Conversations about using synthetic data in AI are becoming more popular every day. What is synthetic data? It is artificial data created using various algorithms and techniques. It is not collected from real-life environments, processes, or events, it only mimics real-world data.
Synthetic data can be generated quickly and at scale, and it is more cost-effective than real data. By using this data, researchers can also simulate rare scenarios. Many researchers use synthetic data to train, test, and validate LLMs and other AI systems.
