“Data mining” for “knowledge discovery in databases” and associated computational operations first introduced in the mid-1990 s can no longer cope with the analytical issues relating to the so-called “big data”. The recent buzzword big data refers to large volumes of diverse, dynamic, complex, longitudinal and/or distributed data generated from instruments, sensors, Internet transactions, email, video, click streams, noisy, structured/unstructured and/or all other digital sources available today and in the future at speeds and on scales never seen before in human history. The big data also being described using 3 Vs, volume, variety and velocity (with an additional 4th V for “veracity” and more recently with a 5th V for “value”), requires a...