Synthetic Data
Artificial datasets that are generated algorithmically or by simulations instead of being collected from real-world events.
LUX TAKE:
Synthetic data offers various advantages over real-world data, including data generation at scale, increased data privacy, diversity and variation, and reduced data bias. As the demand for these features will continue to grow, synthetic data will be a crucial element of big data and AI applications. Clients interested in developing machine learning algorithms or trying to anonymize their data for ...
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