The purpose of Job & Automation Monitoring is to provide a central job monitoring solution for all SAP products to complement local job scheduling. It gives transparency about the current status of the different automation processes (for simplification called "jobs" in the later text) regarding execution status, application status, start delay and run time. The goal of the application is to serve as a central tool that integrates with local tools rather than replacing them. It provides an overview and rating of jobs based on their latest execution, allowing users to analyze data process flows across different services and systems.
The graphic below illustrates the overall concept of Job & Automation Monitoring:

With Job & Automation Monitoring in SAP Cloud ALM, currently it is possible to monitor SAP S/4HANA Application Jobs, SAP ABAP Jobs, SAP BW Process Chains, SAP Build Process Automation Jobs (or SAP Intelligent RPA jobs) and SAP Business Workflow.
Jobs defined with SAP Job Scheduler Service can be monitored in a custom BTP Application with some instrumentation effort. For a full list of the supported solutions and job types, please check SAP Cloud ALM for Operations Expert Portal page.
Note
Monitoring of further products and job types is in preparation.
The collected job execution data is provided aggregated (hourly and lower resolution) to SAP Cloud ALM analytics APIs (Application Programming Interfaces) for external usage (for example for Grafana Consumption). Jobs and workflows are executed in the managed cloud and on-premise services. The individual executions are captured (start, end times, and status) by the local execution infrastructures. Customers can choose to forward execution data to SAP Cloud ALM for Operations, where the individual execution data is assembled and correlated with definition data.
Job & Automation Monitoring Setup & Configuration
There are no specific prerequisites for Job & Automation Monitoring. On the one hand, the type of the job or automation must be supported by SAP Cloud ALM, and on the other hand, you need the authorization role for Job & Automation Monitoring in SAP Cloud ALM.
Additionally, the general setup for the managed system has to be performed in the sending service. Two examples follow, showing SAP Intelligent RPA and SAP S/4HANA Public Cloud Edition.
Please find below screenshots displaying the general setup in SAP Intelligent RPA and SAP S/4HANA Public Cloud Edition:

The data push configuration needs to be done as documented in SAP Cloud ALM for Operations Expert Portal, where you would also find a list of all the supported products of Job & Automation Monitoring.
The next figure shows an example from a SAP ECC system, where the configuration in the managed system is done via Report /SDF/ALM_SETUP. Details can be found in the SAP Cloud ALM for Operations Expert Portal.
The next screenshots display the configuration of Data Push in SAP ERP Central Component via Report /SDF/ALM_SETUP:

Once the connection to the managed system is established, a periodic job acts as a constant heartbeat to exchange information with SAP Cloud ALM. This ensures that the job stays connected and synchronized with the central system. The job also functions as a constant scheduler that collects data and sends it to a SAP Cloud ALM. The configuration of the data collection and the data push to the SAP Cloud ALM system are one-time activities. Once the data is in SAP Cloud ALM, users have the flexibility to control the collection process, in terms of enabling or disabling the collection as per their requirements.