This video provides a step-by-step guide on how to start collecting Microsoft IIS logs using Interest Manager. It explains that most types of logs can be collected in the same way, and the necessary components for IIS log gathering may need to be installed using the Interest setup suite. The video then demonstrates how to configure data sources, gathering policies, import policies, and task stubs in Interest Manager. It also shows how to specify the set of computers to gather logs from and how to schedule tasks. The video concludes by reminding viewers to save their changes and commit them for them to take effect.