A computerized method of representing a dataset with a taxonomy includes augmenting a dataset containing a plurality of records with a plurality of predetermined exemplars; representing the plurality of records and predetermined exemplars within the augmented dataset as a plurality of clusters in an initial taxonomy layer; generating a truncated hierarchy of cluster sets based on clusters within the initial taxonomy layer, wherein clusters within the truncated hierarchy contain no more than a predetermined number of exemplars; and labeling clusters within the truncated hierarchy.