A financial services company is launching a new Azure-based application that demands high availability and strict adherence to regulatory compliance standards. The application's performance, security, and compliance must be continuously monitored. You are tasked with selecting an Azure Monitor component that can efficiently collect, store, and analyze log data from the application, Azure resources, and custom logs. The chosen solution should also support the creation of custom queries and alerts for proactive issue detection and diagnosis, alongside facilitating detailed analysis and compliance reporting. Given these requirements, which Azure Monitor component would best meet the company's needs? (Choose one option from A, B, C, or D.)