Secondary Data Concept

Secondary Data Concept

Secondary data is a data which is not originally collected for a purpose, such data collected by someone else for some purpose. Secondary data has already gone through a statistical process / technique.

Secondary Data Sources

Secondary data sources include Government, Semi Government, Trade union, research & educational institution, professional magazine and news paper.

Secondary Data Advantages

1.    Low Cost

Secondary data first advantage is its low cost. There is very little cost involved in collected such data. For example you need to buy a professional magazine from the market and this is the total cost for your data collection.

2.    Time Saved

Secondary data second advantage is saving of time because data is readily available and therefore can immediately be used for the research or other purposes.

Secondary Data Disadvantages

1.    Not updated

Secondary first disadvantage is its non update ion issue because it is originally collected by the current user.

2.    Difficult to use

Secondary data second disadvantage is difficulty faced by the user for using the data because it may be available in a form and format which may be difficult to manipulate by current user.