The observable universe is a spherical region of the universe consisting of all matter that can be observed from Earth; the electromagnetic radiation from these objects has had time to reach the Solar System and Earth since the beginning of the cosmological expansion. Assuming the universe is isotropic, the distance to the edge of the observable universe is the same in every direction. That is, the observable universe is a spherical region centered on the observer. Every location in the universe has its own observable universe, which may or may not overlap with the one centered on Earth.
The word observable in this sense does not refer to the capability of modern technology to detect light or other information from an object, or whether there is anything to be detected. It refers to the physical limit created by the speed of light itself. No signal can travel faster than light, hence there is a maximum distance, called the particle horizon, beyond which nothing can be detected, as the signals could not have reached the observer yet.