AWS announced a new time series database today at AWS re:Invent in Las Vegas. The new product called DynamoDB On-Demand is a fully managed database designed to track items over time, which can be particularly useful for Internet of Things scenarios.

“With time series data each data point consists of a timestamp and one or more attributes and it really measures how things change over time and helps drive real time decisions,” AWS CEO Andy Jassy explained.

He sees a problem though with existing open source and commercial solutions, which says don’t scale well and hard to manage. This is of course a problem that a cloud service like AWS often helps solve.

Not surprising as customers were looking for a good time series database solution, AWS decided to create one themselves. “Today we are introducing Amazon DynamoDB on-demand, a flexible new billing option for DynamoDB capable of serving thousands of requests per second without capacity planning,” Danilo Poccia from AWS wrote in the blog post introducing the new service.

Jassy said that they built DynamoDB on-demand from the ground up with an architecture that organizes data by time intervals and enables time series specific data compression, which leads to less scanning and faster performance.

He claims it will be a thousand times faster at a tenth of cost, and of course it scales up and down as required and includes all of the analytics capabilities you need to understand all of the data you are tracking.

This new service is available across the world starting today.