Many real-world complex systems can be modeled as dynamic networks with real-valued vertex/edge attributes. Examples include users' opinions in social networks and average speeds in a road system. When managing these large dynamic networks, compressing attribute values becomes a key requirement, since it enables the answering of attribute-based queries regarding a node/edge or network region based on a compact representation of the data. To address this problem, we introduce a lossy network compression scheme called Slice Tree (ST), which partitions a network into smooth regions with respect to node/edge values and compresses each value as the average of its region. ST applies a compact representation for network partitions, called slices, that are defined as a center node and radius distance. We propose an importance sampling algorithm to efficiently prune the search space of candidate slices in the ST construction by biasing the sampling process towards the node values that most affect the compression error. The effectiveness of ST in terms of compression error, compression rate, and running time is demonstrated using synthetic and real datasets. ST scales to million-node instances and removes up to 87% of the error in attribute values with a 10 compression ratio. We also illustrate how ST captures relevant phenomena in real networks, such as research collaboration patterns and traffic congestions.
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