The present subject matter discloses a system and a method for identifying information from sensor data in a sensor agnostic manner. The system may receive sensor data provided by a sensor and may determine statistical features of the sensor data. The system may determine signal dynamics of the sensor data based on at least one of the statistical features, signal processing features, and a data distribution model. The system may select at least one outlier class based on the signal dynamics, number of streams of the sensor data, and dimensions of the sensor data. The system may select at least one outlier detection method associated with an outlier class for detecting outliers in the sensor data. The system may determine information content of the sensor data based on the outliers, the signal dynamics, the statistical features, and information theoretic features, and similarity or dissimilarity measure.