Implement Structured Logging System

[snobbee]

Is your feature request related to a problem? Please describe.

Currently, the logging system lacks structured logging and standardized log levels, making it difficult to debug issues and monitor the application's performance effectively. This can lead to missed insights and challenges in understanding application behavior during incidents.

Describe the solution you'd like

I propose to implement a structured logging framework that:

• Utilizes JSON format for all logs to ensure consistency and ease of parsing.
• Includes standard fields such as timestamp, severity, and correlation ID for better traceability.
• Supports context injection to provide meaningful information about the application state during logging.
• Implements different log levels (DEBUG, INFO, WARN, ERROR) to categorize log messages effectively.
• Allows for adding custom fields as needed for specific use cases.
• Provides performance logging utilities to measure and analyze application performance metrics.

Describe alternatives you've considered

• Using plain text logs which are harder to parse and analyze.
• Relying solely on external monitoring tools without improving the internal logging strategy.

Additional context
Implementing structured logging will significantly enhance our debugging capabilities, improve monitoring, and facilitate better log aggregation and analysis. This change is vital for maintaining robust observability in our application.