What are the applications of synthetic data in AI?

What are the applications of synthetic data in AI?

Synthetic data is used in various applications like training machine learning models, testing algorithms, and enhancing privacy.

Can you give me some specific examples of how it's used?

Sure! It's used in healthcare for patient data simulation, in autonomous vehicles for scenario testing, and in finance for fraud detection.

How does synthetic data help with privacy concerns?

Synthetic data can mimic real data without exposing sensitive information, thus protecting user privacy while still providing valuable insights.

Are there any limitations to using synthetic data?

Yes, synthetic data may not capture all the complexities of real-world data, which can lead to less accurate models in some cases.