The ease with which users can find new or unknown features, content, and functionalities within a product or system without prior knowledge of their existence.
Discoverability is about the user stumbling upon features or content they were not actively looking for, whereas Findability is the ability of a user to locate a specific item that they already know exists.
Source: Nielsen Norman Group, “Discoverability: A UX Concept We Need to Talk About”
Further Reading: