In today’s data-driven world, companies live or die based on how well they utilise data. Organisations like Google, Amazon and Netflix owe their success largely to data analytics. They uncovered game-changing insights that propelled them to dominance.
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Exploring the Power and Considerations of Synthetic Data
Synthetic data is like a virtual twin of real-world information, generated artificially instead of from actual events. It’s created using clever algorithms and serves two primary purposes: validating mathematical models and training machine learning models. You can think of data generated by computer simulations, such as music synthesisers or flight simulators, as synthetic data examples.
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