What is Synthetic Data?

Skill Level:

Synthetic Data is artificially generated data that mimics real-world data. Synthetic data can be used to train Machine Learning models when real data is unavailable or insufficient. Synthetic Data can improve model accuracy and reduce privacy concerns when handling sensitive data.

Other Definitions

Instance-Based Learning is an AI approach where models make predictions based on similarity to previously seen examples. Instead of generalising from a predefined set…
Bayesian networks are Probabilistic Graphical Models that represent and evaluate uncertainty and conditional dependencies between variables. Industries such as healthcare and finance use Bayesian…
A ChatBot is an AI-powered robot that communicates with users via written or spoken language, helping them with tasks or providing information. It uses…
Digital assistants, also known as Virtual Assistants or Chatbots, are AI-powered software applications that can engage in conversations and perform tasks on behalf of…