The use and Value of a Data Research
Published 15 Feb 2017
Many areas in business nowadays need a lot of research to be carried out by both the parties involved and the well wishers. In the modern world, there is a lot of competition in the business industry and the only way to keep abreast with the competition is by investing in the research sector. There are many research centers but they do not focus mainly on business. They deal with other aspects of life rather than business.
The paper shall focus on the need to establish a data research center and also the value that it will add to the market. The research center will deal with writing up of business proposals for the existing and upcoming business people, it will focus on research designing, data collection, data analysis and also report writing among other customized requests from the customers.
Many businesses have continually performed terribly and below standards due to lack of innovations and research driven ideas. Those that have deployed this mode of approach can attest to it that it is really working and it has helped the businesses achieve their short and long term objectives and goals. This research paper shall address the values and the uses that accompany a good data research center. It shall go ahead to define the problem in question and give relevant implications and conclusions as appertains to the research.
Aims and Objectives of the Research
In this section of the research proposal, the paper discusses the problem and the question at hand. Data centers have been viewed as vital revolutionary tools in the business industry. It is therefore the aim of this proposal to expound and shade light on the same. The values and uses of the data research centers shall be discussed at length with the objective of improving the business environment both locally and internationally.
In addition, the role of data centers shall be outlined keeping in mind that businesses need to go in this direction of doing business. Today, many businesses are being encouraged to adopt this type of approach and effect it if they have to realise any substantial gains in terms of business competition and growth. The other objective of the research proposal is to enlighten the public and all stakeholders on the importance of data research centers and encourage them to respond positively to the idea (Thompsen, 2003). There has been a lot of speculations in the media and among the public that research centers are just focused on money making and that they have forgotten the main reason as to why they are in business. The aim of the research data centers is to carry out various researches and brief the business community on the findings and also advice them accordingly. By demystifying these speculations and allegations, there is likely to be positive response from the public.
Scope and Limitation.
This research proposal shall be limited to the business industry. It will also be limited to the use and the value of the data research centers as this is where the real problem lies. It is important though to note that many types of businesses shall be put into consideration and not just a specific type of business. The research shall extend its recommendations to the health and also the eduction sector. It shall not go beyond the set aims and objectives and will stick to the introduction title in order to address the issues contained therein.
This section shall focus on the type of literature used in the research proposal keeping an eye on the works that have been done by different people relating to the topic of research. It is important to relate to the works that have been done by different researchers so that the ideas can be used to expound on this research.
The context of the research, the background information on the research as well as the benchwork studies on the research shall be looked at critically. Recent studies on the same research including limitations of the research, gaps in the research and criticisms shall also be incorporated in this section of the research.
Value Line Researching center (VLRS), is an independent international company that deals with research world wide (Thompson, 2003). It does data collection and analysis especially of the stock exchange of New York (NY) and that of the American stock exchange (ASE) and also that of various securities in the world. The idea was borne from the fact that there had been a problem initially relating to the way data analysis was being done in some of the big stock exchange traders in the world. The company collects and analyses the data after which the various traders are informed of how the companies are doing. The information is always presented in form of supplementary reports, the opinion of the company, reports that show the ratings of the stock exchange companies, various indexes and ratings plus the companies’ updated news not excluding charts that give an overview of how the companies are performing. A research was done by an American researcher by the name Sigmond Johnson on the use and value of the data research centers in the U.S.
He focused on the importance of the data research centers in the business community and other organisations at large. Various businesses ended up adopting the model and the recommendations that he suggested concerning the importance of research in business. Those businesses that adopted his recommendations benefited in the following ways; they increased their sales, created more awareness of their products and commodities, acquired more customers for their products and also increased their competitiveness in the market. After the research was a success, it was implemented by many businesses within and without the region with the aim of increasing their sales too. Other institutions and sectors such as health and education were also advised to take up the recommendations made by the researcher.
The importance of a Data Research centers.
A data research center as a tool for prosperity in businesses has various benefits both to the businesses and to the recipients of the services offered by these businesses (Parlker 2004). A research center formulates and develops research proposals for the businesses. If a businessman wants to ask for some money from well wishers for the purposes of expanding or putting up a business from scratch, he/she will have to write up a business proposal in order for their sentiments to be heard and taken seriously by the necessary bodies concerned. Serious business proposal have always gotten approval from the donors and banks (Parlker 2004). Such proposals can be found at the research centers which have the necessary experts trained to specifically write up the proposals. Research has shown that those businessmen that have approached the issues blindly have ended up losing the deals because of poorly written up business proposals.
The other importance is that research centers have easened the businesses’ responsibility of performing duties. Such duties as report writing and balancing the books of accounts have been delegated to the data centers with the aim of being helped out with the tasks. Many companies and business units have outsourced most of their jobs to these data centers with the aim of cost cutting and ease of managing their businesses (Milner 1998). Many such centers have come up in the country and they are increasingly becoming popular day after day. Today, both students and lecturers are taking advantage of the data research centers with the aim of making maximum use out of them.
Data analysis and collection is also one of the reasons as to why data centers are becoming very important in the modern era (Blackwell 2001). Many organisations lack the time and resources to carry out analysis of their data. The research centers have the latest tools and equipment that they use in their day to day data analysis and compilation. Programs such as SPSS and STA are some of the vital tools that are used in the research centers to do data analysis (Blackwell 2001). The type of analysis that is done in these data research centers is of quality and can always be relied on by many organisations. The personnel in the data centers go to the field to collect data on behalf of the businesses, analyse the data and give recommendations on the same. Such time wasting and too demanding tasks are not a cup of tea to the businesses and therefore the need to direct them to the data research centers.
Some data research centers also act as education centers. They are equipped with various learning materials which are aimed at imparting knowledge to the students. They offer cheaper courses compared to the chartered institutions and other accredited institutions of higher learning (Blackwell 2001). The courses offered by these centers are short courses which are aimed at the students acquiring some information and skills so that they can fit in the society. Skills such as analytical skills, problem solving skills, learning of foreign languages, report writing skills, research skills and other necessary skills are offered by these data research centers.
Another but vital reason as to the existence of the data research centers is the fact that they create employment. Most people have been absorbed in these research centers either directly or indirectly. According to a research carried out by Blackwell (2001), the number of people employed by this sector constituted to three percent of the total population of employees in the United States. This, according to him was a significant percentage that meant that the research centers have a vital role to play in the employment sector. From then, one can say that the percentage of the employees in this sector has gone up and really giving other employers competition in terms of numbers.
Criticisms that have befallen the Data centers. There is an attitude by the general public and the media that has engulfed the data research centers. They have been viewed as strictly business platforms where people are only concerned with money making instead of giving quality services. This has made people to shun away from them with the notion that they are just spending their money with no fruits at the end of the day. Such allegations to some extend are true because that is what has been happening especially with the rate at which the centers are coming up. Some of the people take advantage of the situation to exploit the innocent businessmen instead of helping them meet their objectives. The public outcry and complain has raised eyebrows and even forced the government to step in and quell the situation. As a result of the criticisms concerning the centers, there has been much improvement thus resulting to the positive response by the public.
Limitations and gaps in the data research centers industry.
The research centers have also experienced a lot of problems since their emergence. Problems range from social to economic to tactical and finally to financial. Research has shown that many of the research centers start very actively but somewhere along the way they lose focus and disintegrate. The collapse of such businesses has led to a lot of concern to both the owners of the research centers and the businesses at large. Some of the reasons are as a result of misappropriation of the funds that are allocated to the centers and poor management. Centers that have come up with the aim of making money regardless of the quality of service provided are the ones that have been hit seriously by the trend. This has made many people to shun away from the business and as a result opted for other avenues of making money.
Lack of sufficient money to run the research center is also a menace that is really hitting the sector very hard. Most of the upcoming centers require money for set up while those that are already running equally require funding for their expansion. This has made some of the centers to collapse or perform smaller tasks compared to those that are doing well. Donors have moved in to try and help the centers raise money for their expansions in order for services to be dispensed to the community at large. More and more funds are needed for the centers to provide quality services and continue winning the hearts of many businesses globally. The other limitation is the lack of enough awareness to the business community and the general public (Parlker 2004). This is a problem that has been addressed time and again by all the concerned parties in this field. Many people find it very difficult to trust the data research centers with their jobs and assignments because of the negative picture that has been portrayed of them. The customers end up doubting the quality of services provided and also puts the intention of the data centers to question. The amount of money charged by the data centers also raises eyebrows. One expects to pay more for a specific service offered to him/her but when it turns out that they are paying less for the same services, they tend to wonder. This is simply because the data centers are supposed to offer affordable services so help those that are not well off but at the same time offer quality services to them.
In this research proposal, interviews and questionnaires shall be used in data collection. Questionnaires shall be mailed to different businessmen within the country with the aim of finding out their views on the data research centers. Interviews will be used in situations where the respondents are thought to have some time for the interviewers. The number of face to face interviews will depend with the physical availability of the respondents. Other interviews shall be carried out through the phone. These interviews will be applied in situations where the respondents are willing to give information but they are not physically available. One hundred questionnaires shall be mailed as this is thought to be a representative sample of the number of data center research businesses in the country.
These methods of data collection shall be used mainly because they tend to give first hand information compared to other data collection methods (Kirky and Miller, 1998). They also have an advantage in that they always come in handy whenever there is need for clarifications, corrections or explanations. The questionnaires will contain questions on the use and value of the data research centers in the modern business driven world.
Other sources of data collection other than the primary ones will include secondary data collection methods. Sources such as books, journal, newspapers and magazines shall be used as information for data collection. They will be used to give relevant additional information that would otherwise not be found in the primary sources of data collection.
Data Analysis methods. Most of the data collected shall be analysed using qualitative methods of data analysis. This means that secondary data will be used to ascertain whether the findings are viable. These methods will also be used to test the hypothesis of the research proposal. In the event that the research proposal is rejected, another research will be done, otherwise, it shall be adopted as a successful research.
On the other hand, quantitative techniques will also come into play. The ANOVA (Analysis of Variance) method will be used in this case (Sigmond 2003). Ninety five percent confidence level and a freedom of one degree will be used to test the hypothesis. For this research, the two way ANOVA shall be used. It will be able to tell whether the hypothesis will be accepted or rejected. This type of data analysis will be the best as it compares two sets of populations that are sampled and distributed normally. It is also best suited in that it allows for the comparison between more than two sets of data unlike other data analysis methods that can only compare between two sets of data.
Proposed Timetable for the Research. The timetable stipulated below will be used to show the period and time frame within which the activities will be carried out. Face to face interviews with the businessmen will take place within the first one and a half months of the research. This means that it will start in September and end in mid October. The questionnaires that will be used for the research shall be drafted within the first fifteen days of September and sent to the respondents to be filled and returned by mid October. Thereafter, data compilation and analysis will take place between October fifteenth and thirtieth. The dissertation will actually be written starting from November first to November thirtieth.
Implications of the Study.
This research is aimed at making businesses and other organisations appreciate the value and use of the data research centers. The research will show that the value of these research centers cannot be ignored by any means despite the many limitations and drawbacks that are associated with them. After the research, necessary recommendations shall be made with the aim of seeing to it that they are adopted and implemented by the various affected businesses, organisations and institutions.
The value and use of the data research center has been seriously considered by many businesses and other organisations. Many centers have come all over the world with the aim of making work easier for businesses and the public as well. These research centers have helped in the solving of many problems that businessmen and businesswomen face in their day to day running of the businesses. In addition, such centers have also played a major role in areas such as health and education. The values and uses of the data research centers have to be taken seriously by all stakeholders in order for the objectives of both the businesses and the research center owners to be met. It is therefore worth noting that without data research centers it would be very difficult for businesses to cope with the ever increasing market urgency and demand.
- Blackwell, D. 2001. Research on data centers: A complete analysis of the data research centers. NY: Routlege.
- Parlker, P. 2004. The importance of data research centers: The value and uses of data research centers. London: Intellect Books.
- Sigmond, J. 2003. The use of Research Data centers: A break down on the use and value of data research centers. London: Univ of Chicago press.
- Thompsen, R. 2003. Understanding the use and value of research centers. Oxford: Oxford Univ. Press.