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Splunk (and the cloud-compatible Splunk Storm) are wonderful indexers of logging data and allow easy search, alerting, and graphical dashboard creation.
SpecsUpdate
Typeaggregation & monitoring
Hosting optionsCloud or On-Premise
Supported input methodsAgent/TCP/UDP/HTTP/Modular Input(Script)
Pros
Pro Easy to use, powerful search
It's human readable, intuitive, fast and with auto-complete to boot. And if you need more advanced functionality out of your queries, 120+ page search manual will give you an insight in how much is actually possible.
Pro Extendable via a large selection of apps
Additional functionality can be added with over 500 apps.
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Cons
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