Apache Arrow, Apache Parquet, and InfluxDB IOx are key components of the next generation storage engine being built by InfluxData. The new storage engine uses Rust for performance reasons, but developers used pyarrow client library to interact with it. The basics of Apache Arrow include data containers such as Arrays and Tables, which can be created using code snippets like `pa.array()` and `pa.Table.from_arrays()`. The primary feature of Arrow is providing facilities for saving and restoring tabular data in formats like Parquet. A practical example uses Apache Arrow to pull a large sample dataset from InfluxDB's TSM engine, convert it into an Arrow table structure, save it as partitioned Parquet files, and then reload the partitions to perform basic aggregations on the data. The new storage engine emphasizes its commitment to the greater ecosystem by allowing exportation of Parquet files, enabling analysis in platforms like Rapid Miner.