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Service Level Indicator: what we’ve chosen to measure progress towards our goal. E.g., “Latency of a request.”
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Service Level Objective: the stated objective of the SLI – what we’re trying to accomplish for either ourselves or the customer. E.g., “99.5% of requests will be completed in 5ms.”
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Service Level Agreement: generally speaking, this is a contract explicitly stating the consequences of failing to achieve your defined SLOs. E.g., “If 99% of your system requests aren’t completed in 5ms, you get a refund.”