In depth
The detection layer is where SIEMs earn or lose their keep. A SIEM with a vendor-default rule set produces too many alerts of too-low fidelity, which is the canonical failure mode that produced the term "alert fatigue." A mature SIEM programme writes detections as code (typically Sigma rules, then translated to the target SIEM's query language), versions them in Git, tests them with Atomic Red Team or Caldera in a lab, calibrates each rule against known true and false positives, and ships them through a CI pipeline. Detection coverage is measured against the MITRE ATT&CK matrix using the ATT&CK Navigator and reviewed in monthly Blue Team retros.
SIEM and SOAR (Security Orchestration, Automation and Response) are usually deployed together. SIEM detects, SOAR responds — the SOAR playbook receives the alert, enriches it with threat-intelligence context (was this IP recently associated with malware, is this user a privileged account), takes containment action (isolate the endpoint, disable the user account, snapshot the disk), and files the ticket. Mean time to detect (MTTD) and mean time to contain (MTTC) are the headline KPIs.
The hard problems are not technical: data-source coverage (does every system in scope actually ship logs into the SIEM), schema discipline (is the source-IP field called the same thing across 40 connectors), licence cost (most SIEMs price on data volume ingested per day, which creates perverse incentive to drop telemetry), and analyst burnout. See adversary simulation services for measuring SIEM coverage in practice.