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Timescale pivoted from an IoT platform into a time-series database

Ajay Kulkarni · 3 Heretical Ideas on the Future of Data // Ajay Kulkarni, TimescaleDB (FirstMark's Data Driven NYC) · Sep 17, 2018 · at 15:01

Ajay Kulkarni, co-founder and CEO of Timescale, describes the origin story of TimescaleDB and their pivot away from IoT infrastructure.

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“We have close to a 100,000 devices on our platform, and we need a place to store them, and, you know, and we tried a bunch of databases. It didn't work. Long story short, we just built our own time series database but we're still in the IoT business, and we found that companies we were talking to were more interested in the in the database itself and in the platform which I think says, you know, something about the market for this database, but also something about the market for IoT platforms and, you know, we quickly realized that, that this was the bigger market,”

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Opinion
Kulkarni: The big data era is over and the time series era has begun
“The big data era is over, and in fact, we're now entering the time series era for analyzing the past, understanding the present, and predicting the future.”
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Insight
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Assertion Not checkable as stated
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Ajay Kulkarni Sep 17, 2018 ▶ 9:23 3 Heretical Ideas on the Future of Data // Ajay Kulkarni, TimescaleDB (FirstMark's Data Driven NYC)
Assertion Not checkable as stated
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Insight
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“And in fact, I would argue that not storing your data as time series is throwing away valuable information, because then you're losing how your data changed in the past, how it would be changing today, and how it might change in the future.”
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Assertion Supported
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“I think Elastic, which is Filed Furnace for a IPO, is an example of that. I think they're already making a hundred and sixty million In revenue, which is more than Mongo's making already, which is crazy.”
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