Data-Collection-Methods (1)
Data-Collection-Methods (1)
& Examples
Although data is a valuable asset for every organization, it does not serve any
purpose until it is analyzed or processed to achieve the desired results.
Numerical data,
Surveys, polls and
Statistical analysis
To quantify phenomena and trends.
Quantitative Methods:
Quantitative techniques for market research and demand forecasting usually
use statistical tools. In these techniques, demand is forecasted based on
historical data. These methods of primary data collection are generally used to
make long-term forecasts. Statistical analysis methods are highly reliable as
subjectivity is minimal.
Qualitative Methods:
Qualitative data collection methods are especially useful when historical data
is unavailable or when numbers or mathematical calculations are
unnecessary.
1. Surveys: Surveys collect data from the target audience and gather insights
into their preferences, opinions, choices, and feedback related to their
products and services. Most survey software offers a wide range of question
types.
You can also use a ready-made survey template to save time and
effort. Online surveys can be customized to match the business’s brand by
changing the theme, logo, etc. They can be distributed through several
channels, such as email, website, offline app, QR code, social media, etc.
You can select the channel based on your audience’s type and source. Once
the data is collected, survey software can generate reports and run analytics
algorithms to discover hidden insights.
This form of data collection is suitable for only a few respondents. It is too
time-consuming and tedious to repeat the same process if there are many
participants.
4. Delphi Technique: In the Delphi method, market experts are provided with
the estimates and assumptions of other industry experts’ forecasts. Based on
this information, experts may reconsider and revise their estimates and
assumptions. The consensus of all experts on demand forecasts constitutes
the final demand forecast.
A moderator regulates the discussion among the group members. At the end
of the discussion, the group reaches a consensus.
Government reports
Press releases
Business journals
Libraries
Internet
However, the authenticity of the data gathered cannot be verified using these
methods.
Regardless of the data collection method of your choice, there must be direct
communication with decision-makers so that they understand and commit to
acting according to the results.
For this reason, we must pay special attention to the analysis and
presentation of the information obtained. Remember that these data must be
useful and functional to us, so the data collection method has much to do with
it.
Define the Objectives: Clearly outline the goals of the data collection.
What questions are you trying to answer?
Identify Data Sources: Determine where the data will come from. This
could include surveys, interviews, existing databases, or observational
data.
Choose Data Collection Methods: Select appropriate methods based
on your objectives and data sources. Common methods include:
o Surveys and questionnaires
o Interviews (structured or unstructured)
o Focus groups
o Observational Research
o Document analysis
Develop Data Collection Instruments: Create or adapt tools for
collecting data, such as questionnaires or interview guides. Ensure
they are valid and reliable.
Select a Sample: If you are not collecting data from the entire
population, determine how to select your sample. Consider sampling
methods like random, stratified, or convenience sampling.
Collect Data: Execute your data collection plan, following ethical
guidelines and maintaining data integrity.
Store Data: Organize and store collected data securely, ensuring it’s
easily accessible for analysis while maintaining confidentiality.
Analyze Data: After collecting the data, process and analyze it
according to your objectives, using appropriate statistical or qualitative
methods.
Interpret Results: Conclude your analysis, relating them back to your
original objectives and research questions.
Report Findings: Present your findings clearly and organized, using
visuals and summaries to communicate insights effectively.
Evaluate the Process: Reflect on the data collection process. Assess
what worked well and what could be improved for future studies.
Survey Tools
Survey tools are software applications designed to collect quantitative data
from a large audience through structured questionnaires. These tools are
ideal for gathering customer feedback, employee opinions, or market research
insights. They offer features like customizable templates, real-time analytics,
and multiple distribution channels to help you reach your target audience
effectively.
1. Open Data Kit (ODK): This is for mobile data collection in field
settings.
2. REDCap: A secure web application for building and managing online
surveys.
If you are interested in purchasing, we invite you to visit our article, where we
dive deeper and analyze the best data collection tools in the industry.
Conclusion
The conclusion you obtain from your investigation will set the course of the
company’s decision-making, so present your report clearly and list the steps
you followed to obtain those results.
Make sure that whoever will take the corresponding actions understands the
importance of the information collected and that it gives them the solutions
they expect.