According to a Gartner survey, 60% of leaders in IT and D&A reported that their organizations embraced AI-generated synthetic data due to the challenges in real-world data accessibility. Further, 51% of the leaders cited that non-availability of data is driving the adoption. The concerns of data scarcity in the business world and stringent data privacy laws make the availability of real data very limited. Whereas in today’s world, data is the lifeblood of every business. A lack of quality data can impede an organization’s growth. In cases where enterprises are struggling to find data because of data privacy concerns, safety concerns, or because it does not exist, they are looking forward to having synthetic data to fill that need. As we all know, the latest Generative AI tools excel at crafting meaningful works, images, videos, and more, much like the ones created by humans. Interestingly, we can use generative AI to generate valuable data itself! In t...
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