The Value in Time Series Data

At first glance, when I see large amounts of data, boredom quickly overcomes me. I would compare it to trying to read a different language or hearing a highly intelligent person try to explain a complicated task. The data seems worthless, but if used correctly it can be quite valuable. The simple truth is, after you see the value in something, a perspective can quickly change. At least, that is what caused my perspective on time series data to change. 

What is time series data? It is the constant monitoring of a piece of equipment; a steady stream of information that might record a machine's speed and productivity. It gives the company access to a timeline of what is happening and what has happened to the piece of equipment. After hearing that explanation, you might be inclined to think that there is a whole lot of pointless information that could be recorded. However, this is not the case.

The bottom line is that time series data can prove to be invaluable to a company. It gives operational insight that can help a piece of equipment run more efficiently. I now have access to information that could help me discover how a piece of equipment might be might be run more safely and efficiently. Looking at this gives a timeline of everything that happens to the equipment and may help me prevent future operator errors and

The AxiomTrend allows you to stream live data anytime and anywhere.

equipment failures. In short, it provides efficiency. Why would you not want your factory to run more efficiently? For me, when it comes to making decisions, I like to have all the facts. Having the time series data available provides these facts to a company and makes the decision-making process a whole lot quicker. Not only that, but it can also lead to some interesting observations that could be very beneficial for the future of your company.

There are lots of different options as to which software to choose when looking to record your time series data. However, If you want quality software that gives the answers you need and yet is easy to use, the Canary Historian is your best bet. It not only provides you with all the data that many other historians erase, it provides accurate and reliable information that can prove to be helpful. Many historians compress the data being recorded which only creates problems for the future. A company might see gaps in their time series data which leads to loss of time, value and quality parameters. The Canary Historian gives you all he data. The philosophy behind this, is that your data is your data. All I have to do is sit back and let the software do the rest. 

When you see the benefits of time series data, the answer is quite clear: it has too much value to be overlooked. If more companies recorded and utilized time series data, it would leave them asking the question, 'why didn't we take advantage of this sooner?' I would say, it was because they didn't see the value in it.