Improve Logging Capabilities

[kennknowles]

[~tibor.kiss]
"""
Currently we are not instantiating the logger, just using the class what logging package provides.
Shortcoming of this approach is that the user cannot set the log level on a per module basis as all log messages
end up in the root level.
"""

Imported from Jira BEAM-1825. Original Jira may contain additional context.
Reported by: altay.

[Abacn]

.take-issue