Does Synthetic Data Hold The Secret To Artificial Intelligence?

Does Synthetic Data Hold The Secret To Artificial Intelligence?

synthetic data be the solution to rapidly train artificial intelligence (AI) algorithms? There are advantages and disadvantages to synthetic data; however, many technology experts believe that synthetic data is the key to democratizing machine learning and to accelerate testing and adoption of artificial intelligence algorithms into our daily lives.

When a computer artificially manufactures data rather than measures and collects it from real-world situations it’s called synthetic data. The data is anonymized and created based on the user-specified parameters so that it’s as close as possible to the properties of data from real-world scenarios.

One way to create synthetic data is to use real-world data but strip the identifying aspects such as names, emails, social security numbers and addresses from the data set so that it is anonymized. A generative model, one that can learn from real data, can also create a data set that closely resembles the properties of authentic data. As technology gets better, the gap between synthetic data and real data diminishes.

Synthetic data is useful in many situations. Similar to how a research scientist might use synthetic material to complete experiments at low risk, data scientists can leverage synthetic data to minimize time, cost and risk. In some cases, there isn’t a large enough data set available to train a machine learning algorithm effectively for every possible scenario so creating a data set can ensure comprehensive training. In other cases, real-world data cannot be used for testing, training or quality-assurance purposes due to privacy concerns, because the data is sensitive or it is for a highly regulated industry.

Huge data sets are what powers deep learning machines and artificial intelligence algorithms that are expected to help solve very challenging issues. Companies such as Google, Facebook and Amazon have had a competitive advantage due to the amount of data they create daily as part of their business. Synthetic data allows organizations of every size and resource levels the possibility to also capitalize on learning that is powered by deep data sets which ultimately can democratize machine learning.

Creating synthetic data is more efficient and cost-effective than collecting real-world data in many cases. It can also be created on demand based on specifications rather than needing to wait to collect data once it occurs in reality. Synthetic data can also complement real-world data so that testing can occur for every imaginable variable even there isn’t a good example in the real data set. This allows organizations to accelerate the testing of system performance and training of new systems.

The limitations for using real data for learning and testing are reduced when using fabricated data sets. Recent research suggests that it is possible to get the as you would with authentic data sets.

It can be challenging to create high-quality synthetic data especially if the system is complex. It’s important that the generative model creating the synthetic data is excellent or the data it generates will be affected. If synthetic data isn’t nearly identical to a real-world data set, it can compromise the quality of decision-making that is being done based on the data.

Even if synthetic data is really good, it is still a replica of specific properties of a real data set. A model looks for trends to replicate, so some of the random behaviors might be missed.

Whenever privacy concerns are an issue such as in the financial and healthcare industries or an enormous data set is required to train machine learning algorithms, synthetic data sets can propel progress.

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