With more than 90 percent of today’s data having been produced within the last two years, we are experiencing a data explosion that makes traditional ad-hoc analysis obsolete for gaining business insights. This presents an ever-growing gap between entities that generate the so-called big data (for instance, a sensor that sends braking information from a vehicle) to the systems that successfully analyze the data and yield business insights.
Statisticians often cluster large amounts of data to understand it. Similar data are categorized in the same cluster, while different clusters are kept as far apart from each other as possible.
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