diff --git a/CHANGELOG.md b/CHANGELOG.md
index 771b54f6..1f96c9fb 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,10 +1,17 @@
 # SAS Viya Monitoring for Kubernetes
 
 ## Unreleased
+* **Overall**
+
 * **Metrics**
   * [CHANGE] New Grafana dashboard Perf/Analysis added
   * [CHANGE] Server-Side Apply now used in monitoring/bin/deploy_dashboards.sh script
 
+* **Logging**
+
+* **Tracing**
+  * [UPGRADE] Upgraded Tempo from 2.2.0 to 2.4.1
+
 ## Version 1.2.24 (16APR2024)
 * **Metrics**
   * [FIX] Connect to Grafana using https from auto-provisioning sidecar containers when TLS is enabled
diff --git a/component_versions.env b/component_versions.env
index c35be135..0dcd78e8 100644
--- a/component_versions.env
+++ b/component_versions.env
@@ -67,5 +67,5 @@ PROM_OPERATOR_CRD_VERSION=v0.71.2
 #Tempo
 TEMPO_CHART_REPO=grafana
 TEMPO_CHART_NAME=tempo
-TEMPO_CHART_VERSION=1.5.0
-TEMPO_FULL_IMAGE="docker.io/grafana/tempo:2.2.0"
+TEMPO_CHART_VERSION=1.7.2
+TEMPO_FULL_IMAGE="docker.io/grafana/tempo:2.4.1"