Q4 - L1 Types of Data
Q4 - L1 Types of Data
1.Ease of access
The secondary data sources are very easy to access, such as using the internet.
2. Low cost or free
The majority of secondary sources are free for use or at very low costs. It saves not only
your money but your efforts.
3.Time Saving
4. Allow you to generate new insights from
previous analysis
Reanalyzing old data can bring unexpected new
understandings and points of view or even new relevant
conclusions.
5. Longitudinal analysis
Secondary data allows you to perform a longitudinal analysis,
which means the studies are performed spanning over a large
time. This can help you to determine different trends.
Researchers can find secondary data from many years back up to
a couple of hours ago. It allows them to compare data over time.
6. Anyone can collect the data
Secondary data research can be performed by people who aren’t
familiar with the different data collection methods. Practically,
anyone can collect it.
7. A huge amount of secondary data with a wide variety
of sources
It is the richest type of data available to you in a wide variety of
sources and topics.
DISADVANTAGES OF SECONDARY DATA
1. Secondary data sources can give you a huge amount of information,
but quantity does not always mean appropriateness.
2. The secondary data might lack quality. The source of the
information may be questionable, especially when you gather the
data via the Internet.
3. As the secondary data is collected by someone else than you,
typically the data is biased in favor of the person who gathered it.
4. 4. Secondary data is collected in the past which means it might be
out-of-date.
TYPES OF SECONDARY DATA
TWO TYPES OF SECONDARY DATA, BASED ON THE
DATA SOURCE:
• Internal sources of data: information gathered within the
researcher’s company or organization (examples – a database
with customer details, sales reports, marketing analysis, your
emails, your social media profiles, etc).
• External sources of data: the data collected outside the
organization (i.e. government statistics, mass media channels,
newspapers, etc.)
SECONDARY DATA CAN BE 2 TYPES DEPENDING
ON THE RESEARCH STRANDS