In: Economics
Regarding your data collection methods for movie theaters, consider the fact that virtually everything we do is now digital. How would you facilitate data collection digitally? Please be more specific about the experiments that you are suggesting for pharmaceutical companies. What type of experiments? How would they be facilitated/managed?
Ans) The collection of data to any company help to reduce the cost of the product, by analysing the data the producer can reduce their cost price on per unit of output. Digital data collection can be use more efficiently as to find a particular data you can do easily without wasting of time, as it takes less time then traditional methods. There are various methods which can be used in collecting the data. Questionnaire, case study, interview, quantitative and qualitative data methods. In questionnaire method the collector have to set question which are going to be asked or in which area the data collection is needed. Case study is the method in which the detail of case is needed and in which area it is going to be used,on the basis of use , the data collector studies the case in regarding. For pharmaceuticals company the best method for data collection is questionnaire method, in this various question can be formed that can be asked from patients, doctor, nursing staff etc. And in digital the time consumption will be less as no of question can be send via e-mail, message or through the online link. The investigator need not have to go from one place to another for collecting the data. In this way it is reliable as well as valid. The stored in computer or collected digitally can be accessed at any time, no need for special care for keeping data. The questionnaire method is suitable for pharmaceutical company, as question can be asked from different market.