Windows Azure Storage Analytics generates logs to trace requests, analyze usage trends. Storage Analytics logs contain detailed information for authenticated requests and successful anonymous requests to a storage service. Logs are stored in block blobs in a container named $logs which is automatically created when you enable analytics on a given storage account.
It is very useful to enable Storage analytics to diagnose issues with storage accounts. In this brief video we will show you how to get started with Storage Analytics:
Storage Analytics http://msdn.microsoft.com/en-us/library/windowsazure/hh343270.aspx
Storage Analytics Billing: http://msdn.microsoft.com/en-us/library/windowsazure/hh360997.aspx
Storage Analytics Log Format: http://msdn.microsoft.com/en-us/library/windowsazure/hh343259.aspx
Azure Storage Explorer(Preview 5.1) http://azurestorageexplorer.codeplex.com/releases/view/89713
Storage Analytics Logging - How to Enable and Where to Find the logs. http://blogs.msdn.com/b/cie/archive/2013/10/10/storage-analytics-logging-how-to-enable-and-where-to-find-the-logs.aspx This link has the attachment for the Analytics.xlsx file referenced in the demo.