InfluxData is responding to the growing need for IoT tools and mechanics by developing its open source 'metrics and events' platform for building IoT analytics and monitoring applications. The company has joined the PTC Partner Network and now integrates with PTC's ThingWorx IoT package, making its time series data technology accessible to developers through the ThingWorx Marketplace. According to Brian Mullen, VP of business development at InfluxData, all sensor data is inherently time series data due to its temporal nature, which requires efficient storage and analysis capabilities to extract meaningful insights from it.