My personal opinion as a fan and adopter of the stack is that the benefit is often seen down the line, with the upfront adoption cost being roughly the same.
E.g. the built in telemetry system is fantastic, but when you are first adopting the stack it still takes a day or two to read the docs and get events flowing into - say - DataDog, which is roughly the same amount of time as basically every other solution.
The benefit of Elixir here is that the telemetry stack is very standardized across Elixir projects and libraries, and there are fewer moving pieces - no extra microservices or docker containers to ship with everything else. But that benefit comes 2 years down the line when you need to change the telemetry system.
E.g. the built in telemetry system is fantastic, but when you are first adopting the stack it still takes a day or two to read the docs and get events flowing into - say - DataDog, which is roughly the same amount of time as basically every other solution.
The benefit of Elixir here is that the telemetry stack is very standardized across Elixir projects and libraries, and there are fewer moving pieces - no extra microservices or docker containers to ship with everything else. But that benefit comes 2 years down the line when you need to change the telemetry system.