Difference Between Primary Data and Secondary Data

Difference between primary data and secondary data is that primary data is the raw data and secondary data is making use of the primary data of others. Collection data is one of the significant parts of Data analysis.

There are two methods in collecting the information they are primary data and secondary data. The method of gathering information for the first time is said to be primary data. Secondary data is the method of analysis in which the data is being gathered by others is being used. Therefore original data is said to be primary data and the simplification of the primary data is said to be as secondary data.

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Primary data

The method of collecting the information for the first time with their personal experience or created by once own is said to be primary data. Which can also be said as raw data. Gathering the primary data is costly as it can be analysed by an agency or an organization which requires skilled labour to process these data.

These data are collected by means of surveys, interviews and observations etc.

Secondary data

The method of making use of the primary data created by someone that is being designed for there purpose which cannot be applied for the current problem is said to be as Secondary data. Which can be accessible by means of the information that is being collected from the sources like publications, books and journals etc.

Gathering the information by this method is affordable and available easily but the main disadvantage is that it cant be a solution for the present analysis as it won’t be accurate in the information.

Difference Between Primary Data and Secondary Data

Primary data

• The information that is collected for the first time is said to be as primary data.
• Primary data is said to be as the original data as it is being collected by the investigator for the first time.
• it is being also called as the raw data or information.
• primary information are more dependable and reasonable for the enquiry since it is gathered for a specific reason.
• Primary data is costly and takes much time.
• No specific precaution or altering is required while utilizing primary data as these have been gathered with a perfect purpose.
• Primary data is generally up to date because of the fact that it gathers data continuously and doesn’t gather data from old sources.

Secondary data

• The data or information that has been collected by someone is being used means it refers to secondary data.
• These data are not said to be as original as primary data because it is created by someone for his own purpose.
• Most of these data are in the finished form.
• It is less reasonable as another person has gathered the data which may not match the coordinate our motivation.
• Secondary does not consume money and time like the primary data so they are more economical.
• Editing should be done as an essential process in the secondary data as it is being collected by someone for there specific use.

Pros of primary data

• Primary data is explicit to the requirements of the researcher at the moment of data assortment. The specialist can control the sort of data that is being collected.
• These data are being gathered for the specific purpose and hence it is accurate than the secondary data.
• The person who gathers the primary data has its full control.
• Primary data is said to be as the original data as it is being collected by the investigator for the first time.

Cons of primary data

• It is expensive than the secondary data, which makes the difficulty in collecting the primary data.
• It takes much time to be gathered.
• It is very complex to collect the primary data
• It requires skilled labour or organization to get finished.

Pros of secondary data

• When compared with primary data secondary data can be collected easily which is available in the different platform that can be accessed easily by the researcher.
• It is more affordable and is free in some cases.
• Secondary data makes it conceivable to complete longitudinal investigations without having spent much time to draw end results.
• It consumes very less time than the primary data.

Cons of secondary data

• It is outdated as there is no new data to match with the present problem.
• These data are not said to be as original as primary data because it is created by someone for his own purpose.
• They have to deal with the irrelevant data before fining the required information.

Conclusion

The primary and the secondary data are the two methods that involve in data analysis and the main difference between primary data and secondary data is that primary data is the raw data and secondary data is making use of the primary data of others and the primary data requires much time and money, unlike the secondary data.