The Standard Business Reporting (SBR) program is a government initiative that simplifies business reporting obligations by removing duplication and paper-based processes. It provides a secure, digital way to exchange business data with governments, streamlining the process so that businesses can focus on what’s important to them.
There are a variety of data collection methods that can be used for the SBR program. These include:
- Paper-based reporting: This includes filing returns and other forms on paper. This method is still used in some countries.
- Electronic reporting: This includes submitting returns and forms online.
- Data mining: This method involves collecting structured and unstructured data from multiple sources for analysis.
- Data aggregation: This method combines data from multiple sources into a single dataset for analysis.
The one data collection method that is not considered an SBR data collections method is Social media data collection. Social media data collection involves collecting data from different social media platforms such as Facebook, Twitter, and Instagram for analysis. This method is not considered an SBR data collection method as it does not adhere to the security standards, rigorous privacy rules, and regulatory compliance requirements set by the SBR program.
In conclusion, the data collection methods that are considered part of an SBR data collection are paper-based reporting, electronic reporting, data mining, and data aggregation. Social media data collection is not considered an SBR data collection method.