Jason Brimhall dumps a server-side trace in favor of extended events:
Some time ago, I wrote an article for SQL Server 2008 to help determine the use of the server since SQL Server 2008 was reaching End Of Life. In that article, I shared a reasonable use of server side trace to capture all of the logon events to the server. Afterall, you have to find out the source of connections and who is using the server if you need to migrate it to a newer SQL Server version. You can read that article here.
Soon after, from various sources, I received requests on how to perform a logon audit using the more preferred, robust, venerable, awesome tool called Extended Events (XEvents). In response, I would share a login audit session to each person. In this article, I will share my login audit solution and give a brief explanation. I use a solution like this on more than 90% of my client servers and I find it highly useful.
Click through to see how.