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Synthetic Data: What It Is, and Why You’re About to Hear a Lot More About It

  • Synthetic data is data generated artificially, not collected from real-world events.
  • It is created using algorithms to mimic real data without access to sensitive information.
  • An example is training AI models using synthetic data to recognize patterns without needing real patient scans.
  • Synthetic data allows for creating realistic datasets for various purposes while preserving privacy.

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