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It was the only thing I could think to do for some of our high-traffic sites. I've used WebTrendsLive and some others, but they are generally running several hours behind and can get costly at a few million impressions per month.
Conventional log methods are worthless for a quick peek of site traffic, when log files quickly bloat to 1GB or more a week. I automatically download the logs at midnight once a week to be able to do thorough analysis through standard WebTrends.
I haven't heard of deepmetrix before, but it 'says' it's real-time. May be worth a look since the price is a fraction of most of the others, and apparently provides much more than basic impressions.
anyone used deepmetrix?
I've had some sites hosted that came with DeepMetrix stats before but, while the 'Who's on' function was pretty good, the stats program itself was continually freezing/sticking (sometimes for days) - and this was with two seperate hosting companies. I ended up moving from those hosts because I just couldn't come to rely on the stats program at all. Shame really 'cos I do miss the 'real-time' part of the program.