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

Explainable Artificial Intelligence focuses on developing AI systems that can provide understandable explanations for their decisions and behaviours. Transparent and interpretable AI models are…
Artificial Intelligence refers to computer systems designed to simulate human intelligence. With AI, machines can accomplish tasks that typically require human cognition, such as…
Forecasting involves predicting future outcomes or trends based on historical data and patterns. By analysing past data and applying statistical techniques, businesses can make…