Time series data isn’t a new challenge for software developers, but the exponential increase in time series data in recent years (with no signs of slowing down) certainly makes it more complicated. Many companies have had access to time series data, but never really understood how to leverage it effectively.
Software developers have been working with time series data in their applications for decades.
For example, a database that continually overwrites the previous data point when a new one comes in is problematic for developers trying to use time series data.
Companies with considerable time series data use cases, Kudalugodaarachchi said, may benefit from using a data store that specializes in time series data, since it will take into account the challenges described previously, such as performing those time-slice aggregations in the database itself (instead of the application layer) to deliver near-real-time response rates.