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What is the best way to extract data from a scheduled task's task log?

I'm running a scheduled task hourly, 20 times a day and have a task log that I want to export to Excel. What would be the best way to do this other than copying and pasting the task log data into excel? Also, does the task log data delete after the day or does it stay there forever?

Thanks for any and all help!

The task log is just a file, so you can use whatever you'd like to read the file and process it however you would like.

The task logs are rotated about once a day if they are over 1M in size. 7 of the rotated logs are kept and the oldest one is deleted.