Splunk software has features to do various tasks such as ingesting data, processing data into events, indexing events, and searching these events. Splunk software records all these tasks, steps involved in this, and generate data into log files.
If you are interested to learn Splunk from experienced instructors, you can register in this Splunk Training course by Intellipaat that provides Instructor-led training, hands-on projects, and certification.
Also, watch this video on real-time log analytics using Splunk: