SOAR stands for Security Orchestration Automation and Response. It enables security products and tools in an environment to work together, streamlining the tasks of SOC team members. For example, it will automatically search VirusTotal for the source IP of a SIEM alert, reducing the workload of the SOC analyst.
Some SOAR products commonly used in the industry:
The image below shows what can be achieved with a SOAR solution.

image: hawk-eye.io
The benefits of SOAR and how you can effectively use SOAR as a SOC analyst will be the focus of the rest of this lesson.
SOAR saves time with workflows that automate processes. Some common workflows are:
It allows you to use different security tools in your environment (sandbox, log management, 3rd party tools, etc.) by providing an all-in-one software. These tools are integrated into the SOAR solution and can be used on the same platform.
image: splunk.com