A data management system and associated data management method is disclosed herein. An exemplary method for managing data includes receiving data records timestamped with times spanned by a defined time interval; generating a data cube that includes data planes, wherein each data plane contains a set of data records timestamped with times spanned by the defined time interval; generating an index hypercube for the data cube, wherein dimensions of the index hypercube represent hash values of index keys defined for accessing the data cube; and generating an indexed data cube for storing in a database, wherein the indexed data cube includes the data cube and the index hypercube. The index hypercube includes index hypercube elements, where each index hypercube element represents a unique combination of hashed index key values that map to a data plane in the data cube.