I usually just draw a box and write "data logger" in it, and that seems to have got me through ok...
Advantages of a data logger is that it will often plot the graphs for you, and more accurately than you could with a pencil and paper, so it saves time and effort and is a bit more accurate.
I'm not really sure about disadvantages... they're more expensive than ordinary ammeters and voltmeters? They can take a long time to set up?