What Are The Advantage And Disadvantage Of Secondary Data?

What is primary data and its advantages and disadvantages?

Advantage of primary data Its authenticity, specific existence, and up-to-date data are some common benefits of primary data, whereas secondary data is very cheap and not time-consuming.

Primary data is very accurate since it is essentially objective and explicitly obtained from the original source..

What are the pros and cons of secondary research?

Pros: As it is largely based on already existing data derived from previous research, secondary research can be conducted more quickly and at a lesser cost. Cons: A major disadvantage of secondary research is that the researcher may have difficulty obtaining information specific to his or her needs.

What are the advantages of using secondary data?

Advantages of Secondary data It is economical. It saves efforts and expenses. It is time saving. It helps to make primary data collection more specific since with the help of secondary data, we are able to make out what are the gaps and deficiencies and what additional information needs to be collected.

What are the disadvantages of using secondary research?

While secondary research is often valuable, it also has drawbacks that include:Quality of Researcher. … Not Specific to Researcher’s Needs. … Inefficient Spending for Information. … Incomplete Information. … Not Timely. … Not Proprietary Information.

What are the five advantages of secondary data?

Advantages And Disadvantages Of Secondary DataEase of access. The secondary data sources are very easy to access. … Low cost or free. … Time-saving. … Allow you to generate new insights from previous analysis. … Longitudinal analysis. … Anyone can collect the data. … A huge amount of secondary data with a wide variety of sources.

What is difference between primary and secondary memory?

KEY DIFFERENCE Primary memory data is directly accessed by the processing unit whereas Secondary memory data cannot be accessed directly by the processor. … Primary memory is both volatile & nonvolatile whereas Secondary memory is always a non-volatile memory.

What precautions should be taken while using secondary data?

What are the Precautions to be taken before using Secondary Data?Suitable Purpose of Investigation.Inadequate Data.Definition of Units:Degree of Accuracy.Time and Condition of Collection of Facts:Homogeneous Conditions.Comparison.

What are the advantages and disadvantages of primary and secondary data?

Some common advantages of primary data are its authenticity, specific nature, and up to date information while secondary data is very cheap and not time-consuming. Primary data is very reliable because it is usually objective and collected directly from the original source.

What is a disadvantage of secondary data?

A major disadvantage of using secondary data is that it may not answer the researcher’s specific research questions or contain specific information that the researcher would like to have. … Often times this can limit the analysis or alter the original questions the researcher sought to answer.

Why secondary data is better than primary data?

Secondary data requires less time and money; hence it is economical. No particular precaution or editing is required while using the primary data as these were collected with a definite purpose. Both precaution and editing are essential as secondary data were collected by someone else for his own purpose.

What are the main source of secondary data?

Secondary data refers to data that is collected by someone other than the primary user. Common sources of secondary data for social science include censuses, information collected by government departments, organizational records and data that was originally collected for other research purposes.