Time series databases allow businesses to store time-stamped data. A company may adopt a time series database if they need to monitor data in real time or if they are running applications that continuously produce data. Some examples of applications that product time series data include network or application performance monitoring (APM) software tools, sensor data from IoT devices, financial market data, and a number of security applications, among many others. Time series databases are optimized for storing this data so that it can be easily pulled and analyzed. Time series data is often used when running predictive analytics or machine learning algorithms, enabling users to understand historical data to help predict future outcomes. Some big data processing and distribution software may provide time series storage functionality.
To qualify for inclusion in the Time Series Databases category, a product must:
Store data based on timestamps
Consume data in real time
Allow users to easily pull the data for time series analysis