Cluster and Clustering Presented by Naruebeth Khakhanmanee
Definition Cluster - A grouping of a number of similar things. - Clusters are geographic concentrations of interconnected companies or institutions that manufacture products or deliver services to a particular field or industry. Clusters typically include companies in the same industry or technology area that share infrastructure, suppliers, and distribution networks.
Definition Clustering A main task of explorative data mining, and a common technique for statistical data analysis used in many fields, including pattern recognition, image analysis, information retrieval, bioinformatics. Etc.
Advantage/Benefits of Cluster Benefits of Clusters Clusters provide benefits to individual firms and differentiate regions. They take time to establish but, when they are fully functioning, provide a vital and dynamic engine for growth and productivity
Advantage/Benefits of ClusteringBenefits of Clustering Business productivity: Companies operating in a cluster operate more efficiently by taking better advantage of economies of scale and shared resources Innovation and knowledge transfer: As part of a cluster, companies can better source new knowledge and pursue innovation opportunities through stronger links with institutions, service providers and educational establishments Market awareness: Clustering allows companies to serve existing markets better and to respond to future market changes, through the establishment of closer links with local clients and markets. Companies in a cluster can also act co-operatively in sourcing market data.