With the end of Run 2, the LHC has delivered only 4% of the collision data expected to be available during its lifetime. The next data-taking campaign - Run 3 - will double the integrated luminosity the LHC accumulated in 10 years of operation. Run 3 will be the herald of the HL-LHC era, an era when 90% of total LHC integrated luminosity (4 ab$^{-1}$) will be accumulated allowing ATLAS to perform several precision measurements to constrain the Standard Model Theory (SM) in yet unexplored phase-spaces and in particular in the Higgs sector, only accessible at the LHC. Direct searches have so far provided no indication of new physics beyond the Standard Model, however, they can be complemented by indirect searches that allow extending the reach at higher scales. Indirect searches are based on the ability to perform very precise measurements, a highly complex task at a hadron collider that will require tight control of theoretical predictions, reconstruction techniques, and detector operation. Moreover, populating extreme regions of phase-space for multi-differential production cross-section analysis will require the development and validation of Monte Carlo phase-space biasing techniques and efficient integration methods to produce the billions of events needed to cope with higher luminosities. To answer the quest for high precision measurements in a high luminosity environment, a comprehensive upgrade of the detector and associated systems was devised and planned to be carried out in two phases. The Phase-I upgrade program foresees new features for the muon detector, for the electromagnetic calorimeter trigger system, and for all trigger and data acquisition chain and will operate to accumulate about 350 fb$^{-1}$ of integrated luminosity during Run 3. The Phase-II upgrade comprises a completely new all-silicon tracker with extended rapidity coverage that will replace the current inner tracker detector; the calorimeters and muon systems will have their trigger and data acquisition systems fully redesigned, allowing the implementation of a free-running readout system. Finally, a new subsystem called High Granularity Timing Detector will aid the track-vertex association in the forward region by incorporating timing information into the reconstructed tracks.