A system associated with a sensing roll (10, 918, 926) and a mating roll (11, 942A) for collecting roll data comprising: the sensing roll and mating roll located relative to one another to create a nip (12, 1201, 1203) therebetween, wherein a web of material travels through the nip from an upstream direction to a downstream direction and a continuous band, arranged to travel around in a loop pattern, contacts at least a region of the web of material upstream from the nip (12, 1201, 1203); a plurality of sensors (26, 26A) located at axially spaced-apart locations of the sensing roll (10, 918, 926), wherein each sensor enters a region of the nip (12, 1201, 1203) during each rotation of the sensing roll to generate a respective sensor signal; structure for generating a periodically occurring time reference associated with each rotation of the continuous band around the loop pattern; and a processor (903, 903A, 903B) to receive the periodically occurring time reference and the respective sensor signal generated by each sensor (26, 26A) and, after receiving the respective sensor signal, the processor operates to: determine a particular one of the plurality of sensors (26, 26A) which generated the respective sensor signal, based upon an amount of time that elapsed between when the respective sensor signal was generated and a most recent time reference, identify one of a plurality of time-based tracking segments associated with the continuous band, wherein each of the plurality of tracking segments is, respectively, associated with a different amount of elapsed time, and store the respective sensor signal to associate the respective sensor signal with the identified one time-based tracking segment. the sensing roll and mating roll located relative to one another to create a nip (12, 1201, 1203) therebetween, wherein a web of material travels through the nip from an upstream direction to a downstream direction and a continuous band, arranged to travel around in a loop pattern, contacts at least a region of the web of material upstream from the nip (12, 1201, 1203); a plurality of sensors (26, 26A) located at axially spaced-apart locations of the sensing roll (10, 918, 926), wherein each sensor enters a region of the nip (12, 1201, 1203) during each rotation of the sensing roll to generate a respective sensor signal; structure for generating a periodically occurring time reference associated with each rotation of the continuous band around the loop pattern; and a processor (903, 903A, 903B) to receive the periodically occurring time reference and the respective sensor signal generated by each sensor (26, 26A) and, after receiving the respective sensor signal, the processor operates to: determine a particular one of the plurality of sensors (26, 26A) which generated the respective sensor signal, based upon an amount of time that elapsed between when the respective sensor signal was generated and a most recent time reference, identify one of a plurality of time-based tracking segments associated with the continuous band, wherein each of the plurality of tracking segments is, respectively, associated with a different amount of elapsed time, and store the respective sensor signal to associate the respective sensor signal with the identified one time-based tracking segment. determine a particular one of the plurality of sensors (26, 26A) which generated the respective sensor signal, based upon an amount of time that elapsed between when the respective sensor signal was generated and a most recent time reference, identify one of a plurality of time-based tracking segments associated with the continuous band, wherein each of the plurality of tracking segments is, respectively, associated with a different amount of elapsed time, and store the respective sensor signal to associate the respective sensor signal with the identified one time-based tracking segment.