Finding pattern in application logs

I’m new to machine learning and looking for help with one of my project. I’m trying to find the text patterns in our application logs(total size is around 500GB/day). Below is sample,

Input Log events:
Event ID 1: User ‘xyz’ tried to perform…
Event ID 2: Status is ‘xyz’ for tran…
Event ID 1: User ‘abc’ tried to perform…
Event ID 1: User ‘abc’ tried to perform…
Event ID 2: Status is ‘abc’ for tran…

Output:
Event ID 1: User ‘’ tried to perform ‘’ 3
Event ID 2: Status is '’ for tran ‘’ 2

Can you please let me know if there is any tested solution for such issues? If not, please suggest some algorithms which can help me to achieve it. Thanks!

Hi @maddhika,

I believe this will help you:

Best,
Sahil