How are microservices different from monolithic architectures, and what advantages do they offer?

In the ever-evolving landscape of software development, a paradigm shift has occurred, transforming the way applications are constructed. This shift involves breaking down traditionally large and tightly integrated software systems into smaller, loosely coupled components. These components, characterized by their autonomy and scalability, enable faster development cycles, enhanced fault tolerance, and improved resource utilization. This contemporary approach to software design fosters innovation and agility, responding adeptly to the dynamic demands of today's digital world.