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Good but not ready for Production
I liked the fact that there was a splunk AMI and you can spin up splunk really fast. I was able to build an instance and be up in a matter of minutes. The issues I have with the AMI is that there is currently no support for the new C4 instances. I wanted to build a beefy splunk server with the latest CPUs since searches are CPU heavy and I'm not able to do that now. I also noticed that the AMI does not address disabling Transparent Huge Pages which splunk recommends. This can cause a 30% performance degradation. http://docs.splunk.com/Documentation/Splunk/6.2.3/ReleaseNotes/SplunkandTHP
So, because I couldn't use the instance I wanted, I can't really use this AMI for my needs. I can use it for testing no problem though. The THP issues is not that big because you can disable it easy enough but if splunk is touting this AMI as a recommended configuration I would like to see the THP addressed since it causes performance issues.
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Very useful for Data Analytics
There are many plugins available (free and paid), which can provide additional insights to data. I like using the Google Maps plugin and WebGL Globe visualization, and I recommend to use that in case the data contains the physical location (latitude and longitude).
One-click Splunk!
From no Splunk to Splunk in minutes. I was able to start collecting and analysing my data within the hour.
Amazing software to search and manage your logs!
You don't have to access your actual servers to see logs;
There are enormous search and reporting capabilities;
Does not support multiline log entries very well.