Difference Primary & Secondary Data
Difference Primary & Secondary Data
Availability
Secondary data are this way because they have previously been broken
down by researchers who collected the primary data afresh. A good
example is the Thomson Reuters annual market reports that are made
available to the public.
When Thomson Reuters collect this data afresh, they are usually raw and
may be difficult to understand. They simplify the results of this data by
visualizing it with graphs, charts, and explanations in words.
When collecting primary data, researchers lookout for a tool that can be
easily used and can collect reliable data. One of the best primary data
collection tools that satisfy this condition is Formplus.
Formplus is a web-based primary data collection tool that helps
researchers collect reliable data while simultaneously increasing the
response rate from respondents.
Sources
Primary data sources are sources that require a deep commitment from
researchers and require interaction with the subject of study. Secondary
data, on the other hand, do not require interaction with the subject of
study before it can be collected.
Specific
Secondary day, on the other hand, is not expensive making it easy for
people to conduct secondary research. It doesn't take so much time and
most of the secondary data sources can be accessed for free.
Disadvantage
The disadvantage of primary data is the cost and time spent on data
collection while secondary data may be outdated or irrelevant. Primary
data incur so much cost and takes time because of the processes
involved in carrying out primary research.
Cost-effectiveness
In fact, a researcher might work with both primary data and secondary
data for one research. This is usually very advisable in cases whereby the
available secondary data does not fully meet the research needs.
Therefore, a little extension on the available data will be done and cost
will also be saved. For example, a researcher may require a market
report from 2010 to 2019 while the available reports stop at 2018.
Collection Time
The time required to collect primary data is usually long while that
required to collect secondary data is usually short. The primary data
collection process is sometimes longitudinal in nature.