transactions per minute with an average response time of 222 milliseconds and an error rate of 1.2 percent if we go ahead and click on the front end service we will see a page detailing the service transactions over time you can mouse over to see a specific interval the interval size