According to the announcement, Splunk Storm is aimed at organizations that develop and run applications in the public cloud, using services such as Amazon Web Services, Heroku, Google App Engine, Rackspace, and others. With Splunk Storm, users can quickly diagnose and troubleshoot application problems, gain insight into cloud-based applications, and monitor critical business metrics.

According to the company, Splunk Storm runs as a fully managed, multi-tenant service on AWS and dynamically provisions all the resources needed to store and analyze data. Splunk Storm offers monthly, pay-as-you-go pricing, requires no installation or maintenance of hardware or software, and provides the ability to scale storage up or down on demand.

With Splunk Storm, you can index and store data in real-time from any source, format, platform, or cloud provider. You can search real-time and historical data, filter events, correlate information, and dynamically generate reports. Additionally, the product allows users to share projects with others within an organization to generate cross-functional views of the data. To learn more, please visit the Splunk website.