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LLM observability tools for regulated teams

A regulated buyer’s guide to LLM observability tools (tracing, evals, prompt management) and what you still need for audit-grade evidence.

For engineering and compliance teams choosing tracing/evals tooling and trying to understand what auditors will still ask for.

Ultimo aggiornamento: 17 dic 2025 · Versione v1.0 · Non costituisce consulenza legale.

Summary

What these tools solve well

LLM observability tools make it easier to debug, evaluate, and improve agent workflows: traces, latency/cost, prompt iterations, datasets, and human labeling.

They are necessary, but regulated audits usually require an additional layer: decision governance and evidence exports (who approved, what policy applied, and what proof can be verified).

Checklist

Common capabilities

  • Tracing and run histories (prompt/inputs/outputs).
  • Evaluation workflows (LLM-as-judge, custom scorers, datasets).
  • Prompt management and versioning.
  • Monitoring dashboards and alerts.
Regulated gap

The regulated gap (what audits still require)

  • Policy-as-code checkpoints that gate high-risk actions (block/review/allow) with evidence of enforcement.
  • Role-aware review queues and escalation procedures for approvals and overrides.
  • Risk-tiered sampling policy and near-miss tracking as controls (not just metrics).
  • Verifiable evidence export bundles (manifest + checksums) mapped to Annex IV deliverables.
Compare

Comparisons (start here)

  • LangSmith, Langfuse, Phoenix, and Traceloop are great when the buyer is engineering and the goal is iteration speed.
  • KLA is built for regulated workflows where the buyer must produce oversight records and evidence packs.
Link

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Sample Evidence Room export

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