Splunk Alerts - Great feature for real time exception handling

We use Splunk for application alerts, reporting and debugging purposes. We have been using Splunk across multiple projects in our mobile development department. Splunk helps us to closely monitor application logs which are spread across multiple servers/jvm's. We get a consolidated, view of multiple log files in the Splunk dashboard. Splunk's real time indexing service is very efficient. It takes pre-defined key attributes of log files, creates a link to those attributes and displays it on the dashboard which can be further used to filter out results without writing any complex queries. We have created multiple alerts in Splunk to capture different scenarios, one of the most important alerts is the capturing of runtime exceptions (for eg. NullPointerException, Outofmemory Exception etc). This alert informs the development team immediately, resulting in immediate action to resolve that issue based on complexity.