SIEM enables centralized reporting which is just one benefit of deploying a solution within your organization. The central location allows for alerting, dashboards, correlation, just to name a few.
Security Information and Event Management (or SIEM) solutions collect events and logs from a numerous hosts and systems to enable storing of events centrally. By having the events in a central location, security analysts can create correlations on data that would be much harder or impossible using separate systems.
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