An outlier is a data value that is numerically distant from most of the other data points in a set of data
According to James E. Short of The Sloan Management Review, data value is the synthesis of several techniques of valuing something. Information that has been transformed into letters, numbers, and/or symbols so that a machine can read, move, and modify it is referred to as "data value." Data are obviously information that a person would interpret as numbers, such as statistics, phone numbers, or inventory counts. But anything can be data in our world, which was built on digital technology.
However, when we discuss the data value in a business context, we mean the overall, quantifiable financial impact of all the ways your organization uses enterprise data.
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