What is advantage and disadvantage of primary data?

What is an advantage of primary 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 are the disadvantages of using primary data?

Cost is one of the major reasons why researchers, and organisations will choose not to use primary research. The time and resources involved in preparing the data, collecting a relevant data set, and managing the information can be extensive and for this reason it is a major disadvantage of the approach.

What are the advantages and disadvantages 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.Secondary Data: Advantages, Disadvantages, Sources, Types

What are 3 disadvantages of primary research?

Although cheaper, researchers cannot confirm the quality of secondary data. They have no control over the sampling process and data collection. Data may not be up to date due to more time lag between data collection and publication results. For some time series data, they may not be updated regularly.