Fauna Logs can be analyzed with the Elastic (ELK) Stack, which includes Elasticsearch, Logstash, and Kibana. To set up the ELK stack, one needs Docker installed on their machine, docker-compose, basic familiarity with Fauna and Elasticsearch, Logstash, and Kibana. The logs can be accessed through the Fauna dashboard or by requesting them programmatically using an account key. Once the logs are imported into Elastic, they can be analyzed for insights about application performance, user behavior, and security issues. Tags can also be applied to queries for better insights. The use of the ELK stack provides valuable information about database performance and user behavior, making it a viable option for observability in Fauna databases.