Bridging the Data Gap: the Power of Synthetic Data
Viewpoint

26 Mar 2024
by Arpit Mehra, Naga Koundinya, Niraj Agarwal

This report underscores synthetic data’s vital role in addressing data challenges during AI initiatives. It highlights the significance of leveraging synthetic data to train and optimize AI models effectively. Additionally, it explores best practices for using synthetic data and its effectiveness in mitigating privacy concerns and biases commonly associated with using real-world data

The report also explores key industry trends, use cases and adoption patterns related to synthetic data. It examines different buyers offering synthetic data solutions, providing insights into the diverse provider landscape to assist technology buyers in making informed decisions.

Furthermore, the report will educate professionals developing AI/ML solutions on the benefits of synthetic data. It offers a comprehensive understanding of synthetic data’s working principles, highlights key nuances, and equips professionals with the knowledge necessary to leverage synthetic data effectively, thereby enhancing their AI/ML projects.

Contents:

In this report, we examine:

  • An overview of synthetic data
  • Synthetic data’s role in the AI development cycle
  • Key applications and adoption of synthetic data across different industries
  • The synthetic data supplier ecosystem

Scope:

  • Industry: cross-industry
  • Geography: global

Membership(s)

Artificial Intelligence (AI)

Outsourcing Excellence

 

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