Splunk is a time-series data platform that handles the three V's of data (volume, velocity, and variety) very well. It collects, indexes, and allows searching and analysis of data. Splunk can collect data from files, directories, network ports, programs/scripts, and databases. It breaks data down into searchable events and builds a high-performance index. This allows users to search, manipulate, and visualize data in reports, charts, and dashboards. Splunk can analyze structured, unstructured, and multistructured data from various sources like logs, networks, clicks, and more.