Navigating Three Types Of Synthetic Data: Methods And Applications
Forbes July 12, 2024
Fabiana Clemente is the cofounder and CDO of YData. Generative AI and Privacy are their fields of work.
Synthetic data generation has emerged as a crucial technique for addressing various challenges, including data privacy, scarcity and bias. By creating artificial data that mimics real-world datasets, organizations can develop and test their models more effectively and securely.
Given the importance and relevance that data has gained for organizations in the past decades, any type of data has become central to a successful data-driven approach, which also includes the need for synthetic data.
Even though the concept of synthetic data is simple, synthetic data is an umbrella term. It includes different ways and methods to generate artificial data that can offer different...