Data refers to a set of raw qualitative or quantitative variables. … With that, we can define data value as the measurable financial impact of how your organization applies that data.

What does data value mean?

The information contained in a data field. It may represent a numeric quantity, a textual characterization, a date or time measurement, or some other state, depending on the nature of the attribute. (

How do you find data value?

Generally we add up all the values and then divide by the number of values. In this case, working backwards, we multiply by the number of values (instead of dividing) and then subtract (instead of adding). You should be left with a data value from the set.