Question

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

Answer 1

Answer:

The primary data is fresh or first-hand data that the investigator collects as requested by the investigator. Where multiple methods like questionnaire, interview, observation, and so on. may gather information.

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. Compared to secondary data, it also provides up-to-date data about just a research topic.
• Whereas, secondary day is not costly, making it convenient for individuals to perform secondary study. It doesn’t take too much time and it is easy to reach almost all of the secondary data sources for free.

Disadvantages of primary data

The limitation to primary data is the expense and time is spent on gathering data, whereas secondary information may be inaccurate or irrelevant. Due to the obvious procedures associated with carrying out primary research, primary data involve much costs and requires time.