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If you're using a tool like Splunk, verbosity of logging is usually not much of a problem.

Only at trivial request volume. It’s easy to overwhelm any logging system without discipline.

Nah, Splunk can handle anything you throw at it.

I am currently at an organisation where Splunk is a bottleneck.

No, you are currently at an organization that hasn't allocated enough resources to Splunk.

Hah! OK, sure.