INTERNET OF THINGS (IoT) and CONNECTED DEVICE DATA
Connecting smart devices in our homes to provide better service and save money is helping drive the growth of the Internet of Things (IoT). Examples include: Utilities that have meters creating billions of data points a year and companies like The Weather Company managing 20 terabytes of new data per day.
Riak TS is a key/value store that supports rapid ingestion of time series data from connected devices. It provides extremely fast reads and writes on a scalable architecture. Riak TS enables application processing of this data to generate actionable information. Riak TS is designed to scale horizontally with commodity hardware, making it easy for administrators to add capacity without complex sharding.
TIME SERIES FINANCIAL DATA
Time series data not only comes from devices but is also generated in our financial systems in the form of stock market indices, commodity prices, unemployment numbers, and many other financial and economic indicators. Time series data can be used to see how a given asset, security, or economic variable changes over time or how it changes compared to other variables over the same time period.
Riak TS is uniquely architected to process the vast amount of time series data including financial and economic data. It enables related data to be stored, queried, and analyzed together to optimize the performance of reads and writes.
SCIENTIFIC TIME SERIES DATA
Scientific fields are also increasing their collection and analysis of large-scale time series data. For example, understanding the relationship between El Niño weather patterns and fish populations requires measuring and comparing air pressure changes in the Pacific Ocean against the number of new fish reported by fisheries and research expeditions.
To perform this type of analysis, you must be able to run queries of time series data at scale, as well as validate your data while it’s being collected to assist with data integrity and compliance. You also need a strong and familiar query language to quickly analyze your data without resorting to complex ETL tricks to do ‘off-box’ analysis with custom tools.
Riak TS provides all of this critical functionality and more so that you can focus on understanding and analyzing your data instead of being overwhelmed by the data tsunami.