diff --git a/README.md b/README.md
index 13fbe103..33f18874 100644
--- a/README.md
+++ b/README.md
@@ -96,7 +96,7 @@ You need the following permissions to run this module.
 |------|---------|
 | <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 1.3.0 |
 | <a name="requirement_helm"></a> [helm](#requirement\_helm) | >= 2.15.0, <3.0.0 |
-| <a name="requirement_ibm"></a> [ibm](#requirement\_ibm) | >= 1.69.2, <2.0.0 |
+| <a name="requirement_ibm"></a> [ibm](#requirement\_ibm) | >= 1.70.0, <2.0.0 |
 
 ### Modules
 
diff --git a/examples/obs-agent-iks/main.tf b/examples/obs-agent-iks/main.tf
index c73cbe08..d326fdb6 100644
--- a/examples/obs-agent-iks/main.tf
+++ b/examples/obs-agent-iks/main.tf
@@ -129,7 +129,7 @@ resource "time_sleep" "wait_operators" {
 
 module "observability_instances" {
   source                         = "terraform-ibm-modules/observability-instances/ibm"
-  version                        = "3.0.2"
+  version                        = "3.3.1"
   resource_group_id              = module.resource_group.resource_group_id
   region                         = var.region
   cloud_logs_plan                = "standard"
diff --git a/examples/obs-agent-iks/version.tf b/examples/obs-agent-iks/version.tf
index 4cd6e426..7f0ae1ec 100644
--- a/examples/obs-agent-iks/version.tf
+++ b/examples/obs-agent-iks/version.tf
@@ -6,7 +6,7 @@ terraform {
   required_providers {
     ibm = {
       source  = "ibm-cloud/ibm"
-      version = "1.69.2"
+      version = "1.70.0"
     }
     helm = {
       source  = "hashicorp/helm"
diff --git a/examples/obs-agent-ocp/main.tf b/examples/obs-agent-ocp/main.tf
index be31e6e1..3cd154da 100644
--- a/examples/obs-agent-ocp/main.tf
+++ b/examples/obs-agent-ocp/main.tf
@@ -130,7 +130,7 @@ data "ibm_container_cluster_config" "cluster_config" {
 
 module "observability_instances" {
   source                         = "terraform-ibm-modules/observability-instances/ibm"
-  version                        = "3.0.2"
+  version                        = "3.3.1"
   resource_group_id              = module.resource_group.resource_group_id
   region                         = var.region
   cloud_logs_plan                = "standard"
diff --git a/examples/obs-agent-ocp/version.tf b/examples/obs-agent-ocp/version.tf
index e131816d..1784d1a8 100644
--- a/examples/obs-agent-ocp/version.tf
+++ b/examples/obs-agent-ocp/version.tf
@@ -6,7 +6,7 @@ terraform {
   required_providers {
     ibm = {
       source  = "ibm-cloud/ibm"
-      version = ">= 1.69.2"
+      version = ">= 1.70.0"
     }
     helm = {
       source  = "hashicorp/helm"
diff --git a/version.tf b/version.tf
index 0a0983c1..c221e6cf 100644
--- a/version.tf
+++ b/version.tf
@@ -5,7 +5,7 @@ terraform {
   required_providers {
     ibm = {
       source  = "ibm-cloud/ibm"
-      version = ">= 1.69.2, <2.0.0"
+      version = ">= 1.70.0, <2.0.0"
     }
     helm = {
       source  = "hashicorp/helm"