Mean, median, mode and range. You likely learned these terms in grade school -- but have you revisited them since? Identifying the statistical mean, median, mode and range can reveal insights about data sets -- and ultimately your business. Learn how these values can be of value in an enterprise. Mean, median, mode and range are all different ways to describe the average data set value -- often referred to as a central tendency. Depending on which kind of average you look at -- either mean, median, mode or range -- you define the context of your data set. For instance, mode will tell you the most commonly occurring value, but that might not be the best representation of the data set for a specific goal or scenario. Identifying and contextualizing different central tendencies, or averages, helps IT teams reveal underlying causes of a problem, forecast needs or set parameters for systems. Let us know how you utilize mean, median, mode or range in your IT strategy in the comments below, and please hit the like button. Read more about statistical mean, median, mode and range: https://searchdatacenter.techtarget.com/definition/statistical-mean-median-mode-and-range/?utm_source=youtube&utm_medium=description&utm_campaign=ajo1noUQk50&offer=video-ajo1noUQk50 Subscribe to Eye on Tech for more videos covering the latest in business technology, including security, networking, AI, DevOps, enterprise strategy, storage, devices and more: https://www.youtube.com/EyeOnTech Stay up to date on the latest data center news: https://searchdatacenter.techtarget.com/ Follow us on Twitter: https://twitter.com/DataCenterTT Like us on Facebook: https://www.facebook.com/SearchStorage/ #MeanMedianModeRange #DataAnalysis #EyeOnTech