From c568f72b87ba86472f4ff563795abfda1fc95257 Mon Sep 17 00:00:00 2001
From: Amit B <122956425+amitbb16@users.noreply.github.com>
Date: Tue, 5 Dec 2023 00:44:15 +0530
Subject: [PATCH] Update README.md (#16)

---
 README.md | 4 ++++
 1 file changed, 4 insertions(+)

diff --git a/README.md b/README.md
index aa5508f..6e51ff1 100644
--- a/README.md
+++ b/README.md
@@ -85,6 +85,10 @@ Data Point is a unique metric occurrence with a timestamp, value, and labels. Th
 
 Events are hard to define because everything is an event, but let us give it a try 😉. An event is primarily a change event that can mean a pod restart, deployment, or configuration flag change. Events are important because they affect the system's state externally and can help correlate incidents with metrics, traces, and logs.
 
+### Error budget
+
+An error budget is a predefined allowance or limit for acceptable errors or failures within a system or process. It represents the tolerance for mistakes, bugs, or downtime that can occur before the user experience or overall system reliability is compromised. The error budget provides a clear, objective metric that determines how unreliable the service is allowed to be within a single quarter. This metric removes the politics from negotiations between the SREs and the product developers when deciding how much risk to allow.
+
 ### Exporter
 
 An exporter is a component that collects and transforms metrics data from a specific system or format into a standardized format that can be consumed by monitoring systems. Examples of exporters include Prometheus exporters and OpenTelemetry exporters.