Synthetic Data

Real Value and Real Opportunity?

As the world becomes increasingly data-driven, the demand for high-quality data has grown significantly. Synthetic data, which is artificially generated data designed to mimic the statistical properties of real-world data, has emerged as a valuable solution to address data scarcity and privacy concerns. In this substack, I explore the various applications of synthetic data, discusses the advantages it offers, list several vendors, and delve into the technical and ethical challenges that researchers and practitioners face when working with synthetic data.

Image source: Brian Lenahan/Midjourney

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