Explanation:
Box 1: Trace parser
You can diagnose issues and analyze performance by using Trace parser.
You can use the Trace parser to consume traces and analyze performance in your deployment. You can use the Trace Parser to find and diagnose various types of errors. You can also use the tool to visualize execution of X++ methods, as well as the execution call tree.
Box 2: Review X++ calls.
Trace Parser can help identify performance issues including long-running X++ methods, time-consuming SQL queries, or client server calls. Trace Parser consolidates information from multiple sources, such as remote procedure calls (RPCs) and Microsoft SQL Server, to provide an integrated view of application performance for a process. Trace Parser not only measures code execution, but also provides information about database execution times and may indicate performance issues due to caching.
Reference: https://learn.microsoft.com/en-us/dynamics365/fin-ops-core/dev-itpro/perf-test/trace-parser
https://global.hitachi-solutions.com/blog/erp-monitoring/