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Why Data Mining?

  • The Explosive Growth of Data: from terabytes to petabytes
    • Data collection and data availability
      • Automated data collection tools, database systems, Web, computerized society
    • Major sources of abundant data
      • Business: Web, e-commerce, transactions, stocks, …
      • Science: Remote sensing, bioinformatics, scientific simulation, …
      • Society and everyone: news, digital cameras, YouTube
  • We are drowning in data, but starving for knowledge!
  • “Necessity is the mother of invention”—Data mining—Automated analysis of massive data sets

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