Synthetic Data for Machine Learning

5

Synthetic Data as a Solution

This chapter highlights the main advantages of synthetic data. You will learn why synthetic data is a promising solution for privacy issues. At the same time, you will understand how synthetic data generation approaches can be configured to cover rare scenarios that are extremely difficult and expensive to capture in the real world.

In this chapter, we’re going to cover the following main topics:

• Synthetic data generation methods
• The main advantages of synthetic data
• Synthetic data as a revolutionary solution for privacy issues
• Synthetic data as a revolutionary solution for cost and time efficiency issues
• Synthetic data as a revolutionary solution for rare data

The main advantages of synthetic data

As we have ...